Ogden Daily Standard | 1907-01-12 | Page 4 | Newhouse Complimented

newhouse complimented by dispatch from boston samuel I 1 newhouse was that he was r considered the most likely candidate i tor the position 0 president dent of the mining cappany one 0 the most talked of properties in district mr newhouse re said that chedid not know at present whether pr not he would accept the offer he admitted that he owned stock in the company and that the present administration needed reorganizing reports recently made by experts on the claims bald mr newhouse show that with careful development and expert knowledge of the mines the property can be made to belld from to a month this Is a big thing and requires big changes machinery is necessary and a great amount of money will be needed to bring the mines to the tore but it will be money wisely spent AS far as I 1 know condition at the mines necessitate a smelter on the ground the sinking of at least three new shafts and considerable crosscut work mr newhouse Is president of the king edward mining company operating near the and is familiar with conditions in the cobalt district it Is likely he will accept tho offer of the presidency of the company