The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-10-10

has been followed so CLOSELY anu iu"y
in our column that we do not feel
justified in devoting space IN this de
partment to covering the same ground.
The mill will be completed about the
first of the year. The stock is a good
buy at present figures. See issue Oh
Aug. %, for full description of mill;
Sept. 5, for 600 level of Mohawk; Sept.
II for big find on Red Top, in Red Top
Consolidated lease, and Sept. % for q
resume of conditions in all Consol-
dated properties. Senator Nixon re-
Gently stated that dividends would be
resumed about February of next year.
(2) Daisy stock is manipulated. There
has been internecine troubles in com
pany. We understand there has been
"a change of management, Walter
Geddes being practically out. This
latter has not been corroborated, how
ever. The ore has been bunchy, rich IN
spots. but elusive. There is "A rumor,
which is permitted to go undenied, that
there has been an important strike IN
the property lately; that a large body
of good ore has been opened up and
that regular shipments will begin at
once. Our reporters have not been
given access to the mine to prove the
correctness of the reports. Whether it
is another market yarn, time alone Will
prove. We are inclined to believe that
the Daisy is in ore in a new part of the
mine. hut how much there is of it and
how rich we are not able just at this
time to say.
J.. X. c., New York. We have finally
got all the facts in regard to the
Johnnie mine. You will see an ex-
tended account in another column. In
addition we learn that Doubleday, who
bought the mine, paid for the property
and then put in a mill costing $s7 900,
which he was unable to pay for. There
were also other debts owing, and at
the instance of creditors, the board of
trade of San Francisco, took charge of
the property and assets of the com
pany, putting Al Meyers, the well
known Goldfeld operator in charge,
who will start up operations November
l, and try to make the property pay
out. The mill returned $4,400 the last
10 days it ran, with a payroll all told,
mine and mill, of SO men, showing that
the property is capable of being oper-
ated at a profit.
F. w. w, FL Centre, Cal. As you
probably know, the State Bank and
Trust company is in the hands of a re-
ceiver. We do not know what success
he is having in settling up the affairs
of the bank, but he has announced a 5
per cent dividend, which is now pay
able. He has stated at times in the
past that perhaps not more than from
80 to 40 per cent would be paid. 1t is
possible that not this much will be re-
allied. The trading of accounts is still
going on, we understand. Hickey has
been indicted by the grand juries of
three counties, and is having the time
of his life chasing back and forth an
swering court commands. He is now be-
fore the state supreme court asking for
release under habeas corpus proceed
ings.
E. G.. D., and others. The Jumbo
Fraction is supposed to own two claims,
the Empress and Gold Star, in the Gold
field district. No work has been done
on them for a long time. The maps of
Goldfield do not show this company on
their index, indicating that the ground
claimed is not patented or surveyed.
Where the company gets its name, we
cannot say, as the claims are nowhere
near the Jumbo. There is a small
piece of ground on the north end of
the Jumbo that the Banner Mining
company claims, and which it calls the
Jumbo Fraction. You will see more
about this supposed fraction in answer
to l.. K. X, New York.
F. j. w., Binghampton, N. Y. The
Great Bend Twin owns three claims ont
on the fiat to the north of Great Bend
hill. Some work was lone and an ex-
penslve working plant was installed;
but outside of the work lone imme-
diately after the formation of the com
pany, nothing to speak of has been
done since. 1t does not impress us as
a good mining proposition, and looks as
if the company was formed merely to
sell stock.
Subscriber, Pittsburg. The Nevada
Eagle Mining company is doing extern
sive and intelligent mining ON its
property a few miles west of Goldield.
In the Montezuma district. The man
agement is rather seeretive about af-
fairs, and is content to answer all oues-
tons in a general way. Manager Hool-
Than is satisfied with conditions. he
says, and is not seeking any publicity.
The present shaft is down $50 feet and
a lot of lateral work has been done.
Ore has been found in lunches but no
big body of ore has yet developed. The
shaft is equipped with a gasoline hoist.
air compressors and machine drills