| Show COMBINE BUYS i I SELMA 3 Cutlers Knights and Carter I Take Over Promising TinI Tintie Tin- Tin I I tic tie Group l ON NORTH COLORADO ZONE I Company Has Tunnel in F Feet Nearing Large Vein I It has ha of or late Into been not unusual for tor strong crowds to sock seck control of or Tintic m mining ining companies own owning ng attractive ground but for Cor a n syndicate which Isa isa Is Isa a combination of ot three strong crowds crowd to take tako over oer control of ot a company Is not hot common That Is what was done dono yesterday when tho deal was a closed i which turned over to T. T R. R Cutler H. H I. I S. S Cutler J. J O. O Carter and a n Cuter representative of ot tho the Knight Interests control control control con con- conI I of ot the Selma Consolidated Mining I company compan which owns a n group roup of ot ten I claims about two an and one-half one miles mies north of or the Colorado Colorado mine and ItIs It ItIs I Is tho northern extension n of tho the Colorado ore one The Cutlers Carter and associates cs and tho the l Knights had for tor some time le lere been endeavoring separately to figure re reut out deals for control of the tho Selma but ut neither crowd was waB enabled to close e. e Finding that they could accomplish sh I nothing working a against each other r thc they finally agreed to get together and id the deal was waa soon put through The he company Is capitalized for 00 shares par value 20 cents cent a 0 share c. c The stock is selling on tho tile market et close aroun around par but the price paid pale Id for control is not given out out Control olm ol was in tho the hands of L. L C. C Peterson m Cuthbert L. L Olson and associates Reorganization of or the company has as already be been on accomplished with wih T. T it U. U Cuter Cutler president L. L C. C Peterson vice ice president H. H S. S Cutler treasurer J. J O O. O Carter secretary and W. W G. G Hunter er additional director Seffi le the tho Consolidated company company com corn pany has haR not been creating much commotion com corn motion moton It has accomplished not a 0 littIe lit lit It- l- l tIe to In tho the a way of or development development It I has ha a tunnel In lU SOO feet feet with wih only ily feet further to be driven en dri to goto getto go get rot Pt to tho the big vein eln On tho the surface this thi Ills vein Is 40 feet teet wide and a shaft ha sunk feet on the ore has ha been continuously con con- In material carrying low values values in gold lead and sliver silver Five additional surface workings are aro in ore re two of or them In hl high h The tunnel tunnel tunnel tun tun- ml m- m nel has cut two or three thre veins and l a ains crosscut crosscut at it feet teet In tho the tunnel ha hns ins encountered encountered a typical Tintic cave H In iii Inre which are Iro arcT streaks of ot high grade oreTho ore re Tho Tim property Is well wel equipped with will wih machinery operated b by elec electric r cs power and with suitable mine buildings Itis It I Is t said In factS fact that c close to has hns boon been In u nd It ls 1941 intention othe o or the tho new owners to pl h development upon broad bront lines the move be being ng ot of course to send tl the tunnel on to tom enl the tho big vein cin where it I Is Important important Im- Im m- m ore bodies will win be opened |
