Los Angeles herald., 1907-06-10
MAN|ON IN CHARGE
OF GOLDEN SCEPTER
BIG PRODUCER IN THE BULL
FROG DISTRICT
Thomas F. Walsh, the Colorado Mill
lionaire, Is Interested in the
Mine-Change IN oper-
ating Plans

RHYOLITE, New, June 9.-The
Golden Scepter mine, which is one Of
the best properties on Bonanza noun
tain in the Bullfrog district. has
changed it's management entirely and
on June / Timothy Manion, manager
of the Great Bachelor at Ouray, Colo,
and right hand man of Thomas F.
Walsh, the Colorado millionaire mine
owner, was placed in charge of the
property.
1t is Manions plan to sink directly on
the Hobo ledge, which crosses the
Golden sScepter property from the
Tramp mine, and to work directly In
ore instead of continuing the policy
of crosscutting to the ledge from be-
low. The new shaft will be started at
once upon the larger Of the two leads
that have been found west of the
present Golden Scepter shaft and the
ore will be followed downward.
The change in the mines policy was
brought about by the sale of large
blocks of stock to eastern operators
who pin their faith in Manion's judg-
ment and who have ordered that he
be given free hand in the develop
ment of the property.
That Manion mas assumed charge OF
a strong property is shown by the
fact that already $500 feet of under
ground workings have been developed
along the following lines: Shaft 300
feet. tunnel 1000 feet, crosscut 1000
feet, two tunnels Of $50 and 500 feet,
respectively, and 200 feet in develop
ment shafts. When depths on the sur
face lodges are deemed sufficient the
old workings will be connected with
the new shaft to aid in the develop
ment work.
Value of Golden Scepter
The Golden Scepter is one Of the
strong companies of Bonanza mount
ain, for the Hobo ledge has given
higher shipping values, while there are
four known parallel lodges within
striking distance.
The company has twelve claims Of
patented ground and is equipped with
a 25 horsepower hoist and 1Ox10 air
compressor.
In all the company owns 1S0 acres OF
land, and Is capitalized for $780, 900, of
which there remains in the treasury
225,00O shares.
J. C. Mccormick is president of the
company and s. j. McMullen is secre-
tary and active manager.
| In speaking OF the property NC
Mullen said 1--WE found it necessary
to sink directly upon the ledge in or
der to save expense in preliminary
| work, as we can Degln SnlpplnS as Sooi
as the shaft is in the good ore under
these circumstances and can continue
the policy of striking the ledge as soor
as the ore begins to pay the expenses
of development.
"The mine is in good condition, and
| the fact that the Hobo ledge has been
developed to the very edge of our
property and has sho- n high values
makes the property one of the strong
est in the district.
Under the present condition Of the
market there will be no effort made to
boost the price of our stocks, but in
stead we will give all our time to min
| ing.
"On the board the stock has fallen to
| the neighborhood of Is cents with the
rest of the market, but that does not
worry us, as we will be shipping high
grade long before the market opens in
| the fall.
1.-THE fact that the Las Vegas & To-
nopah railroad cuts Bonanza mountain
Just below our shaft guarantees us
cheap freight and easy handling of
our ores. We want no more"