Los Angeles herald., 1907-03-17
though his next meal depended upon his
holding that i0h


holding that job.
John buys and sells with an estimate
of the market that surprises the wise
ones. He made one mistake in selling,
but the mistake Is one that was on the
side of discretion and indicates a quail
ity of mind that has resulted in
that 100000 through something more
than mere luck or good guessing. John
bought Mohawk at 10 cents and sold 1t
when 1t reached 40. He has spent no
time in bemoaning that mistake-for he
stayed out of Mohawk-but bought In
others and always those that a little
later demonstrated the quality Of his
Judgment. He is married and his wife
lives in a little establishment in the
southern section of town. His wife Is
his assistant in the janitor industry,
joins with him in his speculations and
enjoys the success that has been theirs
with the same modest interest-always
studying the market and dipping in
here and there as it seems good to
them. They are interested not only in
stocks, but in many mining ventures,
every one of which bears good repu-
tation.
Johns old father and mother live
away back east in a small settlement
near Chicago. They are thrifty folk,
so that John comes legitimately by
these qualities that have placed him
among the well-to-do of the world,
despite his humble beginning. The old
folks had heard that John was doing
well out here-he made no secret of 1t
any more than he made boast. They
asked him how he managed it-what he
was doing. He was buying stock Well
said the next letter-wouldn't he let
the old folks know about 1t, they might
take a flyer themselves-just name the
stocks. For 1t seems that old Mr.. and
Mrs. Jones had little bank account
| of their own.
st wrote them a list of the stocks
that were being talked OF at that time, "
says John. "about two years ago. On
the list was, of course, Mohawk, and at
the bottom of the letter added line i
prefer Mohawk Well, those cid people
went and bought several thousand
shares of Mohawk at 10 cents. They
simply put them in a trunk and said
nothing more about the matter. They
have got those shares yet. 1t makes
em worth about $15O0o0."
Ramsey -comstock Mine
"The Ramsey Comstock vein is break
ing $500 to the ton across six feet,
said N. M. McGlynn. He is just II
from the camp and is very enthusiastic
despite the fact that he has no invest
| lllSiilo lhCAO OAA bAAS oAANJ NApON wv
of the mine there are streaks of high
grade ore running 5000 to the ton Sack
! ing for shipment is now in progress.
Mr.. McGlynn says that there Is great
activity in the camp and that many
properties are changing hands The
town is building up rapidly Severa
leasers ana mining companies are sack
ing ore and shipments viii begin i'm
mediately.
| Made a Strike
Dad" Olson has struck 1t rich on the
property of the Chawalla company. fv'
miles east of Goldfeld, adjoining tht
Rochester. At depth of flfty-three fee
he broke into a body of tellurium thai
that gave returns OF $195.14 to the ton
The ledge covers the entire bottom OF
the shaft, but how far 1t extends OF
either side dad" has no idea, as he has
not done any drifting. The company
has been working ever since the firs
location was made In 1904, but the shat
where the discovery was made was onl.
started recently. W. j. Chatterton Il
a resident OF Chawalla and has alway
had faith In that section OF the camp
He was one Of the pioneers of Goldfiel6
ana has succeeded at various times II
\ interesting eastern capital In his ven
lures. A good block of the stock Is helS
! IN Moline, H. The claims are known Al
Enterprise !, 2, 3 and T.