The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-08-03

New York City. July 2s.-Mniions upon millions of dol
lars of eastern capital is seeking legitimate investment in
approved Nevada securities.
Several weeks of a very careful study Of conditions in
the East convinces ms that within a few months confidence
In Nevada mines has been greatly stimulated. and the east
ern people look very kindly on our state. This is especially
so with large operators who desire propositions Of merit
which can be conducted on the most extensive and asgres-
sive lines and several hundred thousand dollars can be much
more easily secured than smaller sums. Within the past
week a number of large deals have been consumated and the
money is now in bank to further these enterprises which are
Of great moment to out mining industry generally and es-
pecially of interest to Greenwater district
Although the stock market has affected cheaper prop
critics. the confidence in the output in Nevada is generally
directed toward the phenomenal results attained in the Mo-
hawk. Florence and other Goldfeld properties, as well as
the Goldheld Consolidated, outside districts are also receiv-
ing merited attention The fact that in the latter property
there is a sufficiently substantial treasury to promote work
on the extensive lines contemplated. has done much to re-
store public confidence in Nevada mines. This property had
s2.o0o.0oo in cash in the treasury on the first day of July
900 added to this fund. and the total capitalization of that
corporation being s5o,ooo.ooo would indicate an interest on
the whole of about ss,ooo.00o annually. or about II per cent
dividend on the par value of the stock which is entirely
sufficient to satisfy even the most skeptical. that legitimate
mining investments guarantee large returns.
orzEa CAMPS rxAx aoLDxrELD
Tonopah is not in the lime light. in the ordinary accep-
tation of that term. yet is certainly a great camp and a con-
slant output and large returns from that camp has convinced
the public that it is a mining region of exceptional merit
The remarkable strike at a depth of less than $50 feet
below the grass roots, made in the Mazuma Hills and Fair
view mines in Seven Troughs district has attracted a great
deal of attention here and this interest has been considerably
accumulated by the display of very rich samples of ore. carry
me iItC 6Oiu iVn thde NoV ~ y - ehVNA ~ 800
Lake City and a large share holder in the Seven Troughs-
Tomboy Mining company. is in New York and will go to
Nevada within a few days with a party of Ohio capitalists
to look over the Tomboy property.
Col. w. L. Stevenson Of White Horse district reached
New York in his private car "Sunland" a week ago and with
in a day or two had secured $500 which is now in bank
for the purpose of adding $50 additional stamps to his So
stamp mill. The fact that there is now disclosed In this
property a strong vein 3s feet wide at a depth of 9S5 feet
below the apex of the mineral zone and carrying 500 per
ton in gold was quite sufficient to interest Boston and New
York bankers and prominent business men of Washington.
ID. c, in this very important enterprise. There is some talk
at this end of a merger of the great properties of White
Horse district and there Is every indication that the deal
will be closed within the next month or two. when the Ne
yada Consolidated will have an estate of several thousand
acres of a wonderfully rich mineral bearing area 1t Is con-
servatively estimated that there is now actually in sight in
this property, between 81 100000 and $4,000. goo and this
result has been attained by the expenditure Of
something less than 100000.
FIVE MILLIONS 1ETUsED
The report is current in this city that $4,000 900 was
recently refused for 81 per cent Of the capital stock OF the
rich Nevada Hills mine in Fairview district; a property
which was located less than two years since. The fact that
this property has been a continuous producer Of very high