Ogden Evening Standard | 1912-02-27 | Page 4 | Pioche Affair is Being Cleared Up

PIOCHE AFFAIR IS BEING CLEARED UP The Plocho Record has recolvod definite def-inite news from the east regarding the untangling of the complicated Novadn-Utah Novadn-Utah affairs, and it has the following to say about the Ohio-Kentucky ond of this matter: It will bo Interesting to readers of tbo Record to know that tho claim of tho Godbo iptorests for $125,000, which camo about through tho merging of tho Ohio-Kentucky Nevada interests In the Raymond & Ely and other properties prop-erties and the formation of the Amalgamated Amal-gamated Pioche company Iiob been settled. The Godbo Interests havo agreed to buv bach $125,000 worth or stock in the Ohio-Kentucky, and while this block of stock will not give thera control of the Amalgamated Pioche. thoy will have at least two representatives represent-atives on the board of directors. By roason of the settlement of this claim, the Godbc Interests will release tho securities placed in their hands as collateral for the payment of tho $125,000 Novadn-Utah note and which was executed by the Woolley administration. admin-istration. The collateral consisted of all the stock 'of the Pioche Pacific Railroad company nnd ono-hnlf tbe issued is-sued stock of the Day-Bristol Consolidated Consol-idated Mining company. Practically every othor Indebtedness Incurred by "Woolloy hns been adjusted or liquidated liquidat-ed In one way or another. This Is all good news and with the Prince ConfoIJdated railroad now building, the resumption of operations at the Prince mino upon a much moro extensive scalo than at aav time heretofore, here-tofore, the plan of the Plocho Demijohn Demi-john companv to Increase Its activities, the probability of the Plocho King! Pioche Motals, Mendha and other rainos starting up again and with tho Day-Bristol, pioche Coalition and oth-ors oth-ors putting on a bigger head of steam i the outlook for tho future of Plocho ! at thlB tlmo is Indeed bright. - .