Los Angeles herald., 1906-12-24
GOLDFIELD LEADS
IN YELLOW METAL
WONDER GOLD CAMP OF THE
WORLD
Wealth Produced by Many Active
Leasing Companies In Nevada.
Incidents Of the Recent
Cold Snap
Goldfeld is the wonder gold camp of


the attention of all mine operators, who
say there Is no limit to the gold prod
uct
E. j. Hollen, treasurer of the G. s. |
Clack Brokerage company incorpo-
rated, of Goldheld, has arrived from |
the wonder camp and will make Los
Angeles his headquarters, having made |
preparations to open an office in this
city on or about January 1, for the
purpose of buying and selling listed
stocks in the Goldfeld district.
The G. S. Clack Brokerage company
represents, among others, the Jumbo
Leasing and Development company, |
capitalized for 100000 shares, fully
paid and worcestershire, treasury
stock, 100000 shares.
Leasing System in Nevada
Commenting on the leasing of min
ing properties and making them quick
producers, Mr. Hollen, quoting a min
ing authority, said:
ut has been demonstrated in the
Southern Nevada mining sections that
the most direct and satisfactory way
to open mines is by the leasing system.
Where agreements are legally made
between leaser and lessee and proper
limitations placed on the operations of
the latter, as has been done in the
mines of Nevada, it is found that work
has been prosecuted on correct lines,
the leasers developing the mines to
depth in a practical manner and leaV-
ing them in good shape for future oper-
ations after their leases expire.
1.-THE great MiZpah of Tonopah was
opened and worked by leasers and
about $3,OOO,000 extracted before the eX-
piration of the leases. The big mines
of Godfield have also been opened and
become heavy producers under the sys-
tenn of leasing, and so profitable has it
been to mine owner and leaSer that
many more mines will be opened in
the same way. 1t is a well known fact
that were it not for the leasing system
several of the big mines of Nevada
would be now idle, as the owners were
not financially able nor, in some cases,
were they competent to work the mines
to, successful issues. But since leasing
became general in Goldfeld, for in
stance, the royalties paid by leasers
have enabled mining companies and in
dividual mine owners to operate the
properties and to continue the work so
we'll performed by the leaSers.
"Goldfield. Tonopah and other South
ern Nevada mining districts have
taught the mining world, including the
old school of experts many new les
sons in mining and the benefit OF the
leasing system is not the least of them.
Leasers, by the way, are not, nor do
they pretend to be experts but they
seem to know how to work mine to
more in a practical way, than all the
geological treatises that can be written
by conservative mining engineers of
the kind that have turned down more
good properties than they ever caused
to be opened.
Jumbo Company Busy
at is practically impossible to enum-
crate all the leases in Goldfield that
have produced ore and made fortunes
for the operators, but one of the most
recent and well known is the famous
Frances Mohawk, producing $4,000 per
day. The Hayes-Monnette comes Sec
ond with an output of about $4,000.
Other lease producing ore on the Mo-
hawk lease at the rate of from $4,000 to
$4,000 per day are the Truett, Oddie,
Curtis, Rickard and Ish. Lotus &
Davis lease, on the Combination Frac-
tion is also shipping rich ore, and the
famous Reilly lease cannot be over
looked. which produced over 100000
in ninety days, and the Zinn lease,
from which 100000 had been taken
when the lease expired. These just rep
resent a few of the leases that nave
helped bring Goldfeld to the front and
proved to the most conservative in
vestor that leasing pays.
Notable Producers
"The Jumbo Leasing and Develop
nlenC company Is HOW Operating q lCoSC
on the Cornishman claim of the Flor
ence- -Goldfeld Mining company. A
large force of miners is now at work
cross-cutting from the 115 and 1S5-foot
levels. The lease has been well opened
up, and at the present time ore OF a
shipping grade has been encountered
which ranges in value from $50 to 500
ton. Three cross-cutS are now being
operated which will run to the side and
end lines, in order to thoroughly explore
the ground. Sinking to the 400-foot
depth is going ahead, and no time will
be lost in attaining that level. All of
the work is under the supervision of
Charles II. Richards, one Of Goldfield's
cleverest mining men. Mr.. Richards
has never yet failed to produce ore, and
the same good fortune will follow him
on the Jumbo Leasing and Develop
" nent companys ground. II Will soon
e ranked with the big producers. The
company is now selling shares at 20
cents.
Wires Were Down
"The recent heavy snow and low tenn
perature," said Mr.. Hollen, "cut Gold
field off from the rest of the world. All
OF the Western Union telegraph wires
were down and it was impossible for
nearly week to reach New York, San
Francisco. Los Angeles and other
points. But Goldheld operators were
Dusy ana STOCK values were neld Hrlnly.
Now the wires are connected and stock
quotations are again available.
development work in all the districts
Il forging ahead rapidly.
THE richest shipment of ore ever
shipped to a smelter in the whole his
tory Of mining in America or in any
other country was made the other day
by Hayes & Monnette, who are working
the famous Mohawk mine in the Gold
field, New, district. The car contained
twenty tons OF gold ore that ran $50 900
to the ton, or total value OF 81, 900 600"
Cold Weather Stories
Judge William Bell of Goldheld. now
on ranch near Phoenix, Ariz., I'm a re-
cent interview on the situation at Gold
field relates many interesting stories.
Next to the lack of fuel the lodging
situation is the worst. Mr.. Bell said
woman had a small lodging house in