davidaulloa/AmericanStories huggingface dataset:
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-18

shareholder back every dollar that he
yielded a dividend Of IL cents a share
on the whole million shares. the promo
ters getting S10,50O and the sharehold-
ers who put up their good, hard-earned
none getting but $4,000. The promo
ters bagged more han two-thirds of the
swagl That was their GRAFT.
mo PROMOTION STOCK companies
ACKNOWLEDGEMENTS stock-the en-
tire dividend goes to bona fde share
holders. THE FREE LISE is SUS-
PENDED"
4th. The NO PROMOTION STOCK
system provides an automatic pool,
wherein there is no risk or hazard of
large blocks of promotion stock being
dumped on the market in order to de-
press the price of the stock, but every
share of stock which has not been
bought and paid for remains in the
treasury, and cannot be used as to bear
the advantages of the minor stock
holders.
Thus the NO PROMOTION STOCK
SYSTEM is working for the benefit of
each one of you, n this company in
stead of being founded on shifting sand
is today a solid, reliable and progressive
corporation. It's management is en-
ergetic, experienced and resourceful. At
no time ave the interests of the share
holders ceased to be the paramount issue
with the officers
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-18

scale of prices. For instance, the man
who bought stock of the Greater Man
haitian Consolidated at 8 cents a share
is enjoying benefits derived through the
purchase of stock by others at from 1
to ~ cents a share. And at the same
time the man who has purchased the
stock from 4 to IN cents a share has
received full value for his money, as he
has purchased an interest after the
mine has been opened up from the pro-
ceeds of the first sales of stock. Thus,
you can see, THIS IS A SQUARE DEAF.
PROPOSITION in every sense of the
word, and it is the ideal form of CO.
operation in developing mining PROPOSE
lions.
I'd. Another tremendous advantage OF
the OBSERVATION-DISCLOSURES SYS-
TEN" is that every share of the capt
tai stock is available for the purpose of
raising funds for development OF the
mine. Where an ordinary stereotyped
company has 400, 900 shares of treasury
stock to sell for the purpose of develop
ment, our NEUTRALITY-SUSPICIOUS."
company has at hand one million shares
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-18

the benefit of the shareholders let us
take up some of it's important features:
1st. Under the :NO-PROMOTION-
STOCK SYSTEM" the first sales of
stock are made at prices that represent
the exact money value of the ground to
be owned by the mining company. In
other words, if the property cost 10000
and there are a million shares of stock
the selling price is three cents. Abso-
lutely no water is added to the price of
the stock, and each shareholder receives
in return for his money stock which has
an intrinsic value equal to the price
that he pays for it. This places the
ground-floor holders of the stock in
this position, hat as they secure the
stock at the exact value of the prop
erty before it is developed they are
bound to sell their stock later for a
greatly increased amount, the said
amount being in proportion to the de-
velopment work done and the quantity
of ore shown up.
Under this system the man who buys
at 8 cents gets the benefits from the
sale of stock at a gradually increasing
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-18

or $50 per cent greater esources.
Then again, as stated above, in the
old stereotyped companies the 400, 900
shares of treasury stock are invariably
sold so as to enhance the value of the
promoters 600, 900 shares of stock. In
the case of our "NO-PROMOTION-
STOCK" company, however, every share
of stock which remains unsold is the
property of the stockholders and not of a
promoter. No matter what price it goes
to on the market, this stock in the
treasury is a valuabIe asset, which will
continue constantly to increase in value
as the mine is opened up.
To illustrate the tremendous adj
vantages of this plan allow us to cite
to you the Jumbo Mining of
Goldfeld. This company in it's early
stages sold treasury stock at Is cents
a share. About $780, 900 shares were
sold at this price, thus providing about
$4,000 for preliminary development
work. The remaining treasury stock,
about $4,000 shares, was retained in
the treasury and is still there today.
From the results of cary development,
and royalties paid by ~leasers, the Jumbo
property stock was forced to above $3.50
per share. In other words, $50, 900
SHARES OF UNSOLD STOCK NOW
HELD IN THE TREASURY OF THIS
COMPANY REPRESENT A VALUA-
TON OF $375,0 900. If this same $50, 900
shares, now worth $4,000, had been
sold at Is cents a share before the mine
was opened up it would have brought
the measly sum of s37,5OO. In other
words, $337,500 less than it is now
worth.
This situation of the Jumbo company
exactly applies to the condition of the
Greater Manhattan Consolidated Mining
company which today has sold about
600, 900 shares of stock and still has in
it's treasury, as the absolute property
of it's shareholders, nearly 400, 900
shares of stock. These 100000 shares
unsold treasury stock are worth at the
estimate $685. 300, and this is an
asset to which must be added the tre-
mendously increased value of our COM
pany's holdings in Manhattan.
Sd. Now let us look upon the con-
verse of this picture in so far as the
dividends are concerned. We will cite
the instance of another in
Manhattan WHICH was OTSdilZtu With
one million shares of capital, divided
into 800, 900 shares of capital stock,
700, 900 shares of promotion stock. These
300, 900 shares of treasury stock were
sold at 8 cents a share, yielding $15, 900
which was sufficient for development.
The balance was held by the promoters.
The mine soon earned $4,000 net above
expenses, which should have given each
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-18

Thirty prominent business men and
brokers of Reno held a meeting last
Saturday and decided to organize ard
incorporate a mining stock exchange in
that city. The success of the Goldfeld
exchange together with the opening of
o~linghouse, White Horse, Buckskin and
Ramsey districts in close proximity to
Reno were the immediate incentive of
the movement and it is believed a good
business can be built up there in Ne.
vada stocks.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-18
To Whom 1t May Concern:

+ There is a ground-foor business fascination about the "No-Pro- !
J. motion Stock System" Of the Greater Manhattan Consolidated Mining 1
+ Company If Ls Angeles that instantly appeals TO the masses h find I
+ lei a portion # h wealth Of h rich gold mining districts OF the /
j. great State of Nevada. The Greater Manhattan Consolidated Mining /
J. Companys system is conducted on h cooperative or community /
+ plan. each shareholder enjoying tn full benefits derived from the use +
i o # he community cash.. Only treasury stock is avanable-none used i
i on the wornout promotion system. The Greater Manhattan property i
+ promises to become among the best wealthproducers N Nevada Men +
i O. expert knowledge in mining and development work IRE in personal /
+ control of thu holdings, IND they are displaying commendable activity /
+ in properly looking arer the interests OF HI shareholders by comple- i
i ing arrangements to secure early results. J.
J. JJ a. YOUNG, J.
+ Mining Editor OF los Angeles Herald. J.
+ +
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-18

The following Associated Press dispatch a printed in the
Albany IN. " Argus:
WIN. J. ARKELL MAKES A FORTUNE IN GOLD FIELDS.
San Diego, Cal, July 21-wnliam j. Arken, former owner of
Judge n the Albany Evening Journal, "a STRUCK it rich" in the
Nevada gold fields.
Arken, with c. E. Beardsley and h. R. Bacon, recently located the
Hindocraft gold mine 1t Manhattan camp, Nevada, n Wednesday he
old a large art # it to Los Angeles parties for a immense sum, h
himself retaining a controlling interest h whole deal representing
more than 81 100000.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-18

>. uos early in the month of March
- ohout four months ago that public
too was first brought to the exist
az If the Greater Manhattan Con-
solidated Mining company. You were
hon offered an opportunity to become
. pround-loor partner in the owner
chin of this group of mines
Al a price which looked so ridicul-
oaslv cheap that doubtless hun
dreds RETAINED from investing on
This very account. However, every mar
who analysed the offer that we made
At that time and who took notice of
some important points in connection
with the organization of this company,
bought stock without hesitation and
now finds HIS INVESTMENT HAS APP
.PRECIATED OVER 200 PER CENT
IN LESS THAN ONE-THIRD OF A
YEAR. Anyone will admit that it is
rapid travelling, where an investment of
$50 in March today represents SIS.
The proof of the pudding is always
the eating of it" and facts convince
while conversation simply annoys. We
have delivered the goods and the stock
Of the Greater Manhattan Consolidated
Mining company occupies a respected
position among all brokers and invest
Os ~thoughout the United States.
For our exertions in behalf of this
we ask no credit or claim no
compensation, but it is a fact we have
solicited the cooperation of investors
from Maine to California and from
Canada to the Gulf. Even the faraway
Philippines has contributed it's share
10 the development fund of this COM
pany, and today our shareholders are
small army-numbering over 700 of
satisfied and pleased c~o-operators. They
witnesses to what honest co-opera-
will do for a mans pocketbook, as
we'll as the condition of his mind for
can feel better than the man who
realizes that he has made the man who
realizes that he has made a fortunate
or speculation?
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-18
No Promotion
Stock

Now TO revert to the causes which
ave LED up to the success of this COM
'ny' let us say that you will remem-
i Wat we tried to strongly impress
pon you at the time we first offered
ns stock the fact THAT THIS WAS
IL oNLY COMPANY IN MANHAT-
AN winch had not a share of promo
~ STOCK. When this was thrown in
'eeth OF the investing public many
9usnt they smelled a rat, and some
'nere was a niger in the wood
Many did not have time to sit
ana figure with a pencil the great
a"tage that this plan of organization
ci 10 mining share stockholders.
mat time this plan has been
"oated In the eyes of the public, and
worked to the great good of each
very one of you. FOR THE mo
"uMoFloN STOCK IDEA" is BEING
-HiED all over the land by mining
II Is acknowledged to be the most
ne' safe and beneficial idea ever evolv-
1lGies. VI minihs CUM
.he onl.' plan by which each
L. saoioer Is made a ground-fioor part
WIN the organizers, for through it's
u. lucent workings every share of
il mas 10 come from the treasury of
0Ompany and has to be paid for in
"'iu-earned money. 1t bars the
promoter from selling the four
sool, thousand shares of treasury
order to make valuable his six
kocl, thousand shares of promotion
"hleh' as a rule, cost him about
i any," DIS a square mile of blue sky.
h. out the stereotyped plan of min
sssrr Nopositlons whereby 999 out of
sChlio l'OoV companies presented to the
ID nave ONE MILLION SHARES,
o0o 'ALlE $1.OO. DIVIDEND INTO
No., SHARES OF TREASURY
HoT1o,A. ND Goo, 1000 SHARES OF PRO-
SIloN STOCK
lhoN' 70 consider how the No-PRoMo-
o|h plan reverts directly 10
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-18

owned T S a"i n@RMsaa MEa aao m Ma .SS n a @ nS%% S ~ ans.mmnaaa% s%ssr a msaszs R ssGa%%s
@ 44a@a"T EsTr mTs p@SS"m s OF MM%Hln n pT pma%IS @ n AND Hna@@nn Tw wY%HH @m AMONG
the mm MW map also shows the tunnel sites o., Manhattan gibraltar and Graar Manhattan cm@ndMed. with
peak here ENd the government monument from. which bearings are take the mNWosm running lines
tae fMMT@ m%s 1&@ camp HSp % near that point "s p""""" "" manhattan" a." M"""
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-18
No-Promotion Stock System Is the
Truly Ideal Form of Co-OperatiOn

The Most Safe, Sane and
BENEFICIAL System Ever
Evolved in the Organi-
ration of Gold Mining
companies 80 lllustra-
lions of How This Plan
works and How the
converse of the Propo-
sition is worked
Latter Benefits the Pro-
moters Without Their
Risk, and the No-Pro-
notion System Benefits
Every S a r h o
Equally With the Pro-
motors, Who Must Risk
Equally as Much as He.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-18

Some excellent Roadway has been made
during the past week at the Taylor lease
on Boulder No. 3, and many interested
visitors daily find their way up the
gulch to watch results at the scene of
the big strike. The incline shaft is
down this week to over 80 feet. Owing
to the looseness of the ground some tim
bering has to be done on it. The ore
shoot, as it descends, continues to have
a width of 3R to 4 feet, which was it's
width at the surface. Much of waste
tale rock is being removed and the dump
Increases greatly day by day. Such ore
as is being taken out is also. being
dumped, and this Will at a later time
be sorted and sacked. About 200 sacks
Of the high grade manganese rock has
been accumulated and await shipment.
-Fairview Miner.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-03-11

duty and not alone for the mighty dollar.
Even when they hold tlrst-grade certi-
icates often fall far short of the stand
ard More than one who claims to have
graduated In the best schools of the
county have come under my personal
knowledge who are most assuredly not
capable Of irnparting knowledge to chill
dren. One in particular. who hail been
teaching for four years. was asked to
give her Views of the Gulf Stream"
opened her mouth in establishment She
had never even heard OF such thing.
another Of the so-called teachers was
SO much afraid OF "mice's.'' and yet an
other would ask for them molasses,'
and speak OF things being the ''awfulest"
and ''teriblest"
have only cited few things 1hich
have come under my own observation.
and knowing this to be the case In other
Instances feel the necessity for change
A great mistake was made In taking the
higher branches from the district schools.
IT Is hoped by many that tho high schools
will be Instituted In the rural districts
as agitated. There is a crying need for
better education. How can We have 1t
without teachers?
- A NEEDY PATRON.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-03-11
Why We Are In Favor
of the Multiple List
By WIN. A. BOWLES, 5Staunton, va.

masses. however, IL not tho plan OF Sc
Letting books, but the frequent changes in
the adoption OF text books, and an abrupt
change now to tho single list would cost
the people OF the State over q quarter
OF a million dollars.
Tho State Board adopted an excellent.
p-to-date l!st which has been In use
less than three years, and, In our judg-
ment, It would be to the best interest OF
the people and the schools to let this plan
continue for four. eight or even twelve
years, throwing out, of course. at tho end
OF any fourth year such books as might
prove unsatisfactory, either on account OF
quality or price. 1t Is possible that
few mistakes may have tcen made In the
arrange ment OF prices. but this Gun be
corrected at tho proper time, and the
trouble maS' not be ciiargeable to the
multiple list.
DR.. w. III. Ruffner. who has probably
given this subject more careful thought
than any other man In the tsate, says:
AS good bargains can be made under
county and city adoptions as under State
contracts" He says also that this CEN
tralizlng tendency in regard to text
books is squarely averse to the work OF
improving teachers. and that Stateetni-
foImity In text books (single list tends
to despotism, corruption and intellectual
death" We wish we had the space to
quote from many States where both plans
have been tried, but It would make this
article too long. 1t Is true that some OF
the Southern States are operating under
the single list plan. but In several OF
these States this plan was adopted under
severe protest from their educators. We
are heartily In favor Of The resolution Of
fered in the House by Mr.. Byrd, which
appoints committee to investigate this
subject. but we regard 1t as peculiarly
unfortunate that this investigation could
not have been made before the Senate
committed itself to the single list If this
committee Will take tho time and trouble
to investigate the experience of those
States where both plans have been tried
and where public education has reached
the highest degree of efficiency. we believe
they will report in favor of tho multiple
list and besides. their work will do much
towards educating the masses on this im-
portant subject.
We regret that our convictions prevent
us from jumping into the band wagon"
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-03-11
Want Better House
And Equipment

Lf.
CtROzET. VA, March 1o.-The people
of Crozet are taking great deal of In
tercst in the educational page Of the
Sunday Times Dispatch. Unlike most
educational Journals. It reaches the ma
Jorlty OF tho people, and that Is where
the work now lies. and this work among
tho masses has to be done before the
people OF Virginia can have better schools.
The present school conditions Mt Cro-
got may be said to DO both discOuraging
and encouraging. The conditions OF the
school building and Its surroundings are
very poor. Tho house itself Is barn
like structure OF three rooms. having no
lines OF beauty about 1t whatever. and
having never been painted. The work.
manship upon 1t was very poor. for all
along the wall are cracks. through which
the pupils can peep upon the outside
world The rooms on the inside are In
nearly as bad condition as the outside OF
the building. At the beginning OF the
present school session the rooms were
unadosncd with pictures. there were no
shades ut the windows, the teachers had
no desks nor chairs and there We're alb,
solutcly no appliances with which, To
work-that Is, there we're no maps globes,
grpmetrical figures, charts etc.
hut this state OF affairs is soon to be
a thing Of the past In Croset, About the
first Of January an educational meeting
was held here, which was very largely
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-03-11

attended by the citizens OF Croaet. Ths
people We're addressed at this meeting by
Dr. Bruce R. Payne. Of the University
OF Virginia; Or. Robert Frazer. OF tho
Southern Educational Commission. and.
Mr.. Charles q. Maphis. school examiner
for this district They succeeded In.
arouslng large amount OF enthusiasm In
tho Interest of a better school movement.
After the speaking the people organized
themselves into the C1tizens School I'M.
provement League, OF Crozet, with Mr.
David Brown as president. The first
object of the league was to raise money
to buy necessary equipment for the
school. With that object In view they
held on the 32d OF February Washington
reception at the school building. As a
result OF this work the treasurer OF the
league now has $40 with which to p,lr-
chase maps. globes, etc.
The present work OF the league IL Ia
build by next session five or six room,
brick schoolhouse. For this reason tha
people OF Crozst are intensely anxious
to 500 the school building loan bill pasa
the Legislature. for II this bill passes
1t will be an easy matter for the peopIa
here to have a good high school, with an
attendance OF ia5 or 100 puplls next sea-
sion. but II 1t does not pass. It IS the
general opinion OF the neighhorhood that
1t win be almost Impossible for them -
have q new school building by NEXT ysar.
E, F. BlRKIIEAD. y
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-03-11
DOING GOOD WORK
IN WARREN COUNTY

local talent-the best teachers In the
county. / would not in the least dis
count the good that comes TO those who
attend Our State nornlals, for the matter
gotten there is suited TO certain classes
and grades of our city schools. and many
country schools of advanced grade, but
the method and matter from our State
normais in my Judgment, are not suited
and adapted to the wants of the great
mass OF our rural schools. l am an
ardent advocate in favor OF establishing
local summer institutes In every county
under the auspices of the superintendent.
inspectors and best local talent. think
The Board of Education should encourage
IT. 1t will not interfere with State nor
mails. The two classes of nornals will
cover the entire ground. l think our
Inspector favors this plan.
Our Front Royal graded high school
OF seven teachers and an enrolment Of
300 constitutes q great beacon light of
encouragement to all the county schools.
From 1t an influence goes out In the
shape of furnishing teachers and talent
that can hardly be estimated. 1t has
been established tWenty-nine years. and
to-day 1t has representative men and wo-
men in every profession and vocation fill
Ing their positions with credit and honor
This. Mr.. Editor. is great encourage
ment to the superintendent, who has teen
In the work OF thirty years, and has
lived through an experience to see two
gnerations OF children pass from child
bod Into manhood and womanhood, to
make the world better. and life sweeter
because they were numbered among tho
living.
hope. Mr. Editor, that tho number
,f hn1i vail a
will not be Increased by the Legislature
and Board OF Education-for already
they interfere with the teaching time
allotted in the short terms Of five or
six months In our rural schools May the
sun arise in the East as the beauty and
glory OF a better day for our public
schools In Virginia under the new Con-
stitution, Is the sincere wish of the
writer.
G. F.. RCY,
Superintendent for Warren county.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-03-11

FRONT ROYAL. VA, March 1o.-on
February cad and Gath there was held in
the town of Front Royal the most inter-
estlng and instructive teachers institute
that has been held here for many years.
The good attendance and the ready ro-
spouse of the teachers to the request OF
Superintendent Roy for report, essay or
recitation showed an awakening interest
In the advancement Of education on their
part; and the excellent music to break
tho monotony OF speeches and inspire
those present to greater effort, rendered
by some OF tho best talent Of the town.
Moved interest on the part of those out
llde the public school work. The -usalH
districts were represented by trustees
as we'll as teachers. The one thing to
10 regretted Is that so few OF the pat
Sims were in the audience during the
vossions
On Friday. the 2sd, DR.. Robert Fraser.
Or, Bruce Payne and Professor Charles
:. MaphiS. Inspector and examiner for
the NTH circuit, In when Warren Is In
lluded. were with us. Mr., Maphis told
af the outlook Of public schools i'm Vir>
ginis. tIe realizes the enorlnity OF tho
work to be done, ard realizes that It will
take time to accomplish It. yet he thinks