Show GAPT DE LA MAR SEllS Parts With His Interests in the Con Mercur HE GETS OVER A MILLION I Purchasers Get Over Fivo Hunched Thousand Shnros A Salt Lake Eoston Syndicate the Buyers Groat Record of tho Mino Manager Allen Reports Centennial Eurckas Main Shaft Completed tc Four Hundred Level Estimate cf the Years Earnings of tho Utah Con Notes Negotiations for the purchase of Capt De La Mars holdings In the Consolidated Con-solidated Mercur gold mines culminated in Boston yesterday morning when his entire block of stock consisting of over 500000 shares was transferred to a Salt LakeBoston syndicate which checks out over 1000000 Immediately this assurance as-surance was received by George Dcrn from his father who was present In the East when the last nail was driven Into the bargain the former representing tho local member of the syndicate hurried to thc bankinghouse of Wells Fargo Co and to the credit of the vendor placed a check for no less than 100000 It Js surmised that a pay ment correspond with the size of the block for which the Eastern end of the syndicate has subsrrlbtd was made In Boston and with this to clinch the rfgreemont the trade vill be rounded out according to Its terms This accomplished ac-complished VlcePresident J9hn Darn with whom arc associated Ed II Alrls John Hclmrlch George Dern and say eral other local Investors will lag the train for home while Messrs Isaac H Meservo and Charles J DoverMix both of whom were prominently Identified with the pioneer company wil look after the knitting at that end of the line Thus 1 Is that the control of the bonanza la restored to talent under which II always thrived and to hands i that elevated It from an obscure and defiant proposition to one which scattered scat-tered Its riches among the peoples of nearly all lands As told exclusively by The Tribune the deal by whIch Cap De La Mar is relieved of his holdings I was incepted I early the present year The evoking declines In the stock that began when It became known that his shop doors had been opened up made Con Mercur distasteful to him Learning of this Mr Dern and his associates as recently assoc recenlY told in these columns decided to fur nlsh him a market for what remained In his sack The dicker was brief and a few days ago Mr Darn was notified of the Captains readiness to close the deal The first train bore him Into the gentlemans presence the message yhich came frqm the post yesterday morning revealing the balance What figure per share the retiring millionaire took down George Darn at present assistant as-sistant general manager of the mines pleaded that ho did not know I Is not less than 2 and in the opinion of some of the oracles approximates 53 Upon the former figure the company Is J now handing out 25 per cent upon the latter 16 23 per cent per annum Immediately upon the return of Mr Dern who will probably be accompanied accom-panied by one or more of the Boston wing a reorganization of the board will take place That Mr Dern will be summoned sum-moned to the presidency I is safe to anticipate and as George Darn Is now serving the company as treasurer and manager de facto he will no doubt continue in that capacity Ed Alrls will be called back into the official family no doubt while John Helmrioh Is wearIng wear-Ing one of Its mantles now Under n brandnew management and one that has always commanded the esteem of the Investor the territory which has been productive of dividends amounting to 270081290 will be most actively operated op-erated Since August J 1000 on which date the formal consolidation the old Mercur with tho Golden Gate or De La Mars mines took place the company has passed around as much as 610000 of which sum 125000 will be paid on February 7th next Physically and mechanically me-chanically the properties arc In superb form and that present earnings will be maintained no one will question Superintendent Su-perintendent Frank Janney who came In from camp yesterday reports S50 tons of ore passing dally Into the mill while another consignment gold bul lion has just been forwarded to the sub treasury In New York this represent Jng the earnings for December The rellnqulshment of his interest In Consolidated Mercur relieves Capt Do La Mar of all his holdings In Utah a fact that will be deplored by a large larse circle of admirers IIo Is l an Ideal miner and convinced of the merits of terri tory Into which his Judgment has led him no undertaking is too bold I Is to him uni2 to the Intelligent staff with winch he has always surrounded himself him-self that Mercur and the thousands who have Interested thcrnpclveti In the camp are Indebted for the process by which the longdetested sulphides were mastered and made to surrender their precious contents The matchless mill mi he reared upon his property will always tower as f monument to his daring and his enterprise Having withdrawn from this field his local ofilccs will probably oneeH wi I bo abolished Hartwlg A Cohen who ban served him HO efilclently here will continue to manage his Interests In California while making periodical visits to the Captains mines In Ne vada white Will lt Cunningham who ha long been i with him will be sum moned to other camps I would be Il logical to assume that the new control will permit Superintendent of Jnnnoy the mill or Superintendent Edwards of the mines to escape as It would be dUll cult to develop successors In the meantime conditions will con tinue at the bonanza as In wi past with the same volume of gold Passing monthly Into the lap of the sharehold er News of tho trade has elicited many expressions of approval at home and the return of VlcePre Idcnt Dent with awaited full particulars win be eagerly |