Los Angeles herald., 1907-02-11
.CYCLON|C BOOM
/. |NJOHNN|E CLAIMS
NEW MINING DISTRICT At
TRACTS BIG INTERESTS
Los Angeles, San Francisco, GoIdfleId
and New York Capitalists Form
Purchasing syndieates.
Results Assured

eThe Johnnie mining district Nevada,
is receiving the recognition, in a very
substantial way, of some of the real
magnates in mining, much to the Ella
tion of those who have had persis-
tent faith in the district being one
Of the richest mineral areas in the
entire southwest
A syndicate composed practically of
Senator Nixon and George Wingfield
of Goldneld and D. G. Doubleday of
control of the Globe-Johnnie company
for $S0,000, which is at the rate of
over $160,000 for the property repre-
sented by the company's capitaliza-
ton. 1t is understood that develop
ment on large scale will follow.
Action Is Significant
The entrance of Messrs. Nixon,
Wingfield and Doubleday Ito the
Johnnie district is regarded as of in
estimable significance. Nixon and
Wingfield are Goldfield's largest oper-
ators and are quoted as being worth
together over $2O,OOO,OOO They organ
lied the big merger that took in half
a dozen OF Goldfeld's principal prop
critics, including the wonderful Mo-
hawk mine, which has produced nearly
$5,000,000 in less than eight months.
They are also heavily interested in
other large mining propositions, and
1t Is certain that they would not go
into tha Johnnie DISTRICT rvitI, cub
stantial investment unless they were
impressed with the richness of the
region.
The Guggenheims, Too
Another deal of equal significance is
the sale just made of the Nevada
Johnnie property to the Guggenheims,
who, as everybody familiar with the
mining industry knows, rank among
the worlds foremost mining operators,
and who do not even consider dis
tricts which promise less than extra
ordinary results. In addition to this
purchase the Guggenheims have taken
options on several other properties in
the district.
the Pittsburg Johnnie holdings to San
Francisco parties and the Sandstorm
claims to st. louis syndicate.
A syndicate Of Colorado and Cali
fornia minin.; capitalists is contem-
plating the purchase Of the White Cap,
Lorna Doonc and Bonnie Belle groups,
with the intent, if the purchases are
made, of merging them into a corpor-
alton capitalized at $2,000,000.
But what will prove, If consummat-
ed, most momentous transaction
both in the properties involved and
the caliber of the buyers, is pending
with every prospect of successful issue
The prospective buyers are men who
have been identified with the big prop
critics Of Tonopah, Goldfield and Green
water and their investment on the
scale proposed in Johnnie will create
a furore amounting to cyclonic boom.
Mohawk-Johnnie Company
The Mohawk-Johnnie company, a
corporation controlled by Chicago, New
York and Los Angeles capital, has Just
purchased the Golden Crown group of
two claims Immediately adjoining the
Johnnie Consolidated mine. These
claims show ledge twelve feet wide
and rich in gold values, and surface
ore on them yields excellent milling
values. From their juxtaposition to
the Johnnie Consolidated and their
strong surface indications the claims
are expected to reward development
very handsomely; to be, in fact, big
payers. A shaft has already been
started on them.
On the Mohawk-Johnnie's group of
six claims to the south of the Johnnie
Consolidated the shaft is down over
100 feet, with splendid showings The
shaft will be pushed to a much greater
depth. and then cross cutting COM
menced to open up the ere bodies that
developments on other properties in
the district show are obtainable as far
down as 700 feet. "he management
of the company Is satisfied that the
two groups of claims will prove to be
among the richest properties in the
district, a district that many believe
will yet rival Tonopah and Goldfeld.