davidaulloa/AmericanStories huggingface dataset:
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-26
NORTHERN CAMPS AS SEEN
BY GOLDFIELD MINING MEN

ping to the north and the other dip
ping to the south, giving the company
apex rights over a large territory.
Nj. Christy says the Jack Pot is
shipping steadily and is a big mine.
superintendent Harries has lone a
wonderful piece of work. said Mr..
Christy, sin developing the property
to a depth Of 800 feet with an s horse
power hoist. There il also 1900 feet
Of underground work. 1900 feet of
which is in ore. They are shipping ore
that averages $3.50 a ton n 1t is all
taken out in development work, no stop
ing having been DONE"
Mr.. Christy says the Vulture has
picked up the vein that faulted, although
the Vulture people are Of the opinion
that it is an entirely new vein.
At Fairview the party was taken e
the ground of the great Nevada Hills
by General Manager Weber. They
were shown a three-foot assure in a
big cropping. fifteen feet high and about
twenty feet long from which ore that
ran $4,000 a ton had been taken. AL
together more than 5000. 900 was taken
from tina hole. In one place they were
SHoWu an O~utCrOpphu6 = oidSh APiA~
that assays 500 a ton. The same vein
has been opened up in a winze 140 feet
below the main tunnel level, at a total
depth of 400 feet. There the ore has
turned to a Manganese sulphide and
averages $1,000 a ton. The Nevada
Hills, says Mr.. Christy, has 5000 feet
of working and every foot is in ore
except where there have been faults
Manager Weber estimated that there
is 5000, 900 worth Of ore blocked out
jim the mine, and not one-f.fth Of the
ground has been opened up.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-26
FINANCIAL SITUATION THE
CHIEF TOPIC in TONOPAH

prices. The Tonopah people are loyal to
their stocks. They believe just as
firmly that the fortunes of this camp
are to be made from its securities, as
that tomorrow will follow today.
The east has started something on
Belmont. When that stock did not de-
clare a dividend after the construction
of the mill, there were all sorts of ru-
mors started. The most cruel one was
that the ore in the Belmont had pinched.
Cal Brougher, one of the biggest, II not
the biggest individual holder in the COM
pany. came here and made an inspection.
"Rot!' he exclaimed. when spoken to
about the reports of the east. The
mine never looked better in her hole
history. since the first day / saw the
property"
There were others went through the
mine, and their reports were in similar
vein.
The mill of the Tonopah Mining COM
pany. as well as that Of the Belmont,
both located at Millers. have been closed
down this week for the reason that the
fuel system is being changed from
steam to oil. This 1t is expected will
enable the mills to raise a greater ca
pacity for their electric plant, n to
keep, in consequence, more stamps in
continual motion. 1t is said that the
work will b. completed by the early part
Of the week when the machinery at Mil
lers will again be set in motion.
Schwab's gratuitous fling at the men
OF Nevada kept everybody busy here for
awhile. 1t was in Tonopah that Schwab
made his first Investment in Nevada, and
there is a to his luck in the
shape of the Tonopah Extension. He
bought the stock of that company, the
control of it, for Is cents a share. and
the stock went up to SIS a share. On
the decline there were some of Schwab's
close friends got out at the top figures,
If not schwab himself. If this is what
Schwab calls losing money. he can get
lots of people to share his losses in this
city. The Tonopah Extension is consid-
cred by experts who have been into its
depths. to be one of the best properties
in this southern section. On the face
of what the public knows. Schwab can
not say that he has lost money on Elk
tension. He says thai Montgomery
Shoshone is no disappointment to him
so everybody is at a loss to know whaI
he is driving at. If he means Green
water. that is in California.
1t may be a mean thing to do, but
when Schwab got talking of the money
he a lost in Nevada. there was 6
natural recurrence to the promise of thu
steel king Of $1,000 to the Mizpah club
which the club has not received to this
day. Schwab promised his friends great
returns from his properties, just as ht
promised the Mizpah club the $4,000
The Mizpah club never said anything
about it's loss. but 1t was different with
the friends of Schwab. They made such
a great to do over their losses, that the
millionaire had to declare something
and he declared hat he had had things
misrepresented TO him, and the infer
ence must have been that it was his owr
men who made the misrepresentation
There will not be any mines called after
Schwab in this part of the county.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-26
MACKENZIE OFFERS STATE
BANK & TRUST CO. $780, 600

pany. but his confidence in Goldfield
and it's mines was never stronger than
at the present time, when thu clouds
of financial disaster were lowering over
the country. Mr.. r~1ackenzie's ~quickness
in sizing up the situation and his
promptness in coming forward with an
offer of assistance to a suspended in
stitution that held $4,000 of his money
In its vaults are typical Of the man and
been generally and favorably COM
mented upon in Goldfeld since his more
than generous action became known.
Whether or not. Mr.. hickey accepts
Mr.. Mackenzie's offer. he must appre-
oiate the spirit in which 1t is offered and
IT is certainly the strongest lind OF
proof Of confidence when a man will
voluntarily offer to loan a fortune to
aid an institution in distress, that
institution already holds 100000
of his money.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-26

The biggest consolidation scheme ef-
fected in the GoIdfeld district since
the merger deal. has been consumated
bv Robinson & vickers. who have merg-
ed all the leasing companies under their
control, including the Mohawk Florence.
the Mohawk Gold Bar and Mohawk
Daisy in a new corporation under the
name of the Nevada Goldfeld Lease
Company. The new corporation IL or
sanixed under the laws Of Nevada with
a $500. 900 shares. par value. IL each
The absorbed companies were capital
ized at 81, 900. 900 each. The charter Of
the Nevada Goldfeld Lease company
permits it to buy and operate mines
and leases, and in fact transac any
business that a mining company Is gen.
orally authorized to do. The charter
also contains a provision for a reserve
fund of rs per cent of the unexpended
profits to operate other mines and
leases.
In addition to taking over the three
companies referred to, the new COM
pany has acquired q number of new
leases, the largest and by far the most
important Of which Is the lease of the
company workings of the Combination
Fraction. The lease provides that the
1easers shall widen the present one
compartment shaft. to two compart-
ments and a manway and also that the
shaft, which IL now down 463 feet shall
be sunk at once to a depth of 1000
feet. The lease runs for IS months from
the day on which work is begun. The
Combination Fraction ground. accord
.--l~~~o,.I xx,ov oorrfoo
the famous Reilly vein from the Flor
ence and according to Robinson & Wick
ers' engineers, ould be encountered in
the Combination Fraction at a depth Of
about $50 feet. By upraising the shaft
can be widened very rapidly and Rob-
inson & vickers figure that they can
get into the Reilly shoot inside Of ive
months. which would give the company
more h a year for the extraction Of
ore.
The sinking Of this shaft to 1000 feet
will make the Combination Fraction the
deepest workings in the camp n will
either prove a bonanza to the 1easers
or spoil q nne piece of property, which
has already produced In the neighbor-
hood OF $500. 900. The mine IL at pres
emit equipped with a 35-horse power
hoist and all the necessary machinery
for carrying on the work.
Under the terms Of the consolidation
the Mohawk Daisy and the Mohawk
Gold Bar turn in to the treasury Of the
new company about 300.0 600 shares Of
treasury stock. The Mohawk Florence
has no treasury stock but contributes
its cash reserve of about $50. 600. The
x~eo.,rv ~ xho pou comnauv IN further
enriched by between $1,000 and $4,000
from the other two companies. OF the
new issue Of stock, 500. 600 shares Is
turned into the treasury which will
give the Nevada Goldfield Lease COM
ANY, 500, 900 shares Of treasury stock
and about $4,000 in cash. The stock
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-26

One of the heaviest creditors of the
State Bank M Trust company is d..
Mackenzie, who had on del osit in that
institution 100000 when the bank
closed its doors. Mr.. Mackenzie received
the news OF the suspension II the bank
with his usual calniness and at nee
expressed the opinion that the bank
was all right and would 500 be open
for business again. His next move was
to telegraph President t b. Hickey of
the State ank and Trust company at
San Francisco. offering him the use of
$2oo.o0o to help tide over the financial
under which the bank was
laboring. He followed up his offer by
taking the e train for Gan Francisco
to make a personal offer of the money
to Mr.. Hickey n urge its acceptance.
Mr.. Mackenzie declared he not only
had the fullest confidence in the solv-
ency Of the State Bank and Trust COM
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-26
roun Dnrxxrua aras

have four complete oil well drilling
OUTFITS also about $3.50 worth Of cas-
ing. fishing tools and supplies. These
are Tor sale or I will Join responsible
parties in h development of Utah oil
lands. have been developing old prop
critics In California for seven years ana
now have opened up a field producing
the highest grade refining oil ever found
In America. Ny knowledge and expert
practical judgment upon alleged OIL
bearing territory. I have in my employ
some of the most practical oil Wen
drillers Of the country.
/ am prepared to entertain business
propositions from responsible parties
). e. Kerr. 3sS Bush street. San Fran
cisco. Cal. O26-2t.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-26

The Baltimore Belle Mining company,
which is working a lease on the Gold
field Hubs Bee Fraction. has a shaft
down 200 feet and the crosscut which is
being driven for the Jumbo vein. is al
ready in 125 feet. The lease is admir-
located. with immense outcrop-
pings on the surface and ~surrounded by
the Florence on the west and south, the
Atlanta on the east. and the Jumbo on
the north The lease il controlled and
managed by Robinson & vickers and the
double compartment shat is equipped
with a powerful hoist and air COM
pressor plant for operating the machine
drills.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-26
TO PIECES
No Calls on GoIdfield Exchange But San
Francisco Market Shows Declines
All Along the Line With
Consolidated at 81

he stock market opened up weak on Monday morning with IS bid for Console
aAa and F1m~nee going at s255 seller ten. Consolidated hat declined Item points
by Wednesday al a result of the financial upheaval in York an the general
scarcity Of money h suspension Of he State Bank and trust company pt the
finishing touches or the market and in view OF thu unsettled condition OF affairs
the hoard of manager of the Consolidated stock Exchange ordered an adjourn
IL the boards sessions from Thursday until ext Monday. The GOVERNOR
PROCLAMATION declaring legal holiday to permit te banks throughout the state
to ret their anairsf in shape for IN emergency hat nigh arise in nseque
of the general financial unrest,o of course prevented m further tradhg in stocks
eve had III xchange remained in session. as neither brokers nor investors could
und to 10 business will. The physical condition OF the mines in the
Golaneld district vas never better and considerably more thar half a million dol
lars has been paid out in dividends during the present month. A genuine and
strike IN the Syndicate block or III Florence should give strength to
property has caused a revival of interest in that. old m producer and nay aus
The local brokers' however. have little expectation o a strong or even al
active market until the mcley situation in the East has again reached a stage
pproachn tn normal
In San Francisco Friday, onsondate sold down to 81 The ian Francisco
quotations are all that are available and are given below.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-26
rXnEE SXxYTs WORKING
on THE JuPITE1 MIME

Three shifts are working at the Jupi-
ter mine, under the direction of Super
intendent ]. p. Murphy. h shat is
down 270 feet and the pump has re-
duced the volume of water from $50
gallons a day to about 60 gallons a
day. The two crosscuts on the 30
foot level are being pushed ahead in
record time. The north crosscut is in
125 feet and is going forward at the
rate of 9 feet a day. The south cross
cut Is in 80 feet and is making IL feet
a day. Superintendent Murphy expects
to cut the south ledge in about rs or 80
more feet. The compressor plant has
been equipped with a new fifty horse
power motor n everything o the
mine is in fine shape, while the mine
itself is showing UP better every day.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-26
sAcxINa DEE on TIE
NA1xvEW AT WALKER LAKE

Z. s. Van Dyck. of the firm of Watson
& Van Dyck. returned from a visit to
the property of the Marlview Mining
company in the Walker Lake district a
few days ago. The Marlview company.
which is controlled by the firm. owns
four claims a few miles from Thorne
and although but comparatively little
work has been done. they are already
sacking ore for shipment. The shaft,
which is down so feet on the vein is
showing up in fine shape. h assays
running from $50 to s261.23 a ton. One
picked sample ran s1.700 a ton. One
shipment of twenty tons. made by the
former owners of the property brought
net returns Of 1886 a ton.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-26
BUTTE BOYS SINKING
TO GET uNDE1 ORE

The shaft on the Butte Boys prop
erty, out near Red Mountain. in the
D~iamondneld section. is down 40 feet
and a contract has just been let for
sinking another 100 feet. When the 240-
foot level is reached a crosscut will be
driven for the vein that was recently
uncovered in the upper level. where as
says as high as $1,000 a ton were re-
turned from samples of the ore. 1t is
expected that when the vein Is cut at
greater depth it will be found greater
in extent and fully as rich in ore.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-26

An attractive, stylish young woman,
"a. splendid reputation, well educated.
capable in business and accustomed to
money. would like to make the acquaint-
anee OF a good-natured dark or medium
gentleman aged 80 to 40 or Whereabouts
such a one would Correspond and later
consider matrimony If mutually agree
anie. ADDRESS in strictest confidence,
BOX 1871. University Station. Los
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-26

l wish to communicate with response
pie barty regarding handling automobile
business in Goldheld; chance to earn
large profits in the business is unques-
tionable. Communicate with me at once;
l will consider only parties that mean
Write to Robt. Wachman. 22s
Rowena street. Detroit, Mich.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-26
Horsr WAITED

There should be in Goldfeld a number
OF good secondhand hoists for sale. I
want one. Must b complete and first
class; 15-h.p. Fairbanks preferred. Spot
cash. What have you? Send complete
inventory. J. E. Kerr. 36s Bush street.
San Francisco, Cal. O26-2t.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-26
SPECIAL ADVERTISEMENTS

Road house for sale a short distance
from Goldield, doing a good business.
suitable for man and wife. Terms rea-
sonable. Address p. o. Box 156, Gold
field.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-26
STOCK QUOTATIONS
Prices on the San Francisco Mining Stock Exchange
for Friday, October Is, 1907.

NOTES.-The following Did and ask pricesa are taken from he omcial quotations
of the Gldneld Consolidate Exchange for Friday Where n 10 quotations are given
here was neither bid nor asked prices IN the CALL
Daily press. [volume] (Newport News, Va.) 1896-current, 1907-10-31
SAYRE BROTHERS GRANTED
CHARTER OF INCORPORATION
Phoebus Foundry Doing an Excellent
Business. S. H. sayre is the
President.

The Messrs. Sayrc Brothers. who
for several years have conducted n
foundry in Phoetus, have been granted
a charter of incorporation as Sayre
Brothers, Incorporated. by the Virgin.
ia Corporation Commission The offi.
GERS of the concern are:
President. Mr. Samuel II. Sayrc:
treasurer. Mr.. Charles r. Sayre: sec.
retary. Mr. c. II. Hpkins.
The above with tho addition OF
Messrs. S. c. Rces and w. II Power.
compose the board of directors.
The capital stock 10 to be not less
than 100000 not more than $4,000.
The Phoebus foundry has proven n
success from the beginning and the
business has grown so that Messrs.
Sayre Brothers determined TO lnor-
po-ate under the laws OF the State.
Daily press. [volume] (Newport News, Va.) 1896-current, 1907-10-31
@
SENATORIAL BILL SIGNED
New Jersey to Try Popular Election
Method

TRENTON. N. j.. Oct. 3O-Govcrn-
or Stokes signed today Senator Col
hy's bill providing for a popular eM
preston in the solicitor OF United
States Senators. Under the presnt bill
900 voters may file petition with the
secretary of state indorsing a member
of their political party for that office
Candidates for Senator or assembly
man in filing their acceptance of nom.
nations may then sign one of two
statcments-the first pledging them
10 vote for the candidate for United
States Senator receiving the highest
number of votes in his county at tho
party primaries and the second pledg-
ng him to vote for the candidate re-
ceivlng the highest number of votes
in the state at the party primaries.
The governor also signed the hi
rect Primary bill. which provides for
the nomination of all candidates for
office. except governor. congressman
and Presidential electors. by direct
primary vote, instead of through dele
gates
Daily press. [volume] (Newport News, Va.) 1896-current, 1907-10-31
A QUORUM,
NO ACTION TAKEN
Attempt to Rehabiltate the Peninsula
Guards Not Yet succcssful-io
Try Again.

Although the attendance was dis.
tressinsly small. there was much in.
terest manifested at the drill of the
Peninsula Guards last night among
the eight men who attended
The contemplated action TO invite
former Capt. Thornton F.. Jones to
again become the captain of the com
pany, was discussed. but nothing def.
mite could be done on account of
the lack of quorum-therc being
not enough members present to make
the action legal.
1t is yet hoped that the company
can be saved from final dissolution,
although the tine in which the or
ganization has TO recruit up is draw
ing to close.
Daily press. [volume] (Newport News, Va.) 1896-current, 1907-10-31

daily statement of the Treasury
showing that the government had
charged itself with the liability OF over
$72 100000 credited 70 the accounts OF
disburslng others BY reducing these
credits TO normal figures probably
$i6,000,000 could lie converted to the
working balance of the Treasury, sub.
ject 20 imperative demands In the
business world. Disbursing officers
with large balances will. therefore. De
Informed that their credits with the
Treasury will, ut the present time. DO
reduced to figures more in consonance
with their actual needs.
Other Cities May Need Help.
Despite claims OF plenty of cash In
western centers. Secretary Cortelyot
has received suggestions that 1t may
be necessary for him To be prepared
to give assistance TO Chicago. ST.
Louis and possibly Cincinnati. The
bankers there express great conf
dence In their ability TO take care OF
any situation that may arise. lat Mr..
Cortelyou considers that il will be
prudent to be ready should develop.
ments b. of Il disagrecable character.
The only way he could get ready was
to increase his working balance
which he is now doing
Orders have also gone out to the
Philadelphia and San Francisco minis
TO get down TO business coming gold
and silver 70 have money OH hand for
Up to this time the
minis have been under no rush, bnt
they must do business in hurry for
tho next few weeks.
Daily press. [volume] (Newport News, Va.) 1896-current, 1907-10-31
EDUCA HORAL ASSOCIATION
WILL HAVE EXHIBITION
Splendid Display TO be Given DURING
the Month Of February. Plans
Not Fully Matured.

At a special meeting of the Hump
ton Educational Association Monday
night plans for tho art exhibition.
which the Association will hold some.
time during February, were taken up
and discussed.
The Association met with Mrs. Hen.
ry Lane Schmcl1 in East Queen
street, and considerable enthusiasm
was shown ini tho work for the COM
Ing winter After n thorough discus.
sion OF the proposed art exhibition It
was decided to postpone final action
n the arrangements until meeting OF
the association on next Monday night.
Daily press. [volume] (Newport News, Va.) 1896-current, 1907-10-31
Secretary Of Treasury Taking Steps
to Meet All Emergencies.
TO RETURN LARGE SUNS OF MONEY
Disturbing Officers viii Be Asked to
Fill the Golfers of the Department
Believed That Some Western Cities
viii Have to Be Aided.

WASHINGTON. Oct 3O-That he
may be prepared for any further fight
in any financial center of the United
States. Secretary Cortelyou. after con.
fcrring with President Roosevelt and
his assistants in the Treasury. has
decided to call upon disbursing Off.
GERS Of the department to return to
the treasurer large sums of money
TO their credit for disbursing pur-
poses.
This action has been decided upon
for the simple reason that Secretary
Cortelyou placed money so lavishly
with New York banks to break the ii
nancial hoodoo in that city last week
he diminished the working balance to
the smallest figure ever known in the
Treasury and left no more money to
meet further outbreaks OF shaSy
public.
The fact is that the head OF the
Treasury gave to New York and Pitts.
burg banks over s30.0o0.O0o of funds.
leaving the actual working balance of
the government only about s1G.40O.O00
Never l'efore has the sum reached that
slender figure except in time OF de.
pleted Treasury as during the second
years ago ii was considered trndi.
ton that the working balance sholEi
not get below s40!00O.O0O
What National Banks Now Hold.
The national banks OF the country
now b.ld S20l 100000 OF the funds OF
the government. besides sl2 600 600
more to the credit of dsbursing Off
cers. and it will be some time lnfore
tho Treasury can begin to withdraw
any OF this. New York bankers saw
that in n month or so, when confidence
Is fully restored. they can begin tn
return some OF the huge sums poured
into their laps.
Realizing the serious predicament
tho country would be in should further
demands be made for deposits and
there be no money on hand. Score
tary Cortelyou advised with the Pros.
idcnt and others as to how to provide
government funds. He found that the
abundance Of money in the Treasury
in the last few years had resulted in
'ahnrslnr officers drawing far in OK.
cess OF their actual needs fo- funds