The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-12-07

Reader, wheeling. W. Va. The leas-
ing system is carried On differently In
different camps. The royalties and
duration of lease are usually governed
by the merits of the ground. In some
camps. where the grade of ore is only
moderately good and where there must
be deep and expensive mining and prob
ably long freight hauis. very liberal
terms are given to leasers. the time
often running for from 2 to 5 years at
from Is to 20 per cent royalty. In other
camps where the grade of ore Is high.
the lodges Known. the expense and risk
minimized, the time Is shortened and the
ROYALTIES increased. More rigorous con-
ditions are imposed on Goldfield leasers
thar in any other camp in the country
to our knowledge. because the leaser
has a better chance here. Leases are
rarely given for more than IL months
and the royalties average about rs per
cent of the net smelter returns. A
graduated scale is adopted and the
royalties increase with the grade of the
ore, for instance. 20 per cent on $50
ore; 25 per cent on 800 and SO on up
to SO per cent. The Florence company
gets as high as SO per cent on some of
the ore SnlDDtu ny ltdSCiS- iit Ohto
lions are often imposed governing the
work to be lone on the property; as for
instance a certain number of shifts per
month or so much sinking to be done in
a given time, or sinking to a certain
depth before any prosecuting or drift
ing can be done. Leasers complain or
the exactions of the owning companies.
in many cases, and while there nave
been some extremely profitable leasing
operations, most of them have been a
loss to the leasers by reason, often, OF
the expiration of the time limit. How
ever, most of the owning companies
have been liberal in the way of extend
ing leases, especially IL the leasers have
done good and faithful work without re-
turn; provision is also made in the Gold
field leases for the extension of time for
a period equal to that lost In time or
general strike or lockout.
O.. =. O., milwaukee. The Goldfeld
Jupiter Mining company was incorpor-
ated about a year ago under the laws or
wyoming with a capitalization or
!, OOO, 900 shares of a par value of 81, OF
which 500, 900 shares were placed in the
treasury. The stock Is registered. The
property consists of two claims Known
as the Red Light and Gold Fleece in the
Sandstone section of the Goldield dis
trict. These two claims are Immediately
north Of the May Queen and sideline the
Kendall Extension property. The opera
ton Of the property is in the hands Of
d. Mackenzie & Co. which insures ac-
tive and intelligent work. This firm
has the reputation of doing more real
n 49, ~-,, 1xAo. IL Cn1dAn1d
J. D, Kansas City. The Johnnie Won
der Gold Mining company was incorpor-
ated about a year 9 under the laws OF
Arizona with a capitalization Of $780,
600 shares of a par value of 81. The
property consists of five full claims and
a fraction aggregating about 1870 acres
in the Johnnie district. Nevada. The
last reports from the property reported
a most promising showing. vein matter
in the shaft giving values in gold, silver
and copper.
=. \. 4, Dusanvills, Cal. There is no
company of the name you mention with
property in the Goldfeld district proper.
although the company name would seem
to indicate that it's holdings were in this
district. We would suppose from the
small map accompanying your inquiry
that the ground Is in the Cactus Peak
section. We will endeavor to get full
information by next weeks issue.
u. T.. ?, New York. The annual re-
port of the Goldield Consolidated
Mines company will soon be sent to
stockholders. The copy for the report
is now in the hands of The Goldfeld
News for printing.
= McD.. aan Yrnucisco. Kindly
give us the property on which the Gold
field Arrow had a lease or the name OF
some one who Is an officer.
r. II. sAn Diego. There is a Real
Estate syndicate doing business here OF
which j. f. Slinkey is a member and
the The party of whom you
inquire is not known to us nor is his
name in the last directory.