Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1902-11-08
NEW YORK TONOPAH.
Fine Work OF a Strong and Well
Managed Company.

.
Not least amongst the important
development work now going on
within the great Tonopah oelt is that
Of the New York -Tonopah company.
Although not distant more than a
few minutes walk from the Mizpah
ground, the well-equipped works are
not visible from the center of the
town, hence pass the observation of
the newcomer But the claims are
well known to all mine operators
here, who are in the fullest of faith
that the extensive exploration now in
rapid progress will develop ore bodies
of bonanza proportions.
The editor of the BONANZA on
Friday last paid visit of inspection
and found that the property consis is
of four full claims, each 600 feet wide.
and so situate that their entire
length Of 1900 feet lies at right
angles to and crosses the trend of
the Frac ton (the end lines of which
adjoin), Wandering Boy, Stone Cabin
and Gold Hill lodges. The company's
claims are the Washington, Wyoming,
Cape Nome and Frisco. Many ex-
pert engineers and some of the best
judges in camp predict that it will
eventually be found that all the
lodges referred to will cross the
entire width of the four claims
named. T.
On the Washington the surface
plant consists of a substantial Shaft
house % % feet, 40-foot gallows
frame. and % h. p. gasoline hoist,
together with a powerful exhaust
fan. The works are capable of sink
ing 1900 feet if found necessary The
shaft cut through the Gaping at
$40 feet and is now, at $40 feet,
penetrating at the rate of five feet
"a day the porphyry formation which
in this district encases the lodges.
lntruding lunches of black porphyry,
ANIMATED with quartz and doubtless
carrying values itself, are encoun-
tered in sinking, Three hour shifts
are making all the progress possible
with the double compartment, soidly
timbered shaft.
Locally, these works are referred
to as those of the Davis boys-Fred-
erick L., Lew and Frank Davis, who
own a large portion of the stock.
The officers are, 6. A. Land, pres
ident, Salt Lake; Frank Davis, vice
/ president, Tonopah; Fred L. Davis,
secretary and treasurer. These
together with John Dopp and Dr. W.
j. Davis form the directorate. The
incorporation exists under Utah
laws, having a capitalization of one
million shares. The treasury con.
tains 200, 900 shares, of which 80, 00O
have been sold, supplying ample
capital for sinking 1900 feet. A
short time ago stock was being con
veyed at 80 cents per share, but at
present is rated at $l00. The com
panys principal business Office is al
324 Dooley Block, Salt Lake City.
The Philadelphia G. Nj. Co.
The well-knowu and "close in
properties of the Philadelphia Gold
Mining Company, comprise the
Victoria Fraction, Champion Frac-
ton, Texas and Nevada The exact
situs of these claims may be indi-
Gated by stating that the opening,
shaft on the Victoria is about 200
feet southwesterly from the Tonopah
City shaft and 500 feet southeasterly
from the New York -Tonopah shaft.
The shaft cuts into the everything cap
rock 60 feet, having two compart-
ments, timbered in the most ar-
proved manner. The whim will give
way to a 22-h,p, gas engine, which,
with all the adjuncts of a sinking
plant, is now in transit aud will soon
be in place and at work.
A new shaft has been started on
the Texas claim, lying northwesterly
of the Victoria. An lS-inch ledge
crops out on this and the Nevada
ground, which assays So per ton gold.
The officers snd directors of this
company are the same gentlemen
who are in principal ownership and
control of the New York -Tonopah,
with John Dopp as General Manager.
AS developments continue on the
Fraction and Salt Lake companies
grounds the values of the Philadel-
phia company properties are, of
course, proportionately enhanced.
The good faith and earnestness of
the managers augurs well for the
future success of the company, the
very favorable situation of the claims
leaving little doubt as their great
value
Grand Ball.