Show NEWHOUSE IN MERCUR j I NOT FOR FIRST TIME TIMES S Return of Magnate to Old Camp Is Especially Sig- Sig AWAKENING FOR DISTRICT Merger About to Be Launched r Means New Era of De Development DoS Do- Do S S S 1 e That ihal lit tlc the old Mercur district Is to o iv 1 have c a real awakening there seems S J no i doubt t In view Ie of the consolidation of ot a number of oC properties there with Samuel 1 e at tho the hea head of or the 5 of Mr 5 con consolidation o In th the house e from front the city cily nothing Is given ell i out concerning the plans of or the new company lo to bo lie lo formed with the exception that it IL will wil be he capitalized S S for foi shar shares that the treasury stock will wi be placed on the market at atE E 1 1 a share anti and that the stock stuck of the Ingot n ot company will wil be le taken In exchange ex ox- 1 chan change o for that of the tho now nw company S on fl the Iho basis of Lt two o and anel a half for fOI one C. C II H. I. I of or this his city has he been n char charged 1 with tho ho task of securing the i control of In Ingot ot stock on this basis The Thc control has already been heun secured MY rr r. r GrUHn says s but hut he hC regards ho-regards It I as asI asno asno I no 10 more moro than ju just t ihU tho the offer I should bo be lo extended to tn all al shareholders S ers CIS wh who may desire to come in He lie Helias hug hiss accordingly extended for ti u few ew da days halS s 's lon longer el the lime in which the exchange ex- ex f chan change chanc e may be bo made The properties Iles to be taken laken into they the tho li y JI merger CI aside from the Ingot ngot are aro alo the I Golden Ga Gao o F Extension tn lou the tho Florodora t the Hercules and the Grm It I l is inIS in- in IS to 10 note nole in this connection that tho thu Golden Gala Galo I Extension was wasS was'S waso I S 'S o 5 ono no of tho tl first t ventures with wih which S Mr 11 was a associated d after he lie came to Utah He sank a shaft shafton shaf on 00 this thi property to catch the tho Consolidated Con Con- L f. Mercur vein but lut ut when it I had reached the depth of eighty feet Ceet feetS S ho abandoned It It The veins of tho the Mercur district areS aro are S hu huge e blanket veins cO covering a n large largeS S territory the lie full ful extent of Is yet ct unknown The ores oreg are low grade au refractory and tho the tics of treatment ad the tho comparatively l large ule expense of or getting mines on on a r pa paying basis have caused mining men mento mento to the tho for districts pass pas up camp where smaller bodies of hl higher grade 1 ores was the tho rule Out But the Consolidated Mercur and j J tho the Sacramento companies have ha r f solved fol ed tho the problems which seemed to 1 stand bland in the wa way of success and the district now no has the reputation of a aS S sure time long long producer of or the yellow yel ellow el S low metal mota I. I The Tho return of or Samuel S Newhouse to the district he lie once abandoned largely abandoned largely no doubt douht upon the thc advice of men whom he ho regarded as better informed concerning Its Is JOSI possibilities pos pos- I- I i. i than he ho was at that time ls Is tho the most si significant of recent events y showing showing that the tide of greater dei development de do- i has set In wa Mercur |