The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-01-21
FRANCES MOHAWK LEASE.
How 100000 Was Dug from the
Ground i'm Six Months.

In the office OF the ID. Mackenzie com
pany at GOldfield is a photograph OF a
settlement sheet from the Goldfield Ne
vada Reduction company. and a bank
! check from the same company, signed by
| Walton +. Dowden. vice president. in set
] Element for 1880 pounds Of the picture
/ ore taken from the Frances Mohawk
/ lease on the Mohawk No. >. The check
/ Is for S7,29i.5& an average of $4,92S.6z per
ton.
Yesterday another check was received
by the leasing company for SlO5,3lS.94, and
there are more coming from ore IN tran
| Up 10 date the Frances-Mohawk Leas-
! ing q Mining company has received set
Element for gross production amounting
| 60 81. 7S9. $50. b. and there is enough ore on
the dumps and in transit TO bring the fig
first named the leasing company has
placed To it's credit 81. 1905 45.9S, and paid
in royalties SOS. 690.32.
With the exception Of the Hayes-M Mon
nette lease. which was a larger block Of
ground and on which two hOists were
employed. there is no record of a lease
equal that Of the Frances Mohawk, and
Billy Mackay. the superintendent TO
whose efforts the phenomenal success is
largely due. and his foreman. Tim Con-
molly, can well afford a sigh of cOmplac-
ence now that the strenuous days are
over. Certainly two men never worked
harder. nor with better success, in like
endeavor.
Work Started Last June.
The first hole was drilled in the
Frances-M Mohawk shaft on the 10th day of
June and the first ore was struck lust
five weeks thereafter. and on the 2st
a small shipment was made. 1t was
enough, however, to meet the payroll,
and within month the first tense of
high grade was opened From this treas
ure vault three carloads were taken that
brought the company $72.56S. and cleo
trified the camp and the mining world
The tonnage taken out has been dur
ing the past four months an average of
100000 per month. and some of the rich
est gold quartz ever seen anywhere came
from this lease. For some time the reg
ular tonnage sent from the mine has been
close to $500 a ton
The company paid its initial dividend on
the 1st of October 3 cents per share:
amounting to $4,000. Nov. 10 IL was fol-
lowed by one of 10 cents. or $4,000. and
another Jan 4 for like amount. a total
OF $227.OOO At the time the last dividend
was posted the announcement was made
that 40 per cent year, in quarterly divi-
bends. would be paid. The cOmpany's
bank balance shows something over ST..
100000, so that there would be no question
Of making good, even were there no other
assets.
Company Will Continue.
But the Frances Mohawk is not a name
that is to be forgotten because of mac
tivity. The company owns, in its own
right. four claims. lying south of the Com
II.
a nty-fiVe-hOrsepOwer engine has been
installed and which is being vigorously
developed. There is a good surface show
ing here and General Superintendent Oil
yer is confident that development will
make a mine.
The company has also purchased the
Van Dyck lease on the POlevarde claim
of the Jumbo Extension. consisting of two
blocks of ground on a direct line with the
ore channel which was opened on the La
guna by the diamond drill at a depth of
400 feet. For this lease . powerful cleo
trio hoist has been purchased, and the
equipment from the Mohawk lease has
been removed there. The shaft is now
down $50 feet. and sinking is beirrg accom-
plished at the rate of six feet a day. Billy
Mackay is himself looking after the work
here and expects to give the Frances
Mohawk Leasing & Mining company an
other great producer. 1t seems certain
that the ore is there. and 1t follows that
Mr. Mackay will find IL. and when he does
find it. that he will lose no time in get
ting il TO market
These are the facts about the Frances
Mohawk lease. for which the Chronicle is
largely indebted to Miss Stella Goodber-
let the office manager for the company,
who has followed with enthusiasm every
development Of this wonderfully rich
block of ground.