Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1907-08-31
HEINzE INTERESTS
ARE VICTORIOUS


alive of Augustus Heinze and his as.
sociates, accompanied by Miss Adele
Schroeder, Miss Nellie Fisk and
Charles w. Gregg, arrived in Reno
last night from the tennessee dis
trict in Plumas county, California
after completing the final details OF
a mining deal in which the Heinze
interests and the Guggenheim in
%terests were striving for mastery,
Heinze won and the honor of the vic.
tory belongs to Miss Schroeder. In
the struggle, which has been on fol-
several weeks, Miss Schroeder was
pitted against Mrs. Ella Rawles
Reader, the most successful woman
mining promoter in the United
States. Calvin went to tennessee to
pass upon the option secured by Miss
Schroeder. AS a result he has pur-
chased sixty mining claims, nearly
1900 acres of what is considered
some of the richest copper ground in
the country. The property was own
ed by George Goodhue and associates
and the price paid was $500, 900; at
least such is the price as announced
by Calvin.
The ground is located eighty miles
north OF Reno and is close to the
proposed route of the Western Pacific
railroad. One of the first things the
new owners will do will be to con-
struct a branch line to their mines a
distance of about twenty miles. Gal
vim has already arranged to develop
the property on a large scale. A num-
Der of miners were placed at work
this week. For the next two years
development work will continue. In
the meantime smelters and power
plants will be erected and when all
is in readiness the treatment of ores
will begin.
Reno is to be made the base of
supplies for operating the property
and hundred of men, according to
Calvin, will be given employment.
Calvin when seen this morning re-
FUSED absolutely to discuss the strug-
gle for ownership of this property be-
tween the Heinze and Guggenheim
interests, nor would he talk about
Mrs. Reader or Miss Schroeder.
Augustus Heinze is but one of
several New York men who are in
terested in the deal we have Just
completed in the tennessee district
said Calvin. 1--WE have been figuring
on this purchase for some time and
are satisfied entirely with the man
ner in which it has been carried
through.
we have purchased sixty claims
from Mr.. Goodhue and his associates.
1t is all copper ground, much richer
than either Yerington or Ely. We
have examined the ground thorough
ly, 1t is to be worked on a large
scale, but it will be at least two years
before Il smelters are completed
and we have ore ready for reduction.
1t is not the amount of copper ore
handled that returns the profit. 1t
is the manne in which It is treated
and the cost entailed in preparing It
for treatment that returns divi-
dends."
There is an unlimited mount of
timber on the land. Water is also
abundant and Calvin figures that it
VIII be possible to develop at least
10000 horsepower from water in the
streams that abound in that section.
In Galvin's opinion the mining in
dustry is yet in its infancy so far as
Nevada and Northern California are
concerned. while in the east a few
days ago. said Calvin, the brokers
along Wall street tried to belittle the
mining industry, claiming it is moth
ing but a risky gamble. Let us adj
NIT that mining is a gamble. Who
has made it SO? None but these
same brokers; for every dollar the
miner places in his mine or takes
from the ground, these Wall street
brokers capatilize it for $1,000, and
in the speculation that follows the
public loses and the industry suffers.
AS soon as these brokers learn the
value of conservatism the mining in
dustry will prosper even more than
at present. Reno Gazette.