The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1906-12-06
SAMPLE ARTICLE
FROM GOLDFIELD
CHARACTER OF ARTICLES PUB
L1SHED IN THE RECORDER, A
FRISCO FINANCIAL PAPER.

FRISCO FINANCIAL PAPER.
The Recorder daily financial pa
per of considerable circulation. publish
ed in san Francisco, devotes a good
deal Of attention to the affairs of the
Goldfc,d mining region. The follow
ing is a sample of articles published
almost daily i'm its columns:
GOLDFIELD, Nevada, Nov. 19.-The
profits that have accrued to investors
in Goldfeld stocks by the recent rise
in the price Of these securities is vari-
ously estimated here at from $4,000 900
to 500, 100000. The largest profits We're
made by those who acquired their hold
ings at the promotion period of the
various mining companies operating
here. when stocks that are now selling
for dollars were selling for cents. Red
Top, which is now selling around S. per
share, was sold here originally at 10
cents. Mohawk, which is now selling
around $40 was sold to spectators and
investors at % cents. Jumbo, which is
now commanding s. per share, cost the
original holders 25 cents. Forty other
stocks of Goldfeld, Tonopah nd Bull
frog. originally promoted on a basis of
25 cents net to the companies, have
supplied as many examples.
The tremendous profits earned are
now seeking investment here and are
being placed in new companies operat-
ing in surrounding districts. The edu-
Gated money, that is to say, the money
of mining men on the ground, Is all
going in this direction. Within the
past two months Fairview Eagle was
sold to the public at go cents per
share. It is now listed on the mining
exchange of the country and selling
around $3.50. Fairview Eagles Nest
was sold by subscription at So cents
per share and is now selling around
50 cents. Fairvf6w stock of merits
have the call here now, and new com
panies that are receiving subscriptions
for treasury stock at from % to so
cents per share are literally swamped
with subscriptions as soon as their
books are opened The Fairview dis
trict is making good.
Within the heart Of the Fairview dis
trict at this time are seven properties,
half of which could be shipping high
grade ore, were it not for the conser-
vative policy which is being pursued
by their arrangements. The Nevada
Hills mine has been shipping upwards
Of 100000 monthly since July, the ore
assaying from $3.50 to S2500 per ton, with
occasional shipments running as high
as $4,000 per ton. The next regular
shipper from this camp will be the
Wingfeld-NiXon property, known as
the Fairview Eagle, which could be
shipping ore which would sack $1O0 to
$500 per ton, a considerable quantity
of this character of ore having been
sacked during the sinking of the shaft
that is opening up the principal north
and south vein of the district, known
as the Wingfield vein. This shaft is
passing through ore which is increas-
ing in richness with depth, but since it's
true character has been demonstrated,
the management has been devoting it's
entire attention to opening up the great
ore bodies which have been encounter
ed therein. At a depth of rs feet the
shaft being sunk through solid ore.
neither foot nor hanging wall having
been encountred. This shaft is less
than 200 feet from the Eagles Nest
Fairview, in which the same vein was
encountered a few days ago at a depth
OF ~ feet. There is every reason to
believe that with the same depth the
Eagles Nest will be able to sack and
ship ore equally rich.
With the same vein being opened IN
in the ground of the HaiIstone Con-
pahy' both Sullivan properties, equip
ped with complete surface and hosting
plants, and under the usual vigorous
development methods of Vice-President
and General Manager John d. Camn-
Dell, 1t is safe to place these two mon
critics as the next shippers in the camn
IL is seldom that the initial wears
development of a single camp has 81
completely demonstrated the richness
ana permamency of the ore bod &c
such as mas been done in FairyieW. So
thoroughly have the business interests
Oh the camp been satisfied with the
truth Of this opinion that thew are nou,
completing tne subscriptions necessar,,
LOT the FUNDS needed to construct two
iiliIes Oh electric railroad to connect the
hearI Oh the camp with the town. This
raiiroad VIII tap the principal mining
properties, assing by the Nevada Hills
the Fairview Eagle, the Eagles Nest
and the Hailstone, having its rnno,.
terminus on or near this latter mine
The railroad will afford more rand and
economical transportation of the ores
VI THESE properties, together with those
OF the Dronedary Hump, the Aztec
the Nevada Hills Leasing Comnanv
and few others whose develonnent
has not yet warranted their entry TO
the ranks of the shipping list.
The idea is thoroughly in keeping
with the enterprise which has put this
camp in such an enviable position in so
snort time. With the company the
coming of the railroad and of annie
water supplies by means Of a new pine
line, the Fairview district is fo,.gi,o.