Los Angeles herald., 1907-02-17
GOLDFIELD CROWD
BUYS CRACKERJACK
DEAL OF IMPORTANCE IN
MINING CIRCLES
Purchase Means Great Activity and
Early Development in New Gold
and Copper section-lnter-
ests In Los Angeles

The week just ended saw the con-
summation of a transaction of great
significance to the Southern California
mining world--a transaction indeed of
potent possibilities, for 1t involves the
enlistment of the confidence and capital
of some Of the largest Goldheld opera
tors in the new but already widely
known Crackerjack district, San Ber-
nardino county, a district distinctly
tributary to Los Angeles. For some
time negotiations have ben under way
for the acquisition by a Goldfeld syndi-
cate of a large interest in the Cracker
jack Gold Mining company, the chief
operator in the distict named after 1t.
and the one whose work has given that
territory the wide fame it enjoys.
Bought by Syndicate
Last month Frank oliver, one of the
most prominent of Nevada mining eX-
perts, and under whose management
the Florence and Frances Mohawk
mines, two of Goldfeld's wonderful
payers, were brought into fame, visited
Crackerjack on behalf of the Goldtield
magnates and made a close inspection
of the Crackerjack gold properties and
the region generally. Mr.. oliver, like
district, was greatly impressed with
what he saw, and presumably made a
highly complimentary report to his
principals, for the latter, through S. e.
Nermilyea, promptly closed the nego-
tiations and acquired the coveted in
terest Mr.. Vermilyea, who is a resi-
dent of Los Angeles, is widely known
lawyer and mining capitalist who has
operated very extensively on his own
q mt NJ Wit Of IN "a
and California mining enterprises. In
consequence of this deal he becomes a
director and vice president of the
Crackerjack Gold Mining company,
and thus a factor, and a potential one,
in developing the resources of the
Crackerjack district.
Action of GoIdfieId Crowd
Speaking of the transaction. Mr.. Yer
milyea said; Yes, the people 1 repre-
sent and with whom l am in this mat
ter a partner as well, decided, after a
proper and thorough investigation, to
go into the Crackerjack district through
the medium of a purchase of a large
block of the treasury stock of the
CrackerjaCk Gold company. 1 do not
care to state the amount of the invest
ment any more than to say that it is
quite substantial, so much so that the
velopment work on a very extensive
scale indeed. Of course, we are salts
fed as to the value of the property
and the worth of the district or we
would not make the investment. In
addition to the general knowledge we
! had of the district we acted on the
most expert advice and we are salts.
| fed that the result will be highly prof
! table to all concerned. The Cracker.
| jack Gold company, we are convinced
has a splendid property, as develop
ment will show. Anyhow, we thought
it was good enough for a Goldfielc
crowd to get into. This is all 1 care tc
say at present"
Six Claims in Group
Good enough for a Goldfeld crowt
| to get into" Well. it must be pretty
/ good then, for the "Goldfield crowd
! is used to things in mining that are
/ superlatively good.
The Crackerjack Gold Mining com
pany owns six claims in the heart o
the Crackerjack district upon whicl
shaft and tunnel work of an effectiv
| character has been done The claim
carry splendid surface indications, es
pecially of extraordinary copper de
posits, and the work thus far done ha
verified the surface testimony. Col
ore assaying nearly 500 per ton is be
!, ing taken out in large quantity fror
the shaft in the course of sinking tn
same, while ore carrying 2S per cen
in copper has been encountered in ope
cuts. Very rich lead ore also char
acterizes the claims. The company ha
been pushing it's work for some tim
with three shifts of miners 1t is we
equipped, has at it's head and in per
sonal charg of the work a mining engi
neer of extended practical experience
Willis a. Gates, and with the large
new capital is in condition general
) for the most effective exploitation c
it's holdings.
: 1t is understood that a still furthe
investment in the district is contem
( plated by the syndicate which bough
into the Crackerjack Gold. The pros
pective deal involves the purchase {
a large interest in group of very valu
able copper claims not far from tn
Crackerjack Gold claims.
' The testimony of those familiar wit
the Crackerjack district is unanimousl
, to the fleet that it is q magnificent
= mineraliZed area, one that will in tim
, challenge comparison with anythin
that Nevada has shown. 1t goes with
, out saying that the "Goldfield crowd
. will cut a wide swath in it, for the
know how to handle a good thing
= when they get 1t, and the way they ar
t going into 1t they must consider Crack
. eridCk lust right