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The Pioche Record from Pioche, Nevada • 1

Publication:
The Pioche Recordi
Location:
Pioche, Nevada
Issue Date:
Page:
1
Extracted Article Text (OCR)

EVERY CITIZEN Of Lincoju County should read the Pioche Rucord; because It print tte news and It is your Hoice Paper. ESTABLISHED SEP'T 17th 1870. Vh A Tsz: Ohio Kentacky Control Passes To; Mevada Utah Company Godbe Interests Psdiased And Mines That Been For Years Will Become Active. -Again-Water tonipaoy le Merger i PROPERTIES IN AMALGAMATED PIOCHE I i Consolidated Picche, Ohio Kentucky, Greenwood, Manhattan, Half Moon and all Nevada Utah mines located In Pioche and contigous dis- tricts. Also, the Pioche Water company.

The Utah properties own- ed by the Nevada Utah, located at Newhouse and Bingham to be retained by the Nevada Utah corporation. The Picche road and the Day-Bristol Mining companies will remain as separate corporations; but will be closely allied to and operated under the same management as the Amalgamated Pioche Mines Smelters corporation. The amalgamation comes effective August 1, from which pany. The foregoing ia the net resuH cf tho deal, actuary coiisummaiea Salt Lake In liie early pare oi urn week between Lroett it. wooiiuy, Smelters corporation, and A.

E. L. and M. C. Codbe, oitklas of the Ohio Kentwy Mining- company.

A controlling Interest in tho iat.1. named corporation and ihat tuv ries with it a control of the Consolidated Pioche Mining and Pioche Voter companies passed to the Nevada Utah Mines Smelters corporation last, Tuesday when th-Godbe interests delivered 300.COO shar es of te Ohio Kentucky AJr. Wool-ley and presented their resignitlons as officers of the Ohio Kentucky and Consolidated Pioche; togethtr with that of Cel. Jaints L. Hatlttti, ol Louisville, who was tho Urge-it individual shareholder in the Ohio Kentucky.

In exchange for their stock, tht Godbe interests drew down $25,003 in cash which wa3 deposited ir. a Salt Lake bank by Mr. Woolk-y, togethtr with notes of the Nevada Utah company aggregating $125, 000 which become due November 1, and 100,000 shares of stock In the Prince Consolidated company. With the passing of the control of the Ohio Kentucky and Consolidated Pioche, the camp of Pioche will get a new deal and the elements which have contributed to put a brake on prosperity hore In the past have been completely and effectively removed. There are no longer any conflicting Interests to interfere with the free operation of several of the richest and best prop erties In this camp and nothing now stands la the way of carrying out THE Amalgamated Pacific rail- uie plans of tue Amalgamated i i-t ohe Aiiues' Sinelterd corporation, Wodiiiised several months ago, whitir in to absorb all of the merged min- PAR.ii.EK iN SALT LAKE Chief Ensinetr Parker wUa ca.kd to Salt Lake lust Munday on rectipt ci a nled'am nvm i-ressiuts'-t iy mid, following the actual of lao ueai vith tue iiatr Mechanic s.

'1. Whituoy to get the machinery at No. shaft of tho Consoiidaed Hoche in readiness to go into commission. This, Mr. Whitney is now doing assisted by a competent corps of men.

Mr. Parker has placed an order for coal aud it is expected that the property will be in shape for business by the end of next week. Mr. Parker returned from the Utah capital yesterday and when seen by a Record representative declared that a very active campaign would be sUrted at No. I shaft withouti delay and that at least two, and possibly three, shifts of men would be put oa as soon as Master Mechanic Vhitney has the equipment in readiness.

"I am very anxious," declared Mr. Parker, "to get into the Black ledge through the old Raymond Ely drift as soon as possible and when that is accomplished we can- then determine on future plans for the handing of the immense ore bodies which that asset of the company Is said to contain. It will probably take us thirty days to reach he ledge afKr we get work under way; yet that will largely depend on how serious we rind the caves in the old drift. But you can rest assured that we going to push work at No. PIOCHE PIOCHE, NEVADA, SATURDAY, JULY 22, 1911.

Pioche with all the vigor possible and will give employment s'. start to a force of probably 20 men; which will be about all we can convenieutiy handle until the Black ledge is gained. It is planned to carry on a very outrgetic development campaign and to place the mine on a prouuc'titg basis as speedily as we can." ORE TO Bli BHIPI ED There are some immense bodies of ore exposed and actually blocked in the Ohio Kentucky and Greenwood mines and Mr. Parker imparls the information that 250 tons will be shipped from these mines at once tj the United States smeller fur testing purposes; that from the original Ohio Kentucky to come from the Susan Duater shaft. PIOCHE DELIGHTED WITH RESULT OF NEGOTIATIONS The closing of the deal was hailed in Pioche with supreme satisfaction.

The long faces have dinappeared and everyone you meet on the Btreet now displays a demeanor which portrays "The camp looks better to me now than it has for ytars." manv wore. heard to say. Business men" and others are encouraged beyond meas ure over the outlook for the fut ure and for a "Greater Pioche." A TRIBUNE STORY The following concerning the closing of the deal is taken from the Salt Lake Tribune of last Wednesday: Control of the Consolidated PinchP and the Ohio Kentucky companies was turned over on Tuesday morning as per schedule to the Nevada Utah interests represented by dent Ernest R. Woolley. The resignation of Murry C.

Godbe, Anthony H. Godbe, Ernest L. Godbe, James L. Hackett and the Work In ferrets of Cincinnatti as officials and directors of the two companies were submitted and accepted, and the Nevada Utah interests through President Woolley, thereby accomplished something which has been attempted vainly by all previous managements since 1876, the acquisition of this niintral territory. Having consummated the deal, Mr Woolley's next step will be to bring those two propositions, with all the other Nevada Utah asseiii nt Pinr-hP I within the Amalgamated Pioche com-1 pany's ownership and management.

He stated to the Tribune Tuesday morning that the happy consumma tion of the deal means the opening of the Pioche. camp along a gigantic scalo and the opportunity for first time for Nevada Utah stockholders to secure a legitimate and genuine return off' their investment based upon' the proper exploitation of the property merits of the When, the plans are fully rounded out, the Amalgamated Pioche company will be the owner of over 1000 acres in the heart of the camp, a territory that has produced in excess of $20,000,000, including the famous old Raymond and Ely mine, which within one year paid out about in dividends. This old mine thereby tained the distinction Oi having paid in diviauuus Uiilu any one year the greatest aiuouut i-money ever distributed by a eilvei producing property with, the, except ion of the old Comstock. 'lhe enormously rich ore shoot froh winch ail "this fortune was wrun has never been mined below the 9J0-foot level of what, is now known ao the Consolidated Pioche No. 1 shale This- shaft is 1300 feet in depth anu Mr.

Woolley states that work will be started today in this triple-compartment shaft to develop the noted Black ledge and othr rosourcls deemed certain to exist. The parties to this important deal met and concluded the negotiations with the best of frle.uily ivl.itioni.and the Godbe brothers, ail tho more established their ownership of tin; noted Prince Consolidated propiriy, wil. join the Amalgamated iciie interests in a campaign to develop 'deeply boundary lines. GIROUX BLOCKING OUT LARGE BOUifcIS OF ORE The 1400 foot level of the Girou from the 1200 foot workings, where, development work is proi en ding rap- idly. Drifts have been started both to the cast and the west al ing the new ore bodies recently strin to the south of the tld Alpha workings, and it.

Is understood that all ore taken out in running tho drills of splenidd grade, carrying much native copper. The 1200 foot crucut from the Giroux shaft has been continued on in the same northern direction, and has now passed tha old workings of the old Alpha a distance more fban 50 feet, and is still faced in ore', which would indicate that the ore bodies In that section of the prop erty are far more extensive than was demonstrated, in thu o.d workings, The old workings have cleaned out, and are now being and assayed that the management may have more thorough knowlegd'-i of the ore bodies and their average values. This work will ston Le rnpr6ted, when work of demonstrating and blocking out the ore bodies will be re sinned after a lapse of morn than three years when the work was suspended owing to the caving of the Alpha shaft and the flooding of the mine. The 1400 foot crosscut Is now experiencing much diflculty, owing to the heavy inflow of water and the soft ground encountered. The ground RECORD Is so soft that It is necessary to drive 6x8 spiling on the top and both aides of the crosscut, and even' then the work is progressing slowly on ac count of the tremenduous Inflow of water, which averages about 650 gal Ions per minute.

It Is expected that after a few weeks the ground above will be pretty well drained, after which the work will jirogross more rapiaiy. The crosscut now lacks less than 300 feet of being under the old workings of the, Alpha, but the first ore body will be cut within 125 to 150 foet. Some splendid ore, literally full of native copper, is being hoisted from the drifts along the first ore vein south of the Alpha shaft on the 1200 level, which are now being crowded along rapidly. Ely Record. coMifiCH Imm mm SULPHIDE ZONE Prom D.

R. Low, general manager of the Pioche Coalition mines, it has been learned that water has been struck In the shaft at a depth of 640 feet. This is what the management has'been looking for as it puts the workings of the mine into the sulphide zone in the Golden Prince mine. BALAKLALA SMELTER BEING DISMANTLED CORAM, July 19. This smelter town will soon be a thing of the past.

The smelter is being dismantled, and all the machinery of any value will be shipped east for sale. It is now being coated with grease paint, for shipment. Where a short time ago there were 850 men employed here, there are now but 50, aud soon there, will be nothing left but empty buildings. The Southern Pacific has discontinued its night service, and the postoffice will soon shut up, no doubt.as there is nothing to support the town now that the smelter Is closed. The Balaklala Copper company started the operation of its smleer here In 1900 and spent a million and a half on it.

Two assessments of $1 and $1.50 have been levied on the stockholders, and no dividends have been paid. Recently $300,000 was spent to install the Cottrell system of fume control to prevent damage to vegetation in the surrounding country. This system was a failure, and the courts ordered the operations to cease. As a result July 21 will see the order in full operation, for by that time all the ore will have been smelted. After that four watchmen will be all the men employed by the company.

Nevada Con. Dividend The Nevada Consolidated paid its usual quarterly dividend of 37 cents per share on tbe first of the month amounting to more that three quarters of a million dollars. RELIABLE NEWS The Record Print the Newt of the Ploche Mining District and the Only Medium where you get it straight VOLUME XLI; NUMBER 45. GOOD ORE CONTRACT FOR THE HEM John R. Cook, manager of the Mend-ha mine, returned from Salt Lake several days ago where went to consult the smeltlne comnauien rl- ative to a contract for 'Uendtia Mr.

Gook states that a contract will probably be closed with one of tbe Utah concerns upon a basis which win save the company between threo and four dollars per ton as compared with any previous contracts. bpon this plan. Mr. Cook savs. the company will not find it necessary to erect a mill: but the entire out put of ho mine will be shipped di rectly to the Utah furnaces.

Both the railroads and the smelters are showing a disposition to encourage the mining Industry of the camp as they never have done heretofore. EASTERN WHITE PINE MAKING GIANT STRIDES D. States, who is in chare of d- velopment work on the original Black-horse group of mines at Blackhorse In eastern White Pine county, spent a couple of days in Ely during the present week. There is not much do-In on the property at the present I www UIIV1D I 111 ailU OUI1 and 1). Austin Brown of Boston, who aro largoly interested in the Dron- erty, are expected to arrive In the district in the near future, when a- campaign of extensive development work will be mapped out In earlv days following the discovery of ore on the Blackhorse, some remarkably rich gold ore was found, which went several thousand dollars per ton, and since that time considerable ore of a splendid grade was taken out which paid well worked through an arrastra by Tommy Watkins, the discoverer of the property.

It Is expected that the new owners of the property will go to the deep by a working shaft, the location of which has already been selected be Mr. States. Tbe Amalgamated Nevada has start ed a working shaft on its San Pedro claim at Blackhorse, which will be pushed down as rapidly as possible. The shaft is located 250 feet north of the lower tunnel, and will cut the lead at depth. The company also started a working shaft on Its California claim, which Is now down is running ten hours out of twenty-four, and Is said to be giving very satisfactory results.

The ore. treated at the present time averages about $18 per ton, and is free milling. The Ohana Company operating property near Sacramento Pass has commenced the sinking of a working shaft on one of Its properfles, and Is also doing much other 'develo'p-ment work. AoOta frnn above there Is also considerable doing in a mining way by Individual owners with the result that about 150 men are at work In the district Ely Record..

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About The Pioche Record Archive

Pages Available:
15,239
Years Available:
1872-1922