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Show OPTIOX DIXIT, fiUOXTP. 5000 pald-Tiie Mine to be thoroiy DoveSopcd. Jean F. Webb, of the syndicate that has secured an option on the Dixie Group, accompanied by W, B. Mc-Dougall Mc-Dougall a California mining man, arrived ar-rived in this city from Salt Lake Wednesday. Wed-nesday. Mr. Webb was seen at the St. George hotel by a representative of this paper and said : ('I recently returned from St. Louis, where I had been to confer with my associates, and paid down 85,000 cash in Salt Lake City last Saturday, this being the first condition under which we secure the option. We will decide within the next sixty days whether wg will obtain possession permanently or not. If we decide to buy we will proceed pro-ceed with tho development on a permanent per-manent basis, Wo have unlimited capital, and are in no hurry to realize or try to make any profit, because we feel that the proper thing to do first will be to thoroiy develop the ore bodies before deciding upon the character char-acter of plant to put in for treating the ores. If the mine proves to be what we expect, we will put up a smelter with a capacity to treat at least 500 tons of ore per day. We will alfio buy and treat ores from the surrounding sur-rounding mines, and thus create a home market." |