Los Angeles herald., 1906-12-02
WHERE MILLIONAIREs ARE MADE IN A pAY
Great Wealth Of Southern Camps Surprising


| Wingfield and Nixon, who did sufficient
| work on it to demonstrate that II could
| be made paying property from ores OF
| a moderate value. One shrewd mining
engineer, however. believed that very
| rich ore underlay the Mohawk estate.
| He is G.. II. Hayes, and with M. j.
Monnette. his partner, took the Hayes
Monnette leases on the Mohawk and be-
gan work They had to go deeper for
the ore than they had anticipated and In
one instance ran q crOssCut within
twenty feet of a very rich ledge without
discovering IL until the same ledge had
been tapped below There were many
discoure gemeDts. and they sublet a
portion of their leases and kept on
work
Finally more money was needed and
Mr. Hayes went to the stockyards In
Chicago, where he induced James Smith.
of Smith, Carey e. Co, and Harry p.
Benedict, of Benedict, Murray e. Mac
Dowell, to advance several thousand
dollars and acquire a small interest In
the leases. Soon after that Hayes and
Monnette cut bonanza ore and began
shipping, and as an indication of how
the lease paid Smith and Benedict re-
ceived checks every week of $21000
each. This was UP until October. Then
the checks increased to $4,000 week,
and it is not known how large they are
now. but the Hayes-M Monnette lease is
producing 100000 per day.
Hayes and Monnette having blazed a
way to the vaults OF gold the other leas-
ers redoubled their efforts and one af-
ter another cut the bonanza ore bodies,
proving up their vast extent and maxi
ing daily shipments of from $4,000 to $75,-
900. More leases were granted on ad-
joining properties. One after another
they have been successful, until today
the mines on the money map are pro-
ducing at the rate of $42, ,000,000 i'm gold
year. This Is $4,000, 900 a year more
than the highest record ever reached at
Cripple Creek which was the greatest
gold camp ever known in America up to
this time.
Millions In Dividends
Most OF this s42,OOO,OO is being taken
out by leasers and distributed all over
the country in dividends. Many who
last spring and summer invested part
of their savings in these leasing opera
tions. have already found themselves
Independent for life, and now that tho
Hayes Monette interests have made
leasing a permanent business through
their Mohawk Florence Leasing u Mill
ing corporation, and the Mohawk Gold
Bar Leasing & Mining corporation, the
other leasing organizations have added
the same reserve fund feature which
insures permanency and guarantees
large working funds to further de-
velop the wealth of Nevada mines.
and distribute the largest share of their
product among the people of the
United States and Canada.
AS the Goldfeld News in recent
editorial says;
This tremendous movement in Gold
field mining shares is only the result
of somnolent and skeptic public wa
kening to the full realization of the
riches and opportunities of this dis
trict. 1t took a Mohawk to bring the
public to attention. and now they find
that there are other Mohawks that
they never dreamed of, or in early
days secuted as wildcats.
THE possibilities opened up for this
district by the Mohawk and Combina-
tion Fraction developments, are be-
yond the dream of man. AS develop
ment progresses, it would seem that
this same great body of ore and its
accompanying laterals might ramify
an area miles in extent and produce
riches Of which the world has never
heard before"
New Record Expected
Hence you can see the great power
and productiveness that these perman-
ent leasing organizations will have in
the making of new Mohawks, no mat
ter what their names. may be.
Leasing and it's attendant success
have caused the great boom in Nevada.
1t was the amazing production of the
January, the Jumbo, Mohawk, the
Florence. the Combination, the Gold
Bar, and other mines on the money
map that caused the rise in market
value of inside stocks. which in thirty
days time from October Is to Novem-
ber Is caused an enhancement in
value of $1,O00,O00 a day in those secur-
tiles.
Rich strikes on the Daisy and ad-
joining mines three and one-half miles
away, where the same character Of
ore in the same formation as on the
Mohawk has been opened up, has
caused further sensational advances in
prospective mines that are still in the
course of development, and have add
ed $10,0O0,00O to 10000 to the actual