Show SALT tAKERS LAKERS BUY IN SEVEN TROUGHS Thompson and Spalding TakeOver Take TakeOver TakeOver Over Part of Vernon Estate P. P C. C Thompson and Van D D. Spalding ing InC close closed l a Salt Lake Lako syn syn- a a deal for tor a a part of oC the holdIngs holdIngs holdings hold- hold Ings of the Seven Troughs V Vernon ron c cOmpany That had company an opt op- op t q upon three claims and a a fractional I um their principal group but failed to exercise the option opton whereupon Thompson and d Sp Spalding promptly took It I up and purchased the ground outright ht A new company will company will willbe be formed to develop tho the ground to tobe tobe tobe be called caled the Seven Se Troughs Daisy DaiS DaiS' Min Mm in ing Ins company in hon honor r of the Goldfield Dal Daisy of or which Mr r. r Spalding Was 08 thu tho original owner An unusual thing in connection with the Uon is Js a 1 provision Jon made at atthe atthe atthe the instance of oC H. H W. W Knickerbocker original owner of ot t Seven Saven Troughs Troug Vernon ground by which h everyone who has purchased treasury stock of or orthe the Seven Troughs roughs Vernon company will wU receive a 0 share spare of or stock In tho the thone new ne Daisy company for every stock stace held of or Vernon Mr Knickerbocker ma make e this practically a a a contribution tion ton from his own holdings go to o that he ho I cannot he be charged with lack Jack ot good faith in connection with tho the failure of I the Vernon company to exercise the i option opton Tho ground purchased by oy Thompson Thomp Thomp- son sn and adjoins th the famous Bu Buckhorn khorn property upon which h Is a a great re t showing of ot high grade dc ore The Ite Yelp oln upon which c the shw ing Is made male can be traced unfailingly through h the Daisy Dalsy gr ground und jt t Id Bar eal Two shafts have havo been sunk on the vein to the depth of or fifty feet teet and both arc are in ore averaging about 65 63 Cr a ton The Buckhorn struck Its Is high grade ore oro at it 10 feet cot depth A third on another nother vein ehi Is also in good or ore 90 9 p that tho the purchasers feel reel that the they h have YC something better beter than an nn ordinary prospect even for tor Sev Seven n Tro Troughs g s The company to take over the ground will wl bo ho formed during the Iho week weel and It ItI I l the Intention to start an active development de de- de campaign at once |