Show DE LA MARS r BIG SALEn HE DRAWS DOWN 1750000 1 Disposes of His Bully Hill Mines and Smelter His Rich Holdings Absorbed by tho Mount Shasta Company A Salt Laker Acquires Rich Discoveries on Lone Mountain Another Ledge in the Salt Lako Tonopah With Ores Coming to Market Day on the Mining Exchange President Dern Returns Note and Personal In line with liln dcclolon to withdraw entirely from the diggings Capt J R X > t La Mar It was learned last night has parted wllh Ills Bully Hill mines J and smeller n Shasta county Colo and In the transaction pocketing prolKn aggregating no less than 51750000 To whom lie bonanzas und their oqulp inonttj which Include a line I of railway belweun the mines and the furnaces went could riot ho learned but Sc i Is i described as1 syndicate headed by prominent Chicagoans Will H Cunningham Cun-ningham who han long served the captain cap-tain In ho capieliy nf cushion ami who has JUKI returned from New York after an interview with the wealthy operator was asked with leferonee to the deal and said that while he was unable to furnish particulars he had been told by the captain the day of his departure that tho unlu luul been con 1 sumnmtcd It Is i but three years ago That De La Mars attention was drawn to the Bully 11111 group that had been worked by Callfornlans for a long time lie purchased It after exhaustive examination ex-amination by Harlwlg A Cohen and George Kialngbury for 5300000 A low mnnthB later It had been equipped with a smelter and lust peason I he active ac-tive production of bullion cnrryliiy copper cop-per gold and silver was begun Since that time he has been drawing down nil kinds of earnings but when he made up his mind to retire from tho mining camps and seek a new arena that promised greater fame with the same txurllon It with other bonaimis vent on the bargain counter He yold his Interest In the Con Mercur at Mercur which was earning him a tmall fortune annually and for SlUOO 000 parted wMh his mines at De LaMar La-Mar IsVv from which he had derived I nearly SlJ000000 in gold The sale of the Bully Hill leaves him with but one property on his hands that the Gold 3Iountaln mines In San Bernardino county Cal It Is I said that this proposition prop-osition too In for rule and that already the representatives of eastern Investors are nibbling at it In his withdrawal from the mining world Its votaries sustain the loss of one of Its most valuable and courageous exponents Ho has never recorded a failure however numerous the disappointments disap-pointments that were quickly dropped Hls amazing success Inspired others while his methods will commend them polVes to the youngalers of every generation gen-eration This llnal retirement will be deplored by l mining men throughout tho West although there Is a feeling that he will reappear among them before lifes lights u re finally uuted The subjoined dispatches from the west makes It appear that the Gold Mountain properties are Included In the deal but this In olmljenqed = San Francisco Oct flA consolidation consolida-tion Is J today announced as having boon effected between the Mount Shasta Shas-ta Gold Mlnet corporation and the California Cali-fornia Interests of Captain J n DC La Mar by this consolidation there IK I brought under the control of the new company which retalivH the title of the Mount Shasta Gold Mines corporation cor-poration a epjrtbinntlon of the greatest great-est producing properties In California Captain Do La Mar turns into the new corporation his entire California interests inter-ests which Include tho copper properties proper-ties and smeller at Bully 111I1 and his copper properties at Copper City and Pomllllns BeaJdes these copper properties prop-erties Captain DC Txi Mar 1 places among the properties of thenew company his Gold Mountain sold mines located In San Bernardino county Cal The original M junt Shavta company brings to the txw corporation its copPer cop-per properties located at Bully Hill known as the McClure and Michigan groups which adjoIn the De Lu Mar properties There IK I alnoIncluded the Summit United gioup 1 of copper mines located In the Iron Mountain section of the Shasta county copppr bolt As an oflsct to DC Lumurs southern California Cali-fornia gold properties the Mount Shasta company brings to the new corporation cor-poration Its original I gold I properties known as the Atowit Shasta mines The entire properties the consolidation consolida-tion aggregate 1000 acres of mineral land besides several lowusltcs and water wa-ter rights and several thousand acres m of timber land j The terms of consolidation I t not been made public save that i L De La Mar becomes a heavy stmkholder I In the Mount Shasta Gold Minos corporation cor-poration It bus taken several weeks to complelo negotiations which have been carried on In Chicago It was said lust nght that the Balak lala group on which the I Western Exploration Ex-ploration company of this city has hold on option for ome time in to bo added 1o the amalgamated company hold ings but this could not be verified In the absence of Pres Snydcr who Is I now In San Francisco The same report I re-port Indicates that the Afterthought group which haG just been sold by the Tarbet syndicate of Bait Lake is i headed In the same direction The undertaking la the most formidable that has been exploited since that of the Amalgamated in Montana and It I in said will be rounded out along the same lines as WHB the latter |