davidaulloa/AmericanStories huggingface dataset:
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-11
LEADING SECURITIES SCORE HEAVY
ADVANCES DURING THE WEEK
Frequency Rich Discoveries All Over the State Combined With
Increased Production From the Mines Starts Era OF
Buyng-Loca Exchange Holding Night Sessions
Account Increased Business

orders. 1t is possible that a slight re-
action may be experienced incidental TO
the taking of profits at this time but 1T
will be followed by stronger prices. The
situation is all that could be desired"
John Donnellan of Jno. Donnellan &
Co, who has just returned from Cali
fornia, said: Thirty days ago 1t be-
came clear to me from the class of peo-
pie who were buying that there would
soon be a strong movement and espe-
cially in Goldfield stocks The buyers
were those who usually held off until
the fall but who then anticipating an
early rise got in ahead This class Is
among the permanent investors. ] have
been over the state and in California
and the impression obtains everywhere
that Southern Nevada is on the verge
of the greatest period in her history.
On August 9th the San Francisco board
closed the greatest days business since
the fire and a letter which I received
from there reads in part: IF this keeps
on ii will not be long before the whole
town is crazy over Southern Nevada
stocks The best part of it is the peo-
pie are buying the meritorious stocks
and not the boosted ones" Mr.. Don
nellan says further: MY personal
opinion is that Goldfeld will have the
biggest winter ever known. People
who hitherto have not been interested
are now clamoring for Goldfld stocks
and in all parts of the country they are
considered A No. /. The entire state
is opening up and Goldheld will get
her share. There may be slight re-
action in individual stocks here and
there but nothing general will be ex-
perienced."
This sudden bull movement has
caught manv Of the foremost operators
out of the camp and they are now
scrambling back cutting their vacations
short and changing many arrangements
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-11

stood still and waited breathlessly for
the outcome. Then the time came
when the banks closed, when money
was tied up. Holders of futures could
not take them up and the result was a
slaughter in Nevada securities and the
slump was general During these last
months, however, the intrinsic worth
of the properties represented by these
stocks have through further develop
ment and rich finds all over the state
steadily advanced so that to the most
casual observer it must be patent that
as soon as the insurance losses were
paid there must be strong reaction in
which to reach somewhere near their
intrinsic worth the entire list must ad
vance from so to so per cent. The in.
surance companies have now turned
loose many millions of dollars in San
Francisco and in the uncertainty which
prevails as to where the popular busi-
ness sections will be and the present
building restrictions many people have
money which they cannot well invest
there and in the growing popularity of
Nevada securities they are turning to
Nevada rather than to the small bank
ing interest. People who have been in
business for years now find themselves
for the first time possessed of their en-
tire capital in cash, and the result is
inevitable" When asked if the present
upward movement would continue unin-
terruptedly Mr.. Sullivan thought 1T
would There is no reason why we
should experience any further period of
depression and as the labor sky appears
now cleared of clouds I do not look for
any reaction whatever"
Tom Robinson views the subject in
much the same light. He also furnishes
some interesting facts about the pres
ent production of Nevada:
"The market" he says, (which began
to decline because of the Frisco trouble
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-11
RAMSEY-COMSTOCK HAS
THREE FEET OF $1,000 ORE

On the Burns lease 500 feet from the
original strike a ledge has been opened
m and splendid paintings are constant.
According to Mr.. Robinson NUMBER Oh
other good strikes have been mace put
owing to conflicts on some of the ground
the news has not been made public. On
the Texas claim belonging to Tom RAM
sew a 6-foot ledge is opened up which
averages $50. On the Bennett GROUND
largo bodies of IS ore have been devei-
oped.
In the town events are moving rapid
ly. About $50 people are now In ana
100 tents and frame buildings nave
been erected. Some half dozen more
frame buildings are in course OF con-
struction Lots are selling on the
rooin street at figures ranging from
s5O0 to $1,000. An offer of $1,000 cash
was recently made for the prihcipai
corner. A station is about to De estap-
Iished on the railroad at Hawes ~ ~
niles from Ramsey and the camp VIII
later be connected by rail with the mann
line at Clarks
THE camp presents many advantages
All supplies are much cheaper than III
co1d4eld Lumber is had at the statlon
for s22 the thousand. AT Dayton the
mills have agreed to handle the ore Tor
$3.50 per ton so that SIS rock may De
mined and milled at profit. Ieiephohe
and telegraph connection has been ar
ransed for and the water problem mas
For the present been solved by puildine
= road n springs two miles away wnlcn
s,nnlias the needs at this time.
Among the Goldfeld men "no 10,
become interested in Ramsey arg 80,
ard Coe and T. ]. Cay iney ~
seven fine claims about 4'Ooo Zee. iions -
the original strike. The same sysle" IT, ~
ledges is traced through the group -. me
ground will be split up and severai con, com
nanies incorporated after which oe'ei-
onment will begin at once.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-11

The Adams Mining company is again
coming to the front in good style. The
working force has been increased and
work is going forward in three places.
Both shafts are receiving attention and
several men are engaged in prospecting
the surface. In an open cut several fine
lodges have been opened which return
values of $40. In the main shaft the
men are still drifting on a ledge from
Is to 20 feet wide which gives assays
between $40 and $50. In the old shaft
a winze 400 feet from the shaft on the
5O-foot level is being sunk. 1t becomes
more apparent with each day that the
bodies of pay ore which are evidently
present have in the former prospecting
been overlooked entirely. From the
condition of the surface ground it seems
inevitable that with careful develop
ment the Adams will develop into pro-
ducing mine.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-11
G. @. D. LESSEES ARE
GETTING GOOD VALUES

On Wednesday the Goldfield Fargo
Mining company in it's lease on the C.
0. ID. secured assay values of $21 from
the breast of it's tunnel This tunnel is
in 80 feet and 25-foot ledge has been
cut. From this body the average assays
are around IS and Sc. The sudden jump
to s21 makes conditions appear very
much better and as the rock contains
substantial silver values there is little
doubt as to the permanency of the
values. The depth attained in this
working is slight and the lessees are
now engaged in sinking shaft. This
latter has reached depth of 40 feet and
assays are had in the neighborhood of
Sc. The work is progressing rapidly
under the management of Richard
Phoenix. The company is backed by
capitalists of Williamsport, Pa. and it's
affairs directed by Thos. A. Lister of
that place.
Probably the stiffest thing in the way
Of a leasing contract that has ever been
drawn in the camp was lately signed by
the Kansas City Goldfield Mining COM
pany in arranging a lease upon the c..
o. ID. ground. BY the terms of this
agreement the 1essees will sink 300
foot working shaft 4kx9 feet in the
clear of timbers. The shaft is to be
timbered with sxs square sets and 2
inch tagging. The lessees are also to
install an electric hoist. The ground
will be managed by Frederick s. Harris,
a mining engineer Of long experience.
That a leasing concern would make
such a contract speaks volumes for the
confidence it places in the ground.
The Kansas City Goldheld Mining
company is not alone in this confidence,
however. There is no piece of ground in
camp except the Mohawk upon which
work on a larger scale is going for
ward.
The Goldfeld c. o. d. Mining and
Leasing company have just purchased g
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-11

strike Of greatest magnitude was
made within the past few days upon
ne Ramsey Comstock Mining COM
panys ground at Ramsey. A 3-foot
-0use mas been opened on the surface
"naen shows visible free gold and re-
~ rafns average assay values of $4,000
rOh Robinson who returned from
..aiasey on Tuesday evening says that
e ramsey Comstock is without doubt
me biggest thing in sight. "The ore,"
says was opened in a six-foot
aencn and is peculiar to the district in
aiucn as 1t shows the free gold. All
Her rock found at Ramsey has re-
"pied the ores of Goldfield inasmuch
- nut much gold Is visible" The work
aeVeioping was held back at the
r,,a oy the difficulty in getting sup
nnes 10 the camp and it was found
essary TO build a road to the prop
g.. force of men," says Mr. Robin
was put to work about Aug. 8
o.serenching and this had only to be
ieu 10 a depth of feet to expose
tba. oi the most beautiful specimens
eo.s nave been found in Nevada. A
the aiVe estimate of the cropping on
syaa a'hsey Comstock property has
wo.,.. me value of the ore which is now
faoan fAs'ie at $4,000. all above the sur
nar,s. on the Ramsey Mining COM
sew - ground which adjoins the Ram
Poi, onstock and is controlled by Tom
ana rSon y, q Co.. ]. s. Cook, Jno. O'Keefe
ana ~ aiter Stone, 16 men are working
dis. me dyke has been trenched for a
caaee s'anee of $50 feet from the RAMSEY
~. tsOasolidated line. The ledge through
.. a' distance has been proven TO be 80
values ...', wide and carrying milling
grade -. n occasional streaks of high
lease On the Elkins Robinson
foot u.,, smart is down 40 feet on the
foot me-, This shaft will go to the 10
gin A' when crosscutting will be-
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-11
GOOD NEWS FOE
BELL VIEW AND BUCKsKIN

Surveys have been commenced for
the construction of a railroad across the
Mason and Smith valley, Lyon and
Douglas counties, Nevada, to connect the
various towns and mining districts in
the vicinity with the main line of the
Southern Pacific railroad.
The road will probably run southerly
from some point between Churchill and
Wabuska through the valley mentioned
to bring transportation facilities within
easy reach Of the towns of Bell View
and Buckskin, the Ludwig mine, Kinds
Hot springs, Wellington. Bodie, the
Walker River Indian reservation and
Intermediate points.
The proposition has been undertaken
oy private corporation composed of
eastern and western capitalists who
nave ample funds to carry the matter
through. George D. James, civil and
mining engineer and U. s. deputy min
efal surveyor, of Buckskin, New, has
Oeen chosen to make the surveys and
establish grade line through the sec
ton mentioned.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-11

ORE BODY
IN WORLD
Hayes.MOnnette Lease Contains
Greatest Vein of High Grade
Ore Ever Opened In
Any Camp

A representative of The News this
week visited the great Hayes-Monnette
lease on the Mohawk and through the
courtesy OF the management was shown
through the underground workings by
Superintendent Short, favor that can
be fully appreciated when 1t is known
that the time lost by the visit made the
lessees poorer by at least ton OF rich
ore. An examination of the workings is
one that can never be forgotten and pre-
sents a sight that could probably not be
duplicated in any other mine in the
country. Here are series of vast
chambers so to 60 feet in height from
which the ore has been stopped and so
firm is the vein matter that no timber
whatever is necessary for supports, the
only thing standing being pillars of ora
which will be removed later and shipped
to the smelter. The 150-foot level,
where ore was first encountered, cuts
through and shows the vein to be fully
100 feet wide, every pound of which is
of shipping grade. At the 210 level up
raises have been driven and all the ore
from above goes down chutes to this
level, from which it is hoisted at the
rate of $50 tons per day, every round
from sets of machine drills working
at the 150-foot level breaking down
carload of ore. The No. double COM
partment shaft. which is equipped with
2 hoists, is now down to the 210 level
and connection will be made with the
main workings in few days, when
daily production of at least 500 tons can
be easily maintained.
One statement of Superintendent
Shorts that particularly impressed The
News man was that with force of go
men on this lease he was hoisting as
much ore daily as the great Portland
mine at Cripple Creek which employs
from 500 to 600 men, the explanation
being found in the size of the vein and
the fact that everything was ore-not
pound of waste having been hoisted
since striking the ore body until the
! past week when 1t was necessary to
make an air connection. Furthermore,
the values are much higher than the
| Portland, as every car sent from the
Hayes and Monnette is settled for at
the rate of from $50 to 500 per ton,
while the Portland averages about $50.
No one begrudges Hayes and Monnette
| their good luck Every one realizes that
they have done the camp world of good
in opening such a bonanza and their
find has been a great incentive to all
the others and the indirect cause Of all
the rich finds that have occurred on
neighboring ground. They are mining
on a business basis without fuss or
feathers. bending every energy to taxi
ing out all the ore possible before their
lease expires on January 1st next, but
the ore shoot is of such extent they will
be unable to lift even the major part of
what is exposed above the present lower
level.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-11
GETTING HIGH GRADE ROCK
FROM MOHAWK LEASES

with the improved facilities a car can
be loaded in fifteen minutes. A cage,
the first built in camp, is now under
construction and cars have been order
ed. Considerable difficulty is experienced
in securing needed supplies for the work
under way as the present demand for
stuff far exceeds anything which could
have been anticipated In the lease
about As men are at work. On the
Frances ground force of men is active
ly engaged in prospecting and the
values are very encouraging.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-11
MORE RICH SPECIMENS
FROM ROUND MOUNTAIN

and found that the sensationally rich
ore took the form of a kidney in A.
foot ledge which averages in itself
around $50.
The shaft is down on an incline on
this ledge and the stuff is found at the
7O-foot mark. 1t is utterly impossible
to calculate the worth of the rock for 1T
is more than half gold. One piece was
polished on one side by a local jeweler
and 1t presents an appearance as of
solid gold. The kidney was found to
contain about 80 pounds in all but since
Mr.. Wampler's return to Goldfeld he
has received word from the property
that a second larger kidney has yielded
sack of the rock.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-11

Some of the very richest specimens of
hibited in Goldfield this week. The rock
is from the Fairview Round Mountain
Mining company located on the north
east side of Round Mountain adjoining
the Antelope Mining company and
about " miles from the Sphinx ground.
r. B. Wampler who showed the speci-
mems and is one of those interested in
the company tells of the strike. week
ago he received word from Foreman
Sanderson that a find had been made
and a suggestion that he come to Round
Mountain. Not supposing the strike
was on this Fairview ground he went
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-11
RED KING LEASE

A lease backed by German capital is
being developed next to the Rogers
block on the Red King claim of the
Florence Mining company. A ledge en-
countered in sinking dips away into the
Rogers ground and as the rock looked
so good to the lessees they have sub
leased triangular piece of the Rogers
territory 50x100. Both leases are look
ing good.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-11
CRACKERJACK LEASE

Some very good seams of tale which
assay well have lately been found along
the footwall of the ledge in the Cracker
jack lease The values are had at an
inclined depth Of ITO feet and the PAN
nings are very good. It seems patent to
the lessees that they are Close upon pay
ore. The lease is upon the Crackerjack
claim of the Goldfeld Mining company
and adjoining the ground of the Adams
Mining company.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-11
D1AMoHpr1ELD-BLAcx BUTTE

At the Diamondfield Black Butte Con-
solidated a hoist has been moved around
to the east side of the hill and an in
clined drift is going in rapidly. Devel-
opment is progressing steadily and
practically the same amount of ore with
the same values is being taken out. 1t
is very evident that the company is do
ing just what it claims merely develop
ing and exploring.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-11
sILvER PEAK RACES

Silver Peak is to have two days
celebration of base ball and horse rae
ing and a lively time is promised in the
old camp. The big horse race will be
on the 25th and number from Gold
field will attend.
New-York tribune., 1906-05-24
KN1CKERBOCKER TRUST co. CASE UP
Decision Reserved in City's Effort to Have
Encroachments Removed.

After more than two years of preliminary Ttiga-
tion. the action brought by the city against the
Knickerbocker Trust Company TO cause the re-
moval of steps and columns and the closing of an
area at Fifth and 34th street where the
trust company has erected its building. was
brought 10 trial yesterday before Jusice O'Gorman
in the Supreme Court. The ground occupied by the
alleged encroachment amounts 10 half city lot.
Assistant Corporation Counsel George O'Reilly
appeared on behalf Of Corporation Counsel John J.
DeIany for the city Julien T. Davies, jr.. was
counsel for the KnickerbOcker company.
Mr.. Davies contended that the Knckerbocker
company had the right under old ordinances, and
under a resolution Of the Common Council passed
in 1901. to put up the structure complained Of
Mr.. O'Reilly main aimed that the Board of Alder
men never had the power to pass such resolutions.
The streets Of the city he said were held in trust
by the civil authorities for the benefit of the public
generally. and permanent enCrOachment or pro-
lection could be permitted by them.
Justice OGoTman reserved decision, and said he
would accept briefs from counsel as to the legal
points involved
The Knickerbocker Trust Company had a bill
passed by the Legislature at its last session legaz
ing its action. but il was vetoed by Mayor Mo
Clellan.
New-York tribune., 1906-05-24
FAvORs DOMESTIC SUPPLIES.
Senate Committee Resolves to Limit Pur-
chases for Canal in Foreign Markets.

lFrom Tribune Bureau.J
Washington May 23-Secretary Taft appeared to-
oay nefore the Senate Committee on Finance and
urged that Congress give to the Panama Canal
Commission authority purchase two dredges
In the foreign market and to take action authoriz-
ing the purchase abroad Of other supplies when 1t
is found that prices for supplies of domestic man
ufacture are extortionate. The committee
thorized the reporting of resolution which would
limit purchases in the foreign market to supplies
that cannot be purchased at reasonable prices in
the United States. The resolution follows
That purchases of material and equipment for
IN the construction of the Panama Canal shall
be restricted articles of domestic production and
manufacture. unless the President shall in any
deem the bids tenders therefor to be ex-
tortionate or unreasonable.
This afternoon Senator Morgan introduced an
amendment the AIdrch resolution providing.
among other things, that a duty of 10 per cent ad
velorem should he collected all imports brought
into the canal for therein 1t is not known
just what is the purpose of this amendment but
there is anxiety that the resolution will be
made the vehicle for extended tariff speeches in
tended by the Democrats for IN the coming
campaign There is no particular objection TO the
Democrats making such speeches and frankng
them through the mails for political purposes. but
the leaders are disposed to regard with apprehen-
sion anything which is likely to delay adjournment.
Every one IS tired. and there is strong DISPOSE
ton TO close up the sessions work and go home
New-York tribune., 1906-05-24
STATEHOOD NAY FAIL.
President Promises to lid in
Strengthening ont the TangIe.
rFrom The Tribune Bureau. J


Washington. May 23-Senators Aldrich and
Crane called AT the White House this morning
To enlist the aid of the President in straighten-
Ing out the statehood situation The Speaker
still Insists on certain provisions of the expected
compromise which are not acceptable 70 the Sen
ate, and unless the deadlock is soon dissipated
tie bin may fail entirely The President prom
ised 70 use his good offices
Senator Foraker. who represents the anti-t,go-
state raen in the Senate. has Informally con
sen''1 70 the yielding Of the Burrows amend
ment eliminating Arizona and New Mexico from
uIe BIZ. and IS willing 10 accept a modification
O MS amendment Of last year. whereby the ac-
ceptanoe of dual statehood viii be submitted TO
ne voters Of The two territories at the regular
election. next fall, with the proviso that it will
require majority i'm each 10 secure statehood.
ne if also willing that at the same election
delegates 70 q tentative constitutional conven-
uon should be elected. Speaker Cannon. how
ever heid out. first for a constitutional conven-
uon 70 be held in advance Of the fall election
and for The election Of the state officers at that
Election. Now he insists on the selection of a
governor al the regular election and this is not
acceptable 10 Senator Foraker and his followers
What ths outcome viii be cannot be predicted.
Dut The Indications are that unless the Speaker
!'ees there will be no statehood bill this year.
Session