OCR Text |
Show I Wasatch ling droop I ' How in New Hands Salo of the Control to a "Wealthy fl Eastern Crowd' Consummated Kt and "Work to Follow. ' Through J. ir. Reynolds a deal was con- aummated In this city during tho day by -which a control of tho properties or tho Wasatch King company of Beaver coun-ty coun-ty was -.msfcrred to an Eastern crowd jvlth abundant means to proceed at once tvlth such development as shall bo ro- 1 quired to place them on a prouiictlvo basis. While tho sum required to loosen up tlio Interest has not been divulged. It ia said by thoso professing to know that 1 It is ono of several llguros. Tho nropcr- 1 I tics, that occupy a most likely position on tho copper-bearing belt down in Beaver county, wcro made tho foundation of tho company by John W. Lnnglcy, F. IT. Lathrap nnd Mr. Reynolds, several ' years ago, and whllo they have not been among tho active producers In that local- 1 I lty, In them hns been encountered somo very flno hlgh-grado copper oro carrying 1.' charaotc-rlstlc values In gold and silver. 1 Of tho purchasing crowd It Is said that It la a very wealthy one, and that dcvel-opmcnt dcvel-opmcnt will bo resumed at once upon tho most energetic basis. |