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Show fffil PAPERS ARE EEL'iS DRAVfl TOR PiOCHE CERCER Final paper ara being draws for the merger of Pioek mining properties, wkick are to go tn,e the hands of the boldiag eompaay, kaowa a the A mil gam ted Piocb. Tba deal waa ratified railroad ia to be extended to each ol eompaay, aad while loans oppoaitioa developed, there waa a vary larg majority ma-jority ia favor of th transfer. The aew eompaay win b-eapi tallied for 10,000,000, divided iato share of a par value of 110 sack. Eaeb of the tkre companies are te receive 00,-000 00,-000 hare aad th remaining 400,000 share ar to be placed ia th trearary. A bond iam of T50,000 baa beea authorized, aad it ia aaoeistood that 250.OO0 of this ka already beea gnaraateed, which will give th aew eoneera amplf moaey witk which tn take ap nai of tha shares which are to be turned ia for cash. Th aew ia-tereat ia-tereat do not feel that there will ever b aay aereaaity for disposing of all tka bond, and whether or not they ar to ha mad convertible into stock is a matter that may . b daeidad latu. Rufue K. Cobb was mad eorretary of the meeting held Saturday sad was authorixed to giv out the following ttemat: "The Priara Consolidated Mining and rimelting company, the Coneolidat-ed Coneolidat-ed Piocb company, tha Nevada-Utah Mine end Smelter corporation and the Ohio-Kenturhy Mining company all hava .agreed upoa the term of the merger to be rilled th Amalgamated Pioche Mine and Smelter corporation. corpora-tion. . "Th various condition, stocks, money and other deta.il have bea worked out to the mutual satisfaction of all concerned, and it remains now but a queition of orrying Into effect the consolidation, all of which will be completed within a few day-" Thi mark a new epoch in th hi tory of mining In Pioche. Th largest interests in each of the companies hav expreeaed their entire satisfaction with the merger, and each hav given assurance that operation ar to b started oa a large seal withia a short tim. Th big Priace mine i to b given aa opportunity to show it true worth within a short a tim it is possible to hav more work don. The railroa di to be extended to each of the propertiee, ll necessary equipment equip-ment will he installed, and aoma sort of a reduction plant will bo decided upon aad built. Th queetioa of a smelter is to he takes op jnet as quickly quick-ly a other matter ar straightened out. A large amonnt of or ia developed in the properties which will have to be treated near th mine. It- baa been promised that a reduction plant would b Installed for thi purpose, which would aaqueatioaably giv th mine a good earning rapacity from the outlet. Some engineers claim that moat of thi ore ran b mad a direct melting product, nd for thia reaaoa something later will develop en the method that ha finally beea decided opoe. |