Los Angeles herald., 1905-09-03
Investment, Trust
and Savings
Companies

with the addition OF H. w; Hellman.
Niles Pease, M. Bonhlio, William ID.
naSSSck hand and otac. A. Wilson The soab
money only to members, The monthly
payment pay me required varies with the
made, and the same rate OF interest is
charged. 1t also issues certificates OF
dgPSgt or ooRR paid Idto &c On
all cases. In every way these certifi-
Gates are particularly desirable form
Of investment as they are secured by
tate. They aim to make their plan
serviceable to very large class of
borrowers and investors, and the un..
qualified success that has followed
their work indicates that 1t is thor
oughly appreciated by the people.
NIPPENo MINING COMPANY
The opening of the new Salt. Lake
railroad through southwestern Nevada
has given a stimulus to a large num-
Der of the great mineral producing
camps In that section, about which the
average reader has hitherto known but
little. Bullfrog and Goldfield have OF
course become well known through
their having been doomed as few camps
prising Searchlight, Eldorado, Crescent
and Newberry has seldom been visited
except by mining men operating there.
Now the eyes of the west are slowly
Eldorado,. Crescent and Newberry
fields, where within. the past few
months some of the richest mines and
biggest strikes of the year have been
made. Noticeable among the develop
ment work that has been done in this
section is that of the Nippeno Mining
company of Los Angeles. This COM
pany owns valuable properties in the
Crescent mining district, Lincoln coun-
ty, Nevada. During the past few months
the, Nippeno, Mining company has built
and repaired seven miles of wagon road
to the Salt Lake railroad. In addition to
this, the company is now building five
miles of old road. 1t is in excellent
condition and ready for hauling ore
and machinery. Speaking of the de-
velopment work that has been and Is
being done, one of the officers of the
Nippeno company said to a Herald re-
porter: water shaft No. 6, on which
has been sunk to a depth of 1o6 feet.
and we are crosscutting northward to
cut the water seam at this depth;
crosscut in twenty feet; estimated dis
are that we will be successful in de-
yeioping an ample water supply for
M as roek In face 4s
water. Encountering this condition
forty feet distant from where we ex-
pp.ecdt to Gu, cut ,o water seam, we are 5Tsti-
developed. We are now building
! foundation for hoist on shaft No. q.
preparatory TO opening up large exist
ing ore bodies. The superintendent is
now in the city to purchase additional
tools and machinery with the view of
| commencing mining operations at an
early date" This company has made
several rich discoveries, the ore found
being heavily laden with the precious
metal. While the silver and copper
| values in many instances are consider
| able, the gold stands out to a pro-
nounced degree. The property has been
| developed to about 1000 feet of work,
1 GZyT nGtr 11s-r ~ n
have been thoroughly tested and found
to be immensely rich. Already the con-
Germ has expended $4,000 in developing
sidered ample for all work to be done
on the mines. The offices of the Nip
peno Mining company in Los Angeles
are located at 339 H w. Hellman build
ing. The officers are among our best
known citizens. They are: H. c. Half
| penny president; j. L. Brady, vice pres
ident; G. D. Halfpenny, secretary and
| treasurer.