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Show Doolittle Buys I Miller Out of I Leasing Company I .OFFICIALS OF UTAH METALS AND TUNNEL COMPANY ARE ASSOCIATED AND WILL DO SOME BIG DEVE- LOPMENT WORK IN CANYON. H s The mining world of Utah was startled Thursday by the announcement that Peter Miller, the chief owner of the Fissures Leasing Co., who had a ten year lease on the big Pacific mine I lind sold his interest in tho lease to Charles A. Gillette and Tronic J. Gustin, prominent Salt Lake attorneys. The price I paid 1ms not been given out bnt $25,000 mentioned in a Shit Lake article is considered ridiculous, and one official in (he H Pacific Company saidthat it was more likely to be $100,000, H as according to Mr. Miller's statement he owned three fourths H of the leasing company's stock and it is well known that tin; leasers have already spent over $25,000 in opening up the mine! H From another source it is re-H re-H ported that Mr. Dilloway and H associates of Boston, chief H -owners in tho Utah Metal and H Tunnel Co. of Bingham are tho H real purchasers of the Miller H interest. It is learned that Mr. H Dilloway has recently paid two H visits to the mine, that Messrs. H Gilleltl' and Gustin were also H up there two or three times the H past ten days. They also had 1 mi engineer make a thorough H survey, examination and snm-H snm-H pling. An effort was made to 1 get Mr. Dilloway on the phone H but lie had just left for Bos-H Bos-H ton. H Just before going to j)ress Mr. Doolittle was reached ov- H cr the phone at Bingham, and IM he stntod that he is the pur- chaser of tho Miller interest, THhut that officials of the Utah JRtats una Tinmurcorunnra d V Bocinted with him in the deal. " He also stated that he had B some big news that would not jM be ready for the public for two J weeks, but that it would in- EtH elude a big mill to be built iiiil during the summer of snfti- cient eajiacity to handle t?ie ore that would bo develojted. The new owners will push the development work from now on with more vigor and will continue to ship the high grade as it is encountered. Mr. Doolittle is the manager of the Utah Metal and Tunnel Co. at Bingham and was the chief owner with Mr. Miller in the Pacific lease, lie slated that he was not at liberty now to state the price paid for the lease. Mr. Miller gives as his reason reas-on for selling that his health is not good in the canyon and tho price offered looked good so he took it. Mr. Miller said recently that when the fissure was cut it was running about 20 degrees ,casl of north, but that its direction now is 15 degrees de-grees west of north. itrin-icitrnu",nmtr'iixtT"nrii!cis and Durrani have recently located lo-cated a group of six claims immediately adjoining the Pacific Pa-cific and on the present strike of the vein. This valuable property prop-erty has been open to location for years. |