davidaulloa/AmericanStories huggingface dataset:
Los Angeles herald., 1907-03-04
MINING

claims, owned by Carpenter & Sellers,
and the Luna, owned by Epstein and
associates, and many others.
This is one Of the greatest fields for
capital to invest their money in and
to be sure Of getting returns for value
received that | have seen in many a
day. Come to Skidoo and we will show
you the properties, and will guarantee
you will never regret your trip or leave
the camp without investing.
The Valley View property, owned by
Gocher & Seibert has been sold to
Strout & Co. of Oakland, Cal, for $780,
900, and the Spread Eagle group, owned
by Harris & O'Brien, has been sold to
James G.. Conners of Colorado Springs
and McCutchen of San Francisco for
$4,000, the deals having been put
through by Epstein e. Co.
Los Angeles herald., 1907-03-04
GOLDFIELD MERGER
INVOLVES S8,OOO,OOO
Details of Recent Report Made by Directors of
the Goldfield Consolidated Mines Company.
Financed by Baruch of New York

"The net result of these operations
Is that out of the sum of S,750,00O to
be received from the sale Of stock to
Baruch the company will be required
to pay him only the sum of $1,000,O0O,
leaving S6,750 900 In the treasury Of the
company; to be added to this will be
the sum of $542, ,25O received from the
sale of additional stock above mem
toned. To be deducted from 1t Will
be the cash payments made by Nixon
and Wingfield to purchase the re-
naming stock of the Combination
Mines company. These cash payments
will not amount to more than $4,000
SO that the company is now the alb
solute owner of the Combination Mines
company. and on or before January
1, 1908, will have in its treasury over
S7,200,000 cash from the sale OF stock
in connection with this transaction"
Big Fortune In Sight
It is not proposed to use this sum
for dividend purposes. 1t is to be set
aside for the purchase of additional
properties and for improvements.
The amount of stock owned by the
company in it's constituent companies
is shown by the following table;
Los Angeles herald., 1907-03-04
YOUNG GRADUATE
EARNS FORTUNE
Sold Group of Claims in Wonder Dis
trict for $4,000, Retaining
Big Interest in
Stock

Mark G. Bradshaw, young mining
engineer of Goldfeld, who graduated
from the University Of Nevada in 1908,
recently closed a mining deal which
has placed him among the wealthy
young men of Nevada. He has worked
hard for his fortune, however, and is
receiving the congratulations of his
many friends.
Less than year ago Bradshaw went
to Wonder and purchased the Ida group
of six claims for $500, and after doing
the assessment work left them and
went to Goldheld, where he secured a
position as mining engineer for the
firm of Patrick, Elliott & Camp. Brad
shaw sold that group of claims to Joe
Ward, representing San Francisco cap
italists. for $4,000 cash and $4,000
shares of stock In the company. This
stock will go on the boards in few
months at a good figure and at that
time the young mining man will be
able to clean up several more thou
sands.
He states, however, that the proper
ties are among the best in the great
Wonder mining district, and that he
intends to retain his stock, as it will
some day be selling among the high
priced mining stocks of the state.
Bradshaw states that the properties
ne has sold to Joe Ward are located
among the richest claims in the Won
der district and that lodges containing
rich values have been discovered on
every claim. The San Francisco cap
italists who have purchased these
claims intend to Immediately begin ex-
tensive development work and begin
shipping ore as soon as possible. Won
der is now attracting the prominent
mining men of the west and promises
In short time to be the leading min
Ing camp of Nevada.
Los Angeles herald., 1907-03-04
MINES
MAY PROVE RICHEST
MINE IN THE WORLD

Confirmation of the recent sensational
strike In the Goldheld ls received. The
find was ma6e on the Davis & LOTUS
lease of the Combination Fraction.
This ledge Is twelve feet wide and will
average more than $500 per ton. 1t was
cut at the 45t foot level and is at pres
ent tho richest and largest ore body
in the Golduneld district.
Mining engineers who have viewed
this wonderful ledge state that IL IT has
any depth It means that the Combina-
tion Fraction is the richest gold mine In
the world today and that the owners OF
the lease viii be able to ship over 81 400, e
900 every rioEth.
Los Angeles herald., 1907-03-04
MAY SELL BIG HORN MINE

It is stated semi-oficially that the
well. known Big Horn mine, located
near Little Baldy, has been sold by
Fred Fenner to Marcus Daily Of Mon
tona for 100000, provided only that
the thirty-day mill test now being run
comes up to promise. The option ex-
pires March "a. There is q ten-stainp
mill on the property, and Fenner claims
that he has a million tons of ore
blocked out that he can mill for S1.5O
to 81 and that It will run Sc TO the ton.
DAILY is in Catalina and his confirma-
tion of the story could not be obtained.
III the deal goes through It will be the
biggest ever consummated near this
city. The sale of the Glen Olive in
Kern county, near Havilah, twelve
years ago for 100000 was probably the
nearest to the reported figure on the
Big Horn.
Los Angeles herald., 1907-03-04
BUY MACHINERY
IN Los ANGELES
Two Carloads of Supplies Shipped to
the Mohawk Jr. Mining Camp.
Silent Friend Looks
Good

The r. A. Mcdonald company ap-
pears to be keeping the supply firms
Of Los Angeles busy furnishing mining
machinery for properties under its
control in the mining districts. The
members of the firm were kept hust-
ling Saturday experimenting the load
ing of another car which was forward
ed for the Mohawk Jr. camp, this be-
ing the second shipment from Los An
geles lately. In the Saturday car was
an Okell core drill. 1t is the plan
of the officers and managers of the
company to actively develop all their
mining properties.
f. A. Mcdonald left for the Mohawk
Jr. mine to be on the ground on the
arrival of the drill and other machin-
cry that he may personally look after
the installment of the same. The
company fully believes that rich values
will be reached within a short time.
It is generally understood that the
F. A. Mcdonald company will make
big showing on the Silent Friend
property, which is located about six
teen miles from Moiave In a northerly
direction about one mile from the
Keeler road. A wagon road Is COM
pleted TO the mine and ore cars and
rails are already installed. They are
sacking ore and getting ready to make
a shipment. The ore assays about $40
and picked samples run as high as
$203S1. The owens river conduit will
cross cut this property about 1000 feet
and should open up something.
- -o
Los Angeles herald., 1907-03-04
BONANZA GROUP
IN BIG MERCER
VALUABLE PROPERTIES IN THE
COMBINATION
Most Important Deal In Rich Mines in
the Noted BuIlfrog District-New
Company Is Capitalized
at $2,5oo,ooo

1t is reported that ]. w. Brock, T. l.
Oddie, j. H. Carstairs and others are
completing a merger of the Bullfrog
Victor, Spearhead and other Bonanza
mountain properties. The capitaliza-
ton of the company will be, 1t is
stated, $2,500,000. A treasury. of over
100000 will be provided at the start,
and development will be on an eX-
tensive scale. Recently numerous un-
coverings on the Victor have placed
the property in as favorable a position
as the best on Bonanza mountain.
Taylor BuIIfrog in Ore
When w. S. Taylor, president of the
Taylor Bullfrog, Gold Gulch, was in
Beatty several weeks ago, he sampled
a two and half foot ledge on the
property where it had been opened up
to a depth of eight feet, and on re-
turning to Los Angeles had fifty
pound sample tested at one OF the
leading sampling works. The ore
showed a value of $192 by the fire test.
Since the first test was made the ledge
has widened to three feet and appears
to be a better grade of quartz. A dou-
BILE handful of the broken material was
thrown into the spoon-like blade of a
shovel, and carelessly washed with
"a
gold that surprised those standing
about watching the performance. A
large quantity of the ore has been
panned and it is commonly estimated
that the rock will average $100 per
ton.
The Bullfrog Oasis gives indication
of being a bonanza. 1t shows fifty
foot vein that has been opened UP for
a distance of 1900 feet.
New Vein in the Midas
An unexpected vein was cut on the
shaft of the Midas last week. Ten feet
of milling ore, principally sulphide
tale, were passed through at depth of
120 feet. This vein lies between we'll
defined walls and bears all marks of
the staying propositions. The new
machines were installed on Thursday,
one in the Banner and one in the
Midas, in the shafts, and sinking re-
sumed on that day on the former from
the 170-foot level. Six Burleigh drills
are now in successful operation in
these shafts.
Los Angeles herald., 1907-03-04

The report of the trustees for the
Goldfeld Consolidated Mines company
has been submitted and unanimously
ratified. Nearly $4,000, 900 is involved
In the gigantic merger transaction, in
which thousands of Californians and
eastern investors are Interested. The
report, which bore the signatures of
George S. Nixon, George Wingheld.
John 5. Cook, J. w. Finck G. s. Thorn
as, James r. Davis and r. l.. Johns,
recited in detail the steps by which
the big gold producers of Nevada had
been merged.
In speaking of she method employed
to 1aise the money to meet options on
the various properties the reporc re-
Veal5 the fact that Bernard M. Baiuch
of New Y,rk has become a rover in
the col pure tion.
Baruch Supplies Coin
On this point the report ays:
"A contract was made on Dec an1 GER
% with Bernard NJ. Burush Of New
York city by which he agreed to lend
the sun OF $1,00000O to make thc pay
ment Of January 20, 1907, and In con-
sideiation 'or this loan he was to he
given an option to purchase 10UG 600
shares OF the capital stock Of this
company for the sum of S7,75),D00.
"A meeting of this board was accord
1ngiS helG on the 5th day Cf January,
1907. at which 1t was agreed that the
stock - the Combination Mines COM
pany should be purchased Cor 1000, 900
shares of the capital stock % this COM
rany ana an additional $4,000 yhares
was authorized to be issued for taking
3are Of incidental matters i'll cnnuec-
ton with the consummation of this
deaf.
"Onc million shares of this stoox X
was Immediately optioned 20 B. NJ
Baruch for the period of one year,
during which time, in case he takes
up his option, he must pay the company
for the stock the sum of $7,750,OO0 And
of the $4,000 shares additional $4,000
were turned into the treasury to be
sold at the rate of $3.50 per share"
Big Sum for Treasury
The report also states that the Com
bination Mines company, to which two
notes for a total of $7S9, ,10S.44 were
given, elected on January 20 to have
the notes paid in stock of the Goldfield
Consolidated Mines company, with the
exception of some $4,000. The notes
were accordingly Cancelled. At he
same time 72,300 of the 5000 shares
were sold and the sum of $542.250 paid
into the treasury of the Goldfleld Con-
solidated Mines company. The report
continues
Los Angeles herald., 1907-03-04
IRON MOUNTAIN
IS LATEST FIND
Emil Holden Makes Great Discovery
Near the Billiard Mine in
Arizona-Rush to the
District

What promises to be one of the
greatest discoveries of iron ore ever
made in Arizona was brought to light
when E. Holden of Wickenburg
brought to that place some fine speci-
mems of iron ore which he had found
in a mountain about twenty-eight
miles from Wickenburg in the vicinity
of the Bullard mine, and twelve miles
from Eagle station.
Immediately after Holden had dis
closed the location of his discovery
there was rush for the district, and
some 100 location notices, in addition
to the fifty-three locations made by
Holden, were soon conspicuously post
ed on the mountain. Despite this, Mr..
Holden, who is a mining engineer of
many years experience, states that
there are still many more claims to
be had there.
Ore in Plain Sight
Speaking of the find, Mr. Holden
said:
"It is surprising to me that this i'm
mense body of ore was not discovered
before, as there was trail leading di-
rectly across the very richest of the
ore which is as plain as day, and the
groupings would almost talk to you.
myself and associates have located
fifty-two claims and there are as many
more to be had. Our Alliance group
consists of twenty-six claims, and the
ledge can be traced for distance of a
mile and half, and is fully 1000 feet
in width. There are 10,000,000 tons OF
ore in sight, all first class, the average
of which is 6S to rs per cent iron, car
rying values in gold, copper and lead
Three thousand feet to the east 'ot
the Alliance group is the Black Dia-
mond group, consisting of twenty-siS
claims, and the showing here is even
larger than that of the Alliance, and
is shown up more particularly in a
| cave about sixty feet deep, all in ore
ION this group of claims there are
at least 3OO00,OO0 tons OF ore, running
equally as high in first class ore as
on the entire holdings.
II have been besieged with tele-
grams from some OF the most promi-
nent mining people of the world in the
last few days in regard to the prop
erty and / expect some very substan-
tial people here in the next five days
| TO look over the property.
"Mr. Drake OF the Santa Fe has as
sured me that a road will be built tC
the property at once.
Il fully expect that there win be
100 opvople rush to the new find within
the next week and there win be a
regular scrap for holdings"
Los Angeles herald., 1907-03-04
The rennrt adds.

The report ADDS:
"It will thus be seen that since the
announcement of November Il, 1905,
the acreage of the companies owned
and controlled by this company has
been increased from 156.47 acres to
395149 acres, and your board believes
that there is not richer section Of
mining ground to be found in the
world that that contained in this large
domain owned by the companies of
which this company is the practical
owner"
Payment of dividends upon regular
basis, it is stated, will commence with
in a short time. For dividend pur-
poses the sum of $1,1O0,OO0 is said to
be available at the present time. It
is further stated that ore to the value
of $7500,000 has been blocked out and
that ore to the value of $30,00O,0O0 is
in sight.
Los Angeles herald., 1907-03-04
Wonderful MlnInq Feat

The worlds record for the amount of
ore taken from mine in a specified
time was broken in Bisbee when 1881
cars were hoisted from the Spray sha II
In seven hours. The enormity OF this
performance cam of course, best be ap-
preciated by men familiar with mining
conditions, but the fact that il has
never been equaled is evidence enough
that It was remarkable. During one
half hour 10S cars were hoisted and
during the following fifteen minutes
lfty-three more were brought 10 the
surface, making a total OF 1866 cars IA
forty-fiNe minutes. The average FOR
the seven Eours was 1853 Al cars per
hour Hisbce minor
Los Angeles herald., 1907-03-04
BORAX SMITHS
NEW RAILROAD
WILL BE PUT THROUGH AMAR'
G0SA CANYON
Line on the Way to Greenwater and
Rhyolite, GoldheId and Tono-
pah - Smelter Site
Selected

Special to The Herald.
RHYOLITE, New. March 3.-The
Tonopah & Tidewater railroad, which
is the Borax Smith extension of the
Santa Fe, will be completed through
Amargosa canyon in six weeks, accord
ing to a statement made by General
Superintendent John Ryan. Mr.. Ryan
also stated that the road would reach
the Lila c. mine by June 1. This Will
bring the road within eighteen miles
of Greenwater. From Greenwater the
road will be rushed to Rhyolite, Gold
field and Tonopah.
Concerning the Greenwater branch
Mr.. Ryan said IF you have the busi-
ness the road will follow it. There
are two surveys-one entering the
town by the north and the other at
the southern end. These surveys are
matter of record. Work through the
canyon is being pushed and we have
large force of men on the ground.
l have Just completed tour of the
country in an effort to run down the
situation and 1 am of the opinion that
the strikes in and around Greenwater
are important enough to warrant the
building of the Ash Meadows smelter."
SmeIter at Ash Meadows
Mr.. Ryan also held a conference with
H. C. Bellenger in regard to the plac-
ing of the new semlter at Ash Meadows
and the railroad will be completed at
once to this point
The site for the smelter already has
been selected and within few weeks
hundreds of men will be employed at
the mines in building the smelter and
in constructing the railroad within a
few weeks.
Assays of characteristic ores have
been taken and upon the report of Bel
lenger will depend the type of smelter
that will be erected.
The money for the construction now
is ready and nothing but the lack of
material upon the ground prevents
work from starting at once.
Los Angeles herald., 1907-03-04
BLACK SAND VALUES
IN THE AMERICAN RIVER

Ralph BoIes, the veteran miner, who
now resides ar Auburn Cal. will be 80
years of age in April, but he is hale ana
hearty. He showed a sample of the
black sands from his mine on the
American river with the returns of All
assay from the Selby smelling works.
1t showed that the sands yield $66.97 in
gold per ton and small quantity of
silver. He has a valuable property.
Los Angeles herald., 1907-03-04
Lee District Looks Good

pressed with the possibilities of Lee
district, Cal, and a number have in
corporated company to operate
claims. They are N. P. Porter, presi-
dent; b. A. Perkins, vice president and
general manager; Joseph Nelson, secre-
tary and treasurer; Joseph Oberndorfer,
Erwin Evans, J. Howard Garrett and
]. Richard Smith. Ore as high as $742.4 40
in gold to the ton has been found on
the property
Los Angeles herald., 1907-03-04
Promises Fine Yield

Scott Owen of Visalia, Cal, has re-
are mining near Blanchard, Tuolumne
county, in which they inform him that
they have discovered a new ore chute
in their mine going over 800 to the
ton. The vein averages two feet In
width and up to this last discovery
has yielded over $40 TO the ton. The
lode is widening as they go down on il
and promises to be very productive
property.
Los Angeles herald., 1907-03-04
Plan BID Thlnqs

Big things will happen soon on
property of the recently incorporated
Goldfield Consolidated, particularly on
Mohawk, where 1000 feet below the
present shaft level 1t is predicted an
Immense strike Will be made. All OF
the properties will be entirely re-
habilitated and gone over, and great
sums OF money expended In improving
CLAIMS.
Los Angeles herald., 1907-03-04
Rich Rhyolite Rock

Utah investors were recently advised
that on the Utah Bullfrog property rich
rock had been struck forty feet in the
tunnel The property is eight miles
north of Rhyolite and near the famous
MaYfloWer.
Los Angeles herald., 1907-03-04
MORE SHELTERS
ARE DEMANDED
Hundreds Of Thousands of Dollars Re-
quired for Huge Reduction Plants
in California Mining
Districts

The construction of several smelters
in the Northern California counties is
expected. There are two smelters in
the Kennett district. A third smelling
plant may be added by the Guggen-
helms. The Balaklala smelter, now in
construction, will be increased in ca
pacity to handle 1850 tons a day. Au-
gust l next is the date set for the be-
ginning of smelling at this plant. Dun
can MacVitchie, the managing director
of the Balaklala, says that 1000, 900
tons of copper ore will be blocked out
by that time. The Balaklala has a
contract to treat the ores of the Trinity
Copper company.
The Redding Searchlight says that
work on the Keswick smelter is active.
If the litigation now pending in the
United States courts is decided favor
ably to the smelling interest the Noun
tain Copper company will install a
modern plant of large capacity to ham
die the low grade ores of the Hornet
mine.
Product of Smelters
The estimated smelter product OF the
Old Dominion mine of Globe, Ariz.,
for the month of February is 100000
pounds. The January production of the
Copper Queen smelter at Douglas was
9,50O,000 pounds of bullion. A new
copper district is opening up at Hot
Springs Junction on the Santa Fe, Pres
colt & Phoenix railroad.
The development of the copper dis
tricts Of Northern California is topic
of growing interest. Five hundred men
are employed in the Blue Ledge copper
district in Siskiyou county. Before the
1st of July, so it is reported, more than
1000 men will be on the payroll of the
Mammoth Copper company at its mine
and smelter at Kennett Seven hundred
men are at work for the company, ex-
elusive Of those building railroad lines.
Mine of Tunnels
According to the Redding Search
light there are 100 tunnels on the Bala-
klala mine and every one of them Is in
ore. The main tunnel of the Balaklala
mine has passed through 1000 feet OF
ore. which was encountered first at q
distance of eighty feet from the mouth
of the tunnel The Searchlight says:
"The stupendous copper resources OF
Shasta county, their amazing extent
and demonstrated richness are almost
incredible. While the interest of the
outside world is centering more ano
more in this district, not more than an
lnkllnB OF lnS ShoAiiNNS SNNPS - ~
ta's copper bearing zones has YET
reached beyond the confines of the
county.
"The Butte district for illustration, Is
confined to territory mile square. The
reader. however. will be able to ap-
preciate in its comparative aspects the
statement that the Balaklala grouI
alone, one OF the great copper mines OF
this district, covers two miles square
or a territory twice the extent of the
entire Butte district.
THE Balaklala is but one of the many
great mines on the Shasta copper belt
representing a district where a dozen
immense smelters may employ thou
sands Of men and build populous towns
and cities"