| Show I CLARENCE ON DEAL Cluster of Wealthiest Investors Now Identified With Property HEINZE AND THE BINGHAM Story that Control I Ins Has Ileen Acquired l M h. i Him I I iii Generally u I cell IcI on till Atlantic's hi nt Il ics ic's Slum I I I It hums has been decided that the properties prop prop- r. r of the tho Mining compa- compa r. r ry Shasta ShuRla county Cal In time the foal final ex exploitation x ix o of which not a n few of the country's celebrities s ar to participate shall hall be to equipped el at nt owe once said Clarence Clar Clar- ence eflee n J K aft after the dust of a n journey from Now Nev pw York yoI lund had been hn brushed hru from him anti and ii he hf had hall found tune time to tn rt review It the events l of oC four foul nul months month In iii tin tin- centers of oC finance This equipment he hI added I Is to consist c on lt of nf a battery of tit f blasts with It Im tories m the th matte fl of which the plant I Is productive pro pro- duell to In bo bl delivered at the hit furnaces of or the tile Am American Smelting n. n t company's new 1 smelter to 10 1 be 1 erected at San nun fl-nun out O of San Francisco The TIll plant will ill reduce 1000 tons of oC ore from the lie properties I of oC time the Balak- Balak ala lala company daily anti and thaI this timis will wille lw he e ultimately Increased n I he lie has haR no douht as the measurements of the engineers en 11 all certify to enormous ton ton- nages nases In th the tran transaction by which the he properties were vere acquired by lIy till the pf present resent ent personnel with the tIll American Securities s company an appendage o of cc American Smelters at th tile the head of It It ii the White J Knob nob Interest was vas eliminated ed and while Mr Ir Coram was afforded opportunity to 10 part parl with hl hIt his holdings It L was rejected d by him Mr Ir nick l I also remained with th the lie new nw organization atlon and to hl his ImIs r original holdings a added d d not a f few w shares sharE's with which th the he owners w were r prepared to part lie He has haslie no lie doubt that thaI with It Its c equipment nt In commission the time property will be made mad one olle of oC the time most mot productive of or the wE west 1 Of Bingham Con It Is En generally ra accepted ac tie- copied In the time east a t said Mr 11 that Aug F F. Heinze ha has acquired t control control con con- anti and that In a short horl time hunt it t l will viii willbe be formally announced by him Is expected cx- cx pc-ct pc d In New Nei ew York and Do Boston ton al although although al- al though mm no radical changes In the local administration which has Imas s served r d th the Interests of or the company so efficiently l. are probable JU l what big und undertaking under r- r tn taking the tIme distinguished Montanan is consummating through his acquisitions in this fold field Mr 11 McCornick would not undertake to 0 say y That It Is II a form formidable able one he has imas no doubt douht as It J Js only the formidable with which Ills hits name has hns been a. a associated It lt Is not o unlikely that iha Mr l Heinze wilt will visit 1 lt this a a. short time when ho he will give gLe Ive the In Interviewer interviewer In- In nn an opportunity ippol tu to to print lot aste astor a n ste stor story ry Mr will ivill remain In Salt Lake for fOl some some- time and may he be In Induced Induced In- In to associate himself with other undertakings that Involve c Utah Inter biter e ests ts He lIe 1 denies nl s that there Is foundation for or the s suspicion that h lie ime I Is l Identified with time the Cole Colt negotiations ne In this tills state or that he he knows anything of overtures that have been Nm poked at atthe atthe atthe the I King Eing Grand Central and Victoria i |
