Los Angeles herald., 1906-03-18
IMMENSE WEALTH
STARTS CAMP
EXCITEMENT AT MANHATT TAN
UNABATED
Los Angeles Capitalists viii Form Big
Company to Develop Many VAL
uanle Claims In New
Digengs
Special to The Herald.


GOLDFIELD, New. March FIX
citernent 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
ing 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 its 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 500 an hour.
Men purporting to be agents of
Charles M. Schwab and John w. Gates
are quietly obtaining properties. Sales
aggregat ting a total value of $1,000, 900
are reported to have been made in the
month of February.
The town of Mania ttan. which boast
ed of six tents and fifty souls less than
ninety days ago, has now a popoula-
ton of 1000, which is being augment
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 tradesman follow in
his wake. bent on reaping the reward
that usually comes to him who Is in
at the birth of a 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 is a simpler matter at Manhattan
that at any other gold camp in Ne
vada. Wood grows on the hillsides
and can be had for the taking. In the
claims lately purchased by Los An
geles capitalists water can he deVel-
oped in ineXhaustible quantities at 100
feet. The ore is free milling and is
obtained from the grass roots down.
ON the score of permanencY of ore
deposits it is a fact that the high
values in Manhattan arc invariably
found in true fissure veins. and min
ing experts ask for no better evidence
of depth than the presence of assures
Already the output of high-grade ore
for the first three months equals the
combined production of Johannesburg,
Cripple Creek and Goldfeld for the
similar period.
Upwards of two hundred leasers are
working full shifts of men and the
daily output already exceeds a thou
sand sacks of ore, which will average
in value 5000 per ton in gold. Ore that
does not go 800 a 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 about
fifty miles. Traffic Manager C. S. Fee
of the Southern Pacific is quoted as
saying that a railroad has been pro-
jected into Manhattan.
one hundred thousand dollars has
been offered and refused for the May
flower claim The Big -Four and Last
Chance Fraction have been sold to
KOontz & Matkin of Goldfeld; con-
sidera ton $4,000. San Francisco par
ties lately bought the Bronco; price
not known.
Los Angeles capital has lately Sc
cured a magnificent property of five
claims-the Ohio. Kansas, Nevada,
Pennsylvania and California-which
mountain in which the great masses
of gold are packed. They are inCor-
porating under the name of the Great
er Manhattan Consolidated Mining
company: capital, $1,0ooO00.
Eastern demand for Manhattan
stocks has been very strong. so that
new companies find no difficulty in
engaging eastern capital to develop
their properties, such as was expert
enced in the early days of Tonopah,
Goldfeld and Bullfrog.
Among the Los Angeles capitalists
who are Interested in the purchase OF
the Greater Manhattan claims are T.
M. Wolf George Ridenbaugh, Walter
Hansen and J. NJ. Graybil The claims
lie northwest of the town along the
five-foot vein referred to in the fore
going dispatch. The ore is free mill
ing and surface ASSAYS show excellent
values. The company is now being in
corporated and the charter members
who buy in will elect their own of
ficers from among their own number.
This will be the first Manhattan gold
mine company to be organized, owned
and operated by Los Angeles capital
lists The popular price of three cents
d share of 81 par value is the price at
which stock is foated to the initial
purchasers. The office of the company
is at the Pacific Coast Mines bureau,
421 Chamber of Commerce building.