The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-07-07

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. the demands upon this department al
. exercise patience, and allow for tw
. No answers by mail.
J. Z. O., Dstroit-From good author
ity we secure the following: The Bull
frog Jumper Mining company Is incor-
porated under the laws of Arizona. with
a capitalization of 1.o00.O 900 shares of a
par value of 81 per share. Treasury
stock consists of 100000 shares. We
understand that something less than
half of this amount has thus far been
placed. The property of the company
consists of approximately 20 acres. in
GLIDING the Magdalena group, located on
a spur of the Grapevine range and stu
ated, we understand, about half way
between Bonanza mountain and the
original Bullfrog property. A shaft is
being sunk on the Magdalena claim and
a tunnel is being driven on the Chicka-
maug claim. Work is being prosecuted
energetically for the purpose of dehn-
itely proving the worth of the property.
The president of the company is Irving
X. Farrington; vice president and gen.
eral manager, John Bonham; secretary
and treasurer, Richard A. Fftzgibbon-
These. together with d. d.. Donaldson
and Allan K. Alexander, constitute the
board of directors. The property of this
| company must be regarded as wholly
| prospective in character, but we have
seen no disposition to represent 1t
otherwise. The management Is credited
with the statement that If 1t seems ad-
visable to secure additional holdings
for the 100, 900 shares of per-
sonal stock will be contributed to the
treasury in order that the treasury may
not be impaired through the purchase
of more property.
J. M. Bradford, Pa.-Yourself as we'll
as many others who bought stock rely
ing upon the reputation I'M peculiar
ability of John McKane, formerly
connected with Charles M. Schwab,
will be interested to know that Schwab
has Jumped McKane and has brought
suit against him and now another suit
is entered by John Sloan of Pittsburg.
McKane left this country some time ago
and 1t Is said that it was not altogether
voluntarily, and that one of his last acts
before stepping aboard a transatlantic
vessel was to utter an oath against the
American flag and declare that he would
"spit" upon 1t. This is not the first
time he uttered his contempt for Amer
lean institutions. Once in Tonopah he
tramped Upon the flag, and was imme-
diately knocked down for his pains.
The Sloane suit grows out of the Tono-
pah-Extension deal. 1t is claimed that
in 1908 McKane told Sloane he had an
option on 1000, 900 shares of the COM
pany's stock at 81 per share, but had no
money to complete the deal. Sloane
furnished the money, but claims that
when the deal was completed McKane
failed to turn over the stock. Sloane
sued in New York and got judg-
ment, and now sues in Pennsylvania on
the judgment. This is probably the
cause of the decline of the stock.
r. I. w, Fort De Chesne, Utah
The Pennsylvania Mining company
holds five claims about one mile west of
Cole springs upon which perhaps $4,000
has been spent in prospecting the sur
face. The result of this work is said
to nave been very satisfactory, ore be-
ing opened up which assayed as high
as $500 to the ton. At present the only
work on the ground is being done by
the Pennsylvania Leasing and Develop
ment The original company
is capitalized at $1,000, 000-and the
treasury is reported as being in excel
lent condition. 1t is said to contain be-
tween zoo, 600 and 100000 shares of
treasury stock and about $4,000 cash.
The president is D. G.. Doubleday of San
Francisco and Louis Hogan of Oakland
is secretary.
d. G. g., Oakland, CaL-The News
learns Upon investigation that the Bulls
and Bears Mining ompany has sold all
of it's mining claims in this district to
the Norcross Investment company,
which in turn organized the Norcross
Mining company. Just what is the
position of the stockholders in the
original company is rather hard to de-
termine. The directorate would natur-
ally settle the liabilities from the pro-
ceeds of the sale and then make some
kind of pro rata settlement with the
stockholders. You are advised to COM
municate with John Hubert Nee, at
1908 Fillmore street, San Francisco,
who was attorney for the Bulls and
Bears company and still is conducting
it's affairs
r. n. g., Nashville, Tenn.-Four
claims in the Bullfrog district consti-
tute the holdings of the Goldfield Bull
frog Mining company. Two of these are
contiguous to the celebrated Rush group
and one lies next the Mayf1ower. About
$4,000 has been spent upon the ground
in development and large bodies of mill
ing ore have been opened up. At present
no work is going on because of lack of
funds. A new directorate has been
elected recently and a limited offering
of treasury stock will be made at 10c.
The new officers are: Grant Snyder of
Salt Lake, president; E. M. Bray of San
Jose, vice president. and r. L. Colburn,
secretary. These with F. NJ. Clark form
the directors. IT is thought that work
will soon re-commence.
L. Z. Tampa, Florida.-The Little
Bullfrog Mining company has just been
organized under the avs of Arizona by
Patrick. Elliott & Camp of Goldfeld. 1t
is based upon "a scattering claims In