The morning Astorian. [volume] (Astoria, Oregon) 1899-1930, 1906-02-24

Peter Grant, formerly Of this city,
but now Of Goldicld., Nevada, il in the
city, on brief visit with the home
folks, and enjoying himself thoroughly
with old friends.
In response to rcportorial inquiry
yesterday, made in behalf Of the Astor-
ian, Mr. Grant said, in part;
II am not the only Astorian down in
that part Of the world. Jim Taylor Is
there snpcrintcndenting the installation
Of big water system and doing finely.
Tom Rawlins il an engineer in one Of
the largest OF the mines. Larry Sulli.
van is my partner in business there, as
/. Mace. my brother, and We are doing
splcndidly, with prospects Frightening
all the time. Larry il casting a wary
and wise eye about the mining invest
ments there and Is likely to make a
winning at any time
"Thc district is inordinatcly rich in
mciaI- and some very heavy mining
ventures are af00t there now. Notable
among thcse is the Mizpah mine, the
value OF which is quoted at S40,O0O,OOO,
this being based, Of cour>e, upon the
value of its stock, which now ranges at
$50 per share. and the property is said
to pay % per cent per quarter on an
investment Of S4O0,0O0. This mine is
in the famous Tonopah district.
"In the Goldfeld. district there are
number Of fancy properties, all big
dividend payers, among them being the
Combination mine which pays 10 pei
cent per month on an investment Of
half a million; the Jumbo, Sandstorm
Red Top. Florence, January, and Ken
dall mines all of which are paying hand
somely, with certain and abundan
prospects.
Mr. Grant was recently in the ely
district. which is $50 miles distant from
Goldfclds, as the crow flies, and abou
500 miles, by transportation routes
This, he claims, is a new and prosperous
section, and a great copper district, i
is in White Pine county and has laiI
dormant for years; it is reached b,
rail from Towanah. on the Central Pa
cihc. and i, filling up rapidly. The cop
per belt underlying the Ely district i
said to be eleven miles in length ant
from one quarter to one-half mile wide
lie reports one property that wa
marketed there recently at 81 pc
share. and before the stock could b
uttered and delivered, it had gone to s
per share and before il was well unde
mechanical working, had reached Sl(
Now. there is no further output of tn
stock, the owners outstanding tn
splendid wealth they have under cor
troi.
Big conccntrators. and matte smelteI
abound everywhere in the Ely sectio
and business in growing in all line
and on all sides,
The old lead mines of the distriC
are being opened up steadily, as lead
needed for the fuxing of the output a
the gold mines, and, taking all thing
into consideration, Mr.. Grant is of tl
opinion Nevada is going to figure, agai
as one of the most important and anon
the richest, Of the worlds mining cel
ters.
The one drawback is the scarcity {
water in what is practically desc
country, but government aid in tn
vital particular is being invoked, an
the sinking of wells is all there is to
L for there is an abundance of water (
= reasonable depth and this question
easily soluble.
) Mr. Grant says his trip home is vel
refreshing and pleasant in many wa.
and he is enjoying it heartily, but vi
return to Nevada soon. to resume acti'
1 interest in his own affairs, which a
prospering nicely.