Los Angeles herald., 1906-04-30
LOCAL CAPITALISTS BUY JOHN
SON PROPERTY
Another Stampede to New Camp in
Nevada--concessi by Mr..
schwab-"Maklne Gold
Grow"

price has been paid and that develop
ment work will begin at once.
The group on which the sale has
been made includes the claims for
merry owned by Millionaire Emmons
of New York, and considerable work
has been doneeon the same
Kirk Hart, who is well known in
Southern Arizona, was instrumental in
making the deal, and has just returned
to Phoenix from Los Angeles, where
he made the final arrangements
The Johnson camp is attracting con-
siderable attention at the present
time and a number of companies are
at work at that place. John Hays
Hammond, the great mining engineer,
has been at the camp during the past
week for several days, making extern
sfve examinations on group of claims
Tor an eastern syndicate, and il is
said that he has been greatly i'm
pressed with the outlook there and it's
prospects of making good camp.
In Big Bug District
Big Bug district, which has long en-
joyed the distinction of being among
the richest and most promising gold
producing sections of northern Ari-
zona, was the scene last week of an
other mining deal of more than ordi-
the Express mine passed from E. S.
Campbell of this city and e. C. Thom-
son of Washington, D. c., to the
Washington-Arizon Mining company.
The new company is of recent or
ganization. 1t is capitalized for $780,,
600, and has for its directorate such
well known mining and professional
men as John Mason Ross, of the law
firm of Hawkins, Ellinwood & Ross;
Cecil G.. Fennell, who. is operating the
Gladstone and McCabe mines; Ed. s.
Campbell and Eugene Greenwood, who
are identified with other large mining
concerns; H. e. Sigger and Andrew
Wilson, Washington capitalists, asso-
ciated with e. c. Thomson, an attor-
ney connected with the United States
patent Office of the capital city.
The officers of the company are: r.
c.. Thomson, president; John Mason
Loss, vice-president and treasurer; H.
M. Allen, who is at present superin-
tendent of the Richinbar Mines COM
pany, secretary, and Ed. S. Campbell,
superintendent.
The ore is a sulphide, carrying val
ues in gold and silver sample of
1000 pounds recently tested giving re-
turns of s51 to the ton.
Concession by Schwab
In view of the conditions at San Fran
cisco and the possible inconvenience
which may result to the holders of
Nevada stocks, Charles M. Schwab au-
thorized the sending of the following
telegram by Weir Brothers & Co., of
New York to Taylor & Griffiths of
Rhyolite: 1--WE are empowered by Mr..
sehwab to lend any reasonable amount
Of money on approved Nevada stocks
at fifty per cent margin kept good.
Wire your needs, however large"
While there has been a postponement
of several mining deals with investors
in Nevada, and some little arrangement
OF stocks, it is not thought that the con-
sequences will be more than momen-
tary.
Stampede to New Strike
There was a stampede OF considerable
size last week fof new strike made
in the vicinity of HowelPs ranch, some
twenty-five or thirty miles from Rhyo-
lite. The discovery was made by A.
Burnett and 1t is stated that satis-
factory paintings have been secured
from an eighty-foot ledge.
A deal has just been closed involv-
ing the transfer of twenty-five claims
in the Crystal Springs section Of the
Bullfrog district from ]. r. Bryan and
others to W. F. Band of San Francisco
IOT u CO1SlueTdIlOl l1OC SldIeQ.
The Starlight group of seven claims
adjoining the. Mayflower on the north
has been taken over by the Mayflower
people The amount given out is $72,-
500 cash. A feature OF the transaction
is that the deal was closed, a company
organized and the first block of treas
ury stock oversubscribed in less than
forty-eight hours. The officers and di-
rectors of the new corporation are w.
A A ~ Ii
president; j. b. Lindsay, secretary and
treasurer; L. o. Ray and John T..
Overbury
The Poorman group of claims adjoin-
ing the Amethyst has been sold by
Sam Lindsay and j. b. Dugan to o. p.
Posey and w. e. Mitchell for $15, 900. it
is understood that the new owners Will
incorporate company to handle the
property.
Can MAKE Gold Grow"
J. Addison Marshal of Sacramento,
CAL, is the inventor Of new process
by which he claims to be able to show
that gold and silver can be grown
from the base minerals and earths, in
much the same way that vegetables
are grown, save that metals grow by
the formation of that little object, the
crystal instead of by building up by
cells.
He calls his new discovery the dyno-
lectric system. In his opinion it is a
revolution of gold getting, and sys-
tenn of combining the forces of heat,
electricity and chemical action where
by the precious metals are obtained in
paying quantities from forces never be-
fore spspected. 1t involves the analysis
and application of the same laws OF
nature, by forced process. so to speak,
which caused the formation or placed
the precious metals in the earths crust.
In giving an outline of his expert
ments, which were of strictly chem
ical nature, Mr.. Marshal says "I
found gold and silver appearing in the
earthly material upon which I was
experimenting which could not be
found or accounted for by accepted
methods: that Is to say, the fire assay
and chemical analysis. With thesD
methods also appeared a certain form
of red iron, which amalgamated with
mercury the same as the precious
metals, but which ordinary iron does
not do, and llch was changed con-
dition OF iron, and, / learned later. was
iron in process of change to the pre-
cious metals. But the discovery thus
made, though astounding. as a chemical