The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-05-16

J. G. F., Qoldheld, and many otners'
Tho officers of the Goldfield Hub are:
r. J. Byrne, president, w. J. connaton,
vice president, W. l.. Wilson, secretary
and treasurer, who together with WI
Lee and John /. Tierney, constitute
the board of directors. All but Gonna
ton. whose residence is Denver, hive IN
Goldfeld. The Office is with w. l.. VIII
SON. Own the Bee Fraction and AZ acres
below the Yellow Tiger, on which as
sessment work has been kept up. Lease
let to DIR. w. X. Robinson for "a years
from September % last. If the shaft
on the property has been sunk to the
5O0-foot level at the end of the period,
an additional IL years time gwen
Hub company is capitalized at l~,5Oo,O0o
shares, of which 100000 was devoted to
the treasury. OF the treasury stock,
los. 1000 shares remain. There is also
about $4,000 cash on hand. You ask IL
the lease granted will benefit the com
pany. 1t certainly will If the company
has not the resources to develop the
ground on its own hook. Six thousand
dollars wouldn't go very far. You also
ask if there was not collusion between
the directors and the lessee In letting
this lease. OF this, of course, we can
not say, as VIC know nothing of the IN
side transaction. DR.. Robinson has or
ganized the baltimore Belle company
to operate the lease on Bee Fraction
DR.. Robinson Is president and }. r. WI
son, brother Of the secretary of the Hub
is secretary of the Baltimore
Belle. As a rule directors of a com
panv arc empowered to lease property
without the consent of stockholders.
M. C.. H., Slater, Mo. There is only
one lease working on the Taimage group
on indicator mountain. Another lease
will start up the first of next month;
There were eleven leases III all let, and
all shut down when the strike came on
and as we said above. only one lease mas
resumed, that one being the Talmage,
Mining and Leasing company. Severai
leasers did considerable work, one
shaft being down $50 feet. Leasers are
naturally finding much difficulty IN rals-
ing money for operating leases, % as
soon as times improve in the east there
will be plenty of money for Goldheid
mining.
B. M. Hancock. Gossip has ceased
publication and its editor and publisher
has been absent from Goldfield for
many months and no information as to
when he will return, if ever. The Com
binatiou Florence Leasing company,
which he advertised in his promotion
sheet, (Which many people were fool
ishly induced to subscribe for as u
legitimate mining publication has also
oone up the fiume, as stated last week,
hut the people who have succeeded to
the lease will protect old subscribers,
who bought stock in good faith and
paid in full for same.
A. d. S., San Francisco. 1t seems
that the properties you speak OF are IN
the Gold Mountain section of the Bull
frog district, in the most southern part
of the Grapevine range. We know moth
ing about this particular property. but
the location is good, generally speaking,
as there are many excellent properties
in the Gold Mountain district. We shall
undertake to find out something of the
nroperty and answer in this department
later on.
]. T. r., Birmingham, Ala. There is
such a company as the Manhattan Atlas
in the Manhattan district. The com
many is reported to own four claims, de
veloped bv two shallow shafts, with
over 400 feet of trenching. The officers
are Edwin Kirkskin, president, }. w.
Horworth, secretary. Manhattan. The
~property was not operating at the last
account.
H. G.. M, Slater, Mo. Your Hand
book will be sent to you shortly. Inc
News has been delayed a few days IN
getting a line on some companies when
were dilatory in furnishing information
desired. The Handbook will be issued
within the next few days and your copy
will be forwarded. 1t has enjoyed a
large advance sale, and we believe the
public will be more than pleased.
J. o. W., New York. The manage
ment of the companies you ask about
claim that their work stopped because
their money was tied up by the failure
of the State Bank and Trust company.
A ouery about Amethyst was answered
in this column last week
]. R. w, San Diego. We have no ex-
act data on the Tonopah Motherhood
Mining mpany 1t must be inactive
and on the 'sretired list as no one we
have consulted seems to know anything
about it. You give the name OF the
president, but not the address.
T. E.. c., Atlantic City. You will lind
reference to r. L. Bernier s transactions
and methods in answer to another query
in this column. Do not consider the
stock YOU ask about a good buy De-
cause of the management.
e. W., Pasadena. See answer to ..
F.. Goldfeld.