The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-06-16


W. II. p, Denver-The money you
have invested in the Goldneld Highland
Mining company should not be lost to
you by any means, but instead or old
ing stock in a gold mine you have
money In what is in reality a water
company, for curious as 1t may seem
he Highland is mining" for water and
r1t gold. In the process of developing
this property an immense ledge was
sti uck carrying a large and seemingly
iuexhaustible flow of water. The claim
lies on high ground. about four miles
6erthcast of the town of Goldfeld, and
It appeared to the sewer and water
company of Goldfeld that 1t would FIR
nish an abundant source of supply for
its operations; hence a contract, SEEM
ingly very advantageous for the High
land was entered into, where
by their water flow was sold to the
sewer company for a period of ten
years at SIS per day. the Highland
ompany to bear the expense of pump
ing the water. which, after the install
lation of the plant, canno be great. The
contract has been in force for two
months, and the water from the High
land mine is running through the sew
ers and water pipes of Goldfield. The
net income to the Highland mine must
be in the neighborhood of $1,000 per
month";, which is much better than many
properties hat are mining for gold and
not for water. We understand that the
contract between the companies pre-
vents the Highland company from do
Ing further mining in this shaft and
workings, but hat the mpan in
tends to put DOWN a new shaft on an
other part of its ground. Thu prop
erty is well located for mineral, being
but a short distance east of the Black
Butte. We understand that John Nc
Kane, the principal owner of the High
land, is abroad and likely to stay in
his native country for an indefinite
time.
q. G. B., worcester, Massive be.
lieve the Consolidated Manhattan min
ing ompan is both a legitimate and
meritorious enterprise. The company's
properties are well located and good
mining is being prosecuted. The price
at which the stock is being offered by
the promotion house to which o refer,
namely L. ~ Ut ID IN I'LL
for the showing made at the property,
especially as compared to prices on
other iotations with no better pros
poets. A tunnel is being driven into
the hill prosecuting a ledge which is
500 feet wide. The tunnel has pro-
crossed so feet, and values have been
obtained ranging from 81 to $50 in gold.
1t looks like a great big milling propo-
sition. Surrounding properties are in
good ore. The managing directors at
Manhattan are c. F. Kapp and Joseph
Watson.
A. J.. g., Nashville, Tenn.-The Cold
field Sovereign Mining company is cap
italized at 1000. 900 shares, par value 81.
The original amount of treasury
stock was 500, 900 shares. and there are
now 255,655 shares in the treasury. The
company owns in fee simple and free
of every incumbrance 1924 acres scat
tered over the district, mainly on the
outskirts of the present producing area.
More particularly the Johnson No. 2
and Johnson No. 4 in the south half of
section 20, and the north half of section
80, which is in the east central part of
the camp. The New York No. 1 and
new 1OTh NO. 2 lOuCS III Nv WCSt hoiA
of section SO, also in the east central
part of the district. The Snowflake in
the northeast quarter of section 23 and
the northwest quarter of section "a, and
the Tom Henry lode in the northwest
quarter of section 10, which latter Sec
tions are northwest of the present pro-
ducing area. The title to all of this
property is held under receivers re-
ceipt, United States government. No
work is being done OF the properties.
either by the company or by ~lessees.
The Downing Investment company of
Denver, who are the fiscal agents of the
company, say that now the properties
are as good as patented, and that they
expect to start development work short
ly. Work will be lone largely on COM
pany's account, though some of the
ground may be leased. 1t is not at all
improbable that with thorough exploit
alton these holdings may be found to
be valuable.
3. E. B., Frankfort, Ky-The Bullfrog
Consolidated Mining company was in
corporated for $1,000. 900 shares by
Wheeler & Lind of Goldheld, who af-
terward sold a controlling interest to
dI L ~ "a OWN - NANbo
ury unknown. They are supposed to
W the Black Monster. White Monster.
Alta, Wild Cat and several other claims
located near Red mountain and the
Original Bullfrog. Geo. Greene. the at
torney of Tonopah, is supposed to be
interested in this company, which is
said to be in litigation of some kind. No
DEVELOPMENT work has ever been DONE.
W.. II. H, Troy, n. Y.-The Palace
Goldheld Mining Co.. owns two very
we'll located claims adjoining the Great
Bend property and between the Great
Bend Annex and the Great Bend Exten-
sion. The claims are known as the
Rabbits Foot and the Aqua Trio. AT
present there is one lease operating on
the ground. The impair which was
organized only about the first of last
-~-- ~-s- 80 IT, 0wv.