The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-06-20
THE LEASING POLICY

ims show, = lamentabls lack of knowledge of the real situation in
no,ss.,a = nsnavs = wrong impression Of the camp that is possibly
ute generally entertained. especially if brokers in the east are endeav-
oring to create such erroneous IDEAS ;,
The complaint is against the leasing system las carried 0s IN o0oneo'
as if In system here were different from elsewhere.
The leasing system las carried ot in aodhed' is what la made te
camp. and it is as honestly and a benehciany padiced mere as In M camp m
thu country, and it has bssn beneficial to stockholders in the mines as well al to
though there have bsn a few caseso o that kid Ot only IN eases whers us
company had no money and no way % raise TIM means fr carrying OF mmn
true facts are very much disposed to be suspicious of the management OF a mine,
especially whore the long expected dividends are deferred, m are nsss "
charge disbonest or incapable management or connivance If some kind, as a
reason and when they see leases given OF good ground, they are ready to beheve
inspired reports that 1.-THE management is standing m etc we a nat ieI
tse even charrng tina Thomas Lockhat, whose honesty is proverbial in Gold
field and wherever he is known. is a partner in tn leases ne la ave on TN
Florence estate charge which everyone in thu district now to be absnrdly
untrue. But no on al satisfy a disappointed stockholder Leases in oodheid
hav bssn honestly lot and under such severe restrictions ir n pro'ecson ..
the company q interests that they are almost intoierabiet to h leaMrs.a N there
are fewer new leases. being taken JUST TOW thai ever before ON ss very ac
The leasing system on h whole has ben vastly beneficial to the camp and
to the owning companies 1t takes a great deal of money to open Up a mine.
- an ss. .~ms .ss ro..,ss. derived from ,easest there has been thu making of the
greatest mine i'm aodaed. Had it not been for the leaseso o the Mohawk. we
would not hav had thu great Goldhhd Consolidated of today. The Mohawk
was an independent company without money Leases took hold and opened up
fortunately, a great body of ore that vas not now to exist. 1t was the devel
opment of leasers that made it necessary o bring bout a consolidation Of q
joining properties that has eliminated expensive am ruinous law uhs in aoldhed,
oer apex rights. It vas he loasersw who made tn great Florence estate nd
made tn dividends paid to Florence stockholders, and put their sock to IS per
share. The Florence had 10 money TO develop M ropery IN the start ANY
everything it hasa accomplished since. las been with leasers money. The ground
of a dozen companies is mo- being worked by isasns. whicho therwis pefiorce'
or course. The News would lot defend leasing by companies after they had
an amount Of money to develop thoroughly their ground. but Until that
time comes it appears to be h only occurs =
IAs Consolidated and the Florence have been letting a few leases lately. al
though they hav a good treasury fund. But the Consolidated has a very large
acreage thth has never beene explored and that couldn't be explored by tn COM
many for som time to ome If this ground should be opened up at others x
pens to determine whether or not it is mineralp producing, it would certainly
seem like good business Beside. the Consolidated is under a tremendous expense
in building a mill, AM in keeping up development work pending thu completion Of
its mill, and n doubt royalties would come in quite handy. just now But Is an
answer to the argument it might be said IN respect to this company, that the
leasing system is all a onedded proposition, as there is lot a lease o. the Con-
sohdated that is producing; consequently that company is deriving the benefit of
man. thousandd onMs spentb by Others without parting with a pound of ore.
AS to the Florence. that company is also under a heavy drain. paying divi
dends while building IN expensive mill. It is in 10 shape to produce from the
company workings, an is mighty lucky to have some rich tenants to help out
And tn leaserg gets none h best OF it on III Florence, by any means It might
also be said, tha none Of the leases new or old, on the Florence, have very long
to rn thu idea of the management being 10 come imof full possession OF their
property by the time h mill is in readiness to operate.
One minton dollars would not more than cover The work done by leasrsh N
Goldheld, nj surely not more than a dozen leases W produced any veyl large
dividends. Perhaps he reason for this is thtrt he leasers hadn't sumcientm money
to develop at depth, but the fact remains that where amin, ot of ZEN lost out, the
owning companies in every Ease were just that mucha ahead. The leascrs as a
re, ave- had much tn worst If It'll in GoIdfed, n h property owners
.the best # it, and the man who refuses to buy stocks in Godfed mines be-
aus the leasersa are getting every thing in it" as another correspondent says
is certainly doing himself IN injury by notg getting posted.