Los Angeles herald., 1906-04-01
Gaaa :!!' s&9 J;
Immense WEALTH
| STARTS CAMP.
EXCITEMENT AT MANHATTAN
UNABATED.
Los Angeles Capitalists VIII Form Big
compsnyTto Develop Many Vail
liable Claims In New
Dlgglngs
-

special TO i ne kterdlu.
GoLDFIELD. New. March 17.--Ex-
element at Manhattan CONTINUES un-
abated. Days OF the old Comstock are
being repeated. The last, week Of
Manhattans growth has developed a
camp which is the wonder Of the min
ling world.
Carloads Of rich ore showing free
gold are hauled openly through the
streets Of Goldfeld. The Annie Laurie
Of the Manhattan Mining company has
made It's first shipment of ore to Gold
field, sending twenty tons of quartz
which averaged $500 to the ton. This
shipment was run through the Gardner
mill.
For six days the Briggs lease actual
ly averaged an output of $100 an hour.
Men purporting to be agents Of
Charles M. Schwab and John w. Gates
are quietly obtaining properties Sales
aggregating q total value OF s2,000.000
are reported to have been made in the
month OF February
The town of Manhattan. which boast
ed OF six tents and fifty souls less than
ninety days ago. has now a popoula-
tion of 1000. which is being auginentS
ed at the rate of 100 a day. The pros
pector has blazed the way and now
the capitalist, the speculator, the mer+
chant and the tradesnfan follow In
MS Wdke.. DeilJ OIl TtdpLIiE Lne reward
that usually comes to him who Is IN
at the birth of q great gold-mining
camp.
In the opinion Of the most far-see-
ing nothing can prevail.to stop a world
beating production at Manhattan. Min
ing ia a, simpler matter at Manhattan.
that at any other gold camp inFNe-
vada. Wood grows on the hillsides
and can be had for the taking. In the
n a fo1Ir rf,rnhaoa1 HIy ~
geles, capitalists water can be devsf-
oped in inexhaustible quantities at 100
feet. The ore Is free milling and Is
obtained from the grass. roots down.
On the score of pcrnanency Of ore
deposits 1T is a fact that the high
values in Manhattan are invariably
found in true flssure veins. and min
ing experts ask for no better evidence
Of depth than the presence Of fissures,
Already the output Of high-grade ore
for the first three months equals the
combined production of Johannesburg.
Cripple Creek and Goldheld for the
similar period.
Upwards of two hundred leasers are
working full shifts of men and the
sand sacks Of ore, which will average
in value 5000 per ton in gold. Ore that
does not go 800 ton is thrown on
the dump and left there for future
redemption. Only the very rich ore
Is sacked for immediate shipment to
the smelters by mule team.
Tonopah capital is now building an
excellent wagon. road into Manhattan,
which will cut down the route to aboutS
fifty miles. Traffic Manager. 6. S. Fee
Of the Southern Pacific is quoted as
saying that railroad has been pro-
jected into Manhattan.
One hundred thousand %doliars has
been offered and refused for the May
flower claim. The Big Four and Last
Chance Fraction have been sold to
Koontz &c Matkin of Goldfiead; con-
ties lately bought the Bronco; price
not known.
los Angeles capital has lately Sc
cured magnificent property of five
clalms-the Ohio. Kansas. Nevada,
Pennsylvania and California-which
lie contiguous and cover the side Of
mountain in which the great masses
of gold are packed They are incor-
porsting under the name Of the Great
er Manhattan Consolidated Mining
company: capital, 1000, 900.
Eastern demand for Manhattan
stocks has been very strong, 80 that
new companies find no difficulty in
engaging eastern capital to develop
their properties. such as was expert.
enced in the enrly days of Tonopah,
Goldfield and Bullfrog.
Among the Los Angeles capitalists
who are interested In the purchase OF
the Greater Manhattan claims nrc 4.
NJ. Wolf. George Ridenbaugh. Walter
Hansen'and ]. NJ. Graybill. The claims
lie northwest of the town along the
five-foot vein referred to IN the fore
going dispatch. The ore -frec-rnill-
Ing and surface ASSAYS show excellent
values. The company is now being In
corrorated and the charter members
who buy In will elect their own Of
ficers from among their own number.
This will be tho first Manhattan gold
mine company to be organized. owned
and operated by Los Angeles. capital
lists. The popular price OF three cents
a share of 81 par value ia the price at
which stock Is 1loaied to tho. initial
purchasers. Tho office OF the company
Is at the Pacific Coast Mines hursau,
421 Chamber Of Commerce huilJiDg.
h Ses------ ~