Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1906-03-03
MILL FOR
Reduction Facilities For the
New Camp are to be Pro-
vided at Once.

Manhattan has reached that stage Of
development where it is attracting the
attention of mill and smelter men, and
it appears that it will be only a short
time before the camp is supplied with
all the reduction facilities necessary for
any amount of ore the young giant can
produce, says the Goldfeld News.
w. S. Daughterty, one of the best
known mill and smelter men in the
United States, has just come from a
three weeks investigation of Manhat-
tan, and is thoroughly convinced that
the camp is destined to be permanent
and very productive and that invest
ment in properly constructed and con
Quoted reduction plants will be very
profitable,
Mr.. Daugherty's observations are
given much weight and upon the
strength of his recommendations a
company is being formed to put in a
large reduction plant at the very earliest
possible moment. Mr.. Daugherty will
be retained as vice-president and gem
eral manager of the company, as his
has been of the widest experience in
smelling and process reduction of all
kinds, For many years he was super
intendent of the Dayton furnace COM
1anv nf noutnp Tarp naa ~ thn
largest iron and steel manufacturers
of the south. Later he became super
intendent of the Brodie mill at Cripple
Greek, and from that position he went
to the Arkansas Valley smelter at Lead
vile as assistant superintendent of the
Rocky Mountain Smelling and Refining
company at Florence, Colo.
Mr.. Daugherty has organized the
Golden Anchor milling and mining COM
pany. The first mill to be erected will
be at Manhattan; but this will be only
a unit in the system of plants the com
pany expects to erect throughout this
section of the state, the intent being to
keep pace with the development of the
country and furnish reduction facilicies
wherever they may be warranted.
The company is capitalized at
$3.50, 600, with the same number of
shares, and stock will be offered the
public through the banks of Goldfeld,
Tonopah and Manhattan. Every share
of the entire capitalization is treasury
stock, and only enough shares will be
sold as to provide for the completion OF
the works. Stock will be sold at par,
and every cent of the returns will e
into the treasury and no money to b.
withdrawn from the designated reposi
tory until sufficient is in hand to max,
the first substantial payments. AS tn,
mill will combine stamps, amalgama
ton, concentration and cyanide process
ess, it will be a large enterprise, in
volving not less than 500, 600 expendi
ture.
The Goldfield Anchor company ha
procured a fine mill site at Manhattan
being at the lower end of two gulche
as they converge some two or tire
miles below the town. The contour o
the country is such as to give a down
hill pull to the mill from every section
of the camp. The location has the ad
vantage of plenty of wood and water
As an inducement to securing a mi.
man Of such varied and successful ex
perience, many of the mine owners o
Manhattan have subscribed for man.
shares of the company's stock, an
have guaranteed to ship every ton 0
their production, both high and 10y
grade ore to the new mill for treatment
The mill win have a capacity Of 10
tons per day, and with the ore at han
and reasonable treatment charges, it i
estimated that investment in the pro
ject will return many hundred per cen
annually. 1t is hoped to have the mi.
under construction in thirty days, an
to have it completed by the first o
June.