Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1881-03-05
the FoRMAn SHAFT.
IT n TO m aUNK InMEDIArkLx
A1oo RgET.


The Realty Asssehisg - 10 =. .ss
Prspeesiessss owssrshsP-1 es
Agrseassss Usdsr which work
IL Carried On There.
There has been fled In the Office Of
Of the County Recorder N agreement
between the Overman. Caledonia. Bel.
cher. Grown Point and Seq. Belohsr
Mining Companies. dated April 80. 1879.
from which Il appears that said som.
panies are owners and tenants in oom.
mon Of
First trsct-Ths northsrly portion Of
the Holmes claim; 600 by sss feet. s.s4
acres.
Second tract-Ths sou.hsrly 600 feet
Of the City Of London claim; sac acres.
Third tract-Ths southeast 600 feet
BY ITO feet Of the Thames claim; asa
acres.
On which said tracts II situated the
Forman shaft.
The said parties. therefore. agree. In
consideration OF working. exploring,
draining and developing their respective
mining claims on the Comstock moro
advantsgsously
Fint-Ths said Formsn shaft, ma
chinsry. improvements. etc.. shall be
held by them ~ follows: Ovsrman.
thirty hundrsdths; Caledonia, twenty
Ave; Bsloher. twenty.dx; Grown Point.
fifteen; Seq. Belchsr. four.
Seoond-To Immediately sink said
Forman shaft, OF four Compartments,
until Il shall have attained . depth OF at
lsss. 1850 feet; joint drifts. to be joint
property Of all the parties to the agree.
msnt, shall be run from said shalt at
right angles thereto until the Comstock
lode Il struck therein; said shaft and
| Joint drifts to be furnished with cir
at the Joint expense and the machinery
for furnishing said air and running the
same To be considered % necessary o..
pspsss Of the shalt.
Third-Other real estate. machinery.
wood. supplies, etc., necessary for the
work shall be purchased In common.
Fourth-Ths expense OF purchasing
other lands requisite. erecting machinery.
sinking. constructing. maintaining such
works, operating same, and all OUTLAWS
and expenses incurred shall be paid by
said companies in the proportion OF their
ownership Of the property - above Set
forth in the Arst agreement. such pay.
uent to DO made on or before the 9th OF
each month, and IL not &C paid the party
In default 70 pay interest at the rate o.
~ per cont. per msnth till paid. and II
| NOT paid the party failing 10 DO barred
from the use OF said shaft till payment
10 made.
Fiith-Ali lands. machinery. improve
ments, wood, timbsrs and personal prop
erty hereafter purchased are to 30 owned
In common a. In agreement first above.
each party having the right to use the
same and to run drifts. tunnels. etc.;
transport men, timbers. etc. raise rock,
ore. etc.. and to send through said shait.
drifts, etc., all necessary materials.
The last above agreement 10 modified
by the following provision: When ore
sufficiently valuable to justify hoisting
to the surface shall be developed By
either party or parties. the same shall
DO hoisted through said shaft and
charged for at the following rates: From
depth Of 1000 feet or less sevsnty-fve
cents per ton; from $500 feet up to 1000
81 per ton; from 5000 feet md below
$500 feet, 81 IS per ton; $500 and be-
low 5000. 81 90; 1000 and below $500.
81 70; below 1000 feet. 90 per ton; said
payments to be made a. specified above
for work. materials, etc.
Sixth-If the machinery Of the shaft
shall at any time be found insufficient to
do all the work required BY the parties
respectively. preference shall be given
to raising ore over any other work; each
party 10 pay actual cost for any work
done through said shaft In excess Of is
respective interest. but such party shall
not DO 20 liable except when the said
work 10 carried on within the lines'of Its
mining claim. The agreement for
hosting ore. however. IL to stand at all
times.
ssventh-Expenss Of litigation 10 to
DO borne proportionately.
Glkutu-4 WotAo ~ " "
a. the '.Forman shaft" and accounts
shall be kept 10 the name Of its man
sger. The Presidents Of the companies
to the said agreement shall constitute q
Board Of Control. each 10 have Q vote,
etc. and shall have power to designate
the points In said shalt from which joint
drifts shall DO run. and shall control all
work; companies in default for NON.
payment Of money. during such default
shall take no part In the proceedings Of
the Board OF Control.
Ninth-The agreement 10 not to be
taken or considered 10 altering In any
way any existing boundary lines OF either
party; any party desiring 10 enter into
or pass through the claim Of any other
party between said shaft and its claim
may do 90. outside the ledge. doing said
work itself and keeping It in repair.
The agreement 10 signed BY Geo. W.
Beaver. President. for the Overman and
Caledonia Companies; James Nswlands.
President. for the Belcher; G. l.. Weller,
President. for the Crown Point; Il. +.
Morrow, President, for the Beg. Bslchsr.
and the respective secretaries OF the
several companies. and IL duly scknowl.
edged.