The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-02-09
MANHATTANlT0A AN
HAVE BIG MILL
w. 8. Daugherty, Expert Mill Man,
Organizing a Company for q 100
Ton Plant, and Is Assured
Plenty Of Support by Mine
Operators


Manhattan has reached that stage of
development where IL is attracting the
attention of mill and smelter men: and
1t appears that Il 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.
w. s. Daugherty, one of the best
known mill and smeiter 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
land 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 COM
pany is being formed to put in a large
reduction plant at the very earliest pos
sfble moment. Mr.. Daugherty will be
retained as vice president and general
manager of the company as his has
been of the widest experience in smelt-
ing and process reduction of all kinds.
For many years he was superintendent
of the Dayton Furnace company of Day
ton, Tennessee. one of the largest iron
and steel manufacturers of the south.
Later he became superintendent of the
Brodie mill at Cripple Creek, and from
that position he went to the Arkansas
Valley smelter at Leadville as assist
ant superintendent, and later became as
sistant superintendent of the Rocky
Mountain Smelling and Refining com
pany. at Florence, Colo. He had ex-
- Zfs.N ..ArffnnInn
and metallurgist of the Rio del ORC
smelter, at Durango, and for a time
represented the Stillwells in all their
vast railroad, mining and smelling en-
terprises in the sister republic. Mr..
Daugherty has been interested in South
ern Nevada gold fields for some time
and believes that there is no other sec
ton Offering such opportunities for in
vestment and operation.
Together with NJ. J. Bell. who is presi-
dent of the company and a large mining
operator of the west now conducting
his enterprises from this point. Mr..
Daugherty has organized the Golden
Anchor Milling and Mining
The first mill to be erected will be at
Manhattan; but this will be only a unit
in the system of plants the ompan
expects to erect throughout this section
of the state, the intention being to keep
pace with the development of the coun-
try and furnish reduction facilities
wherever they may be warranted. The
company is capitalized at $250,000 with
the same number of shares. and stock
will be offered the public through the
banks of Goldfield. Tonopah and Man
haitian. Every share of the entire CAPT.
talization is treasury stock, and only
enough shares will be sold as to prp-
vide for the completion of the works.
| Stock will be sold at par, and every
cent of the returns will go into the
treasury and no money be withdrawn
from the designated repository until
sufficient is in hand to make the first
substantial payments. As the mill will
combine stamps. amalgamation, concen-
tration and cyanide processes, 1t will be
a large enterprise, involving not less
than 500, 900 expenditure.
The Golden Anchor has pro-
cured a fine mill site at Manhattan, be-
ing at the lower end of two gulches as
they converge some two or three miles
below the town. The contour of the
country is such as to give a down-hill
pull to the mill from every section of
the camp. The location has the advant-
age of plenty of wood and water. AS an
inducement to securing a mill man of
such varied and successful experience,
many of the mine owners of Manhattan
have subscribed for many shares of the
company's stock, and nave guaranteed
to ship every ton of their production,
both high and low grade ore, to the new
mill for treatment. The mill will have
a capacity of 100 tons per day, and with
the ore at hand and reasonable treat
ment charges, it is ima that in
vestment In the project will return many
hundred per cent annually. 1t is hoped
TO have the mill under construction in
so days. and to have it completed by the
first of June