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Show Pitt MERGER ISJSS1ED During the past few days there have been a number of sessions held in TxHiisvllle by prominent Ploche mining min-ing Interests, tho purpose of which was to bring about a consolidation of several properties in the camp mentioned. men-tioned. Among thoe attending this series of meetings was Ernest R. Woolley, president of the Nevada Utah company. Tbere also were there Ernest L. Oodbe. Anthony II. Godbo nnd Colonel James L. Hackett, all officials of-ficials of the Consolidated Tioehe and Prince Consolidated companies. It was reported from very gfod authority au-thority on Thursday that these interests inter-ests have reached a definite agreement, agree-ment, and that the scheme of consolidation consoli-dation soon will be divulged to the shareholders of the Nevada Utah. Consolidated Con-solidated Pioche and Prince Consolidated Consoli-dated companies for their approal or rejection Those who have been attending at-tending these meetings havo departed' depart-ed' for Nevv" York to close up the final fi-nal details of the deal. So far, there has been nothing dis. closed tending to indicate the basis of this merger. It is supposed, however, that a new holding company will be organized, and the mines mentioned, with the probability that some of the other Ploche groups of a prospect lc value will bo Included, placed under one roof over whose destinies Mr. Woolley will, in all probability, preside pre-side as president. The Nevada Utah company Is capitalized for l,5ftO,ono shares of stock, 1,401.100 shares of which are Issued. Mr. Woolley and associates as-sociates are credited with the ownership owner-ship of the control. The Consolidated Tioche company Is capitalized for 500.000 shares, of which 400.000 are Issued, tho Nevada Utah company and the Godbe-IIackett and associate Interests In-terests each owning exactly onehalf of the Issued stock. The Prince Consolidated Con-solidated company has l.ooo.ooo shares of stock, 000,000 shares of which are outstanding. After nivch sparring, backing and filling, it looks as if the old Pioche district is to enter into Its own again.-i There are few camps with a history so punctuated with disasters as Pi- i oche, fate seemingly taking the great- , est delight In mocking the undoubted undoubt-ed magnificent ore tonnage now developed de-veloped in the mines above mention-ed mention-ed byj placing every conceivable difficulty dif-ficulty In the way of their being realized real-ized on. The camp for years has needed need-ed capital to place the mines in shape for production. Capital refused refus-ed to come until the camp was connected con-nected with the world bv a railroad. To cap It all, the floods of the first of this year put the railroad line out of business for many months. There Is eery reason to believe that the big interests which have secured se-cured a hold on the mines of the district will now proceed to the erection erec-tion of concentrating plants and a smelter, and that Pioche has passed through the last stage of its hard luck era. |