The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-07-14

p QuireS much time and correspond
4 ence, often to elicit the desired In =
= formation, and as the demands q
= upon this department. are very 4
= heavy, subscribers will please ex-
4 or three weeks time for =
J. J. J., Philadelphia.-The Ida De-
troit Mining company is Incorporated
under the laws of Arizona with a CAPT.
talization of 1000. 900 shares of a par
value of 81 each, full paid and non-as-
sessable. DR.. G. III. Bobertz of Detroit.
is president; Henry Roberto, secretary
and treasurer, and H.. Luekman. general
manager and consulting engineer. Orig
inally the property of the ompan con-
sisted of two claims known as the White
Horse and sparenberg, in hat is
known as the ORC Blanco mining dis
trict. about seven miles from Ida and
% miles south of Goldfeld. Last win
ter the company acquired two adjoining
claims, the Virginia and the Monte
Christie by location and another full
claim, the Polaris, by purchase. So that
the company's holdings now comprise
FIVE full claims of 20 acres each. We
are advised that the has no
debts and that further funds for devel-
opment, etc, are assured by the prin-
cipal stockholders as soon as required.
None of the officers draw salaries Ow-
ing to snow storms, work was discon-
tinued last December, but the secretary
of the company is now in Nevada ar
ranging for a resumption of work. Ac-
cording to a report by II. Luekman, M.
E., the manager of the property, work
has been conferred on the White Horse
claim. After surface prospecting had
discovered a good vein, which at slight
depth gave values ranging from SIS to
s92 per ton. principally in silver. a tun-
mel was commenced to undercut the vein
at depth. This tunnel, we understand,
is in approximately 140 feet from the
portal. The management considers the
showing very favorable and intends to
push work.
e. s., Savannah, Ga.-A contemporary
gives the following information on the
company you enquire BOUT: The Tono-
pah Copper NJ. & NJ. company was in
corporated last September with a capt.
talization of 1000, 900 shares of a par
value of so cents a share. The stock
calls for a peculiar form of payment,
and appears to have been offered in a
somewhat unusual manner. Certificates
for 200 shares of stock were sent out
good only on conditions hat the holder
contribute 81 per month to the treas
ury until the property should be on a
dividend-paying basis, after which the
certificate should be fully paid. In case
the company failed to reach a dividend
paying basis we presume the holders of
500 xxyo,,II ha parpoiffod RI 1iCannfipua
payments when they became tired of the
monthly contribution. In some respects
this unusual plan has real advantages.
1t is stated that the stock has been TAX
en- up by friends of the company who
have perfect confidence in the manage
ment. The method of financing assures
a steady income with which to prose-
cute development and which can be de-
pended upon for a reasonable length of
time. The property of the company con-
sists of five claims a~ggregating 100
acres, in what is known as the Silver
Star district, Esmeralda county, Nevada,
about 20 miles west of Tonopah. A rail-
road passes within a short distance of
the property. A good showing is said
to lave been made. assays giving values
in silver. lead, gold and copper, as high
as SGT per ton. f. C. Mellow, president;
Herman Brummell, vice president and F..
C. Day. secretary and treasurer.
g. T. s., Akron, 1.-The properties of
the Goldfeld Nighthawk Mining COM
pany are to undergo a campaign of
vigorous development, according to the
management. A lease has been let to
the Main Ledge Leasing company for
sinking the shaft on the Nighthawk an
additional 100 feet and this work has
been progressing. Last year over 800
feet of development was lone on these
properties adjoining the Booth or Co
lumbia mountain. Fred G. Shaffer, the
manager. states that a shaft will be
sunk 200 feet on the Golden Horseshoe
group joining the end lines of st. Paul.
Work on the Wedge Fraction at the end
lines of the Sandstone is opening a
vein of $25 ore on that lease, which be-
longs 20 the Intermountain Mining and
Industrial association, a corporation
owning interests in Colorado, Utah and
Nevada.
A. n. T., Waco, Texas-The Montana
Bullfrog Mining company is i~ncorpor-
ated under the laws of Arizona, with a
capitalization of 1000, 900 shares, par
value 81. 1t owns the Hardscrabble
claim, situated on Ladd mountain, in
the Bullfrog district. adjoining the
North Star claim of the Bullfrog North
Star Mining company. and also the prop
crty of the Bullfrog Mining of
Nevada. In addition il has four other
claims, known as the Madge G., Ray
mond. Gilbert and Montana, held by To-
cation. The latter, we understand. are
on Bonanz mountain. Development is
by crosscut tunnel. in a distance OF
about 200 feet, which shows a four-foo.
ledge carrying values as high as 500 on
the foot wall.
w. H. D.. Finley, ohio.-The Gold
field Century Mining company has re-
Gently taken a lease on the Atlanta
ground which is among the best in the
entire district. A steam hoist has been
erected and every effort will be made to