Los Angeles herald., 1907-05-13
MAN OF ACTION
IS c. N. SCHWAB
LEADER IN THE DEVELOP MENT
OF NEVADA MINES
Possesses Vast interests in the Call
fornIa Copper Zone In Inyo
county-Purchase Made
by sohwab

Prominent among the millionaires of
action in the Nevada and California
mineral fields is Charles M Schwab,
worth $3O,000,000 or $40,O00,0OJ, acquired
through operations in steel industries
man of energy who is determined to
hasten mineral development on the
coast.
schwab's Nevada Associates
In the Las Vegas Age it is stated that
Mr.. Schwab has surrounded himself
with vigorous and intelligent mining
men. Don B. Gillies. his mining man
ager, learned to read the rocks like
a book at Butte: Malcolm l.. Macdon-
aid, born on the Comstock, is famous
as a mining engineer. l.. A. Parkhurst
and few other brilliant young men of
the west are closely associated with
Schwab in his practical mining opera
tions-all growing rich in development
of mines.
Schwabs Bullfrog mines, Montgom-
-Shoshone and Shoshone Polar1s,
stand at the head of a long list Of Ne
vada producers. Under the scientific
management of B. w. Turner these
properties have been developed in a
skillful manner. Manager Turner was
schooled with Heinze at Butte and
demonstrated his ability at Tonopah.
Since Bob Montgomery sold the Sho-
shone to Schwab, Turner has done
about two and half miles of under
ground development work; connected
the Shoshone and Polaris mines by
drifts; sunk one Of the largest three
compartment shafts in Nevada; built a
mill of 3Oo-ton capacity, and from de-
velopment work alone piled on the
dump ore worth a million dollars. No
stopping has yet been done.
| The l.. ". & 7. tracks have been COM
pleted from Bullfrog to the mill and
works. One car Of high-grade ore per
day has left the mine for Salt Lake
since the completion Of the track which
averages over S10O per ton. mainly in
gold. Lower grade ore Is held on the
dump for completion of the big mill
about June l. Then Schwab's Bullfrog
mines will produce gold enough to drive
stocks UP from $12 to $25. and the great
property will demonstrate its worth.
The Polaris, sister of Shoshone, re-
Gently shipped out it's first car OF high
grade ore. Manager Turner has ar
ranged the drifts Of Polaris to pay
tribute to the big Shoshone hoisting
shaft. The main shaft Is down 450 feet,
working in an ore vein that covers the
bottom Sinking will continue to the
Il 1000 level and is now progressing near
lly three feet per day. Great bodies OF
ore have been cut In development, and
the numerous drifts are following wide
veins of high grade. In places the walls
are as well defined as those OF a mouse.
Here and there are cavities in the roof,
from which the rich gold-beartng
quartz mas crumbled.
So far the Shoshone and Polaris
are dry and the ores free milling. A
bountiful supply of water is piped
from Goss Springs to the mines. a dis
tance Of eight miles, and this will sup
ply the mill also. The Nevada Califor-
mia Electric Power company will fur
nish the power used to hoist About one
hundred men are employed at the
mines.
Extensive Mining interests
Charles M. Schwab is interested in
the following companies in Nevada and
elsewhere:
Tonopah Extension Mining company
of Tonopah, he controls; he is also
heavily interested in, but does not con-
troll, the Red Rock Mining company,
McKane Mining company, Golden An
chor Mining company and Midway Ex-
tension Mining company, all OF Iono-
pah, New.
He is also interested in lease on
the Portland mine of Goldfield. He
owns rs per cent of the Montgomery
Shoshone Mining company the Polaris
Mining company and the Crystal Bull
frog Mining company, which latter Is
not consolidated under the name of
Shoshone Consolidated Mining COM
pany.
Mr.. Schwab is the largest individual
stockholder and with personal friends
controls the Greenwater and Death Val
II ley Mining and Smelling company.
He is also operating at Silver Peak
and owns what is called the Nevada
Silver Peak Mining company. This is
not a stock company, but is owned per-
sonaIly by Mr.. Schwab, and he is
spending his own money in the devel-
opment.
! Mr.. Schwab is also interested extern
siyely in Saline valley and is there de-
yeloping a number of properties.
He is also interested in the Rosebud
district, Nevada. The steel king owns
and controls the San Toy and La Cen
trail mines in the state of Chihuahua,
Mexico
Mr.. Schwab controls the Union Iron
Works company of San Francisco and
| is also heavily interested in many Me-
vada companies.