Los Angeles herald., 1907-12-16
Trust CapituIates

Refining company.
Trust Capitulates
A telegram from James f. Keelyn
to Major w. A. Stanton, dated Chicago,
says:
Letter to me from treasury depart
ment today says our efforts have been
rewarded and that the American
Smelling and Refining company had re-
yoked the Objectionable orders referred
to and had instructed their agents to
pay all cash for low grade ores and
partial cash for the high grade ores.
/ shall press this matter for immediate
cash payments on ores-high or low
grade"
The work of making a cleanup of
the ores mined and on the surface on
the Mohawk Combination Leasing COM
pany's ground is to be diligently pros
ecuted. Owing to the slowness of Sc
curing settlement it will not be known
for several months just what the prof
its of the company will be-
The Consolidated company is to have
a new working shaft on the Clermont,
nearly a thousand feet east of the
main working shaft on the Mohawk.
The vein and ore shoot is pitching to
the east at an angle of about forty-f1v
degrees on the wide dixie. There is
will timbered three compartment shaft
that Is down 400 feet already. which
Will require DuI Illblc WOA n ~ PbS -
in working shape Work on the Mo-
hawk will be continued also.
In accordance with it's usual custom,
the Frances Mohawk company has de-
clared the regular quartely dividend of
that company. the fourth of the year.
The checks will be mailed to the share
holders of the company on the first day
of January, 1908, the sum being cents
on every share of outstanding stock.
Coming at this particular time the
dividend will be very gratifying to the
stockholders of the company. and will
cement in stronger manner the feeling
OF security which has ever rested with
ID. Mackenzie & Co., the controlling
factor in the Frances Mohawk manage
ment.
Recent strikes out in the Kemana
section of the district have encouraged
the leasers there to crowd their devel-
opment work with no loss of time, for
it has been proven that with depth the
vein system in those parts is as rich
as in any other portion of the Goldfield
district Some months ago the Ke-
wanas company encountered very rich
body of ore and the recent strike of
the Macmillan-H -Holleran company on its
lease on the Red Top has had the ef-
feet of proving UP the district in be-
tween.
Looks Promising
Among the most active of the Ke-
wanas leases may be classed that one
known as the Five Friends, which has
very promising block of ground not
far removed from the company's main
shaft. At the 350-foot level which was
recently attained, heavy flow of water
was encountered anC at the same time
very promising ledge was uncovered.
The water flow is at the rate of 100
gallons per minute, and for the time
being retarded further prospect work
it consuming all the forces of the pres
ent equipment to keep the shaft clear.
A new Cameron pump and compress
sor plant. both of the latest pattern.
were ordered and are now being placed
in position. AS soon as these are in
operation another 100 feet will be sunk
at which point the 45O. the manage
ment expects to drift on the ledge and
reach the real values.
Captain Nels Peterson (the Lucky
Swede'') and lucky Johnnie" Jones
are the principal owners in the lease
The gentlemen were formerly partners
in the mining business in Alaska, and
were eminently successful. Both pre-
dict a repetition of their success on
the present lease.
BY an agreement to pay it's men in
gold coin, the management of the Elks
Consolidated lease on the Yellow Tiger
has avoided to date any trouble or any
necessity for a close-down. 1t has
been the policy of the company since
it's inception to crowd matters, and a
little thing like money would not be
allowed to interfere with the develop
ent work
The company started on its lease lasI