Los Angeles herald., 1907-02-25
GOLDEN CAMPS
IN MOUNTAINS
MINING INTERESTS ACTIVE AT
eoLDFlELD
state Taxes Paid by Mohawk Mine
Owners - Sensational Strikes.
Lucky John Jones, Negro
Janltor
sneciai TO The Herald.

(fOIDFIEDD, NeNp req, E4.--One
hundred thousand dollars paid I'm
taxes by the great Mohawk mine for the
nine months ending December 81, 1906.
Startling, indeed, are the figures; for
the quarter ending August 30, $20,000
for the quarter ending December 81,
s6O,076. This does not include fifty-two
cars OF exceptionally high-grade mate
rial for which no return has yet been
made, and neither does 1t include an
enormous amount of low-grade milling
material taken out during the same
time which has not been worked.
The actual net amount on which this
tax was paid was $2,1S4,5Sl, and of
course does not show the cost of extrac-
tion, transportation and ore treatment,
for under the law II Is the net output
on which the tax is paid.
This is certainly a phenomenal tax for
one concern to pay to state; nearly
S11 900 a month, and still returns COM
ing. And this Is official, for 1t is taken
from the books of James II. Nevin,
bullion tax collector of Nevada.
Without doubt this Is the largest tax
ever paid to a state on net bullion
output on single mine. but there are
many others in the state of Nevada
which will be heard from.
The Madonna company Is developing
quartz in its shaft at n depth of 100
feet that Is said to be Identical In ap-
pearance with that reported found in
the Frances Mohawk, adjoining 1t on
the west. The ledge Is docite, an al
tered andesite. In the downtown sec
ton the zone covers 200 to 300 feet in
width.
On the Mohawk and Combination
Fraction It dips to the northeast, under
the Red Top, Jumbo, Laguna, st. Ives,
Jumbo Extension, with cross lodges.
On Combination and Florence 1t shows
hn xxytdt fn 40 h.
west under Goldfield Mining, and
comes up in Combination Extension,
with cross lodges coming up from the
Florence through the Hustler: devel-
oped on the May Pearls holding on
Combination No. 3 and extending
through the Combination Extension.
The general trend is easterly.
Janitor in Luck
John JONES' colored, is janitor of the
Montezuma club, and a good one. John
is worth more than 100000. He could
turn that sum into bank cash almost
any day. He owns large blocks of the
best stocks on the boarc, He has been
buying stocks with every dollar he could
save above his very modest living ex-
penses since he came to Goldfield some
three years ago, and especially since he
secured his present job. John appears
at the club rooms every morning at Z
o'clock sharp and sweeps and dusts with
conscientious labor and energy, just as
though his next meal depended upon his
holding that job.
John buys and sells with an estimate
of the market that surprises the wise
ones. He made one mistake in selling.
but the mistake is one that was onNthe
side of discretion and indicates quail
ity OF mind that has resulted in
that 100000 through something more
than mere luck or good guessing. John
bought Mohawk at 10 cents and sold it
when it reached 40 He has spent no
time in bemoaning that mistake-for he
stayed out of Mohaws-but bought in
others and always those that a little
later demonstrated the quality of his
judgment. He is married and his wife
lives in little establishment in the
southern section of town. His wife is
his assistant in the janitor industry,
joins with him in his speculations and
enjoys the success that has been theirs
with the same modest interest-always
studying the market and dipping in
here and there as 1t seems good to
them. They are interested not only in
stocks, but in many mining ventures,
every one of which bears a good repu-
tation.
Johns old father and mother live
away back east in small settlement
near Chicago. They are thrifty folk,
81 lIldI JOuHH COIIleS DX
these qualities that have placed him
among the well-to-do of the world,
despite his humble beginning. The old
folks had heard that John was doing
well out here-he made no secret of it
any more than he made a boast They
asked him how he managed it-what he
was doing. He was buying stock. Well
said the next letter-wouldn't he let
the old folks know about it, they might
take a flyer themselves-just name the
stocks. For 1t seems that old Mr. and
Mrs. Jones had little bank account
of their own.
"I wrote them a list of the stocks
that were being talked of at that time"
says John. "about two years ago. On
the list was, of course, Mohawk, and at
the bottom of the letter / added line I
prefer Mohawk Well, those cid people
went and bought several thousand
shares of Mohawk at 10 cents. They
simply put them In a trunk and said
nothing more about the matter. They
have got those shares yet. 1t makes
'em worth about $150000"
Ramsey Comstock Mine
'"rhe Ramsey Comstocb vein is break
ing $500 to the ton across six feet"
said N M. McGlynn. He is just in
from the camp and is very enthusiastic
despite the fact that he has no invest
ments there. on the sixty-foot level
or the mine there are streaks of high
grade ore running $500 to the ton. Sack
ing for shipment is now in progress"
Mr. McGlynn says that there Is great
activity In the camp and that many
properties are changing hands. The
town Is building up rapidly. Several
leasers and mining companies are sack
Ing ore and shipments will begin i'm
mediately.
Made a Strike
dad" Olson has struck it rich on the
property of the Chawalla company, five
miles east OF Goldfeld, adjoining the
Rochester. At depth of fifty-three feet
he broke into a body of tellurium that
that gave returns of $195.14 to the ton
Inc ledge covers the entire bottom of
the shaft, but how far 1t extends on
elther side dad" has no idea, as he has
mas peen working ever since the first
location was made In 1904 but the shaft