Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1907-09-21
GREAT IS round
mountain DAISY
CY JOHNSON SAYS HE HAS THE
BIGGEST LEASING PROPO-
sITION IN COUNTRY.


-
Cy Il. Johnson, who was the fourth
man to get into Round Mountain,
and who was one Of the first, and is
still one Of the principal stockholders
IN the Round Mountain Daisy, re-
turned here yesterday from the East.
Mr.. johnson is a mining man and a
man of action. lie is n man, too,
who has a sublime confidence in the
future OF the Round Mountain Daisy.
He has two leases on the Daisy, of
which he is general manager. One
Of these he has been working right
along, and the other he went East
to finance. People may prate of dull
times; they we're Just as dull two
months ago. when Mr.. Johnson went
East, but he got the money on which
to go ahead On his second lease. The.
first lease is operated by the Crescent
Leasing Company, of which Sam u.
Murray, president OF the First Ma
tional Bank of New Orleans, and of
the American Fruit Company, is the
president.
The second lease is that which was
operated by Slim Morgan, and from
which $25, 900 or $4,000 has been
already taken. On this, while in the
East, johnson formed the Solid Gold
Mining and Leasing Company, COM
posed of well known financial men
of Hartford, Conn. f. J. Webb, a
retired banker of that place, is presi-
dent; Johnson Is vice president and
general manager; J. e. Inman, secre-
tary and treasurer, and e. j. Woody,
president of the Hartford Mining Elk
change.
II went right to these gentlemen
said Mr.. johnson, last night, "and
laid my proposition before them. 1
told them what ! had, gave them my
references, showed them the ore
which had come from the lease and
told them what | wanted. They were
satisfied, and undertook among them
selves the formation of the company,
made me the general manager, with
the condition that | remain in the
position during the life Of the lease.
The latter has eighteen months to
run.
There is in the bank the sum of
$4,000 to develop the lease, and the
same gentlemen have put up another
sum, which may be used for any
other lease We may want. The Slim
Morgan lease is down 105 feet and
from IS feet down the ore runs from
$25 to 500. 1t was from this lease
that all the fancy, erystallized and
solid gold specimens were taken that
sold the Daisy to the present ne
We will make a crosscut at the So
foot level, and run to the Madigan
lease line, and will then crosscut back
toward the Daisy company's shaft.
We anticipate getting out more OF
that fancy stuff in going toward the
Madigan line. We will put up a
hoist and put ten men to work right
away.
ION the Crescent lease we have
sunk 125 feet and are in $25 ore;
we expect to cut the Fairview ledge
at the $50 level, or at any rate not
deeper than the IT'S. Personally,
think that we will get sulphides at
the $50 level, and If we do we have
the biggest leasing proposition in the
country.
1.-THE Round Mountain Daisy Com
pany has ordered a mill, which will
be put up as speedily as possible.
This will make the low grade ore in
the mine very valuable, and we can
haul it out as If we were quarrying
it. have been Interested in the
Daisy ever since | went to Round
Mountain, and have busted myself
in getting in on it at all possible
points and in all possible ways.
think that Round Mountain is one of
the greatest camps in the world, and
Daisy is the greatest mine in Round
Mountain
Mr.. Johnson leaves for Round
Mountain this morning.