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Show TO DEVELOP WHITE'BOCK. . The .White Bock group at Goldfleld, Nev.; will be developed by the Begole Mines syndicate, a close corporation, iust' organized at Boston and in which . H. Peery of Salt Lake is largely interested. in-terested. Among . the other wealthy participants in the financing of this project are Logan r4- Bryan, 'Payne. Weber & Co., Hayden, Stone & Co., of Boston, and Pollock A Co. of this city. Altogether it is one of the most formidable- syndicates financially on the basis of 15,000 shares of a par value of $10 each: and so eagerly were these shares sought that the selling price is already .quoted at $12.50. The promoter of the project is F. H. Begole of Michigan, one of the most experienced operators and influential financiers, favorably known throughout the -East as a pusher and successful engineer of large-development projects. In the White Bock- group there ia to come under development an area of ery likely territory. It was among the first in the district to show surface values, and waa as favorably regarded by the pioneers as even the Jumbo' and Combination at the same time these bonanzas bo-nanzas were making their first yields two years ago; but the White Bock surface showings werf not as rich, and therefore inasmuch as there were properties prop-erties susceptible of quick production at the surface, and the fact was apparent appa-rent that the White Bock must reach depth. before yield could be expected of higher grade ores, it was left for the present owners to undertake the exploitation exploi-tation work. The group is joined on the east and northeast by the Combination, Mohawk, Bed Top and Silver Pick, and on the north by the Lou Dillon and Esmeralda. The company starts with a cash capital capi-tal of $150,000 for application to the development work immediately. |