Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1907-01-19
Rig SALE AT
ROUND MOUNTAIN

AS the days go by evidence of the
widespread interest which Nevada is
exciting in the minds of outside CAPT
talists rapidly accumulates. During
the past two years many of the well
known inanciers of the country have
invested heavily in the mines of this
state, and the returns on each and
every one of these Investments has
been excellent. AS early as 1902
Philadelphians of wealth became
heavily interested in Tonopah prop
critics, but it was not until about
three years ago, when the Schwab
interests began to invest here, that
national attention was called to this
section of the country.
A deal was consummated in this
city yesterday which, If rumor be
correct, places one Of San Francis
co.'s most prominent business men in
the local field. That man is no less
a parsonage than Rudolph Spreckles,
the sugar king, owner of the San
Francisco Call. and various other
large enterprises on the Pacific Coast.
The property in question is a group
of claims in the Round Mountain
district, known as the Blue Jacket
group. The deal was consummated
through the well known firm of local
brokers, j. w. Shelton & Co. Their
representative in the field was |. NJ.
Baum, a young mining engineer who
came to this city only five months
ago, but whose work has attracted
considerable favorable comment. Mr..
Baum is a graduate Of Cornell,
class of 1903, and came here as an
expert in the employ of the Shelton
Company. He is the man who passed
upon the merits Of the property, and
It was upon his sayso that the money
was paid over.
The men whose names are given
as purchasers Of the property are y.
s. Simpson, managing editor Of the
San Francisco Call; II. S. Hornick,
business manager Of the same paper;
NJ. S. Sonnebaum, a Baltimore cloth
ing manufacturer; S. Zeinberg. a di-
rector in the United Cigar Stores
Company, with offices in New York.
J.. Buchanan held an option on the
property, but the real owners were
Osborn Smith. his son Evert, w. II,
Clark and j. II. Shockley.
The price paid for the property
was $4,000, all cash. but incorpo-
ration will follow at once, and al
ready reservations of the stock have
been made for investors who have
unbounded confidence in the district
The property consists of five
claims and two fractions, situated IN
the Round Mountain district. adjoin.
ing the famous Fairview, one of the
richest mines in the section; it also
lies against the Round Mountain
Daisy, which changed hands las
week, being turned over to a grouI
Of well known Tonopah capitalists
There is a shaft down ~forty-eigh
feet, and assays on the ore averag,
from $45 to $50 to the ton, although
surface rock was taken out of tn
ground at this point which wen
$4,000 to the ton. The ground 1
Of a granite and porphyry formation
The new company is in a fair wa,
to get the contact ledge and vii
undoubtedly have one Of the larges
mines in this section Of the state.
Rex Beach, author OF THE Sopil
ers," and one of the best know
writer's in the country, and his part
ner have secured a lease for dr.
washing purposes on this claim. MI
Beach is at present absent from tn
city, but his partner will at ono
commence operations.
The fact that two deals, aggregat
ing over $4,000 have been mad
during the past week in the Roun
Mountain section speaks wonders fo
the quality of the ore in that pan
OF the district. Added to this is tn
fact that the people who are becon
ing interested are Of such a cha
acter that they must naturally b.
come boosters for the state. Wit
such a paper as the San FrancisC
Call singing the praises Of Nevadt
and an author Of such fame as Re
Beach welding his pen in its int
ests, added zest will be taken
the boom which is sure to come wit
the opening of spring, and the 1
lux of newcomer will be larger tha
even in the history of the state.
~ M