The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-06-22

- ence. often 10 elicit tnc oesIiou
upon this department are very ID
= heavy, subscribers will please ex-
= ercise patience. and allow TOT Two u
= or three weeks time Tor ans"ers
= No swe by mall
weekly Reader, san francisco.-Gov-
ernor Sparks and Judge Sweeney may
not have been directly responsible TOT
the failure of the Kawich Mining COM
pany. We don't know the circum-
stances, but presume their names were
used to head the company and they mad
nothing to do with the direct manage
ment. On the other hand they might
nave given the property their constant
attention and failed because there was
no ore discovered, and the drop in stock.
in consequence from is cents to / cent,
as you say. But we surmise that they
allowed the use of their names as
prominent state officials as a bait to
sell stock, and paid no attention to the
management OF the property or the
methods of promotion. and In this case
they cannot escape criticism and CEN
sure.
We believe 1t Is very reprehensible
for any man to sell the use of his name
to a mining company. for a few shares
of stock, unless he expects to give the
management of the company some atten-
ton. That has been done too commonly
In this state and we believe we see a
beginning to the end of this pernicious
practice.
a.. q. T., Clsvsland.-The Seyler-
Humphrey property is being worked by
leasers, but not by the company itself.
The has no funds to speak of
and the treasury stock is exhausted.
There are several leasers on the ground
getting SOM ore. and the company has
a splendid plant of machinery. The
ground is excellent and has produced
some of the richest ore. in SINAI guam
titles, tina ever came out of Manhattan.
The ompan must raise funds in some
way before 1t can operate on its W
account, and we understand there is a
scheme for reorganization On foot. 1t
is too true, as you say. that many of
the promoters forget all about their
shareholders as soon as they get their
money. and fail to keep them advised as
to their operations. and in fact refuse
to answer correspondence. often. This
puts the firms. and in fact the entire
promotion business, under suspicion. or
course, the promotion houses are de-
luged with correspondence from anxious
stockholders, and in many cases 1t would
require the maintenance of a large
and expensive corps of stenographers,
which they cannot afford. But there
is no excuse for a promotion house not
issuing a regular report at least monthly
on their various properties. In this way
they would not nav to keep up a large
correspondence bureau.
II. L. L., Green nay, wis.-Some few
weeks ago the Gold1eld News had an
extended account OF the operations of
the Nevada Queen Mines company, CIV
ing full list of officers, etc. The COM
pany owns the Queen group of 60
acres, sections s and Q and Congo group
of 90 acres, section 8, Goldfeld dis
trict. These groups show large and
we'll defined veins. development is pro-
crossing with good results; a force of
men now driving Congo tunnel which
will cut 80 veins (estimated) In its
course of $500 feet on the company's
ground. at over 600 feet below the sur
face. this is considered by many engi-
neers as the most important develop
ment being done in the district, and big
results are hoped for. The treasury is
sac. 900. and no debts.
A. \. H., sacrsmsnto.-The Red Top
Fraction shaft is now down ITS feet
and will be sent to 200 feet as rapidly
as possible. They nave just got into
the ledge which is widening as they
go down.. Three samples taken from
the shaft a few days ago. assayed
$254.4O and $422.40 respectfully.
The ledge widens as it goes down. The
will be sunk to 200 feet before
any prosecuting Is done. The manage
ment Is highly pleased with the show
ing thus far and hopes to get the big
Red Top vein with depth. The COM
pany owns twenty-four and a half acres,
located, the Red Top vein
running directly across the property
from northeast to the southwest, accord
ing to surface Indications.
q. I. H., Albuquerque, y. N.-The
Yellow Rose of which we spoke In these
columns June Sth, Is the Yellow Rose
listed on the GoldfeId Mining Stock
Exchange. The principal offices are
Colorado Springs. Colo. Address yell
low Rose @. NJ. company, that place.
Edsall. Montezuma club. Gold
field, is the managing director.
r. A. g., W. .. D., Warrington. Fort
ress Observation-Disclosures rent for $40
per hour or 500 per day in touring.
Chaffeurs are paid 81 per hour, or from
800 to 5000 per month.
y. q. H, Dayton, o.-The Goldfeld
Double Eagle ground lies IN the east
of the Dixie. On this latter ground a
large amount of work was done but no
shipping ore developed. No work to
amount to anything has been done on
the Goldheld Double Eagle, or on the
Big Elk Goldfeld. of which you also
speak. W. L. Wilson. nov in Gold
field. promoted these properties. and a
letter to him might elicit more Informal
ton than we can give in this depart
ment.
L. @. b, oregon City.-Can give you
nothing satisfactory on the Butte Boys
They own 5 claims 5 miles
of Goldfeld. on which no
work has been one to speak of. It's a
outfit and we understand they
are in cour in some way or other, over
the ground. The trial was in Portland.
You may be able to find out something
about 1T there.
W. H., Brooklyn.-No work is being
done IN the Goldfe1d Dominion or the
Manhattan Buffalo but it is understood