Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1907-10-05
SALE OF IMMENSE
Phoebe PROPERTY
FAMOUS YUBA EAST ORE SHOOT
IL RELEASED FROM ALL
LITIGATION.


mere mention of this name brings
to the memory of most of us how
William Lloyd and John r. Cook
struck the shoot of ore in the great
porphyry dixie two years ago last
January, that promised to make
them rich men in a few months.
They shipped two carloads of ore
running over 1920 to the ton at
present values, when down upon
them came the lawsuit and injunc-
ton brought by A. w. McCune of
Salt Lake that stopped all work and
kept Phoebe from making a record
that would have brought it to the
front two and a half years before
the railroad was to reach it. And
now with the railroad gangs work
ing in sight of the town. and Rail-
road Day almost upon us, suddenly
comes the news that this great shoot
of ore, that has done more than any
one thing to prove the immense
value of our now famous porphyry
dixie, is freed by the court and can
be Immediately opened up.
Charles S. Miller, president of the
Boston-Pioche Mining Company, upon
being interviewed, said:
Yes, we own the Yuba East, and
it feels pretty good to me to make
that statement. Ever since l got
out of Messrs. Lloyd and Cook, out
at their Mendha mine in June, after
long arguments and pleadings, an in
timation that they might be induced
to take fair price for their end of
the suit rather than to spend years in
court, | have been working and writ
ing lawyers every day until finally
successful. Why, that was the worst
fight for lawsuit ! ever got up
against. Both sides were fighting
mad, besides knowing they were
fighting for prize worth millions.
They had got it up to the Supreme
Court of Nevada, where it had been
twice argued, and both sides, regard
less of which would have been whip
ped, were ready to carry the case
to the United States Supreme Court.
And two more suits were ready to
launch by the loser. Why. the law
yers could have supported their fam
lilies for years on that suit, for the
principals were like two bulls with
their horns locked. But we had
some good lawyers, Sullivan &
Cromwell of New York City, than
whom there are no better in that
city; LeGrand Young, ESQ.,, of Salt
Lake City, and last, but not least,
Charles Lee HOrsey of Phoebe, whose
work on title, and his opinion, were
| highly complimented by the other
lawyers. Why, there were only seven
innocent looking mining claims ac-
cording to the records, lying on top
of that one ore shoot, all in different
parties names, and it was quite a
| tdHSie 10 uuTdVel Cnem.
''Mr. McCune, after he had once
come to an agreement, did all in his
power to help the matter out, and
finally everybody got tied up, signed
papers and the deal went through,
giving us perfect title, because we
captured every claim.
| I'VE have by survey located the
exact place for a shaft to strike the
ore body exposed in the Pacific tun-
mel. and three shifts began work on
September 18th under Foreman
Cleine putting down an inclined
shaft to tap the ore body. This shaft
will go down on record time, and be-
fore December 1st we will be in
shape to take out ore both by shaft
and tunnel with the best of ventila-
ton. Then will come some ore ship
ments that will make the mining
world sit up, rub its eyes and say
What's the matter with old Phoebe
that looks pretty good 7
This is good luck for all Phoebe
and we offer our heartiest congratu-
lations to Mr.. Miller and his COM
pany, which thus comes to the front
with a rush. With the Yuba East
Boss and Scranton and Silver Peak
they own nearly mile of one of the
best dykes ever discovered in Amer
lea, and one that has been proved
to 400 feet in depth, not to men.
ton the McFadden and their other
properties. The company can now
look forward to years of profitable
mining, and we do not have 10 know
what cash they have in their treas
ury-the Yuba East ore shoot stands
out palmer than any bank account
! 1t just looks like big piece OF
luck that this should have happened
so near to our Railroad Day, that We
have looked forward to for so many
weary years. To the back and rear
| 80 o,,oo lxar, 0f lox-C como hN- It.aI