The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-06-29

- formation, ana As the oemanos
= heavy. subscribers will please ex-
= ercise patience. and allow for " Il
= or three weeks time for 4
= No nswer by mail
A. K. p, Cleveland, ohio-You mis-
understand in regard to the Frances
Mohawk dividend. When this paper
In a recent issue that the Fran
ces-Mohawk had paid as per cent In divi-
dends, that did not mean. as you take
II, As per cent of the money paid by
shareholders for the stock, but IS per
cent Of the par value of the stock issued.
The company Is capitalized at one mil
lion shares of 81 each. nine hundred and
ten thousand shares were issued and the
has therefore paid about 45
per cent on $4,000. or s409, 900 all told.
The Frances-Mohawk stock was put out
at 20 cents. The investor has not only
had his original investment returned
but 1875 per rent profit. and we under
stand that there was still enough money
In the treasury to pay 10 per cent quar-
terly dividends for some time to come.
before the Company made its recent
strike on the Curtis lease. just pur-
CiidSCus lii Wlith dPPtofc Inv
bonanza. We cannot at this time, un-
dertake to give all the dividend paying
mines in Nevada The data has never
been compiled.
y. =. D., Sacramento, Calif.-The Fern
Cliff mine is in the White Horse Mining
district, in the east portion of Washoe
county, nine miles northwest of Wads-
worth, which is on the Southern Paci-
nc. Not much work has been done In
this district and its permanent value as
a mineral country has not been deter
mined. but is has every ear mark of a
rood camp. While the work has been
shallow still the district is credited
with nearly a million dollar production.
We can give no information from a
personal knowledge. about the Fern
Cliff Mining company. A prospectus at
hand rays the company owns three
claims from which assays have been
received running from $15.02 to $32.17.
We understand that only a slight amount
of work has been done, and an attempt
Is being made to raise working capital.
The officers are. d. c. Mitchell. presi-
dent, San Francisco: Fl. C. Norris. vice.
president, Los Angeles; J. 8. White,
secretary, San Francisco. w. F. Rus
sell, San Francisco and r.. w. Snow,
Oakland. other directors.
q. L. u, Albuquerque, u. k.-The
Goldfeld Ledge Mining company owns
about 200 acres a few miles east of
town. near the Rochester mine. There
is a 70-foot shaft on the ground and
considerable prospecting work has been
done. Several thousand dollars have
TO-, .uack ~, <ha rrnparty ord a rafapf
for the and has been applied for. Not
working at present.
=. L. D., salt Laks-The Gold Horn
Leasing seems to be making
every effort to make good both with
the mine and with the stockholders. The
directors recently passed a resolution
providing that any stock sold from the
treasury would be regarded as pre-
ferred stock and participate in any divi-
dend before the common or promotion
stock.
=. y. w.-Heart of Goldfeld and
Goldfeld Noble not working. Nevada
Queen G. NJ. Co.. is in Cuprite district.
Have no late data on 1t, but you may
inquire later. Office of company. 619
Kitridge guiding. Denver Goldf1eld
Princess does not appear on Chute's lat
cts map. as a corporation owning prop
erty in Goldfield. Give us some data
for a starter in making investigation.
A. y. O., Slater, No.-The Kansas
City Goldfeld company is putting down
it's shaft or the Velvet and c. o. d.
claims. The ground is good and the
work is being done in a workmanlike
manner 1t Is only a matter of depth
on Velvet and c.. o. d. ground. before
ore is found.
J. y. D., shakapes, lkinn-The Mo-
hawk Leasing Syndicate is hard at
work trying to get the ore. Plenty of
work has been done and the money judi
ciously expended. but SO far without
results. The lease expires October, but
we understand that 1t is to be extended.
q. y. J., San Trancisco.-Manager
Casey of Casey hotel, Main n Miner,
and Peer and Hopkins, managers of
Hotel Nevada, Hall and Columbia. ]. F.
Douglass. manager new Hotel Goldfeld,
Columbia and Crook.
Z. K, New Maven, Conn.-You have
learned by this time that a strike of
great richness and strength has been
made on the Mohawk Jumbo. The Rick
ard Mohawk Is working right along,
so far without substantial results.
J. =. T., Fulton, Mo.-Nothtng doing
on the Fawn. Good piece of property
and some one will get hold of 1t sooner
or later and will mine 1t. The lease
you speak of has been abandoned but
another lease was taken in it's stead
and has splendid ore already.
p. X. D., P~lainheld, n. 1.-THE Somer-
set properties are in the remote end of
the district. We know very little of
them. If they are no better than some
of the other promotions by the firm
named. they are not worth much.
II. g., York, Pa.-Would strongly adj
wise disposing of the stock you hold and
convert 1t into the other stock you men,
ton. The former is not an active trader
while the latter is and is destined for
much higher prices.
Scranton, Pa.-Party of whom you
ask seems to AVE left Goldfeld some
ago and we do not know his where
abouts. Your letter has been referred
to an interested party.
n. O., oakland.-Nothing Is being
done on the Manhattan Gold Bar. Write
the secretary and treasurer, who is To-
Gated in Goldfeld.
@. g., Crete, Ill.-Can give you moth
in satisfactory on either the companies
of which you ask.
A. K, winnemucca.-work is being
done on both the Midtown and Milltown
W. L.. venedy, ML-Nothing being
on the property you ask about.
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