Show lands the swansea jesse knight now controls this company that jesse knight has purchased a controlling interest in the swansea mining company was shown on sat arday when together with J william knight and R E alien allen he was elect ed as a director of the company mr knight was later chosen as president and mr alien allen as secretary and treas aurer mr knight has been quietly g up swansea stock tor for some time and last week when it was announced that he had secured the control the stock advanced very rapidly the swansea mine is near the new tintic gintic smelter and will be valuable to mr knight for two reasons first because of the fact that the mine can call be made to produce a great deal ot of silver lead ore of a very desirable grade for smelting and second because of the water supply the water in the swansea has been a serious draw back in the past and on account of it ro work has been done for several years below the level now this water ater will be an advantage as the flow is sufficient to supply the new smelter all that will be necessary is for the company to put in pumps large enough to the mine and when the water is brought to the surface it will run by gravity t tr jhb smelter the swansea company has in years past distributed more than halt half a million dollars in dividends and now that the water can be handled withof placing the company under such an expense the mine will no doubt be able to take its place in the dividend column once more the company is capital iced for but shares |