The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-22
LEASING H MAKING OF aoLDFIELD

This is the leasing era of the Camp of Goldheid, and happily the period Ia
arrived.
(and it hasi its dement's as wen), it is the system for eodhed as we In II 0aay'
The early sensational strikes in this camp brought an influx of prospetors
and SPECTATORS to Godfeld who located ground right and left and organized
companies many of them for stock speculation only. OF tnese' hsue as'en'a0
was mai TO uroyiding N adequate working fund, and little or n work vas dom
for the development of the properties. Others fell into the hands of eastern
people who simply laid back to wait until the other fellow did work in the neigh
borbood ant thus prove up their ground. As a result many of the best located
nrmetieso of the district were permitted to lie idle, thus retarding to avery harm
full extent the development of the camp, and operating against the investment of
count; those so operating could 70 counted upon tne myers ot !" anu Ant
even sol If these properties were being worked indiferently. Perhaps not ver
500 men in all were actually under ground, and the production was comparatively
unimprtant
But mark the difference, Hnce leasing became populari Every inside prop
erty in the camp is being worked, and much work is going OF o the outskirts Of
the known producing area. Over a thousand men are at work whereth there were
was insignificant before. Many companies have been enabled, from royalties e.
ceiyed.t o operate N their W account, where there were but few before. Stocks
have become active and scored a great advance where they we're inactive and
almost vauehss before. Mohawk stock has jumped from a few ents % $46o
Silver Pick has one III from 20 cems to 20, within a month OF two; the stock Of
every company surrounding the Mohawk ground has doubled and trebled. Daisy
has trebed by reason If leasers and so has Great Bend. It would be useless to
q through the list and the different parts of the district where leasers ar work
ing. Every stock dealer an investor knows the course If the stock market
lately, and he geat gains that have been made are directly attributable to the
leasMs. set #aH s
{ On Tho other and the leasers themselves ire making money. Leasing is
done on a different basis than formerly, when the principals OF the lease did their
own work, and gouged around for pockets of great value, throwing up their lease
when these pockets were exhausted and they were ot 4 ore Now, great leasing
companies are formed. They work as a corporation; they sell stock, install the
heaviest N best machinery, employ large forces, and work o a tat treasury.
Where before they .sgophered' around, they now start work prepared 70 go
wner take overt the leases It their expiration, they take owe a mine, sc far as
the underground workings are concerned; well timbered shafts and drifts and
depth.
Right nov, the l@sers are making more money for their owners than many
of the larger mines This past week a dividend as paid by a leasing company
that had been operating less than three months, and there is money in the treas
my for many dividends. This is only the first OF a series Of dividends that
will surely b., paid by this and other leasing companies, and many of them will
be large.
Altogether, it vas a happy day for Goldfeld when Hayes and Monnette
struck pre- o N their lease on the Mohawk, and inaugrated a leasing period, for it
will bring Godfeld to its fullest development and make of it a camp whose Vol
dersw will be related throughout the entire mining world.