Show west manganese lease purchased by mccoy from a reliable source it Is learn ed that the lease on the west manganese deposit owned by 10 lo cal people has hap been sold to james mccoy who wa was s on one e of t the e original owners of 0 tae the lease orthe oi t famous manganese depos it frn las vegas nevada n now 0 r rai q u 1 g m more 0 re ore than any e r i g a nese deposit in the Untied States the owners of the West deposit ate james morgan B F fleaner frank cro mar and rasmus nelson last fall they leased eased the property to mccar thy wright williams who have already shipped three carloads of ore now comes the news of the transfer of the lease to mr mccoy who is thoroughly familiar with tho the various phases of the mining and marketing of this metal the price which mr mccoy paid tor for the lease has not been made public the west deposit is said to have a width of 37 feet and the ore is of very good grade the chief drawback to the rapid development of the mine Is the great distance from the I railroad the cost of haul ing the ore being about 9 per to ton n mr mccoy expects to reduce this ex pense by purchasing a traction en gine and trailers he will also in s stall tall a small hoist and a pump as the ore is making down below the water level in the mine this will mean the expenditure of a large sum of money but he is confident that the present showing ju justifies going to this expense |