The Pioche weekly record. [volume] (Pioche, Nev.) 1877-1900, 1892-07-14
The M,GNOLIt sOLD.
One OF the Ronanzas Of FerRuson
Di.trict Disposed OF for n Good
Round sum.

Jas. Hutchinson returned Sunday from
his trip to Ferguson, having accomplished
the object of his trip. viz the purchase
OF the Magnolia claim for himself and
Mr.. Jno. Sevenoaks. The whole claim
is disposed of for S52, 800, payable as
follows: $1,000 on or before the first day
of August; $4,000 ninety days thereafter,
and the remainder in six months. The
purchasers take possession of the prop
erty on making the first payment, and
may work it as they see 6t, but no ore
is to be removed from the premises until
the whole price is paid. The buyers
propose to take possession before the
month is out and to put force Of men
to work at once. If this is done the true
value of the Magnolia will be determined
long before the second payment becomes
due; but if present indications hold out,
the mine will pay for itself long before
the time for the second payment arrives.
This transfer is the most important one
which has taken place in the new dis.
trict and means much for that section.
The old Magnolia owners will devote
their time and part Of their money to
the development of other promising
claims which they own in the immediate
vicinity of the claim sold
MINING MENTION.
A gold brick weighing 500 pounds and
worth $4,000 will be exhibited at the
Worlds Fair by Montana. mine owner.
The suit of James Hutchinson against
Grin Reed in the District Court to COM
pei the conveyance of eleven twentieths
of the Summit claim in Ferguson district
has been settled; the defendant deciding
over the interests demanded.
Jas. Hutchinson and Manager Jno. G.
Esmes went down to Ferguson last night
on business connected with the transfer
Of the Magnolia claim. The purchasers
are expected to take possession in the
next three days. Manager Eames is said
to be interested in the deal.
The transfer of the Magnolia claim will
quicken the interest in that section.
Though the weather is warm and water
scarce, materials of all kinds continue to
20 out. Frank Mcmahon with his four.
horse team makes two trips q week,
loaded to the guards with freight.
Considerable attention is attracted to
discoveries recently made a number Of
miles south of Ferguson district, where
some groupings rich in gold were recently
found. It indicates the possibilities Of
that section of our county to be greater
by far than yet dreamed of. We hope
). to be in possession of particulars by mex,
week.
A. Keyser and J. Hunter spent day
here after the Fourth, then went back tt
Ferguson, from which place they re
turned Sunday with news of big STRIKE
on claim of theirs directly in Helen
township. They left the same day t
g begin development work, the find bnin
4 in groupings which before were passe
o unnoticed.
Suit has been entered in the Distric
Court by w. E. Griffin against Jane
McFadden, Henry Demo and job
Savior to recover possession of all ths
portion of the Great Eastern mine
Bristol mining district, known as tn
Gypsy and the Free Coinage niue. an
for writ of injunction to restrain d
PENDANTS ftom removing any valuabl
It earth or material therefrom.
IL The tunnel on the Summit claim
IL Ferguson, belonging to Samuel Reed an
IL Jas. Hutchinson, is now in about Is
feet. From the second of June to SUI
rs day last, l72 feet had been run, which
IN considered quick work. On Monday Il
face of the drift showed over three fe
t. of ledge matter which would averaI
b. about fifty dollars ton in gold--a thil
of not to be sneezed at.
OF For many years stories have be,
CT floating around New Mexico and Arizo
no about the fabulous wealth of the Cariz
e' mountains in the Navajo reservatio
and the Indians have been kept bu
%. driving out intruders. In order to 1
oi certain if any valuable mineral real
H. did exist there, the Secretary of the ]
w terror last spring appointed commissi
no to investigate the matter. The comm
ne sion have returned and report that t
W. region is barren of metallic wealth a
~ worthless for mining purposes. Th
10 ends the golden visions of many pr
ict pector in that section.
lat IT.
&C., April Fool Ore.
Des About five tons of ore was received
IL 4 L. A.,