OCR Text |
Show MONARCH COMPANY HAS A NEW MOSES Messages received In the city yesterday yester-day Indicate conclusively that the Monarch Mines and Smelter corporation corpora-tion Is out of all Its troubles and that it will formally resume work on Its various interests, extending from Beaver county, Utah, to Ploche, Nev., early In July. It was said yesterday by people who are conversant with what Is taking place, that none other than Samuel Newhouse had consented to take the vice-presidency and general management of the company. Preliminary Prelim-inary to his consent Mr. Newhouse made certain exactions of the promoters, promo-ters, which, It Is said, have been complied com-plied with. These exactions contemplated contem-plated sufficient money In the treasury with which to exploit the plans of the new company to what Is hoped will be a profitable finish. That Mr. Newhouse has Identified himself with the undertaking, under-taking, every Interest In Beaver county will rejoice, and the State of Utah, indeed, in-deed, might be Included. He has demonstrated at Bingham what might be made out of a low-grade property, and he has shown what he ls willing to do, In the reclamation of the Cactus, which was for so many years permitted permit-ted to remain Idle by Its Parlslau possessors. pos-sessors. Among mining men the opinion prevails pre-vails that, with "Sam" Newhouse in control, this group of properties will begin Immediately to prosper, and will eventually show results that will startle star-tle the Investors of the State. |