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Show UK27 7US .'CP COWEONS !N EMST - i Fred Schrott, : the "Lucky Dutchman," Dutch-man," has returned to Salt Lake from New York, Kansas City, Chicago and Denver, where he has been talking up the resources of the Blackhorse district, Nev., for the last three months. He explained ex-plained .the details of the organisation in New oYrk of the Amalgamated Nevada Ne-vada Mines and Power company, organized organ-ized by H. 8. Woollev, which has taken , over about sixty claims in the Black-horse Black-horse and Osceola districts, and which was mentioned in these columns at the time the company's articles of incorporation incor-poration were filed. He added: "There was also taken over the properties prop-erties of the old Osceola Gravel company, com-pany, which were worked in the early days for the placer values. There is yet plenty of gold in these gravel beds. Work upon them in the past had to be abandoned because there was not sufficient suffi-cient water, and we have now secured an ample supply through the purchase of ranches, and it is the intention of the company to divert the ranch water to plaeering. I am satisfied that as a result of the operations planned by the Amalgamated Nevada Mines and Power company the Osceola district will be much rejuvenated during the next year, and also that the Blackhorse district will rapidly receive the attention of the general mining investment public. I know it has the gold resources. "One great trouble in New York today to-day is that they do not realize what Utah and Nevada have in the way of gold mining resources. They have heard of -Goldfleld, and there has been considerable consid-erable investment there on account of the very extensive advertising that district dis-trict has received in various ways, but there is a great deal of educational work yet tole done. ' "Our Western mining interests have been considerably hurt these last few months by the Nipissing boom at Cobalt, Co-balt, Ont. The New Yorkers especially were wild with excitement over that camp and some of its companies. In one day on the' curb theer were sold 70,000 shares of Nipissing stock at $33 per share. Now, when yon come to think of it, that means $231,000 was invested in this stock by the very best classes of moneyed- people. And when it is considered that this stock has now declined to $14 per share, you must get some idea of the feeling of the people who bought when this stock was at its height. The entire Cobalt bubble has reacted disadvantageously to Western mining propositions of all kinds. "The investors there look with favor fa-vor nevertheless upon Conner stocks, especially those from -Ely." Greenwater and Yerington districts. But neverthe-lesB; neverthe-lesB; brokers are and have been experiencing experi-encing great difficulty in securing capital, capi-tal, and there is a 'universal cry of 'tight money.' It seems inconsistent with the 'good times' shout that is heard on the other hand almost everywhere every-where in the East." |