The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-04-27
a.%44


the following courteous reply to our re-
quest for information about the Gold
field Ruby Hill Mining company ac-
companied with a prospectus. The let
ter reads in part: "Since this pros
pectus was issued. the company has
expended all treasury funds in doing
patent work and they are now advertis-
ing for patent in your paper on SO acres
IF ground. Through a settlement that
has been made with one OF the adjoin-
ing properties, the acreage will probably
be cut down to about 40. Treasury
stock is now begin sold at 5 cents per
share and as the company is meeting
with exceptional success, we feel safe
in stating that development work on a
pretty good scale will be started imme-
diately after the advertising period is
up. We do not claim that this is the
best prospective proposition in your dis
trict. neither do we promise dividends
in a few months. but for the company
we do claim good ground, good surface
indications and good honest manage
ment. There is positively nothing be-
ing sold but treasury stock and as there
are no salaries paid to any of he of
Hcers, every dollar received will go into
actual work. If the ore is on the
ground. it will be found. If 1T is not,
the management will be able to show
that the stockholders money was put
into development work only and that
they received value for every dollar in
vested. The company is represented in
Goldfel6 by Mr.. w. d. Hatton of the
firm of Hatton G. Hatton.'
PILOT GROVE. MO.-Again referring
to the Frisco and Red Wing properties
in the Goldfeld district: Find upon
further investigation, each of the two
companies own four claims. They lie
between the Frisco-G oldfeld, Big Elk,
Butte-Goldfeld and Goldield-Sierra,
south and east of Goldheld. These prop
critics are not being worked now and
very little development work has been
done upon them in the past. They are
two and one-half miles south of any
producing mines. A letter from the Of
flee in Chicago says: I'VE have never
presented them as developed properties
but only speculative. We have enough
money to do some development work on
them and our Mr.. Trenholm goes to Ne
vada soon to take up that work" The
White Pine placer property of which
you ask, is in the Ruby mountains,
White Pin county. The ompan has
built a dam to hold a head of water and
says that it will have the property fully
equipped and m washing as soon
as the snow melts. f. L. Brown of
Reno is in charge.
WINCHESTER, TENN-In answer
to your inquiry regarding the Goldfeld
looming Nation and the Goldfeld Double
Eagle properties: These two companies
were promoted by w. l.. Wilson of Den
yer, who's operations have been ex-
plotted through the press at different
times as questionable and exposure of
his methods, it is said, has caused him
to change the name of his promotion
company to that OF J. II. Baldwin & Co,
in order to conceal his identity. The
company to that of J. Fl. Baldwin & Co,
sibly control the operations of the two
companies, is understood to be none
other than w. L. Wilson. The Goldheld
Double Eagle company " good pros
pective territory adjoining the Dixie
ground in the southeastern portion of
the camp. The Dixie is regarded as one
of the best prospects in that section.
A 10O-foot unnel was run on the Cold
field Double Eagle some time ago and
SOInG surface WOIk uDilS, Dut AotiliAl6 VI
any value was encountered and work
has been suspended for some time.
BIRMINGHAM, ALA-The Coming
Nation owns four acres of
ground between the ST. Ives and Jumbo.
While it is not a large acreage, it is
exceIlently located, and sufficient depth
ought to produce a min The shaft is
down about 100 feet and no ore of value
has been encountered, No work has been
done on this property for six months.
and we do not know the future plans of
the The treasury of the COM
pany ought to be in good shape as an
enormous amount or stock was sold.
But in the exposure of his operations. il
was aid that w. L. Wilson, the promo
ter, managed 1t so that only a small
proportion of the receipts from the
stock sales went to the ~company's
credit. while all the rest went for of
flee expenses" Whether the treasury
has been exhausted, we are unable to
say. Nevertheless, no work is being
done on the properties.
LA SALE, CHE, Gn-The Nevada
Copper has very promising
properties IN the Nontezuna district
and is Differed by responsible men of
high standing. We have seen favorable
reports upon tlc property liid believe
that it has prospective merit. You
would be JUSTIFIED III sieins full credit
to any statement: made by the Officers
concerning this particular property.
Montezuma is one of the oldest districts
in Nevada, having been mined many
years ago when 1T was necessary to
pack ore out of the district for many
miles to the smelters. We believe, in
time. some good properties will develop
in that district, which ought to prove
profitable with modern methods of
transportation and ore treatment.
NEWARK. N. 1.-THE Pacific States
Promotion bureau has offices in the
| Baltimore building in Chicago and is a
partnership of E. D.. Trenholm and
Frederick r. Marvin. both formerly of
Spokane. Mr.. Trenholm was sdperin-
tendent of the Washington Water Power
company there and Mr.. Marvin was for
several years adv ertising representative
OF the state of Washington at various