The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-05-25

Application is to be made at once
in the United States court at Reno.
New, for the appointment of re-
ceiver for the keystone Mining and
Milling company, operating in the
Vanderbilt district, in southeastern
Nevada, and the owner of very
valuable group of gold mines, equip
ped with ten-stamp mill. Sam T.
Godbe is one of the heavy minority
stockholders, and the application is to
be made by him, through Judge Dill
lon, of Los Angeles, who is now in
the district in company with the
superintendent of the properties, T..
c. Williams, for the purpose Of
gathering together the necessary data
upon which to base a claim for re-
ceiver. Preliminary filings will be
made in the district court at Phoebe,
but the real work will be done in
Reno.
This movement for the appointment
OF receiver is the direct outgrowth
of the methods made use of by Presi-
dent Blake, of the company, who
holds the control of the stock and has
persisted in operating the properties
as he saw fit and for his single bene-
mt. 1t is stated that the proceeds of
every bar of gold bullion sent to the
bank at Los Angeles, of which he was
the president, found their way into
the hands of Blake. and as a result
the company failed to make payments
OF Its debts, even allowing the miners
and the mill-men to get behind with
their wages. This state of affairs
an or 10 So !
several weeks ago Williams took one
Of the gold bars produced by the
mill and made his way TO Los An
geles, where he disposed of the gold
and retained sufficient of the pro-
ceeds to make partial settlement with
the men. The properties are now
closed down tighter than wax, and it
is claimed that nothing but the ap-
pointment of a receiver, who would
work in the interests of the minority
stockholders and the creditors of the
company, can clear the company of
debt and place it on its feet again.
Mr.. Godbe stated yesterday that he
was prepared to make the fight for
the receiver and did not anticipate
any opposition. Just who will be
the receiver is not known, but it may
be either Mr.. Godbe or Mr. Williams.
Mr.. Godbe has just returned from
trip among the mines of the south
ern part of the territory. Upon his
return to Milford from Phoebe, the
gentleman visited the Banty mine in
Beaver Lake district, recently bonded
by Captain De Lamar. The shaft is
now down nearly fifty feet, and there
are two feet of ore in the bottom of
the cut, but still Mr.. Godbe does not
seem to be much impressed with the
arf- no &c nf
ion that the bond will not be taken
up, unless there should be an early
change for the better. After visiting
Beaver lake, Mr.. Godbe went over
into the Marysvale country for the
purpose of inspecting several prop
critics there, but on account of the
depth of the snow the Investigations
were not as thorough as he would
have liked, and it is the intention of
the gentleman to make another visit
to the two districts there within
short time. In conversation with
Herald reporter yesterday, Mr.. Godbe
stated that in his opinion the Marys-
vale country would in time become
one of the heaviest producers in the
west. Many splendid properties there
are being opened up, and the contin-
ued operations are giving encourag-
ing returns. The Sewer mill is being
operated at full force and with better
success than at any time since its
More of the values in the
ores are being saved than was the
case last season, a new ore having
been found in the lower workings.
This ore seems to be better adapted
to the treatment than the other, and
the gold will amalgamate with much
greater ease than was formerly the
case. There is an abundance of
water at the mill and no delays should
now occur.