davidaulloa/AmericanStories huggingface dataset:
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15
|BIG JUMP
IN SILVER
PICK STOCK
, easers Get Big Ore on This
Eavorite Ground and Blocks
for Leasing are In
Great Demand
srocK TAKES A GREAT RISE

,o.sers on the silver Pick have brok-
,u,o si4o ore at a depth of only 100
-, The Importance of this strike is
.sootea by the intense activity which
"a. stock shows in the weeks stock
market. During Friday afternoons ses-
.,or of the local stock exchange, $4,000
.hares of this stock changed hands and
.hs nriee advanced from SO at the open
.ns 10 II at the close. with demand
strong and unsatisfied.
once more the leasing system is prov
ing its value in finding ore and making
mines. What leasers did for Jumbo,
January, Mohawk and others in making
fortunes for themselves, is confidently
axnected to be repeated on Silver Pick.
Every available foot of this ground is
under lease and development is being
nushed on all of them with feverish
haste. That these leasers will open ore
bod,es of great value has been the opin-
ion of all mining men familiar with the
property.
seven dollar ore covers the entire
bottom OF the b0-IOOI Sndlt CI TIC OilNeT
pick Leasing & Mining company. Two
shifts of men are at work in this shaft,
sinking for the 2o0-foot level, where the
management expects to encounter high
grade values such as are found on the
Mohawk at that depth. They have Is
h.p. gasoline hoist now in transit and
preparations are being made for it's i'm
mediate installation upon arrival.
crosscut from the 100 level on the
Potter lease on Silver Pick has IL feet
of s4 values. On the Lou Dillon, just
west of Silver Pick, float similar to the
January ore is being found in the new
shaft of the Silver Pick Leasing & Min
ing company. The Irving-Porter lease
on this claim is working in rock which
shows fine colors in the pan.
Silver Pick and Lou Dillon, on the
heretofore despised flats, seem destined
to rival Mohawk or any of the big pro-
ducers which have made Goldfeld IA
nous.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15
LEASING COMPANY
SEEKING MOHAWK ORE

During the past few weeks several
new shafts have been started on the
Mohawk No. l claim, and it is now a
race to get to the ore in the fewest pos
sible days. The shaft of the Mohawk
Consolidated Leasing company is going
down between eight and nine feet each
day and as soon as their electric hoist
is installed still better time is expected,
The manager says he will be shipping
ore by the middle of October
The company also has lease on the
Silver Pick, where work will be started
soon Silver Pick seems to be the
leasers coming paradise. Almost the
entire property is covered by leases, and
scores of shafts are being put down.
All the leasers believe that the rich Mo-
hawk veins run into that ground.
The Mohawk Consolidated Leasing
company has exceptionally good ground.
Its two leases on the Mohawk occupy
the extreme southern end of Mohawk
No / claim and are near neighbors Of
the Haley, the Bradbury and the Kalfns
leases, while it's Silver Pick lease Is
practically a continuation of its Mohawk
ground NJ G. Scully, the president aud
manager of the company, has operated
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15

Greenwater, the new copper district of
which so much has been said during the
past few months, is gaining prominence
by leaps and bounds. Such noted capi-
talists and investors as Charles NJ
Schwab, F. Augustus Heinze, United
States Senator w. A. Clark of Montana,
John D. Ryan, president of the Ana
conda Copper Mining company Patsy
Clark, the Spokane millionaire, Malcolm
l.. Macdonald, and the Amalgamated
Copper company, have all, either per-
sonally, or through their agents, recent
ly visited the scene of activity near
Death valley and have acquired large
holdings.
The pronounced success of Patsy
Clark in the Furnace Creek Copper CON-
pany, and the wonderful showings al
ready made there by the little develop
ment work done, have apparently ex-
cited the copper world. The rush mas
been on for some weeks and the pros
pector has been followed by the million
aire in the eager desire to acquire hold
ings in what promises to be another
Butte district Latest of the eastern
capitalists to take over claims in the
Greenwater district, are those Of the
John w. Gates crowd, New YORK. MI.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15
GREENWATER ATTRACTING PROMINENT MEN

ment of these capitalists amounted to
yet it is conceded to be large Through
Mr.. Rogers. who is president of the
company, the Gates people have taken
big block of the stock in this COM
pany.
1t is expected that Mr.. Rogers and
Charles Gates, son of John w. Gates,
and perhaps the steel magnate himself,
will visit Greenwater before snow flies
and inspect their holdings in that dis
trict. 1t is known that these high
financiers are determined to acquire
very extensive holdings in the Southern
Nevada district, as well as in Green
water. at no late date. The local people
interested with Gates and Rogers in the
Greenwater Furnace Creek Copper
Mining company are: j. II. Macmillan,
vice president; II. w. Boyer, secretary;
James Degan of the Nye & Ormsby
County Bank. treasurer, and W. S. Will
liams, director The company has a
capitalization of 1,250,000 shares, par
value s1.O0. with 100000 shares of stock
in the treasury. The officers of the COM
pany are to be with the Charles Gates
company, Trinity Building and Waldorf
Astoria, New York and with the Gold
field Company, bankers and brokers.
Goldfeld.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15

Gates, the steel magnate, together with
his partners Charles Gates, John A.
Drake and r. NJ. Rogers. have within
the past year engaged in minirg for
precious metals, and there seems to be a
determination on their part to ger in
heavily in the best known mining fields
on this continent. The enthusiasm dis
played by the Schwab, Heinze and Clark
people regarding the merits of the
Greenwater district has stirred the
Gates people to action, and they have
lost no time in having thorough exam
nations made of this new district. That
they have been entirely satisfied by the
reports made on the merits of Green
water is assured. The last eminent min
ing engineer to report to the Gates on
Greenwater was Homer Wilson, who
speaks only in glowing terms of that
section of the country. Mr.. Wilson is
an engineer in whose judgment the east
ern mining investors have unbounded
faith. and it is upon his report and rec
ommendation that Messrs. Gates and
Rogers became heavily interested in the
several claims adjoining the Schwab
holdings. and organized a corporation to
be known as the Greenwater Furnace
Creek Copper Mining company.
1t is not known just what the invest
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15
ON
ATLANTA IN
GOOD ROCK
Century Leasing Company Gets
Large Ledge at 250.FOot
Level, and Conditions
Favor ShippingOre
NOTWITHSTANDING ORE ZONE

On Friday morning a News represent
ative visited the Atlanta ground to ex-
anime what promises to be a good strike
The find. the value of which is not yet
known, is in the 250-foot level in the
Century Leasing company's workings
and was broken into on Thursday even
ing. The ledge. which is very strong is
of the finest sulphide quartz and evil
IDENTIFY of big proportions although it
has not been crosscut The indications
on this lease have always been most
favorable and since the ore zone has, it
is felt, been entered all hands have daily
been expecting something big. The lease
is splendidly equipped with hoist and
all the requirements of successful min
ing and should this rock prove the ore
there will be no vexatious delay for i'm
proved facilities.
The rich strike on the January Jones
Cornishman lease is within a hundred
yards of the Atlanta line and the trend
of the whole ore system appears to be
through the Atlanta claims. Within a
month there will be six or eight hoists
at work on the estate.
Several new shafts have been started
by leasers on the Atlanta and the ground
presents the appearance of a colony of
great ants. The Jim Blake lease has
started sinking and the hole is now 20
feet deep. The shaft is collared in good
shape and is cutting a porphyry blow
out which carries encouraging values
and in places pans.
The Goldfield Imperial Mining COM
pany has secured lease on the Atlanta
which will be worked in conjunction
with other holdings in the district. 1t
to sink 300 feet and introduce an engine
on the ground at once.
The Felix Atlanta Leasing company is
another new combination working on the
Atlanta. The principals of this lease
last year worked 10 months on block
of the ground and while no pay ore was
had their faith in the future of the
block is so strong that with renewed
capital they are again tackling the situ-
alton. The old shaft was sunk so feet
and 200 feet of crosscutting and drift
ing was done. This time the working
shaft has been located about 100 feet
northeast of the old working and about
is feet east of the ledge The shaft will
be sunk 400 feet and a hoist will be in
stalled before the end of the month.
The Atlanta Leasing company has
finished squaring up the old shaft and
sinking has been resumed. Two shifts
are working and the depth attained is
now about 10 feet. The old drifts and
crosscuts return encouraging assays at
every point and there is no doubt that
development will make a mine of the
ground.
The Atlanta Mines company is await
ing the arrival of new hoist which is
now on the way.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15
FAIRvIEw AZTEC LARGELY
INCREASES ITS WORKING FORCE

Encouraged by the late fabulous finds
on the Fairview Eagle and by most fav-
orable indications on their own estate.
the management of the Fairview Aztsc
have increased the working force to the
capacity of the diggings and are push
ing developments with all possible dis
patch. A 35-h.p. Fairbanks-Morse hoist
has been ordered and will be installed
at the shaft as soon as possible. AS
depth is attained the symptoms improve
rapidly and there seems no doubt but
that the Aztec will with a little time
prove herself another of Fairview's
growing list of shippers The rich
Eagle ore is but 800 feet from Aztec
ground on a ledge that is easily trace
able across the border. Excellent show
ings are being made by the Pyramid and
Smith Syndicate on lodges that trend
northerly for the Aztec domain whose
south side line is identical with the
north end lines of those two groups.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15
TONOFAH
PAYS BIG
DIVIDENDS
Tonopah Belmont to Distribute
10 Cents Per Share and Tono-
pah Midway 5Cents---Botfl
Mines In Fine Shape
OWN NEW MILL AT MILI.ERs

The Tonopah Belmont Developing
company. owning the famous roncpah
Belmont nina has declared dividend
of 10 cents share on the capital stock
of the company. The dividend is made
payable or and after September 21st TO
stockholders properly registered on
September nth. This is the regular
quarterly dividend of the company and
is the second that has been paid. divi-
dend of 10 cents per share was PAID
three months ago. Ill reports from the
Belmont property are to the effect that
the mine is In magnificent condition and
upon the completion of the mill at Mil
Iers Siding. enabling the handling OF
the mines immense bodies of low grade
ore. regular quarterly dividend from
this time forth is assured.
The Tonopah Midway Mining com
pany has also declared a dividend, the
rate being S cents a share. the time OF
payment October LIST. The mine Of the
Midway company and its treasury are
in excellent shape and regular divi-
dend will be forthcoming
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15
COMMENTS ON DROP
IN ToNoPAH EXTENSION

large number of spectators were
severely hit by the sensational drop in
Tonopah Extension, Charles M. Schwabs s
gold mining venture, and inquiries are
now being made as to why there has
been no recovery in the shares-they
slumped from SIS to below 81. Philadel-
phia people suffered heavy losses, and a
dispatch from that city comments on
the recent slump and the aftermath
thus: "The slump some weeks ago was
generally attributed to internal bicker-
ings among the Schwab forces, but al
though assurances were later given that
these differences had been adjusted, the
stock has not since recovered to over $6.
In the fiscal year ended April 30, 1906
the company shipped 22,050 tons of ore
10 the smelters, for which 1t received
an average net return of $24.49 per ton.
In round figures this would allow or
Iroht for the year of $4,000. The COM
pany is now shipping double the ton
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15
GOLD BAR is BEING
EXPLORED BY MANY LEASES

The Gold Bar is working along in
good style and very rapid progress is
made with the machine drills The
drifts are in a great quartz ledge which
carries Sc and IS values, Manager Louis
Koontz is absent at present being called
to Pittsburg on company business. In
his absence Superintendent Tom Lynch
is holding the fort. The leases on the
Gold Bar and C. o. d. ground are all
working energetically on the prelimin-
airy work and the development is going
with swing which accompanies the
backing of strong treasures.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15
MINING COMPANY
SINKING TO A GREATER DEPTH

With the new hoist in place on the
Annie Laurie claim, the Manhattan Min
ing company, in control of that prop
erty, is employing every possible means
to arrive at the depth which is expected
to disclose shipping values in quantity.
The management will sink to a depth of
500 feet before they begin stoping on
the vein which all along has yielded
fattering assay returns and maintains a
healthy size. Meanwhile the shaft is
being retimbered. AS the shaft goes
down the values go up and those who
have made recent examinations are more
than pleased with it's present status.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15

cut from the inclined shaft at 60 feet
At this point, it is said. there is 241s
feet of ore which is of ship
ping grade. going about SIS. There is
now $4,000 worth of shipping ore in
sight on the property.
On the Ramsey Mining company's
Rather No. 2 a shaft is down Ga feet
and prosecuting has commenced. The
entire face of the crosscut which is in
the dyke assays SIS. In 10 feet it is ex-
pected the ore shoot will be encountered.
On the Ramsey Red Mountain COM
pany milling ore has been opened up
on the surface in two places. On tie
Lone Jack claim purchased last week By
Reynolds for the firm of Thos. S. n"Dln-
son & Co., an 1S-inch streak of ore
which goes $500 has been discovered N
the surface and the balance of the ledS
20 feet, averages $3.50. This clai,a is
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15

mage of last year, and lower reduction
charges and more economical methods in
handling since in effect should allow or
a greater average net profit than was
possible last year.
"The company has contract with the
American Smelling company, permitting
the shipment of 900 tons of ore per
week until May Is. 1907. 1t will then
be permitted to ship 5000 tons per week.
At present it is shipping on an average
rate of 500 tons per week, or at the rate
of 10000 tons per year. In view of the
facts cited, it is not unreasonable to be-
lieve that the company is now earning
at or near the rate of $1,000 per an
mum. It's last dividend was paid in
April at the rate of Is cents per share,
calling for the disbursement of nearly
s150,OO0. No dividend has since been
declared or paid and there has been
some inquiry as to what the company
intends doing with the considerable
cash sums which it now must have in
the treasury"
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15
CONDOR LEASE is IMPROVING
AND LOOKS BETTER THAN EVER

The Condor Mining and Leasing COM
pany's workings are looking better at
this time than ever before. The cross
cut to the northeast is in about 90 feet
and on Tuesday a diorite wall was en-
tered which is heavily sulphided and
promises well. Superintendent Harris
is of the opinion that when the vein
filling is penetrated some good values
viii be had. The company is working
two shifts and the plant is assuming the
ship-shape appearance of well handled
property. Some encouraging values are
being had in the working to the south
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15
FAIRVIEW EAGLE BIG ASSAYS

growing in both magnitude and richness
as depth is attained. A large stratum
on the footwall side of the shaft reveal
ed the $557.S0 value above quoted From
the west side of the bottom of the shaft
came the leanest value, 1888, taken from
a bunch of lime and manganese. No. 10
is from white quartz and Nos. 20 and
81 from the east side of the shaft, near
it's bottom.
Superintendent Morris closes his let
ter to Mr.. Wingfield with the asserted
opinion that revelations to date should
send the Eagle stock to 81 and that the
mine is worth over a million dollars of
any mans money. Others who have
seen the diggings are even more ex-
travagant in their estimates than the
conservative superintendent, who gave
out no news of the strikes until he had
carefully confirmed first impressions.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15

About 80 tons of ore which main
tained an average value of nearly $3.50
the ton was shipped this week from the
Higginson lease on the Jumbo Exten-
sion. This lease has been in some good
ore for the past two months as The
News announced some time ago, but un-
til this week not enough had yielded
to development to make a shipment, The
leasers are developing now at a rapid
rate and it is understood that hoist
will soon be installed. From time to
time very rich pockets are found In the
Jumbo Extension ana it is scarcely
known whether or not the solid forma-
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15
RAMSEY DISTRICT RECEIVING WIDE ATTENTION

about Az miles from the Mayne-Clark
strike and on the same ledge, it is be-
lieved.
Three shifts are engaged in sinking
shaft in the ore which is being saved
as 1t comes out. BY the end of next
week Mr.. Reynolds states a shipment of
100 tons will be made maintaining an
average value of about $40.
The town is growing rapidly. The
population is now about 300 people. A
hotel of pretentious dimensions is being
erected and two two-story frame build
ings are also going up. The age of ma
ehinery is dawning in the district On
both the Ramsey Mining company and
the Ramsey Comstoek whims are being
introduced to serve until the gasoline
hoists ordered by these companies have
arrived. Mr.. Reynolds predicts that in
six months time the ehug of hoistss will
be heard in line at least six miles long
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15

Jack Reynolds has returned from the
Ramsey district bringing the news that
w. E. Sharon of Virginia City fame
and one of the best known mining men
of the continent has with II. M. Yering-
ton, owner of the Virginia City and
Truckee railroad purchased an in
terest in the Ramsey Mining company
and the Red Mountain Mining company.
Mr.. Sharon, after thorough examina-
tion of these properties and the district,
according to Mr.. Reynolds, states with
out hesitancy that the Ramsey district
has without doubt the continuation OF
the old Comstock system. Mr.. Reynolds
is very enthusiastic over the various
properties of the camp and from his re-
port the work of mine making is evil
IDENTIFY progressing rapidly
The Ramsey Comstock Mining cor
pany has caught the ore body in cross
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15

successfully in GoIdfield since the camp
started. He is the president also of the
Keystone Mining company and tile
Joshua Mining company in Goldfeld AMI
of a half dozen other companies n the
other camps. The Leasing company evi-
IDENTIFY intends utilizing his experience.
The other officers are: T. e. Edwards,
of Tonopah and one of the origina. own
ers of the Montgomery -shoshoae, vice
president Judge III. NJ Farnam of
Goldfeld, secretary. A. J. Norton, of
Goldheld, treasurer, and George W.
Austin. the well known real estate man
of Oakland, the additional director The
company has its Offices with A. j. Nor
ton & Co.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15
GoLDFIELD MINING FORMS
TWO NEW COMPANIES

Two outlying groups of claims be-
longing to the Goldfield Mining company
have been incorporated into separate
companies. One will be known as the
Crackerjack Mining company adjoining
the Adams Goldfeld Mining company;
the second is the Red Hills Mining com
pany The officers and directors are
practically those of the mother com
pany and work will begin on both very
shortly. The stockholders in the Gold
field Mining company will receive shares
in the new companies pro rata to their
original holdings.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15
GOULD AND "BORAX" SMITH
JOIN TO BUILD NEW ROAD

Gould interests have been con-
in Tonopah and
will be continued on hrough
Manhattan and VIII connect win the
nsur1ng o con-
scarcely De over
it is expected hat trains
the The from
records railroad puhd
ing shou be
The Bufrog pushed through with all
December The
President
be built unless Clark should
baekd (which $ not
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15
JONES PREPARING TO HOIST
BIG TONNAGE FROM LEASE

On
gallow bins
dsome me ago $
rchs n
will be
shipl
b on the orefr 17sfcot level y
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15

According to David Disque who has
lately returned from the Reese River
country there will be at no very distant
date rush OF gold seekers to that re-
gion- Mr. Disque spent considerable
time on the Reese River this summer
and reports that the outlook is excellent.
He brought in some samples from his
own claims there. and upon assay they
yielded $40 in gold and from to IL per
cent copper. The valley is very fertile
and the place is well timbered.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15

The so-h.p. hoist ordered by the
Florence Leasing and Mining company
has been shipped from Denver and will
be in place probably before the end of
the month. The big triplicate pump
has already arrived. 1t should not be
long now before the ore is being worked
on a very large scale.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15

The Panyan Mining company's shaft
is down 130 feet and an inclined drift
to the east has been started. The shaft
is also an incline on the ledge which is
s feet wide. and yields to an average
sampllng from one wall to the other
s12sO. This is the result of IS assays.
The ledge which Is heavy sulphide Is
pointing directly to the mountain and
maintains an angle of about s3 degrees.
Superintendent Archer finds 1t difficult
to keep good men ct this distance from
camp and Is handicapped accordingly.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15
roRrx-rooT LEDGE or
TxE JUsx1o LEAsrNG CO.

A big ledge 40 feet wide and carrying
values from Sc to $40 is being ex-
plored by the Jumbo Leasing and De-
veloping COMPANY in it's Florence lease.
This block adjoins the January Jones
lease and the pay ledge in that prop
erty is heading straight for the Jumbo
Leasing & Developing company's ground.
Work at present takes the form of drift
ing on the big ledge at depth of so
feet. 1t is expected that junction
will soon be encountered with high
values.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-15
BURNs LEASE RECEIVES
ITS BIG GASOLINE HOIST

The 15-h.p gasoline hoist which was
ordered long since for the Burns Lease
Qnc.) on the Combination Fraction has
arrived and is now in place On Tues
day when The News representative
visited the lease the engine was running
smoothly and giving great satisfaction
Sinking had been resumed