Deseret Evening News | 1906-10-20 | Page 6 | May Consolidate

MAY CONSOLIDATE Big 1 f Is E to IC In ii I or of the tho board of at dl rectors ot of time tho Nevada Nevada Consolidated ad and the tho Cumberland my lily companies have In an agreement to 10 the effect that the lily Ely Co wi will have havea 0 a halt interest un In the Iho 00 reduce ton lion works to hO hi bui built bt the Nevada Consolidated The oleo also Tie agreement pro video Ides Cor or a halt ownership In Iii the tho Nova Neva itt raIlway which ron roaul was built by the Iho Nevada ConsolIdated Co Is i regarded by many 11 as the first step I in time tho ultimate ot of time to propertIes both ot of which 1 tue 0 I controlled hy by the GUgg I Stone Co ot of Boston make I tho rho rolo InS t Ing the deal The Tho Nevada Consolidated and Cum Cumberland borland berland E lily Copper companies have ado final arrangements to 10 build I a I Joint anti smelting plant owned by each company for tor their at hy Ely Nes Nc The Tho Cum Cumberland i borland berland fly Ely Copper company haf ar arranged I ranged to 10 a merest Nevada Northern tn in the Iho by time the Nevada da running front Cobre u a staton station on time Souther Southern raIlroads to 10 their mInes at Ely Since time Guggenheim Interest interests 10 no a controlling Interest In im both the above companIes has hns been rapidly which has resul result resulted ell ed II in further increasing the tho already enormous tonnage ot of ore exposed Several monthA ago eight square ot of territory and water enough to 10 treat at lend least 2500 tons or of ore without were seure at McGill about 20 mIles from the mines at at Ely Elyan Elyan an dorm don timo Iho Ino lIne of the tho to Co Ce Cobre Cebre bre All 1 time the ranches and Iller water lii In the tho vicinity have havo been purchased which will obviate any further troUble arm arle arleIn In lag from luls cults growling growing out or of smoke damage or pollution to water as ha has been the calo case inn In the nUlo and Utah copper districts I It II is proposed to organize n it smelt smelting Ing compan capitalIzed at und and to build u a thoroughly modern and concentrating and smelting smelling plant nl not only for Nevada Consolidated ed cd rind l Ely ly ores but to 10 handle custom ores In the district a awell as aswell well FinancIal have already been completed to take taka care caro ot of otI It plant anti to finish the tho I manner raIlroad and equip it In a most malt thorough