Los Angeles herald., 1905-06-04
The Present Day Mecca of the Gold See
eCmpS Are h
EdAngC mHhm The Qn me Of

$40 to SIS in gold to the ton, giving a
total value for the ore of from $l2o TO
$225 to the ton
From the Dom Paul claim trial ship
ment amounting to a carload returned
values of $2S per ton. .,
But as already stated, only sInaii
amount Of work has been accomplished:
In fact, but little more than assessment
has been attempted Wherever work mas
been done, however, the showing made is
very encouraging, certainly warrantlns
an expenditure to carefully and thorouSh-
ly exploit these promising veins
one thing stands out plainly in conf
parison with the developed mines of the
Searchlight district, and that is the char-
aCter of the ore is IDENTICAL 1t belnS al
most impossible to tell 1t apart 1t must
be remembered also that the Quartette
did not begin to get into good values
until a depth Of 300 feet was attained
Arrangements have been perfected TO
at once commence the work of exploiting
these promising veins. This work Will
be in the best possible hands-in the
hands Of a man who has been particular
ly successful in opening mines in various
parts of this country, as well as III Mex
leo and elsewhere. Mr. q. Is. Steen,
who has been placed In charge, Is an
operator Of many years experience ana
he expresses the utmost confidence IN
being able to develop good producers on
this property.
For the purpose of providing fund to
carry out the work Of exploiting these
fine prospects, an allotment of treasury
stock has been placed on the market:
There is but little question that 1t VIII
he quickly oVer-subscribed, Tor as an
investment 1t offers tirst-class specu"
lation with tremendous possibilities. one
thing, the fiscal agents represent their
offerings as a speculation based on the
development of meritorous and highly
promising prospect properties ana the
investor does not usually ask petter
or fairer run for his money.
The company has small capital stock,
being organized for million shares 1t
is an Arizona corporation, The shares
have a par value of 81 and are fully paid
and non-assessa BILE. There is in the
treasury d liberal allotment Oh oo4'VVo
shares.
The president of the company is j. w.
Calkins of Los Angeles. The vice presi-
dent is H. c. Norris, capitalist of Los
Angeles. The secretary is {. II. Bennett
of Bradstreet's Mercantile agency, and
resident of Los Angeles. The treasurer
is A. c. Calkins, a son of the president
of the company and himself the manager
Of !he Calkins Manufacturing company
The foregoing, with the following, con-
stitute the board of directors: James II.
Blagge, manager of the San Francisco
office of the Conservative Life Insurance
company; d. r. Orman, we'll known
mining man; e. W. Camp of the law
attorney for the company, and Z. y
Norton of Los Angeles. firm of Norton &
Hay, real estate agents.
No salaries are paid any Of the Off
GERS of the company. 1t Is also import
ant to note that Mr.. Steen, who has
charge of operations at the property, will
draw no salary being content to take
stock for his services. This certainly
shows a great faith in the outcome. Nor
Is the company at any expense for Of
hahn nTTTn6 h..
out cost by the fiscal agents. the South
western Securities company.
l think It Will be generally admitted
that this proposition is in many respects
IDEAL being conducted along lines which
should earn the confidence of the public,
and at the same time rebound to the best
interest of all who purchase the stock.
There is every reason for believing that
the property work will mean the devel~
opment of good producers, and there is
the added chance of opening a bonanza.
In the same section as the properties
of the Searchlight Copper Gold Mining
company, is the Sazarac group, upon
which development work Is showing up
very flatteringly Recent reports are in
effect that at the 100-foot level the ore
body has widened in the drift from one
to three feet. The values show cor
responding Improvement there being evil
dent plenty of free gold with copper stains
of the same character as the Quartette.
ore body has recently Widened, in dis
tance of about twenty eight feet, from
six inches to two and one-half feet.
c. M. Lamb, who is experimenting
operations on other properties in this
section, was recently quoted as follows:
"I am much pleased over the prospects.
We have drifted forty feet on seven feet
of good milling ore, and every round of
holes adds to the value of the O. *. The
other properties working are having the
In / confident a
bright future for the Dupont Country"
Further over from the Searchlight dis
trict. but showing many similar charac
terstics, is the famous FL Dorado can
yon district, teeming with a romantic
history and familiar to those having
knowledge of the early days of western
mining. This camp is sharing the in
creased interest demonstrated in this
southern Nevada section, and bids fair
under up-to-date methods of eclipsing its
former record of several millions in the
precious metals.
This will be evident when it is stated
that in the early days these mines yielded
some seven millions of dollars from sur
face workings, and at that only the very
highest grade of ore could stand the enor-
nous cost of mining 1t and getting 1t to
the market The ground was but barely
scratched, and there is no reason for
supposing that the ore deposits do not
continue with depth, On the contrary,
what little work has been done of late
years has demonstrated that the
cations and Make All Remittance