The citizen-Republican. (Scotland, Bon Homme County, S.D.) 1???-19??, 1906-04-19
IMPORTANT.
The Great Manzanita Gold Channel is once more
to Be Developed on Large Scale


to Be Developed on Large Scale.
Ever since the days of "forty-nine'
the geological reports have given Neva-
da county credit for yielding more gold
than any other county in the State of
California. There lies on the bottom Of
the Manzanita Channel from four to
seven feet of coarse gravel and in this
gravel lies the gold that has yielded in
the past such fabulous sums. Before
the ''Debris" law was passed in the
state forbidding the hydraulic method
of mining nine thousand feet Of this
channel had been washed away and
many millions Of dollars came as q re-
ward for the miners efforts. By reason
of this law this method Of mining was
consequently stopped No other meth
cd of wor'>ing such properties was at
that time considered profitable and all
such We're abandoned. For the last
eight years a young and persevcrimg
attorney by the name of I. G. Lindley
has by untiring and patient efforts sue
ceeded in becoming possessed of the re-
naming uuworked ground belonging
to this great channel which lay contig.
uous to that which had already been
worked and produced such fabulous re-
suits, and with the united efforts of
Maj. f. M. Spaulding who lately went
from Massachusetts to California for
the purpose of obtaining gold produc-
ing property which would give him ac-
tual results, together they have orgai,-
lied a corporation under the name Of
the Richland Gold Mining Company
Of Nevada County, California. and
have turned over all OF this property
to said company which is capitalized at
one million five hundred thousand dol
lars, par value Of the stock one dollar.
In the month Of March during tour
of the state Of California, Mai. Robert
Dollard of this city met both Mr. Lind
ley and MI. Spaulding and became
identified with this proposition by in-
vesting considerable money in the san e
after an examination of the cOmpany's
affairs, besides becoming acquainted
with the management to such an cX-
tent that he has encouraged Maj. Spaul-
ding to present to several friends in
this vicinity a proposition to place a
small allotment of the stock among
them. 1t is expected that this stock
will be advanced in price to the par
value within the next three months as
the development work on the property
is in such an advanced state that every
thing indicates at the mine that pay
gravel will be in evidence almost any
day.
Maj. Spaulding makes the assertion
from personal knowledge, having made
a study Of the conditions on the prop
erty and also on the authority of min
ing experts in addition to the govern.
ment reports, that this seven thousand
feet in length and two hundred feet IN
width with a depth of five feet of gray
ell on an average, containing the gold
he estimates, using mining term,
"that we have blocked outn and in ac-
tual possession Of the company. at least
gravel enough to produce not less than
seven millions Of gold.
| With a corporation capitalized for
one million five hundred thousand dol
lars owning and operating the above
such proposition, if it can be substan-
tiated, should certainly appeal to in
veStorS at the extremely low price of
25 cents per share at which this stock
is now offered. Maj. Spaulding expects
to leave the city tomorrow noon en-
route for New York where he will
place the balance Of stock remaining
unsold at a price not lower than so
cents per share, and he further states
that if he receives notice that the pay
gravel has been reached, the stock will
be advanced at once to the par value of
81.