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Show TWO MILLIONS FOR KELVIN CALUMET Lcwlssohft Deal Involves Much Money Now Property of Roy Central. The transfer of the property of tho Kelvin-Calumet Copper Mining company com-pany of Kelvin, Ariz., to the Lewisshon brothers, under the name of the Kay Central Mining company, Involves a larger amount than was at first expected. expect-ed. The sale ia one of the largest ever made In the territory. The prlco aet in the bill of pale which was recorded re-corded with the county recorder at Florence, Ariz., last week. Is stated to be $2,000,000. i The terras of tho contract by which . the Property is turned over to the ; new company aro that the Iwlsshon 1 brothers are to spend $310,000 on the development of the mine thhs year. At the end of the year. If tho development develop-ment of the mine shows the returns . called for In the specifications of the j contract, $1,000,000 more will be ad-I ad-I vanced by the Lewisshons for the ea- tablishmont of proper ore dressing machinery ma-chinery and the mine will then become the property of the new company. Tho ' name of the mine will be changed to ; the Ray Central. ' The old stock of the company is taken over 'at the ratio of five shares j of old stock for one share of the new corporation. I The deal was closed after ncgotla-! ncgotla-! lions covering a perloa of three i months, during which time numerpun ; examinations were made of the prop-: prop-: ertv. Adolph Iewitshon recently visited the properly, and after a careful care-ful examination he decided to take , over The property and the Kay Central was then formed, j The property consists of a group formed in 1904 by the amalgamation of the Calumet claim and others, V. T. J i Smith and J. YV. Walker of Fbeonix I being Interested In that property. The I Kelvin-Calumet company was formed with W. R. Twitcholl in charge, Ihough the large Interests connected ' with It were represented mainly by W. E. Sharpe of Philadelphia, 6. A. Turner of Baltimore, Hen Hazen. J Thomas Dyer and a Mr. Schamberg of j Philadelphia, i i |