The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-06-16

I o. L. n, Meridian, o. 1.-THE Me-
vada Leasing company is operating a
lease on the Florence claim of the
Florence Mining company not far from
the Reilly lease and the Combination
Fraction. 1t is a very well located piece
of ground and should develop in good
shane. The shaft is down 206 feet and
crosscuts have been run from the SO
and 200-foot marks. At present there
are about 10 or IL men at work and they
are we'll equipped with a gasoline hoist
and all the facilities for rapid develop
ment. Good milling grade ore is in
light but the company is bending every
effort to reach the ledge from the
Dorothy lease which has been followed
to their end line. There is also hope of
encountering the Reilly lead. 1t is ex-
tremely likely that things will take a
favorable turn very shortly. The Of
fcers are II. Smith, president; V. B.
Leonard, vice president and treasurer;
w. Russell, secretary and III. X. Hart
man, director. The company has also
taken a lease at Manhattan but no re-
suits are yet reported. During the rush
to Buckskin III. Smith located s claims
which lave been merged into the COM
pany. Concerning the Aladdin Mutual
Mining company The News can report
little except that it is a Denver fotation
and the address of the promoters Is the
American Securities company, 1643
fremont street, Denver. The company's
territory is apparently located at Man
haitian but is not familiar TO operators
in this district.
J. A. B., woonsocket, Me.-The Man.
haitian Consolidated Gold Mines COM
pany has been one of the most success
full operators in the Manhattan district,
Nye county, Nevada. It's holdings con-
sist of five claims that have already
been developed by about 1000 feet of
workings. The management place their
development expenditures at about $2c,-
900. There are two shafts and three
tunnels. The ores opened up will net
s3S per ton, and there are about 5000
tons of $50 ore upon the dump. The
company was organized under the laws
of Arizona last November, with a capt.
tai stock of 1000, 900 shares, par value
81. Only 100, 900 shares of treasury
stock AVE been sold to the general pub
lie, prices ranging from 20 cents to $3.50
per share. None of the treasury stock
is now being offered, but the shares
are independently being traded in in
San Francisco. The treasury reserve
shows 800, 900 shares in stock, with $780,
OoO in cash; no debts. Six hundred
thousand shares that is, the original
private holdings of the organizers and
l~ocators of the ground, are still in a
pool running for 22 months. The off,
GERS are: w. J.. Douglas, president; ].
w. Shelton, vice president; c. G. Boak,
secretary, and E. ". Cushman, treasurer.
Descriptive of the workings, Mr.. Boak
writes: Ledge in main shaft is %
feet wide. Ledge cut by incline so feet
wide. Other lodges cut by tunnel are
IL feet, 4 feet and 9 feet in width. re-
spectively. The lowest average assay
of any one of which is 1915 per ton.
The s-foot ledge gives rs per cent cop
per in addition to gold"
g. E. g., Putnam, Conn--The Column
bia Mining company WINS a large tract
q claims) of land on Columbia noun
tain which is just one mile northeast of
Goldfeld. The ground thus far has been
opened by tunneling from both sides of
the mountain. One tunnel is in about
1900 feet and cuts the peak of the hill
at a depth of about 200 feet. Another
tunnel is in 700 feet. AS no consider
able ore body appeared in these work
ings other than small rich stringers 1T
was decided that depth was needed and
so a diamond drill has been placed in
operation and a series of 1000-foot holes
is being sunk. Five sets of lessees are
at work on the ground and it is quite
probable that the company will prove
up we'll before long. The officers are T.
Kendall, president; w. ]. Douglas, vice.
president; J. M. Fenwick, secretary and
treasurer and Geo. Wingield, general
manager. Careful inquiry by this de-
partment fails to show any knowledge
among the leading mining men of the
camp concerning the Invincible Mining
company. If further investigation de-
velops anything touching the ompany
in question you will be apprised through
these columns
II. b. W., sewickley, Pat is diff
fcult at this time to say when Mr..
Chute's new map will appear. Work on
it is being pushed as fast as is possible
and we would suggest you communicate
personally with Mr.. Chute. The ad-
dress is Elmer j. Chute, Nixon block,
Goldfeld, Nevada In reply to your
query touching taxes. Mining prop
critics are taxed only upon production.
W. O.. J., Aberdeen, s. D.-The Monte
yuma Water company objects to The
News publishing the information you
desire and suggests that you commune
cate direct with its secretary, Mr.. Chas.
G.. Patrick of Goldfield. The Goldfeld
News in the issue of June I'd contained
quite a story touching the efforts of
this company to supply Goldfeld with
water. This item you may find on
page 2.