Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1907-08-17
NIL FOR The He .,,o
III HI0MESTAKE-kNIG
,,yn WILL BE BROKEN I'M
RaI,TELY FOR CONsTRUC-
woN OF BUILDING.

the party including b. D. Mi
..os,dent; his son, L. d. Milan,
'r Using young attorney Of Dallas
George L. Schumacher, secre-
~. ]. F. House and G. W. Forbes
w. n,llas, and J. H. Cole of Miller
notota. The latter three gen.
sOu are heavy stockholders in the
uomestake-King company.
nV1 one result of the official visit,
.,s on the Homestake mill will be
',.,ted right away. 1t was not pro-
n commence construction be-
the middle of September, the
nroqsion prevailing that the
.'sther would not permit operations
~ begin much earlier than that date.
mt . as President Milan said to
pbvolite Miner reporter, the
...tber is much cooler than VIC ex-
ascted to find it, and there is no rea-
,on for delaying mill construction an
other day
Ground will be broken for the mill
4 few days. The company has now
1evoloped a sufficient amount of wat
i for twenty stamps, while the work
:, deyelopment will continue. The
,0,inps are located near the water
,iebts of the Gold Bar, about five
rnos from the Homestake mine. The
aying Of the pipe will commence Just
=, soon as the pipe is on the ground.
The work Of developing water viii
,ot let up until a supply sufficient to
RIM fifty stamps is secured.
In company with General Manager
Con 0Donnell, who returned this
week from a trip to England and Ire
land. President Milan and party Wis
tied the mine on Tuesday. The Of
6cials we're greatly pleased with the
developments and the work done by
Superintendent Peter Joyce.
What impressed us more fayos.
ably than anything else said Mr.
Villain. lis the fact that the lower
down you get the better the values
are. These are better at the seconC
than they were at the first level
while the fourth Is better than th'
third. The workmen started TO Gu
The fifth station on Monday. Thi
promises to be richer than any of tn,
upper levels.
We are mining concluded Nj
Milan, and the condition OF tn
stock market does not interest us eA
cept in a general way. OF course, tn
owners OF the Homestake would b
better pleased IL the general stoc
market was livelier, but the cond
ton Of stocks never has and neve
will have the slightest influence upo
the Homestake. We started In
make a mine OF the Homestake an
We are more satisfied now than ev'
before that we have a mine. Z
As stated, the cutting of a static
at the fifth level was begun on NO.
day. The shaft, however, will
continued on down to the 700-fo
point, while lateral work Is in pr
gress. In about three weeks come
tons with the Gold King shaft W
be made, there now remaining II
feet between the two workings.
Already there is ore enough bloc
ed out to keep the Homestake m
busy for several years.
The Milan party came TO camp
Monday and LETT for The coast
Wednesday President Milan, who
home is in Dallas, Texas, now has
wife and family domiciled in Los \
geles, and for the next six mont
he will be in Bullfrog a great deal
the time.
President Milan, who has just
turned from a visit to New Yo
Philadelphia, Baltimore and oil
Atlantic coast cities, reports a v
satisfactory condition in the c
with reference to Nevada Mining
eurities. He says:
"You may have some doubts alb
me statement, but i is a fact {
Nevada stocks are the talk am
the brokers Of Wall street. Pop,
interest, largely due to the stae
non among industrials, has dri
them to take on mining. And II
Sa very decided tendency among
glasses Of people toward mining
yestments.
while II Is true that there
uhues a stringency in the cas-
money market, It Is my opinion
the situation will be relieved
very short time. Crops through
'ne country are good and all
cultural products are comman
'ancy prices. And again, there
amos universal prosperity. ]
uct the heaviest trading this fall
winter in mining securities
@nown before in the history OF
country"