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Show NE10USE IS fiUo! f Wild OREGON MINES f Prominent Ctnh Operator Sc- j Sj cures Control of Ihe, Yalu-able Yalu-able Rainbow Group. Om'tS. Special to The Tribune. tf S'S PORTLAND. Or,, .Jan. S.-Samuel llftM. Kowhouse of Snlt Lake reached hero yesterday noon and within twenty lni hours had aecured a controlling inter lljftUi est in tho Rainbow group of geld quart?. claims, in caelum Oregon, belonging IBS to the Commercial Milling company of Fori land, and tahon bin departure as quietly as ho came. Th deal is re- g-"V gardud as th most, important transac- pi tion involving mining property ever ' for r brought about, iu Oregon. The Rain feUn bow is located about lhirt3'-fivo milea M-ft southeast of Baker City, in the Mor r 1 mou Basin mining district, and is enpi- ant , talizcd at 1,750.000 shar if the par 'mt value of $1 a share. Us officers con- j'd aist of O. "V. Ransom, president; Or, 'nemb A. 8. Nichols vice-president; Frank t'J R. King, secretary and treasurer, and W. E. King, superintendent and gen- 'W. oral manager. L"' "By tho terms ol" tlm sale Mr. New- ' house takes over tlm entire iPKiie of fu9sei 250,000 shares of treasury slock, be- 1 'm.wIn sides 750,000 shares of common, giv- , 'ifhls ing him a eontrolling interest iu 'the ' WW- " mine, conditional that he must install 1 au electric plant capable of operating JjJ y a mill of from 100 to 150 stamps, in 1 w addition to equipping the property nth SU complete new machinery and otherwise Hi developing the property to the fullest 1 ftsit tt extent. Atr. Newhonse left, here this If did morning on the Oregon Railway fc .. ?. a Navigation train for his home at Salt 'gb dc Lake. (!fht q |