Los Angeles herald., 1907-08-19
RHYOLITE IS
WZDE-A WAKE
SHosHoNE TO PAY 100000 IN
DIVIDENDS YEARLY
BROKERS' WANT LOS ANGELES
BUSINESS
nePorteo Rich Strike In the Funeral
Ranse-compIetion of Railroads
and Water system-Ron-
nile Clare Mine

Special to The Herald.
RHYoLITE, New, Aug. 1s.-owners Of
the Montgomery Shoshone mine confident
ly expect to pay out 81, 200, 900 in div,derds
the first year. Such is the stateuen+ of
Malcolm J.. Macdonald, who added. .evo.
1t is true that we will use a portion of tho \
mill for custom purposes, arranrements
having been made to treat ores from tbe
Amethyst Bullfrog Mining and Tramn
Consolidated. Nothing definite has hen
decided about shipping the ores from the
Tonopah Extension to the Shoshone mill.
although we are contemplating such a
move. 1t will depend, of course, whether
the Clark road will give us a freight rate
from Tonopah to Rhyolite so that we can
afford to ship the ore We are expecting
that the electric power from Bishop creek
Will be in by the 1st of September, at
least we have .een promised power at
that time, and we are depending upon it.
The mill is practically ready to run
Funeral Range Strike
]. P. Burns, who has been with the Cali
fornia Bullfrog company for the last
eight months, has made a rich strike in
the Funeral range. Surface samples taken
the length of quartz ledge gave an
assay of 800 in gold and 50 so in silver to
the ton. The ledge has been exposed for
for $50 feet
MIR. Burns also sampled another ledge
on the same property and secured re-
turns of $109.S9 in silver, $24 in copper, $3.43
in lead and 81 in gold. This ledge is prac-
tically blind, being exposed in a few
places at surface. The assays were run
by A. j. Fraser Of the Clyde H. Jay
office at Rhyolite.
Rhyolite in Los Angeles
The Rhyoite-Los Angeles mining syndi-
cate is the name of new brokerage COM
pany just organized in Rhyolite. 1t will
be incorporated under the laws of Ari-
zona and California, capital stock 100000
shares, with 10000 shares in the treasury.
The other $4,000 shares will be issued to
the stockholders in proportion to the
amount invested. Those interested in the
company are J. A. Largent j. A. Small,
Art Poole, j. Seller, George Senter, F. p.
Mannix, w. H. Brodie, Anderson & Tracy,
C. R. Durkee, G. t. Pheian, Capt. Miner,
F. P. Kerns, G. B. Keenan,. The office
will be located in Los Angeles. They
propose to have fine mineral exhibit.
also a stock quotation board, and will do
a general brokerage business.
Railroads and Water
Before the coming of cool weather the
Bullfrog- Goldfeld and Las Vegas & Tono-
freight and passenger depots in Rhyolite.
Rails of the latter route have been laid
from this place northward to point be-
yond Bonnie Glare, half way to Goldheld.
Tracklayers on the Tonopah g. Tidewater,'
coming UP from the Santa Fe. are in
sight of Rhyolite, and the Ash Meadows
Water company having completed its
pipe line to the Borax Smith railroad, is
now extending to Greenwater and Lee.
All this construction work, added to the
mines steady operation and the building
of reduction works in camp, lends TO the
busy air of the district.
Fred H. Vahrenkamp, manager of the
Bonnie Clare says that the new ten
stamp mill is hammering away day and
night and that the first months clean
up will probably amount to 20OOO. MI
Vahrenkamp has let contract 1or tne
hauling of smelling ores, and Is also
working several of the company outhts
in bringing down ore from the mine 10
the mill.
First Steam Hoist
Bullfrogs first steam hoist has oeen
placed in commission at the Montgomery-
Shoshore, the water to feed 1t having
been developed in the mine. Crude oil is
utilized for fuel Pumps will be shipped
TO care for the excess flow of water ana
the big shaft will continue of great oeptn
without interruption. The Shosnone mill
will be ready for business by the time
the mower company has it's electric cur
rent available for use.
A compressor and air drills are to De
provided at the workings of the Home
etake-King Consolidated and later a mil
will be built, the company having already
developed at Mud Springs flow OF eoo
gallons of water per minute. IL Is esti-
mated that above the 50O-foot level In the
IJomestake mine there is a million tons
of ore blocked out that is worth easily
$40 per ton. the reserve worth s1oooO'oOO.
The main drift is out 900 feet on the 4oO-
foot level, but the shaft is down $40 feet
and another drift is following ore at
depth of 800 feet. On the 800 level u teet
of ore runs $33. so per ton and the rlcnest
nav shoot is good for $500.