The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-07-25

OF GOluneiu, oh III "SS'
yindicator mountain. The property IS
worked by tunnel and shaft. There is
a working shaft Axe in the clear, sou
feet deep, well timbered. There IS al
west crosseut 95 feet and an east cross
eut of 20 feet. A tunnel $50 feet deep
has been run on the contact of lime,
tale and rhyolite. There are three
crosscuts from the tunnel, two to the
east. one go feet and the other 40 feet,
while the crosscut to the west is 40 feet.
All this work is orrle Lucky Boy NO.
9. On the Lucky Boy No. l, there is a
6O-foot shaft. About $50 feet of
trenching has been lone on the W
claims. As to equipment, there is a %
h. D electrict hoist, a 34-foot gallows
frame, engine house, blacksmith shop,
office buildings, etc. No ore has been
found in place, but assays ranging
from $500 to $40 have been obtained
from stringers and seam
w. w, San Francisco. The Florence
company exacted $177 900 from the Lit
tie Florence company, which was work
ing a block of ground under lease from
the parent company, as a penalty Tor
having mined ore outside its boun-
diaries, the amount of ore so extracted,
according to the estimate of the parent
company being in that sum. When the
lease was about to expire, the Florence
company also refused to turn over to
the Little Florence, it's share of the re-
turns of ore settled for by the samplers.
i Under the lease the parent company
shipped all the ore extracted by the
~leasers, paid the sampler, deducted It's
ROYALTY and was to return the residue
to the ~leasers. But in this instance, the
Florence company refused to turn over
the last returns, amounting to about
$117, 900, on the ground that through
improper mining the mine had been
damaged to that extent. The Little
Florence brought suit to recover these
amounts and also asked a large sum
for damages. The case is still in court.
s. G., Ohio. The Nevada Florence
lease, formerly the Chicago Florence, is
not working at present. The company
has plenty of money to work on, but is
waiting developments on adjoining
leases, to more i~ntelligently plan a
campaign. Both the Hall Florence and
the Florence Red King Claim lease, adj
joining on opposite sides, are working,
and both have ore, but only in punches
and streaks. The Nevada Florence peo-
pie claim that they are waiting until
the ore shoot is located by their
neighbors before starting up. The
shaft is about 275 feet deep. 1t may
be necessary to go only to the 3O0-foot
and cut a station for lateral work, or
to go to the 600-foot point, which the
management is prepared to do if neces-
sary.
A. H., Piedmont. The Baby Florence
company owned four leases. One of the
leases was sold to a Mr.. Hall, who calls
his lease the "Hall Florence" This
lease was sold for $4,000, and the pro-
ceeds were used to develop the present
lease, which at one time was known as
the Peer and Pugh lease. The COM
pany had to realize in some way, as
their funds had been tied up in the
State Bank and Trust company failure.
Tho stains nf Tho haroholloro g: A.
same now as before the sale of the
lease. 1t was simply the case of a com
pany realizing on some of it's assets in
order to continue business. The Baby
Florence is in good ore now, and looks
like the making of a good producer.
J. M. W., Providence. Our informa-
ton is that neither property is work
ing. Both are far out from the present
producing district, but in a mineralized
section. Not enough work has been
done to determine the vein system or
open up ore bodies. We do not know
personally any of the people behind
either company, as they live at a dis
lance and manage the property from
the home office-Stamford, Connecticut.
being the home office of one company
Ii either company has a resident agent,
we do not know who he is. W. j. Chat
%terton, who managed the Chadwalla.
has not been in camp for a year or
more.
j. G. j., Tucumcari, N. M. The list
of stocks you submit, is a wonder. We
cannot imagine where you got hold of
! such a bunch of wild cats and dead
ones. Out of the seventeen companies.
scarcely a single one is active. Only
four are in the Goldfeld district. and
none OF them among the preferred pros
poets. 1t would be interesting to know
whose literature you have been reading
ana Following, in making your selection
of stocks.
r. s., Granville, Ga. No work is be.
ing lone now, nor has any work been
lone for some time, upon the Victor
Wonder property, at Wonder. In fact.
only a very few companies are actively
operating in that camp at present.
Q. A. M, Waltham, Mass. The com.
pany OF which you ask has a sba Fl