The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-07-21


D.. a., Columbus, o-The Bullfrog
Jumbo Mining company is incorporated
under the laws of the state of Arizona,
with a capitalization of 3.0OO.000 shares
of a mar value of so cents per share, of
which 100000 shares of stock were
placed in the treasury for development
The property owned by the
consists of two claims, accord
ing to the prospectus I'm the very heart
of the rich Bullfrog district" Unfor-
for the accuracy OF this state
ment it is Immediately explained that
the Native Son and Native Daughter
claims owned by h company, are To-
Gated about one mile north and a little
to the west of a mountain, while
the January. February and World won
der claims are situated two miles east.
We do not say that these claims may
not be we'll located from a prospective
standpoint, but we do not think they
can properly be described as being in
the very heart of the district" Neither
is IT any special advantage to the claims
to describe what has been done on prop
critics distant from them from one TO
three miles. Treasury stock In the COM
pany was sold at 6 cents n remember
ing that this equivalent to is cents In
the case of a company capitalized with
1 900 900 shares, the price seems rather
high for wholly undeveloped prospect
property.
A. r. B., westboro, Mass.-The Sho-
shone Bullfrog Mining company owns
7 claims about p, 900 feet northeast OF
the Montgomery Shoshone properties
and adjoining the Amethyst group. The
company is an Arizona corporation capt.
talized at 1000, 900 shares of which
400. 900 shares belong to the treasury.
The stock is listed on the San Fran
cisco board but there is no market Tor
n owing to gross mishandling of the
company's affairs. Quite recently a re-
organization netting was held and the
following officers elected: Milton Detch,
PRESIDENT; r. F. Carney, secretary; w. l.
Booth, manager and w. B. Ogden, attor-
ney. The new management VIII 10 It's
best to straighten out the ompany
affairs and in order to gain the means
to develop will probably increase the
Capitalization. There is also a Sho-
shone Bullfrog Gold Mining company OF
which The News can learn little or
nothing other thar it's territory adj
Joins that of the company just dealt
with. 1t is possible you may refer to
this latter corporation. Inauirers VIII
facilitate the work oe inyestiga-
ton by Incorporating the full name In
their queries.
D. c.. g., Oakland, Cal.-We have made
repeated replies to inquiries about the
Bulls & Bears. The ground belonging
to the Bulls & Bears company was sold
to DIR. Norcross of Butte, Mont. DR..
Norcross lately put three of the claims
into the Norcross company which he or
ganized; the other three claims he still
holds. Attorney John Hubert Nee who
negotiated the sale of the property or
the Bulls & Bears to the N%orcross peo-
pie, before the earthquake, resided at
southwest corner of Clay and Fillmore
street. San Francisco, and 1t was to
him that stockholders in the old Bulls
e. Bears were to look for set
Element. Since the earthquake, Attor-
ney Nee must nave got lost in the shut
file, as repeated attempts to reach him
at his old address have failed and The
News has heard nothing from him from
I'LL III duQICoos AHAP
would correspond with DR.. Norcross of
Butte. Mont, you might get more light
or the subject.
J. r. W., Elmira, n. Y.-The News
learns after extensive investigation that
very little hope is entertained by those
most nearly connected with Shoshone
Extension Bullfrog Gold Mining COM
pany for it's future. The company's
holdings are seven well located claims
near the original Shoshone company
and the company in question was loated
under very suspicious conditions. Only
a small block of stock was sold and the
results put into the ground. A fair
market had been built up for 1t when
the failure of a firm of promoters broke
the ownership pool and threw over 1885,
900 shares upon the public at " cent a
share. Under these conditions nothing
could be raised upon the treasury stock.
The only hope lies in ]. C. Mccormack
who is now in the east making an effort
to sell some of the stock for treasury
purposes. All shares that could be Sc
cured are now in pool with him.
G. 8. r., philadelphia, Pa.-The Grape
vine Mining company own IL claims
in the Grapevine range about 80
miles south of Goldfeld. Considerable
work has been lone upon the ground by
A shaft is down IS feet and
assays from a small streak in a 20-foot
drift returns 1920 per IN. The ledge
is three feet wide. Another contract
additional work is just about to be
let and the prospects are apparently
good. Several other smaller shafts have
been sunk, in all about 800 feet of shaft
work. The company's officers are e. M.
Binford. president and superintendent;
F. G. Cox vice president and G. s. john
son secretary and treasurer.
J. A. d. 1Eilwaukee.-The Annie
Laurie and Snow Drift claims in the
Manhattan district constitute the ter
ritory of the Manhattan Mining COM
of Nevada. The location is good
and the property is the subject of
steady development, four or five men
being employed on the ground. A steam
hoist has been ordered and the shaft
will be sunk from its present depth of
80 feet to the 350-foot mark. A recent