Bisbee daily review., 1905-03-12

gathering of a sufficient fund to car ry out the plans of sinking in the shaft that are entertained. The Noun. tan View is a prospect pure and sim pie AS such it looks very fair. In. yestment in it, however, is a pure gamble. It's ground is yet to be prov. en. As a gamble it has a very good look, that is. the chances are favOra- ble to the development of an ore body. After that the Mountain View will have to have large capital in or der to take advantage of whatever it may get. It the management Is equal to getting the necessary capital and at the same time protecting it's stockholders, the second risk in the investment will have been safely tided over, provided the first is over. come. If judiciously expended and ore secured, the money now being raised will be sufficient to put the company in position to take the sec Ond step. The amount of the invest ment ten cents per share. is insignifi- cant in itself. but the investment nevertheless needs be looked upon from the practical standpoint and as a gamble. If so there will be no kick coming at the wind up, whatever it may be. Development will proba. bly, commence at the property during this week George Bonnet will he in charge He is well known as ma chinist who has been with the Cop per Queen for some time.
 
 The Gold Nugget has been about as hard hit by the season of unpre- cedented rain storms that have been had in the last couple of months as has been pOssible-at least so it seems to the management. The lat- ter expected prior to the rains to have their mill turning out bullion early in February. Matters had so progressed that it looked sure that this would be accomplished. Then the rains came. and the Gold Nugget mill has not yet got under way. With good weather it ought to be able t7 start within the next two weeks bus the start is dependent on the weath. CT All is in readiness at the mIl except the ore bins. These are Ice. essary before the stamps can be drop. ped The bins cannot be put up un- til the lumber can be secured. The lumber has been held up by the wash outs on the Southern Pacific and by impossible roads between the mining property and the railroad station at Bowie. Just as soon as the lumber can be got to the mill, short work will be made of the erection of the bins. The ore to go into them is really for delivery, lots of it and rich stuff, too The mine will be pa,laS it's way very soon after the stamps be- gin dropping.
 Next to the New Year claim of the Gold Nugget the Hazlewood group is developing some fine ore. A shaft has been put down and a vein opened that is yielding ore running from S45. to $50 a ton. The findings that have been made on the New Year give very good proof that there is a lot of mineral in that neighbOrhood and very respectable gold produc- ing camp about to come in.
 2. z. s
 J. s. Palmerlee was in town during the week from the Huachuca COnsOli- dated He reports that development continues at that property with en- couraging results. With the ore that has been brought on the dumps and opened in the workings there is every reason to believe that with the twen- ty stamp mill the property is to have it will come on the self sustaining basis very soon after it's stamps get