The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1903-10-17
HAMMOND's ToNOPAH REPORT.
Not What Was Promised-Merely
Deals With Methods of Treatment

Not What Was Promised-Merely
Deals With Methods of Treatment
According to the following from Fri
days issue of the New York CONNER
cial, the long-deferred report Of John
Hays Hammond on the Tonopah Com
pany's property has been submitted,
and, compared with what was expected,
it does not amount to much. either.
The paper says:
From a source ~undeniably author
tative it was learned to-day that the
long expected report by John Hays
Hammond regarding the properties OF
the Tonopah Mining Company has been
submitted for the consideration Of the
directors Of that company, despite the
semi-officiai denial Of that fact made a
few days ago The report, however.
according to that same authority. is not
what has been expected for the past
four months, but q statement showing
the best system adaptable for the treat
ment of the ore.
"Some five months ago the report was
diligently circulated that Mr.. Hammond
was preparing an exhaustive report up
on the properties controlled by the To-
nopah Mining Company of T~onopah,
New, and with which large Eastern in
terests have been connected. 1t was as
serted that Mr.. Hammond, after sub
uniting the report and telling about
the enormous ore reserves contained in
that property, would have a heart to
heart talk with the stockholders. The
privilege Of asking Mr.. Hammond any
question upon the property was to be
granted to those attending the meeting.
"eGreat preparations were made to re-
ceive this report. Mr.. Hammond, how
ever, was at this juncture taken seri-
ously i'll and obliged to retire to his
country home for a much needed rest,
he having previously completed an ex-
tensive tour of some Of the miuing dis
tricts of the West and Mexico. At un-
expected intervals some n would
revive the rumor that the report was to
be submitted shortly, and denials would
have to be made. This state of affairs
continued until the possibility of its
ever being made began to be doubted.
"As the matter stands now. however,
it would seem that MIR. Hammond never
intended to submit a report Al complex
as he was quoted as having in prepare
ton. His last trip to Tonopah was
made largely with a view of ascertain
ing the character Of ore found there
and having sufficient experimental tests
made to be able to determine what
would constitute a satisfactory process
to reduce the ore. 1t is asserted that
this has been the basis of the present
report, which is said to have been given
to the directors some time last week.
According to the Commercials in
formant, the directors have ordered a
mechanical plant of sufficient capacity
to treat a large quantity Of ore daily,
in keeping with the suggestions out
lined in the report. 1t is known that
to-day the frame timber, ready cut, is
waiting at Rhoades, which is the point
from which the new railroad will run
into Tonopah. 1t is reasoned that un-
less some definite plans had been made
for the erection of such q mill, this
timber would not have been prepared
ahead of time, while the fact that the
Tonopah Mining Company has on its
own initiative decided to build the rail-
road is indicative that conclusive re-
suits have been arrived at.
"The solidity which the stock of the
Tonopah Mining Company has dis
played during the financial depression
Of the last few weeks has been a source
of much wonder to many. especially as
the stock to-day is selling at 700 per
cent above its par value. Those con-
nected with the outside market say that
no attempt to support the stock by any
particular interest has been apparent,
trading, in fact, having of late been
very quiet in the stock. It was last
quoted at 81 a share"