The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1905-05-23

showed a width of nearly two and a
half feet. The rock carried encourag
ing values in gold, but Taylor at that
time had no idea of the fabulous
wealth contained in his discovery.
G. A. McClelland had fifth interest
with Taylor from the start, but the
credit for the great undertaking be-
longs almost entirely to the locator
from British Columbia.
Taylor returned to tie region of
Tonopah on May ~ Within two
months after the first big find thirteen
other claims in the neighborhood were
bought and located. This involved
great deal of work. in order that the
assessment work might be done to Sc
cure the possessory title. The locator
worked indefatigably and secured his
merited rewards. During the second
week of the August following. Taylor
returned to the Goldfeld District to
work on the Jumbo, Florence and Red
King claims. The Maud was aban-
doned. but it has since been relocated
as the Atlanta. On his return, the
miner discovered on the Jumbo lead
about three feet of gold ore, which on
being panned showed a long streak of
fine fakes of the yellow metal. Sam
pies were taken to an assaYer and the
average value for three feet. Previous
TO learning the value of this ore Tay-
Tor sold George A. Kernick third in
terest in the Jumbo, Florence and Red
King claims. Kernick had an interest
with Taylor in several other properties
and it was finally decided that he
should have share in the three mines
on which the work was being done
There was some haggling over the
price and Kernick. with extreme re-
luctance. purchased a third interest in
the undeveloped mines at a very low
figure. 1t brought him over 5000, 00O
The first assays encouraged the miners
to proceed rapidly with their work
Shortly afterward the lead showed six
feet in width and assayed about $500 a
ton.
THE METHOD OF WORKING.
There was some discussion between
the partners as to whether the mine
should be worked by themselves or
bonded. The latter scheme was decid-
ed upon as the better in view of the
financial and other difficulties to be en-
countered otherwise. On October
1903, negotiations resulted in the bond
ing of 20 per cent of the Jumbo and
adjacent claims TO Patsy" Clark and
John McIlane for 100000. Prepare
tons were at once made for working
the property.
March %, 1904, the miners commenced
to work as a company under the name
OF the Jumbo Mining Company of Gold
field. George f. McClelland, who had
been in partnership with Taylor while
the latter was still prospecting, had
been originally given a fifth interest
Under the terms of incorporation he
received an IS per cent interest. George
A. kernick had paid comparatively
nothing for his third interest and when
the company incorporated he received
80 per cent interest. McKane kept
his 10 per cent interest. C. D. Taylor
and H. L. Taylor retained a AZ per
cent interest. C. D. Taylor, the dis
coverer, is president, II. l.. Taylor is
vice president, c. P. Holt secretary
and treasurer. Everything looked
promising and various plans were sug-
gested as to the best means of ex-
tracing the gold from it's hiding places
in the rocky formations Again some
wanted to work the mine independent
ly, while others favored the leasing of
the property. There were points 20 be
said on both sides of the question.
WERE PRACTICAL MINERS.
Most of the incorporators were prac-
teal miners and knew something of
the workings of both schemes. On a
million-dollar proposition the figuring
needs to be done very carefully that a
few thousand dollars will not drop
through the holes in the plan occa-
sionally. 1t seemed easier to the own
ers at last to lease the claim and sit
down to watch the lessees extract the
gold There were plenty of applica-
lions for leases, so there was no Diff
ficulty on this score. But here again
there was trouble. In the drawing UP
OF mining leases experience has shown
that the greatest care is necessary on
IN part OF the lawyers. The others
knew much Of stripping veins and RIM
ming drifts, but had never studied the
intricacies of the law. AS a result the
Jumbo leases were drawn In such a
shape as to bring joy to the hearts of
the lessees. The claim was cut UP into
blocks of which the length In each
case was 100 feet. The owners were
to get about a fifth of the gross pro-
duction. On the Bowes-K ernick lease
great damage was done through me-
glect in following out the terms of their
contract. Some of those who made
very fortunate investments in getting
their leases were McKane. Dacy a
linn, Ridge and Curtis Mcdonald.
linn extracted about $685. Ridge
and Curtis got about $3.50, 900 and Nc
Kane and partners extracted about
100000. On the block numbered 5 and
called the Bowes-Kernick lease. the
leases were to expire on the last day
of December. 1904, with a single ex-
ception. linn had secured a longer
lease than the others and he worked
up to April 80 of this year. Had the
company managed the mine them
selves they would have been much
richer to-day than they are, but when
the leases were given very little value
was in sight. They acquired some ex-
perience in the matters of incorporat-
Ing and leasing and when next thew
have a mine they will come off better
Taylor. the locator and principal owner
expects that 1t will take a long time
before the work on the Jumbo can be
resumed in a thoroughly systematic
manner. The property will now be
operated as a single proposition, while
the previous manner of working was
different, in accordance with the vari-
Gus views of the persons who held the
leases. The scheme is to make one
mine and large one out of several
small ones. An infinite amount of labor
must be performed before the work of
extracting ore will proceed. The engi-
neering difficulties are rather nernIx-