Show VH OUSE i Uti HEADS hEADS GREAT I Uta Utah's s 's Foremost Mining Man I II I Chosen President of Cobalt I Company GIVEN ABSOLUTE CONTROL To I Hun Entire Management laJia 01 of Properly Prop erly II With Carlo to Blanche n as to Policy Samuel Newhouse has hns been chosen president nt of or the UIO great Mining Min Mm- In ing company compan whose sliver silver properties at Cobalt Ontario have ha for months past vast b ben bejin n the tho talk tall of the world Mr Newhouse yesterday received ul notification b by wire ire or of election to the important position and during du the afternoon man many messages os if nf congratulation camo canio from th the tho foremost foremost fore fore- most financiers of the East I While indicating that he hc would accept accept ac ac- ac- ac the position In fact that ho he felt folt highly honored on account of the tho J re recognition ye- ye cognition of His abilities as QS a mining ma man which It Implied Mr Mi Newhouse sail said In last t craning c that he ho would not eJ to outline the tho policy that he hc would puis pursue o e In the management of the property until after he had bad personally personally per per- inspected it hall can a canvassed ed edthe the situation with his experts What hat has no doubt an important consideration in In inducing him to acCept accept accept ac ac- ac- ac the l CO was the a assurance urance g given cn that thai he would have entire charge and ancl control ol of the operations including control of the he positions of treasurer and assistant secretary In other words Mr Mi Ir e e is given carte tC blanche as ns to the policy polley of of development develop develop- ment mont mind and management of what In Inmany Inmany Inmany many respects respect is the lie most wonderful mining property of oC all any age While hile this marked recognition Is In Ina Ina Inn a n sense e a a. grout groat compliment to Mr Mi c there thero will b bo be no doubt In Inthe Inthe inthe the mind of an any mining man of or the wisdom of or the be choice and the tho good Judgment displayed tl in making his power IJO absolute lIe He has proven himself him him- self one cite who sees a little further Into the ground and into the future tul than th the average mine mimic manager at the same time Lime pos possessing c a combination oC of conservatism and ancl business daring which always wins ins l Master In Stroke Sti for or I lg His Ills selection li is r recognized as a n master stroke for OJ t the e corn oom- m- m Jm j S COllit Coimi 1 cd oh Oll 5 Ti i jo I joy r. r y NEWHOUSE HEADS GREAT Continued front from rom pago O 1 I. h pan flaTly which just now i is in a position where it needs the boost t that will be he given n it ii to have hav the word go out that a i 1 real ral mining man Is at It its head is owned by large It h Wall Wall- Wallstreet street trel Interests an and Its Us brief history his hl- 1 tor tory is well known to the public by p sensational finds of or ort I reason a- a aon on first of Us its nearly pure silver in a country theretofore there there- t the horn home on only I of or lumbermen tY rr and anti farmers Carmels and later b by the peculiar pe pe- pe- pe L. L culiar cullar deal in which the ij sacrificed two millions and a II half hair ini in third one or of orI orf forfeiting an option upon i I f the he company's capital stock for or which they were pledged to pa pay 25 25 a II share i been Several Reveral fortunes have thus 7 I made and lost in tho the few et months since t the lie remarkable property was waa els- els Is- Is I. I T Is no rio doubt douht that it covered and there era eraIn erain now nots starts upon an nn entirely new nels' will wili be In it Its hl an tory an era which characterized d by bu s management management manage manage- all there 1 ment and the de development of or in as brief a time is In tho the property I. I be consistent with good min ruin mining as may under Mr ing That it will be run mining os o's administration b by men rather than b by frenzied Inane doubtless doubtless doubt- doubt also without saying It Is goes less Jess true that th the future record o of the will bo be watched with mot mor properly Interest than the he record of any other othel mine in tho the world worl has ever bc been en fol fol- lowed cL |