The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-02-05


four sets of leases have been let, and
these men are in ore. On the Bond lease
the shaft is all in ore and some of It as
says $50 900 to the ton Such an assay
could only come from a specimen streak,
end is good as far as it goes, but the day
has gone by when boosters can make the
world believe that much Of this Gloss of
rock IS ever shipped TO mills or shelters.
However, when ore. like this is found in
any quantity there is always a body of
high shipping ore, and the owner is an
extremely fortunate man.
All Are Specializing.
BY the way. it should have been noted
above that the lessees have also acquired
the speculation craze. Thus they are
working but haIf-heartedly. These are
poor men for the most part and are also
prcspectors and miners. As soon as they
acquire q lease on good ground they
body and many trades have been made Of
this class. Prices are high when the
lease Is Ia ore, but there is always money
coming forward from somewhere to be
Invested in a good thing, no matter what
the price.
The Manhattan company, an organiza-
ton Of G0ldfie1d capitalists, bought the
Cracker Jack and Little Joe claims for
$4,000. The same company purchased the
Granny Elephant, Tiger. October, Sun
Down and Triangle claims for $4,000.
Lots in the lower part OF the townsI site
which were two weeks ago selling for 500
are now changing hands at $1,000. This is
at the forks Of the canyon and was at
first thought a little out of the way:
Other lots that reached the price of 500
two weeks ago are also selling at $I0O0.
Higher priced properties up town are held
at $4,000 and 5000 but there have been
few sales within the past week All lots
were held at 800 three months ago.
Branch Banks Opened.
The Nye & Ormsby County Bank and
the State Bank & Trust company nave
both opened branch banks.
The Bank of Manhattan, an independ-
emf institution, has been organized with d
capital Of 100000, Of which $4,000 is paid
The Manhattan-Tonopah Brokerage Co.
has been organized. George H Bartlett,
president; Walter H Whitmore, vice
president, and c. H. Barry, secretary and
6. 5. johnson Of Goldfield has secured
an option on the St George and Virginia
properties, the price being $4,000. These
properties ad1oin the Stray Dog and are
numbered among the best prospects in
camp. Mr.. Johnson and his engineers
have examined the properties thorough
IL and are enthusiastic over them Two
shifts will start work at once Mr.. john
son is still in camp and is negotiating for
the purchase Of some Of the highest
priced ground in camp.
I,essees on the Big Pine claim are in
The Mayflower Iessees are all in ore
and piles Of sacks are numerous and
large.
are still taking out rich ore, and the
vide ledge on No. I continues to hold its
width and high values.
Harry Hudson is in ore running to very
high values on Stray Dog. Briggs and
Evans shipped forty tons from their lease
or Union No. 8 last week. The ore was
hauled to Tonopah by the San Antonio
read This road is getting cut up badly
by the heavy traffic going both ways.
New Automobile Road.
The new automobile road from Tono-
pah is now completed a distance Of forty
miles from TonOpah and the graders will
reach camp within two weeks. Five aU-
tCmObile companies are in operation. The
fare is still SIS both ways The stage fare
is ST both ways A young man who has
been operating his own powerful automO-
bile is earning an average Of 500 per day
by making one round trip between Tono-
pah and Manhattan per day. This rec
ord may be beaten by some Of the com
pany automobiles, but these machines are
subject to frequent accidents, because
they carry from ten to fifteen passengers,
and the cost Of gasoline and constant re-
pairs eats into the profits. One of the
large machines was stalled the other day
about twelve miles out with eight pas
sergers The owners paid $3.50 to another
automobile to drag them through.