OCR Text |
Show COL. WALL'S To Take Down Fortune From Copper h Will Receive Nearly $4-00,-000 and Retains Interest In-terest in Mines. New Company Organized to Succeed That Which Has Demonstrated Demon-strated Its Merits. TO THE remainder of good things Included In his estate, Col. Enos A. Wall will, the present month, be permitted to add approximately approximate-ly four hundred thousand gold dollars, his benefactor, the Utah Copper com-puny, com-puny, organized under the laws of New Jersey with a capital of $4,500,000, its assets the Wall-De La Mar group of mines at Bingham and the big mill in Bingham canyon, with which it has been equipped. The payment, it is understood, un-derstood, does not mature until August, but the company has exploited its undertaking un-dertaking in the copper-bearing porphyries por-phyries at Bingham with results so conclusive that it has decided to anticipate anti-cipate it and It was said yesterday that it would positively be made. Col. Wall not only receives a fortune for the Interest In-terest with which he has parted In the group of mines that promise to be made as productive as any in the great camp of copper, but ho retains an Interost in the company for which it has afforded the foundation and which foundation he has always contended was capable of as much as any upon which the great companies of Bingham have been reared. Mr. Jackllng, general manager of the company, who was asked with reference ref-erence to the payment last night, said he would not discuss It further than to state that It was the Intention of the company to exercise Its option on tho Wall and De La Mar Interests. Col Wall, who was asked with reference to the payment, said he preferred to wait until- he heard Its jingle on the counter before he exploited the experience of one who had made a sacrifice, notwithstanding notwith-standing the handsome piece of money he will be permitted to draw down while retaining an Interest in the bonanza. |