Washington State journal and Adams County news. [volume] (Ritzville, Wash.) 1906-1907, 1907-02-13
THE T0N0PAH Mines
SHORT ACCOUNT OF DISCOV-
cry OF GREAT REGION.
MAN WHO MADE FIND TOO POOR
TO HAVE ORE AssAYED.
NOW 100000, 600 Is IN SIGHT
Locator Had Much Difficulty In In.
teresting Anyone in Great
Property.

Property.
An account of the discovery Of
great mine is always interesting read
ing. These finds are usually made by
poor men and in many instances by
mere accident. There is generally
story of vicissitude and suffering, a
struggle with poverty and other draw.
backs connected with the discovery
and subsequent development Of rich
mine, no matter the variety of the
metal that it contains.
Following is a brief history Of the
Mispah mine at Tonopah, Nevada. This
property was discovered in May 1900,
by James L. Butler, then resident of
Belmont, New, he having previously
seen the outcroppings of the vein in
1870.
Butler took samples Of the ore Is
miles south to Klondyke, which was
then producing high grade silver ore.
The assayer there thought the dock of
little or no value, and as Butler was
without money did not bother to assay
it. On his return trip Butler took
several samples back to Belmont and
showed them to T. L. Oddie, who sent
them to Austin to be assayed, the re-
turns from one Of the samples being
$40 in silver and $206 in gold to the
ton.
Locate Eight Claims in September.
In September, 1900, Butler, accom-.
panied by Mrs. Butler, returned to the
property and together they located the
eight claims now owned by the Tono-
pah Mining company Of Nevada. Mrs.
Butler named one claim the Mizpah
and also named the camp Tonopah,
from a small spring four miles north
which had been given that name by
the Indians, the word meaning water
brush"
In October, 1900, Butler returned to
the property with w. Brougher and
T. L. Oddie, to whom he had given
an interest, and commenced work on
the property, their sole possessions be-
ing a small tent, a meager camp out
fit wagon, two horses and $25 In
cash. These three men took out a
ton Of ore which was hauled 120 miles
to Austin and shipped to San Fran
cisco, realizing little over $500. This
return and a series of high assays &C.
cured from other parts Of the surface.
induced a big rush to the camp and
many leases were granted by Butler
to the end Of the year 1901.
Total Production Is $4,5o0,oo0.
The total production of this period
was $4,500.000. 1t was in June, 1901,
after several other capitalists had at
tempted to buy the property and ex-
perts for others had condemned 1t,
| that Oscar A. Turner of Philadelphia
took an option on the mine for $780,
900, drawing at sight on his friend,
John W. Woodside Of that city, for the
payment Of $4,000, which was prompt
ly paid. The property was bought
| subject to the leases, and the royalty
from shipments made by the leasers
we're more than sufficient to provide
the balance of the purchase money be-
fore 1t became due.
On January /, 1902, the original
eight claims located by Mr.. and Mrs.
Butler passed into the hands of the
Tonopah Mining company Of Nevada, a
corporation having a total capitaliza-
ton Of $1,360,00O. comprising 1,O00,-
1000 ordinary shares Of 81 each and
100000 preferred shares bearing in
terest at per cent per annum. Sub
scribers to this latter stock at par
were given two shares of ordinary
stock for each share of preferred
stock, making three shares for 81.
Property a Steady Producer.
The property continued to be
steady producer of large quantities
Of high grade ore, the proceeds from
which were devoted to the develop
ment and equipment Of the mine.
In January, 1905. the preferred stock
was paid off and in April Of that year
the first dividend of rs cent share
was paid and regular quarterly divi-
dends of that amount were continued
until October, 1906, when it was In"
creased to 35 cents-the total amount
of dividends paid being $2,450,0O0.
1t is estimated that the underground
workings of this great mine, only
opened up to a depth of 700 feet,
amount to over 10 miles, while the
value of the ore blocked out is COM
puted at over $1OO,OOO,000.
The company is now operating a
100 stamp mill and owns many other