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Show OTHER Mi lEfiLS IN-GREAT IN-GREAT ELY DISTRICT - ' - .' Osceola, Nev., according to late information, infor-mation, of his encountering an immense ore body worth on an average $12 per ton in gold. . , This property adjoins the estate of Dr. Whitney of Salt Lake, who has been endeavoring to find the big deposit de-posit of that section for several years. Previous owners of the Blue Bell almost al-most reached the fortunes which are destined to be enjoyed by Gunderson and associates that are said to have backed him up in his enterprise, and the preceding operators lost it because they failed to put in "just one more shot;" thev did not realize that "just one more foot' driven upon a tunnel or shaft may entirely change the financial finan-cial credit of a mining corporation or a lessee from bad to very good conditions. condi-tions. Former owners and operators were known as the Butterfield company, and up to four years ago they bad driven a tunnel 340 feet long to eut a contact con-tact that is in strong evidence upon the surface. Then the company "went broke," and the property had been idle until Gunderson came along and recognized it was a good thing to get into. He extended the tunnel ten feet, and has found free milling ore in a vein that has been crosscut dver seven feet already without any sign of the hanging wall. The ore is exactly ex-actly the kind that Dr. Whitney has always contended would be disclosed in that vicinity, and he is satisfied now that 'ere many days there will be yet greater ' disclosures on the Blue Bell. The vein is cut by this tunnel 350 feet from the portal, and at a depth below the surface of 120 feet. On the same dyke or ledge, some four miles distant from the Whitney and Blue Bell properties, the various claims in the Blackhorse district have been opening up in similar manner, except ex-cept that the values are higher, and there is less surface formation of a barren character. The stamp of permanency having been; placed upon Ely, Nev., and its future assured, the centralization there of the most powerful capitalists - engaged en-gaged in the mining industry in all the world, has been continuous and a stream of money for the available undeveloped assets of all kinds has flown in. Yesterday the sale occurred in this city of three big groups on the west end of what is called ' the belt." for $101,-000, $101,-000, and this ground is to be organized into a company by Salt Lake capitalists very soon. In the meantime A. D. Meyers, a Gold-field Gold-field capitalist, who recently went to Ely. and is now associated with G L. Kickard in some of his enterprises,' has purchased the Albert Heusser ranch and water right for $50,000 for a smelter site. . With Mr. Bickard he has purchased a group of claims back of Ely for $So.000, from Thomas Bockhill and several sev-eral other Ely men. , Messrs. Meyers and Bickard closed a deal for the Christmas group of six mines, the vendors having wen Albert and Will McKnight. Joe and Fred Old-field, Old-field, Ernest Kandall, W. N. McGilLA. D. Campton and M. M. Johnson. The price of the group was $30,000. Up to the present Mr. Meyers has invested in-vested something more than $200,000 in Ely mines and other property. The Heusser ranch is about fifteen miles from Ely, and the smelter there will be for handling ores from the mines of the Bickard-Meyers coterie of capitalists. Meyers was one of the original "big eight'' that fbund Goldfield, and who a month ago sold all his interests in the Jumbo, Combination and January and Bed Top mines for $250,000 when it became be-came evident that there was going to be a merger of the principal mines of that district and he had the opportunity to sell. This sale was the biggest transfer trans-fer of stocks in one black to one owner that had occurred in Goldfield up to that time. When Meyers sold his reason was scarcely understood so well as now appears in his reinvestment of his money at Ely as above indicated. The McDonald-Ely Copper company will soon be formally organized in Salt Lake to take over the Robust, McDonald McDon-ald and Maceo groups a splendid area of ground recently purchased by Senator Sen-ator Thomas Kearns and David Keith. Col. E. A. Wall is understood to have become a joint owner of these two groups which cover 4000 feet in the famed Ely monzonite zone, the mineral!- GOLDFIELD MILLIONAIRES. A new crop of millionaires is on exhibition ex-hibition at Goldfield as a result of the rise of Combination Fraction from $1.95 to $6 in seven days, says the Goldfield Tribune. Tim O'Neil, "top man" at the Bed Top, although not yet rated as a millionaire, is owner of 6500 shares of Combination Fraction, which he bought when it was cheap because it was cheap. He didn't sell when the stock reached $6, but he quit his jod. , A brother of Supt. Hugey Trenholm of the Bed Top and Jumbo, has 8000 shares, which he can sell any time at a profit of $40,000, and Hughey Trenholm Tren-holm also owns a bunch of this gilt-edge gilt-edge security. Bartholomew Nolan has 6000 shares, and nearly every man around Bed Top who speculates at all has more or less Fraction. , Some of them bought weeks ago, before be-fore there was much doing around the mine, and have had to wait, but they waited with a patience born of an abiding faith, and their reward has come. i zation of which has been the wonder and admiration of the mining world since its extent and possibilities have been appreciated. The groun has three large fissure veins in the limestone bordering bor-dering the monzonite. The group adjoins ad-joins on the east the Chainman group of the Nevada Consolidated company. And to make the estate a most fully equipped one for practical and profitable profit-able operations, the gentlemen principally princi-pally interested have acquired Cummin Cum-min ranch and other adjoining agricultural agri-cultural lands to the extent of 1200 or 1300 acres. This purchase covers a deep lake of water one mile long and : a quarter of a mile wide fed by a great number of springs, and from which a large stream constantly flows down into in-to the valley. One peculiar feature ot these springs is that they are openings like craters, and apparently have no bottom. Lines dropped eighty-five feet down into the springs find no bottom whatever. This would suggest an inexhaustible in-exhaustible underground flow of water, composing one or the most extensive supplies of the whole Ely region. Since purchasing the Robust, McDonald McDon-ald and Maceo groups the new owners have pushed forward one of the most energetic campaigns of development work in the camp. A large amount of money has been expended both for this development and for accessories necessary to a thorough thor-ough exploration and subsequent mining of the territory. Two shafts are now being sunk in the monzonite, one of which has reached sulphide copper ores at a depth of 75 feet of a grade of nearly 4 per eent red metal. Altogether the exploitation operations have been exceedingly satisfactory as E roving beyond doubt the vast resources elieved throughout the procedure to prevail in this property. The other and subsequent arrangements arrange-ments have been carried forward with the realization on the part of the experienced ex-perienced successful mining men engaged en-gaged in it that first the ore must be available, second that it must have milling facilities, and also that there must be sufficient territory to afford an ore supply for many years to come. All these attributes for a big proposition proposi-tion that would command the respect of leading investors of the country are f fathered together at this time by the argest purely Utah triumvirate ever assembled in the combination of Kearns, Keith and Wall, whose intentions in the Ely district have never been fully understood un-derstood by the public until now. While the development of the Ely district. has scarcely begun. Salt Lake commercial interests are gaining largely in trade. Particularly in the raining machinery business is this benefit most apparent. Two complete hoisting plants have within the last ten days been purchased here by F. S. Pheby, the Ely banker. Both of these plants are capable of handling operations in shafts to a depth of 1000 feet. . One of these plants will be placed on the Ely Central Copper company's property, which is to be have a three-compartment three-compartment aha ft-as soon as possible. This property is controlled and operated oper-ated by Mr. Pheby, and the original Philadelphia Tonopah crowd, headed br A. O. Turner, and John W. Woodsides. Its steam hoisting and pumping equipment is being placed about midway mid-way between the Star Pointer and Eureka Eu-reka shafts of the Nevada Consolidated company. The second plant of machinery purchased pur-chased by Mr. Pheby will go ou the Turner-Ely Copper company's estate, where another three-compartment abaft will be sunk. This property also belongs be-longs to the Pheby-Philadelphia crowd. There are three shafts on the property and each is in ore. Water has stopped work in them, but the new plant will be made 'to handle the 'water without trouble. A No. 5 Keystone drilling outfit out-fit is also headed for thia property, and the intention is to prospeet the ground to a depth of 1200 feet with it. . " |