davidaulloa/AmericanStories huggingface dataset:
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-01-05

The controlling interest in the Daisy
mine at Diamondfield is about to pass
into other hands. Colonel o. p. Posey,
Utah smelter millionaire. and his part
ner in Godfeld mine investments,
William Bayley. New York capitalist,
have secured an option on 100000 shares
of the stock from Frank Z. Horton,
president and owner of the controlling
interest in the Daisy Mining company.
The option holds good until February
/. At what price it has been secured is
not known, all parties concerned being
in San Francisco. They confirm the
deal, but refuse to state at what money
consideration the huge block of stock
is to be transferred. Posey and Bayley
are known to have large holdings of the
stock, and this, combined with the OPP
tional 100000 shares, will give them
complete control.
There are in the treasury $4,000
shares. The company is capitalized un-
der the laws of Arizona for 100000
shares, with treasury of 500,0aa.
Figuring that the Posey-Bayley inter-
ests are at least a block of 100000
shares which they were known to have
bought just before the sensational rise
in Daisy stock on November IL. when
it was held around $1.45. the additional
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-01-05
GOOD WORK ON
SIMMERONE

Out on the Simmerone Property, east
of Goldfeld, the Simmerone Leasing and
Mining company, under the management
of r. B. Todd, is accomplishing active
development work on it's lease and has
its shaft down 80 feet. Three small
lodges have been cut, in each instance
showing free gold values. The last vein
was cut on Wednesday at a depth of so
feet. The ore is hard pink quartz,
having the Simmerone characteristics
seldom seen in any other part of the
district
The shaft is timbered throughout and
gallows frame for the new hoist which
is billed to arrive on January 10, is
erected. Two shifts of men are at
work. At depth of 100 feet. crosscui-
ting is to begin The leasing company
has lately bought small fraction on
the west and it's shaft is also proving
their own ground.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-01-05
MILLION DOLLAR SHIPMENT FROM THE MOHAWK
ANOTHER RICH SHOOT
IN HAYES-MONNETTE

Larger and richer than ever discov-
cred ink their labyrinth of underground
xorkin8. Hayes and Monnette on
wednesday opened another rich shoot
Of ore in an upraise on the 27o-foot
level
II was partly discovered by accident
Men had been put to work gauging out a
high grade streak In the roof of the
drift when they broke through into an
enormous body of ore. Up-raising 10
feet. the ore was found to widen and no
sIgns of a wall are descernible.
Many men are now crowded into the
chamber and vast tonnage of ore is be-
ing broken. No shoveling is required.
the mine cars being placed at the bottom
of the raise and the ore falling down
when the shots are fred. 1t IL of an ex-
ceptionally high grade. averaging fully
$4,000 to the ton as broken. With a
small amount Of sorting 1t win average
over $4,000.
Though the management has $50 men
employed. they state that 1t is impos-
sible to mine tenth part of the new
find before the lease expires. 1t is
estimated that 1000 tons will be ex-
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-01-05
HIGH GRADE RECORD HELD
BY GOLDFIELD LESSEES
ayesMOnnette send out fifty tons of through WesFago
that will total $7OO,OOO Frances-Mohawk ships
twenty-five tons valued at $250OOO

The greatest shipment of gold recorded
Godfed to the seby the in
credby rich Mohawk Monnette. This is
magnificent record which Goldfed point with pride
and one which sceptics invited to ponder
If 1t is unprecedented achievement for mining
camp it is also any mine, whole of this
bonanza tonnage from the fabuously rich Mohawk
mine. without doubt the wonderful the
ground ever opened outside of fiction For time
past Hayes and Monnette have been accommodating their
richer ore in closely sacks which
away in the vaults of the John Cook bank the
Nixon block
Around SO been assembled, with the ore
going 50 to $50 pound and assaying high
$105000 to the
Tuesday, year. the treasure was given into
the charge of the Express company
through to San Francisco The three
express which attached the
cisco train precautions taken to
the safe transit of the high
it was accompanied through it's destination
by five armed express company
by g. H. Hayes, one of the lessees.
The Hayes and Monnete lease September l.,
1906 and has months any
company.
interested in the rich lease the most succs sss-
fui lessees known to the annals of mining. G. H.
Hayes and M j. Monnette, unremtting
attention to the operations of Harry
and j. w. Smith of Chicago, who with the
live stock commission business During eight
months of productive period Hayes lease
has produced that approxmates sooOooo
The first shipment made April 1Sth rock then
going about $50 to the
The has been points the way from
5ofoot 27o-foot which is the present
depth of the shaft occurring
in width throughout
The will about another week. 1T will be
turned the company" says Monnette good
condition as it has been at time during life"
The Hayes -Monnete has reached the high mark
of mining leases 1t has been worked efficiently
with feversh haste and the results have been magnificent
The shipment forms fitting
live in the memories of those who witnessed it's
tion.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-01-05

100000 which they are about to buy,
will make a total interest of 100000.
Added to this, the treasury stock of
S21 900 shares, which carries no voting
power, it accounts for $4,000 shares
out of total capitalization of 100000.
Who holds the balance of the stock is
not known. 1t is not believed to be
scattered. The officers of the company
are each supposed to hold fair sized
blocks. They are A. A. Busey, vice
president; John S. Cook treasurer, and
Boyd L. Wilson, secretary. Local brok-
ers are of the opinion that buying
order for 10000 shares placed hurriedly
in the Goldfield stock exchange, would
have a tendency to advance the present
price of s2.20 to the $6 mark in one
sessions trading.
There is also a block of 10000 shares
generally understood to be held by New
York parties 1t was their purchase of
this stock through San Francisco
broker on Tuesday, November IL, which
created the furry which drove the stock
up to $6 The majority of their hold
ings were bought around this high
figure and it is considered hardly prob
able that they will let go until the price
again reaches the abnormal figure at
which they bought.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-01-05

field and Toncpah and director of the
Nye and ormsby bank; Frank Golden.
president of the Nye and Ormsby bank;
John O'Keefe. one of the owners of the
Kewanas; w. II. shockley the noted
mining engineer: J. H. Riley. Harry e.
Epstine and Robert Stewart, all prac-
ticaI and experienced mining operators.
That such prominent mining men should
go into a new camp and pay such q
price for property speaks volumes az
to its worth and their faith in tho
camp.
There are already twenty sets OF
lessees at work on the property. eight
of whom are taking out and sacking ore
that runs from 5000 to $500 to the
ton. The company has reserved the
best of the ground for It's own opera
tions and a double compartment shaft
will bo started at once. A complete
plant of machinery has been ordered and
development work will be vigorously
prosecuted. From the amount of ore
that has been opened in the various
leases during their short period Of oper-
alton 1t is predicted that the end of the
year will see the Spider-Wasp one of
the largest and richest mines in the
state OF Nevada.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-01-05
coLDrrxp xADoxxA

Two shifts of miners are sinking a
deep shaft on the Goldfeld Madonna
Mining company's property. east Of the
Blue Bull. Others are busy building the
foundation for new gasoline hoist and
erecting a gallows frame, the timbers
of which are on the ground already
framed.
The shaft is down IS feet. the last 35
feet of which is in a good milling grade
of oxidized ore. The width of the vein
has not yet been ascertained as the foot
wall has not been encountered. The
sinking will be continued to depth of
800 feet
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-01-05
MOHAWK GOLD BAR

Two leases owned by the Mohawk
Gold Bar Leasing and Mining company.
vickers-Robinson corporation. are be-
ing actively worked by contractors who
are not affected by the strike.
One on the southeast corner of the
Spearhead claim, a block $50 by 500
feet, has a double compartment shaft
down 20 feet. Work is being rushed by
two shifts. A 3-foot vein has been fol-
lowed and the values. which were COM
partively nominal near the surface.
have become of a good milling grade.
The contract calls for $50 feet.
The other lease is at the south end
of the Gold Bar claim, and its main
shaft down IS feet. The contractors
has still SIS feet to sink to reach the
$50 level. The company intends taking
hold at that depth and sink 100 feet
deeper before prosecuting to tap the
Degan-Durst c. o. d. vein and the
main Gold Bar ledge.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-01-05
WONDER MINERAL ZONE
COVERS LARGE AREA

Mining men arriving from Wonder all
express. in manner, the same opinion.
They remark that one noticeable feature
is the wide extent of the mineral bear
ing district. They state that 26 shafts,
varying in depth from 10 feet to the
deeper workings OF the proven bonanza,
show 5000 ore.
Inasmuch as some of these shafts
are in some instances several miles
apart. the showing is considered mar
velous and will in time furnish wealth
and occupation for a city of many thou
sand inhabitants. They compare the
general characteristic of the ores with
those of the Midway in Tonopah. 1t
carries in the Nevada Wonder mine
both stephanite and ruby silver. One
remarkable feature is that the gold
values are not in combination with the
baser metals, and can often be dis
cerned bright and free in the oxidized
ore.
The porphyry belt in which the dis
trict is situated extends to Fairview.
Its magnitude has to be seen to be ap-
preciated. New discoveries, it is said,
will continue for long time to come.
Those who have been on the ground
states that there are more representa-
tives of outside capital on the scene
than they have ever before seen in a
new mining district. Both Goldfield and
Tonopah capitalists are exceptionally
well represented, beside many who re-
side in Colorado and Utah.
The list of active shippers are the
Nevada Wonder, Wasp, Jack Pot and
Billy the Kid groups. Among others
who have shipping ore in sight are the
Vulture, Alice. June Wonder, Gold
Kings, Colorado and Queen groups.
The latest strike has been made on
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-01-05
NEW STRIKE ON
ANNIE LAURIE

Yet another strike is to be recorded
on the Annie Laurie claim of the Man.
haitian Mining company at Manhattan
This time six feet of ore has been cut
in the shaft at depth of 120 feet, and
a grab sample assay taken from across
its entire width gave return OF $l2s
to the ton Near the hanging wall three
samples taken from a three to hve men
streak yielded as assay or Sl'szz III
gold per ton.
The shaft on the Annie Laurie claim
is being sunk alongside the ledge from
which crosscuts are run at various
DEPTHS. The result Of these explora-
tions of the ledge proves conclusiveiy
that values notably increase as depth
is attained. At the fifty-foot point the
average values were about $780, whiie
at the 1O0-foot level the average went
better than 500.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-01-05

Will all due caution and with as much secrecy as
rich high grade FrancesMohawk valued $25O000.
yesterday transferred keeping
Of the State Bank and Trust Offices
sampler Of the Nevada Goldhed Reduction
Columbia. From thence is shipped opportune
time under guard to outside smelter
The entire tonnage of this marvellous
sealed with the companys 1t
pound, being approximately $780,
is only small portion of the wealth
among Goldhelds numerous fortunate leasers
The is the accumulation of months saving
of samples left hanging the walls and roofs of the var
drifts
the candle light considered
lessy haphazard in with the
made in freight Many
shipped during the past six months and from all
given by the management of
tons of like character to be mined long after
lease expires at January s.
Some conception be gained d. Mackenzies famous
Frances Mohawk gold producing
that he o. Since then settle
ments for shipped has amounted to s1s4ooo Besides
this there 81 carloads OF that will
ton. between Goldfeld and Mier's station
tons of like the dump. Heaped there
5000 tons of milling and or
of the Curtiss Mohawk another 5000 tons
of milling that has by courtesy
Frances Mohawk underground workings by way of the
Curtss shaft to avoid delay
The ore bodies monstrous The ledge 100 feet
width On an the streak is eight
elings toward the hanging wall The rich streaks
which yesterdays shipment made varies IS
inches in width In mining through the high grade
sorting done by the Shot
fired and the rich gold bearing suphde quartz was
broken 1t rapidly hosted
waiting railroad
The Frances Mohawk Leasing and Mining company has
paid big dividends On October g. it paid per
capital shares amounting $4,000 This
was followed November Is by per dividend,
amounting to $4,000. Then third dividend
amount on January New Year gift the anxious
holders. This makes total of s227.0OO. lease has
broken all Godheld records The total
ment believes when the lease expires will from $780,
900. to s1,750O0o.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-01-05
SPIDER WASP GROUP AT
WONDER BRINGS HIGH PRICE

The most important deal yet made in
Wonder was consumated this week when
the noted spider-wasr group was trans
ferred to syndicate OF Tonopah capi-
talists. The group consists of five
claims, the spider-wasp. Tonopah, Long
Nell and Last Chance comprising the
richest acreage in the camp OF Wonder.
Everey prominent operator In Neva-
da has made overtures to the owners
of the Spider-wasp without success and
1t was only through the payment Of
the highest price ever recorded for
like area that the property was secured,
$250.000 being the recorded price. The
Spider-Wasp Mining company has been
incorporated to take over and develop
the property, with w. J. Douglass, man
aging director OF the Tonopah Midway
as president: c. b. Zabriskie, an asso-
ciate of Borax Smith and vice-president
of the Pacific Construction company,
vice-president, and John ]. Mullin, of
the Tonopah Mining syndicate. secretary
and treasurer. associated with them in
the purchase of the property are Jas
j. McQuillan. director in the West End,
Montana Tonopah and Midway; T. w.
Kendall. a prominent operator of Gold
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-01-05
NEW STAMP MILL AT LIBERTY

Three hundred tons Of mining machin-
cry, including parts of twenty-stamp
mill, electric dynamos. conveyors, a Pei
ton water wheel. and other parapher-
MALTA incidental to the erection Of COM
plete concentrating reduction plant. are
sidetracked at Miller station. 35 miles
north of Goldfeld.
The consignment is billed to the
Cramp Brothers mine in the old Lib
erfy district twenty-five miles north of
Tonopah on the first-used road to Man
haitian. The owners are the well known
ship builders in the east and have for
many months been advancing funds for
the systematic developemnt Of the prop
erty under the management of compe-
tent mining engineer
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-01-05

have a shorter and more direct route
from California to the mines Of Gold
field. This will bring both Los Angeles
and San Francisco many hours closer
than by either the Clark road on the
south. or the Southern Pacific on the
north. There are also in the plans a
proviso for later changing the motive
power to electricity. The road will be
Of the regulation standard broad gauge.
Exactly at what point in the Sierras
the line will cross. has not yet been
given to the public. Local engineers
figure that it will pass south of the
Yosemite National park, and after leav-
ing the summit trend through tho
Round Valley and Bishop Creek coun-
try. That it may have a tendency to
develop several mining districts west of
Goldfield, including the White mountain
section, is obvious.
1t Is probable that telegraph line
will be built along the road, 500 per
mile being provided as required by law.
The articles of incorporation allow the
organization of an express company and
the conducting Of a general express
business
Inat GoiuHelu is W ueriNe many peHe-
fits from the building of the road is
agreed upon among local mining cir
cles. In view of the fact that Salt Lake
capitalists are planning to build across
Nevada to Goldfeld, via Ely, it will
eventually afford direct east and west
connections with the outside world, in
addition to the north and south lines
now in operation All are in accord in
stating that it will forever relieve the
freight congestion and have tendency
to bring both passenger and freight
rates down to normal business like
figures
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-01-05
oorDrrELD Es1EHALDA

Development work on the Goldheld
Esmeralda, Hayes and Monnette pro-
motion, continues on uninterruptediy.
Besides the company's shaft. there are
two leasers sinking. The Winn ]. Nor
gan lease is down 100 feet and has just
passed through the wash. 1t has To-
horse power gasoline hoist installed and
is working two shifts.
The Mrs G. S. Phoenix lease is down
so feet Still in the wash, work is be-
ing hurried to get into solid formation
and run a series of crosscuts.
The companys shaft is being sunk by
contract The first Is feet has been
sunk and carefully timbered. Eighty
five feet has still to be accomplished to
fulfill terms of agreement.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-01-05
ANOTHER RAILROAD TO
PACIFIC COAST PROJECTED

Goldfield bids fair to become a great
railroad center. During the past week
coterie Of Fresno. Cal. capitalists,
have organized and incorporated the
Monterey. Fresno & Eastern railroad
company. It's object Is to make Gold
field the eastern terminus and connect
with Monterey harbor and central CAL
ifornia points.
That the road will be built is evil
denced by the subscription of $154,000
of it's s5,000.0oO capital stock. Also
that the promoters are men of wealth
and merit. They are putting forth every
effort to commence work Immediately
and have placed large order for steel
rails in Pittsburg. Surveyors are out
and perfecting the plans Of the pre-
liminary surveys.
The company is exceptionally strong.
Alfred d. Bowen, president. has built
the California Ocean Shore line. He
states that his new enterprise has as
yet no definite connection with his
former promotion. nor with the Clark
Salt Lake road. He refuses to give any
information regarding Affiliations the
directors may later make with eastern
railroads. In the board are G. w. Pur-
sell and Fl. H. Sanborn of San Fran
cisco: r. M. Fairchild, Winfield Dorm,
w A. Chickering, Allan l.. Chickering
of Oakland, and George H. Whipple and
G. s. Lamson of Alabama.
The stock issue comprises $4,000
shares of 800 each. OF these $4,000 are
common and 10000 preferred. The pre-
ferred stock is worcestershire and cam
not be attached by creditors. After
January 1. 1912, the dividends on the
preferred are to be cumulative.
1t is the intention Of the company to
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-01-05

Copper ore carrying a large percent
age of the red metal, is being found on
many claims in the Luning district.
Several new strikes are reported. among
others one on the property owned by
Hubbard Jourdan, which gives repeated
assays of $50 to $36 to the ton. Another
deposit on the Hill ground runs from
$5I to $112 to the ton, with twenty
ounces silver.
In each instance the values were OBJ
tanned in shallow shafts from well de-
fined, permanent veins. On the prop
erty of the Frontier Exploration COM
pany. there are two big copper ledges
being opened: one twenty feet wide and
the other twelve. The property con-
sists of six claims. Average assays
give 81 copper and total values or
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-01-05
vnHTU1E MINING COMPANY
OPBRATIH0 At YUxH CAH0H

That the Venture Mining company of
London, one Of the largest mining COM
panies in the world, is unostentatiously
operating near Goldfield, was discovered
on New Years day in manner both
strange and wierd.
The discovery was made by some
Goldfield prospectors. Last March they
located three copper claims in a wild
region five miles northwest Of the mouth
OF Tule canon. On New Years day they
made another visit to their property and
found many outbuildings and men en-
gagged ct work thereon.
They made inquiries of the manager
and found the famous mining company
had by some error begun developing
their property. Now a law suit is on
the tapis.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-01-05
aoIDr1rrD yur1rrzi

With a new 5o-horse power electric
hoist and a modern IA by 16 inch lnger-
soil and Sergeant 12-drill air compressor
over it's double compartment shaft, the
Goldfield Jupiter Mining company, on
it's Red Light claim, proposes to explore
the mineral deposits north of the Ken
dali and Sandstorm at depth OF eoo
feet. Above all will tower 4O-foot GAL
lows frame which is now on the road.
The sinking is progressing rapldly
and values are being obtained from the
grass roots down. Stations are to be
cut at every 100 feet.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-01-05
SAN FRANCISCO WILL
REGISTER NEVADA STOCKS

San Francisco is to have transfer
and registry ONCE for Gbldfeld mining
stocks. Ofices have been rented. a
manager has been engaged and the busi-
ness Is to be opened during the begin
ming of the week.
The enterprise il the result of a visit
70 Goldheld by Captain William B.
swears, connected with the shipping de-
partment Of the Pacific Mail. He saw
mere was an opportunity and upon his
'eturn Immediately began preparations.
he has also organized the Goldfeld
-1amond Drilling Mining company with
capital stock of 100000. The COM
eny's assets are Corinth No. and No.
mining claims east Of. Goldneld. near
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-01-05

The claims are a silver and lead
proposition that was extensively worked
on profitable basis thirty years ago
and have since lain comparatively dor
mant owing to the depreciation of silver.
The ground. as well as several adjoining
properties which were also mined at the
time, have been patented. The ore bod
les are reported to be large and per-
manent and under present conditions
will prove, it is thought, veritable
bonanza.
Two Goldfeld men, Messrs. Kain and
Bradshaw, have secured an option on
the Monitor group adjoining, and nego-
tiations are said to be under way with
the United Smelter company for trans
fer of the four claims which comprise
the group This ground is also patented.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-01-05
ACTIVE DEVELOPMENT
AT STONEWALL MOUNTAIN

Since the advent of the railroad tracks
three miles from Stonewall Mountain
mining district. property owners have
begun work with energy and numerous
shafts are being sunk. The haul for
teams is down grade and mine owners
figure that the shipping of ore can be
profitably made.
The Golden Damn Mining company,
comprising 80 claims, Is sinking a
double compartment shaft. 1t is down
20 feet and carefully timbered. Assays
taken promiscuously along a cropping
where the shaft is being sunk, gives
regular values ranging from IS to SIS.
On the Monarch group, down 35 feet,
there is also a remarkably good show