Los Angeles herald., 1906-09-28
COUNCILMAN IS
MODERN MIDAS
SMITHS MINES POUR WEALTH
INTO HIS LAP
Declines 100000 for His Interest In
Nevada cIalm--At GoidfleId and
BuIIfroe He Has Other
Properties

The Midas touch of Councilman
George A. smith of the Fifth ward has
turned a deposit Of prophyry IN Ne
vada to gold.
Mr.. Smiths mining partner, Emerson
Gee one of the best known mining ex-
merits in the country, has found gold
in a ledge of prophyry etween Keno
and Carson City that in some places
runs as high as $500 ton and all Is
good milling ore.
Mr. Smith has already been offered
100000 for his interest in the claim, put
has refused it, and in his own words
.would not look at it for a minute"
The ledge Is more than mile ana
half long and averages 300 feet in width.
II is covered by claims that embrace
territory a mile and half in length
by a mile wide, all Of which Mr.. Smith
has options on. This new find is within
a mile and q half of the old Comstock
mine, from which so many millions OF
dollars were taken.
Men are now at work developing the
mine.
Plenty of electric power can be had
within a mile Of the mine, water Is
abundant and timber is cheap.
Mr.. Smith will leave for his new mine
as soon as the charter amendments that
aer now before the council are out Of
the way and will install a stamp mill.
His Friends EnVious
He estimates that the ore can be
mined and milled for about 81 ton.
Mr. Smith received some samples of
ore from this mine yesterday and
showed them to his friends to their
envy.
This mine is but one of many that
Councilman Smith owns in the gold
bearing territory OF Nevada.
On the Ladd mountain at Bullfrog
he has five claims that were among the
first gold discoveries made at that
place. All of these claims are on the
same ledge as the famous Shoshone
mine and he has been offered $35OOOO for
two of his five claims, which he has
refused.
Carter Harrison, former mayor of
Chicago, and several associates have
an option on one Of Mr.. Smiths mines
in Goldfield.
He has a rich silver mine between
Goldfield and Tonopah and gold mines
about twenty miles west of Goldfield
In the Wild Rose canyon and the
Panamint mountains he is the chief
owner of the biggest antimony deposits
in the country. Antimony is used
largely in the manufacture of smoke
less powder.
With Shoshone Montgomery
What he considers one of the best of
his mining possessions are twenty-six
claims forty-five miles from Bulfrog,
on what is known as the Ramsey and
Thompson strike. In this venture he
has associated with him Bob, Mont
gomery, who sold the Shoshone mine to
Charles Schwab for So, 900, 900. The ledge
in this mine is two miles long and runs
continuously, averaging five to fifteen
feet wide. Out of ALI assays taken at
random from the entire length of the
ledge an average of $50 ton is found.
The deeper the mining goes the richer
the ore, and Mr.. Montgomery figures
that there is at asst 81, 100000 in sight
on top.
AS Mr.. Smith refuses to form any
stock companies to operate his mines,
using his own capital for development,
and seldom sells one, his estimates of
the value of his own mines is always
taken by his friends as being conserva-
tive.
He has been heard to declare that if
he should be elected mayor on the Re-
publican ticket it would mean an actual
loss to him of 100000, and probably
more, through the necessary neglect
that would be entailed to his personal
interests. but admits that the honor
would offset the financial loss.