Los Angeles herald., 1907-06-15
MINING MEN
MEET AROUND
BANQUET BOARD
Story Of Success Is
Recounted
Hayes-Monnette Lease and Its Won-
derfu Results Used by Speaker
to Point Moral to Busi-
ness Men

Il. L. PaUrlcK OF OIOlQI1elu, Specialize dt
the banquet of the Los Angeles chamber
of mines last evening, told in brief the
history of the famous Hayes-Monnette
lease, using the story of that marvelously
moral for Los Angeles business men: Inc
theme of his talk was the mutual ad-
vantage to be gained through strengthen
ing trade relations between Los Angeles,
Goldfeld and other Nevada mining CEN
ters, and when he had closed members OF
the chamber, together with their guests,
ness men, cheered him roundly.
The banquet was a marked success. Two
hundred and fifty guests sat down TO the
tables. One of the notables present was
w. j. Arkell for many years puDllsner
of Judge and Leslie's Weekly, and now a
Manhattan mining operator. The cham
Ler of commerce was represented by its
ssiefnei nepai M league D. sResnS afa Toep
General John r. Mathews. president Of
the chamber of mines, presided as toast
master.
Mr.. Patrick opened his talk by con-
graduating Los Angeles upon the. char
acter of the men who composed the re-
cent excursion party from tins CITY ncynts 20
He said that the delegation from tins
city was the most broad-minded, tne
wealthiest anu the most representative
body of citizens that had ever visited
Goldheld, and that the business men OF
that town appreciated the courtesy OF the
visit.
we nave u city ONeI tilSlS,
continued. "a city of 10000 souls, with
out any kind of representative govern
ment We are entirely under control OF
the. commissioners of Esmeraida county, .S
sheriff and few deputies. Perhaps some
of you may have met them when you
were thereof course, only In soclai
way.
Story of Success
''I want to tell you something Of the
experience of two men, Messrs. Hayes
and Monette, whom many of you Know;
Mr.. Hayes came to Goldield and secured
Mohawk property. He started work and
continued it until hts money gave out
Then he succeeded in interesting M. j.
Monnette with him. The two men came
TO my office and drew up an agreement
transferring a half interest in the lease
to Mr. Monnette. Work was continued
until they again ran ont out OF j. funns; 14b tbem nh
and on April II of last year, after they
had spent $4,000, they struck their bo-
nanza. The lease then had only nine nine
took out of that half acre of ground 50,
100000 worth of gold, and Mr.. Hayes tells
me they left another million IN sight.
which they didn't have time to take out.
Of this S., 600 900 2211k per cent was paid to
the Mohawk company in royalties and
81 .250, 900 was charged against expenses.
The rest was profit The expenses were
from Salt Lake; supplies which came
from San Francisco. and wages. Most OF
the articles used by the. miners ano
bought with those wages also came from
san aHeweWer' aTaMsase9f had Holdaela then had d.
rect. communication with Los Angeles, as a,
that million and a quarter OF dollars
would have come here. and would have
come here, if you had gone after the the
TO add to the already heavy burdens Of
San Francisco sbut we feel and have felt
for some time that San Francisco has
robbed US. always and I am safe In say,
ing that If you will give us good goods al
fair prices you can have our trade to our
mutual advantage. Already we are doins
zens have invested saOO.oOO here in resi-,
dence property alone within the past
wear. and they did it without appreciablv
nroba biiity. not one Of then, had $1,000 TO
his name two years ago. We are making
millionaires in Goldfeld. They must have
some place for relaxation and to bring un
tl!eir families. Los Angeles should be that
Mace. 1t is up to you. gentlemen, TO see
that we do not neglect Los Angeles at
fractions"
Reviews Organizations History
Before introducing the first speaker
President Mathews reviewed briefly the
short history Of the st OF fn fhe
present time, when it has a premiership
Of s50 He predicted that the mineral
wealth of Nevada. CaHIOrn1d, ATlZOIla dnC
New Mexico in time will result in the
transfer of the money center of the coun-
try from New York to the west. To ac-
complish this he thought, but one thing
is needed-capital
'That is our object" he said. 'the OBJ
ject of this organization. To facilitate the
work of interesting capital in Legitimate
mining enterprises. We propose. to list
properties to preserve a record of the I'll.
Ties. locations. extent. eauipmeni an6
physical condition, but we do not propose
to go into the mineral, value of properties
This information will be available as q
guide for prospective investors, and 1t will
he our care to see that = is accurate
ultimately we plan to open club rooms
where mining men and mine owners from
Nevada Arizona, New Mexico and else
where can meet when they come here and
where they can be brought into touch with
men seeking investment in mining prop
W. ID. Stephens explained that he was
present as president of the chamber OF
commerce. and said that the older cham.
her was glad to welcome the newer among
the civic organizations. He told of the
efforts the chamber of commerce has
made recently to strengthen the business
relations between Los Angeles and the
mining country, and cited the recent
chamber of commerce excursion as an in
stance in point.
1--WE in Los Angeles" he said, "are. still
congratulating ourselves that we have
iust decided to bring here the Owens