davidaulloa/AmericanStories huggingface dataset:
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-28
PRODUCTION ONLY STARTED

,ngneer, in the Tr1bune)
district from geological point of
rather than another? There is
that portion naturally the
promising which already proved bearing In other
words there why paying mines should be
found in all the other indicated well that
the of Goldfeld
Furthermore careful inspection OF the geology OF this
district that the two andcses which underlie and
dacite throughout portion
tire district payable veins
IDENTIFY underlies large of the later andese 1t is
therefore perfectly legitimate and well considered
boldly through this latter andese
OF penetrating the below and by
prosecuting latter its bearing
structure of the district may be compared
exceedingly fiat dome which summit is
exposure Combination. Mohawk,
which summit the dace flow dips gently toward all
points compass that eventually II is covered by
the northeast and especially south
off fault also to the north
by another fault at the foot Of Columbia mountain
deductions above the result of sound
reasoning undenabe geologic facts and writ
md fainthcarted. who
think that the fluctuations of the mining stock
based the mineral production of the dis
trict. which Kipng would quite
There absolutely to Judge
probable Goldheid the price mining
prairie by the corners in the Chicago market
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-28
CONSOLIDATED DECLARES
DIVIDEND OF TEN CENTS
WITHPROMISE OF EXTRAS

prospects, not one of which had been
developed with any system, nor was
&c uipped with proper mining machinery,
nor was opened in a manner to permit
of economical ore extraction. The leas-
ers workings had been fo- the purpose
of gouging out the greatest possible
amount of high grade ore in the least
possible time. ara without any thought
whatever for the future of the mines
In fact they were almost useless, and to
inake them available at all the company
has had to expend much time and
money. The leasers, in their haste and
through ignorance of formation now
we'll understood left more high grade
ore than they took out.
Limited Milling Facilities
In early spring Of this year the COM
pany bought outright the Combination
mine and mill This gave it complete
control of a system of intersecting veins
and avoided, for all time disastrous
apex litigation which otherwise must
have tied up the camp for years. The
Combination is the only mine in the
district that has been wholly developed
by the owning company. and was. until
recently. the only mine of the Consoli-
QdttQ SIOup iiOhi "hie'i Wv NcNAN -
economically produced. The mill, how
ever, while an excellent one. Is only OF
20 tons daily capacity and so Inadequate
to the company's needs that 1T hardly
counts 1t is a fact, little understood
and less appreciated, that the Console
dated management is obliged, for lack
of milling facilities, to confine its opera
tions entirely to high grade ores; to ship
those ores at a total average cost or
mining. shipment. treatment and PEN
atty of $3.50 per ton, whereas with
plant such as is to be built at Goldfeld
the same ores could be mined and milled
at total cost of $3.50 per ton. 1t has
been necessary to develop the mines at
a cost, for wages alone, of $1,000 a day;
to equip them with very costly machin-
cry: to provide fund of nearly $1,000
600 for a huge milling plant and to pro-
vide heavy working capital entirely
from the proceeds of high grade ores
and from royalties on leases The COM
pany has not only accomplished this In
ten months, during which its mines
were non-productive for total of IL
weeks because of labor troubles, but II
has accumulated also a surplus from
which dividends can be declared at the
rate of $4.20O.000 a year; more remark
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-28


In the generally OF thought this
community question asked frequently Have
we reached production, and
beginning downward course?"
The emphatcally, No! There is nothing in the
district indicate that have
explored small proportion of the
bearing bodies being stopped
greatest depth yet the Mohawk), show
no sign with those above
and this level they
the length of the payable bodies
the various faults and penetrate the veins
on further side.
study preliminary bulletin of the Gold
field geological
shows explored and from which
ore is being 1900 feet long by 5000
275 the entire surface
posure of the dace formation including Gpldhed CONSOLE
Blue Bull Is not less than $40
starting at the east
edge extending and miles
onehalf miles northeasterly is
than 80 cent Of its entire
of this the producing territory Is actually
small area-less than per cent Of the whole.
district mentioned there large areas
exposed miles due east of Goldhed.
vicinity of Black Butte. another
half of Damondhed. another around Preble
all these probably aggregat-
ing 1000
If the dacite the most favorable for mines in
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-28
NEVADAN LEASER READY TOSHIP

Florence Will be shipping
K "nn
ro hue tha h
doubled and
when 1t is completed
the bock
Mining
shipping nigh grace
e
the 1ss-foot level b
extraction of This su. w
the point Is
cut the vein on this lever ABOUT
Ofeetfr rom
out is completed the Nevaon
The nere
better than szoo
make
month
. . . =
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-28
DOING DEEP MINING
ON MACKENZIE PROPERTIES

Development work is progressing al
. great rate on all the Mackenzie prop
critics with strong Indications that every
one Of them will be shipping regularly
within a very short time. The big two
compartment shaft on the Frances-Mo-
hawk lease on the Gold Wedge claim OF
the Jumbo Extension has reached the
56o-foot level and station is being cut
st that point preparatory to driving a
crosscut to catch the big ore shoot that
dips into the ground from the Mohawk
end Mohawk Jumbo. There is no specu-
lation about this ore body being there,
The vein has already been cut on the up
per levels and several shipments of high
grade made by the Frances but the point
o: entry was close to the Mohawk side
line and as the vein dipped directly into
the lease ground, it was deemed wise
policy to get greater depth before open
ing up the lead for regular shipments.
The plant is equipped with all the ma
ch!nery necessary for mining on scien-
tific scale and Mr.. Mackenzie declares
that he will take $500.000 of velvet from
the ground embraced in the lease block
before the expiration of the lease, and
Mackenzie has habit of making good.
The Combination Extension mine. an
other Mackenzie property is rapidly
making good. The big ledge. which was
broken into some time ago on the upper
levels has been entered on the 4O0-foot
level, where it is fully so feet wide and
carries higher values than 1t did higher
Up. This big ledge is undoubtedly the
extension of the great Little-Florence
IRE body, which has beel proved to run
direct fr,n the Little-F orerce through
the Rog.r. -Gol1field Synd. ate ground.
across the Goldfield Rosebud lease on the
O. X. Fraction, the Nevada Pearl lease
on the Coordination ground and into the
Combine ion Extension tfr:itor.'.
This is the big ledge which is now be-
ing explored and while the ore so far un-
covered is not of shipainG grade 1t is
but a qlest'or of time when the hlgn
grade shoot viii be entered. The ore
looks exactly like the Mohawk ore.
heavy with black sulphides. but the
values are low, running from rev
dollars to SEQ ton, with an occasional
streak that assays in the hundreds. the
ore along the hanging wall lies in the
same clay gouge that carries the values
in all the workings throughout the dis
trict. in which rich strikes have been
made The Combination Extension Will
be heard from in the future, as Mr..
Mackenzie has the utmost commence IN
the property and is prepared to sink the
shaft to a depth of 1000 feet II neces-
sary to get into the hisn grade
The Jupiter mine, out near the Saho-
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-28
MOHAWK-CO COMBINATION GETS
NEW ORE BODY AT 200 FEET

The Mohawk Combination lease has
broken into a fine body of ore on the 206-
foot level. in the north crosscut. The
ore body is three feet wide and assays
s1.100 ton. The same vein has been
cut south OF the shaft and although the
values are not as high as the north end
of the vein. assays run between $500 and
$500 a ton. The strike comes at an OPP
perfume time as the ore body in the Kali
fus block. which was being exploited on
the 300-foot level was found to dip into
the Begole ground and the incline shaft
of the Sheets-Ish block, could not make
connections without going into Begoie
territory.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-28

storm has been showing lew grade ore
:or wesKs and last Wednesday the great
sulphide ledge was entered on the 254-
foot level. The ledge was opened up in
the vest crosscut and the miners are
driving through to tha hanging wall.
The err gineers estimate the width of the
ledge on this level at from so to 100 feet
wide and the values that may be OBJ
,ained when the hanging wall is reached
are at present problematical but the in
dications are that in addition to a huge
body of milling ore the Jupiter will soon
be taking out shipping ore in quantities.
The Jupiter shaft is down 265 feet and
will be sunk to a depth of 500 feet and
possibly to a greater depth. The ex-
traordinary flow of water. $4,000 gal
Ions day, which was encountered sew
eral weeks ago has been brought under
complete control since the new and
powerful pump was installed and is now
giving no trouble.
On the Frances Mohawk mine prop
erty, 15-foot vein of oxidized quartz
was entered on the 300-foot level a few
days ago. The ore is exactly like that
taken out by the old leasers on the
Jumbo and it is believed that the vein Is
the same that has been proved to run
through the Gold Bar, the Blue Bull and
other big properties in the vicinity.
Good values have been obtained along
the footwall and when the hanging wall
is reached, these values may be greatly
increased There are half dozen big
lodges traversing the Mohawk
ground and the indications are all that
fnr fh0 xfvncy NJ q
mine The shaft will be sunk to the
500-foot point at once and crosscuts
driven on the ledge at that depth.
The Madonna mine, adjoining the
Frances-Mohawk, has been in ore for
several months, the values running from
S11 to $14 a t,n A crosscut is being
driven on the 3O0-foot level to tap the
ledge that has just been entered on the
Frances-Mohawk The shaft will be
sunk to 400 feet and possibly 500 feet
and crcsscuts driven to open up the
veins n the lower levels.
All the Mackenzie properties are being
opened up under the direct supervision
of William Mackay. general superin-
tendert, one Of the most capable and
hest known mining men in the country.
All 'he properties are fully equipped
with the most up to date mach.nerv 3nd
out at the Frances-Mohawk e regular
amp has been establish i, with cabins
for married men and substantial
boarding house for the single men.
Everything possible is being done to de-
velop the various properties along the
most approved lines and the methods
employed are in themselves strong
argument in favor of ultimate success
being achieved.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-28

On Monday of this week the directors
of the Goldfield Consolidated Mines
company declared an initial dividend Of
10 cents per share, and at the same time
officially announced that dividends Of
like amount would be declared monthly
thereafter, with extra dividends as oc-
casion might permit.
The investing public will doubtless
receive this announcement of the direc-
tors with much satisfaction. Profess
sional traders, on the other hand, ex-
press great disappointment. They had
expected a ascent dividend. payable
quarterly; and many of them had
bought more of the stock than they
could afford to carry in anticipation of
quick rise, quick profit taking and a
rapidly falling market in consequence
all of which would have been ideal from
the traders viewpoint. The 1O-cent divi-
dend did not cause an advance. nor
could it have done so in view of pro-
fessional plans made for a 25-cent divi-
dend Traders were overloaded and the
banks of Goldfeld, where large deposits
of Consolidated money are held, prompt
ly began calling in loans in preparation
for the dividend disbursement next
InOntI, WHICH Will dlHOuht " $ooVsVVV'
The stock has been forced upon the mar
ket and has declined in consequence.
Consolidated Paying Big
There is reason to believe that buyers
of Consolidated will, hereafter. be OF
more conservative class, holding the
stock for assured dividends. At 10 cents
per share monthly, the stock is now
paying 12 per cent per annum on par
and nearly 1871 per cent on $3.50 per
share the closing price yesterday. There
will be comparatively little chance for
manipulation Of the stock, for whoever
receives such a dividend will hold on
thirty days for the next one. The stock
will be gradually absorbed into strong
hands and its market value will, hence
forth. be determined by the income It
returns.
That so young company as Goldheld
Consolidated should be able, in face OF
many and very serious difficulties, to
pay $4,2OO,OO0 per annum in dividends,
or IL per cent on $36,000,000. is remark
able-how much so can be appreciated
by those only who understand how great
those difficulties have been. In De-
cember, 1906. the company was organ
lied to takc over the Mohawk, Red Top.
Jumbo and other more or less developed
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-28
QUITTING STATION AT
$50 x1v1x on xA0UHA

big station Is being cut on the 450-
foot level of the Laguna and connection
will be made on that level with the Red
Top workings. by meeas ov tunnel and
upraise. AS soon al tnisF connection Is
made the management will prosecute
vigorously the development of the
ground. and open up the big ore body
that was located by means OF the dia-
mond drill. Later connection will be
made with the Mohawk workings on the
450-foot level. by means of tunnel
1000 feet in length.
The Consolidated company has order
ed 150-horse power engine for the Mo-
hawk and the main shaft will be sunk
to depth of 1000 feet at once. The
working shaft of the Combination mine
will also be enlarged and 1t is the in
tention of the management to eventually
make connections between the Mohawk
and the Combination and the Mohawk
and Jumbo mines
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-28
ROSEBUDLEASE HAS ORE AT 400

The the
opened the RosersGodhd Syndicate lease The
made
in
S
a all
Almost time
they were working the extension the
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-28

able than all else. 1t has accomplished
this without unduly imI everishing its
mines, for the ore has come almost en-
tirely from development work. few
Slopes having been broken beyond the
point where they serve as upraises to
block out ore. 1t can be stated with
confidence that no gold mine in the
world can show such a record. The
management deserves. and will cer-
tainly receive. the greatest possible
credit for the manner in which the
properly has been brought to dividend
paying basis
Possibilities Of Consolidated
The future # Consoiidated, and main
tenance of dividenes for a very long
period, are guaranteed b. the immense
bodies of milling grade ore now ex-
posed in the severa. nines. 1t is esti-
mated by a competent engineer that
over 100000 tons % n 81 ore. averag-
ing $25 per TIN. are now in sight above
levels already who'll, or partly explored
and the deepest os these is down only
450 feet. Allo wing a reasonable extern
sion of the veins and ore bodies DOWN
ward such as is Iern ,ssible in mine
estimation. this tonrsse of mill ore is
enormous. The Jumbo, Laguna and
January ore bodies are not included in
tho above, because development OF
these properties has not gone far enough
to permit an estimate. The Jumbo is
expected, however, to become a great
producer of both high and low grade,
while the two other veins are Of re-
markable promise. The Kglfus vein on
the Mohawk claim is expected to make
as great mine Gg the Mohawk proper.
II is now producing over $4,000 day
Larger Profits Prosnised
1t can1tt be too clearly impressed
iron the Investing public that however
remarkable the output of Consolidated
Las been, It will be very greatly in
creased at less than half the cost, when
the mines are developed for economical
working and when proper milling facil-
tiles are provided as will be the case
during 1908, preliminary tests being
now nearly complete. The present dfvi-
dend rate of IL per cent per annum on
par ts10) can probably be, and un-
doubtedly will be. much increased with
corresponding advance in the market
value of the stock. Its intrinsic value,
in the opinion of engineers of the high
est standing, is beyond the present SELL
ing price.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-28
MOHAWK RED TOP LEASE
Is DOWN 300 FEET

The Mohawk Red Top Lease COM
pany's shaft is down 800 feet and Pres
ident Macmillan expects to cut the rich
Red Top lead in the shaft at depth of
45O feet. Surveys. made in the UNDER
ground workings of the Red Top by the
Mohawk Red Top engineers. have defin-
itely established the fact that the Red
Top vein dips into the lease block, just
over the line on the Laguna. The big
two compartment shaft is being sunk
about 292 feet from the diamond drill
hole that located the ore on the Laguna
property 1t is 800 feet from the La
guna shaft and ESQ feet from the Red
Top shaft. The company is controlled
by j. H. Macmillan and George B. Hol-
lerali.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-28
ATLANTA CHEROKEE HAS
CUT TWO GOOD LED0Es

The Atlanta Cherokee lease has cut
two lodges in the south drift on the sso-
foot level THE ore is heavy in sui
phides and although so far the values
are not high the formation and the
character of the quartz is very promis-
ing. The lodges are ten feet wide and
are widening out as the development
work progresses In the west drift on
the same level. they are working in SO
feet of vein matter, which Superintend-
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-28

The Daisy Leasing and Mining COM
pany is driving a crosscut on the 250-
foot level to catch the pay shoot that
was opened up on the 2O0-foot level.
The crosscut is In for distance of so
feet to the south of the shaft and some
values. indicative of the presence of a
vein in the vicinity have been obtained.
The water has been brought under con-
troll and sinking will be resumed as soon
as the vein has been tapped on the 220-
foot level. Three shifts are at work and
the work is being pushed with all pos
sible speed.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-28
P1oa1Ess or D1v1xo11UHx
or xI1 ax1uez1o1

On the simmerone lease the ledge has
been cut 200 feet from the shaft on the
265-foot level and has been penetrated
for distance OF - feet Some good
values have been obtained but no. ore IN
shipping quantities hns ~ yet been un-
covered. The ledge dips toward the
shaft and early next week sinking will
be resumed The shaft will be sunk
another 100 feet and a crosscut driven
from that level Superintendent Ross
expects to cut the ledge within 100 feet
OF the shaft on the 365-foot level and
the probabilities are that the ledge will
be found to be even greater in extent
and richer than on the upper level. In
the meantime the crosscut on the 1855
foot level will be pushed through the
ledge to the hanging wall. In the hope
of breaking into a shoot Of shipping ore.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-28
BE0oLE LEASE on MOHAWK
GETTING READY TO sxIH

The Begloe lease on Mohawk No. 2,
formerly a part OF the old Kalfus lease.
has cut the ore shoot at depth OF $40
feet and preparations are being made to
begin shipping at once. The shoot is
an extension of the big ore body from
which the ohawk-Combination Is ship
ping high grade and the Begole people
intend to sink the shaft to the 40 point
at once and crosscut for the vein at
that depth.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-28

ent Smith believes will lead into a paw
shoot. The west drift is in $50 feet and
the south drift is in 149 feet. Consider
able lateral work has also been done on
the 200-foo. level. Sinking will be re-
sumed in a few days and the shaft will
be sunk to the 500-foot level.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-28
NEVADA PEARL LEASE

The Nevada Pearl lease on the Com
bination ground, is drifting on the 200
foot level to catch the vein that has
been opened up in the Rogers Goldfield
Syndicate ground, the Rosebud lease on
the o. X Fraction ON the north and on
the Combination Extension on the SOUTH
west. Some high values have been OBJ
tanned but the ore shoot has not yet been
entered.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-28
Fl ORENCE L. & M. LETS
CONTRACT FOR DEEP SHAFT

rich specimens, with broad bands of
pure gold running through the rock
have been taken out. The specimens
are identical with the best specimens of
Little Florence ore and If the Reilly
vein can produce anything better the
lease will prove bonanza of the first
water
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-28
RICHARD MOHAWK
WORKING TWO sx1rrs

The Rickard Mohawk Leasing COM
pany Is developing its block through
two shafts, one of which Is down 1s6
feet and the other 220 feet. The former
will be sunk to 2ss feet at once and
crosscut driven to tap the fine looking
ledge that is being explored on the up
per level.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-28
The Actual Output for the Current Week Was 4l29
Tons, the Greatest Production In the
History of the Camp, and Valued
at More Than 100000
4129 tons: estimated value


1.-The emmsa nd
value is tn
Of "
uh
to be m OF tn
optM Of the Mohawk Jumbo on
, than nms for
stocks otbaedn npodu b ar
For Mewe
Mnows me
Jumbo Dump toni p
aMmN ton mill value
The treated o OF tn
Wor h The Of o a
Weekly Arizona journal-miner., 1907-01-23
TOWN or SALOME BIO FOR ITS
 AGE
Cl'rom Wednesdays Daily.r

County Surveyor r. W. Latimcr re. turncy yesterday from the new copper country around Salomc. where he made a number of surveys for mining com. pany. and also surveyed and plattcd the town of >alomc. which embraces n tract of l0 acres, divided into eighteen blocks. Seven streets, of 15 and 100 foot widths. were set apart in the town. site. and the lots as plated arc 5Oxlio feet and 2jxiiO feet in dimen. sions
 Mir. Latimcr says that inc new town is lively one from n business stand point. and that there is great demand for town lots. Besides the new depot which is of the same general plan and size as the depot in Wickcnburg, the railroad company owns number of dwelling houses for it's employees, and Il hotel. a general merchandise store, res taurant, lodging house, postoflicc build ing and snloon gives the place busi ness air not equalled by any town of its age in the Territory.
 Salomc is the railroad station and distributing point for n large section of country, embracing an area extend. ing from the Hnrqua Iiala mines to the Bill Williams River, and as far west as the Colorado River. The HarQua
 Iala Gold company has two large oil storage tanks in tho place, but has been unable to get any oil, although the gen erai manager has made several trips to Los Angeles in an effort to pur. chase oil in large quantities for use as fuel in the mining camp, about eleven miles distant. As result of the fail urc to procure oil at my cost, the com. pany's representative is now making strenuous efforts to purchase wood for fuel for the large hoisting plant and mill, it being impossible to operate the latter full time on account of the scar. city of fuel.
 Mir. Latimor believes that the new copper country is one of great mineral possibilities, and that 1t will event. ually prove io be among the richest in the West.