The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-09-26

M. E. M. We cannot say what Messrs'
Lotus and Davis intend doing with 'he
Ruufroy Gold Bar, as both are abroad
and will not return until Decemper'
PROBABLY. Before they left, suit was
instituted by them against the uoiu
BAR company to recover money they
lad advanced for the completion OF
the mill. The mill had been completed,
but the extraction was not enough 10
nav running expenses, let alone ae-
cumulate a surplus to pay of indebted
ness. Stockholders were fully advised
of the condition of affairs. The report
of the annual meeting held April IL,
showed an indebtedness of nearly 81,
600. with only 1887 cash on hand. Later,
n ~special meeting of stockholders was
called for May Is, to consider some
plan to clear up the indebtedness. Inc
meeting was not held, as there was no
ouorum. only one stockholders being
nresent. On June /, another statement
was issued and sent to stockholders, no
tifving them that If some method was
not devised to raise the indebtedness,
suit would be begun to recover the
amount. The statement was made by
Mr.. LOTUS, who issued the circular,
that no default would be taken before
.JuIy l.. provided that in the mainline
a stockholders meeting was held, and
he offered to call another special meet
ing. provided a substantial number of
stockholders so requested. The stock
holders did not evince enough interest
in the proposition, apparently, to make
such request and no meeting was held.
Whether default has since been taken
we do not know, nor do we know the
future intents of Messrs. LOTUS and
Davis in the premises, for, as above
stated, they are away and have been
for several months
w. E. T., Tacoma, WASH The Sc
coyia Fraction lies between the Victor
claim and the Hat claim. 1t is a mar
row strip about 80 feet wide along the
lode, embracing about one-half acre.
Over $4,000 worth of work has been
done on the ground, in shafts, erosscuts,
etc. 1t is a choice piece of ground,
though small. The Victor belonged to
the Consolidated, until recently, when
it was put into a merger with the {. D..
d. and Gold Bar. The Hat claim be-
longs to the Blue Bull company. (2)
The Corinth Fraction lies about six
miles east of town near Cole springs.
The Fraction adjoins the Corinth prop
erty. Not much more than the ANIMAL
assessment work has been lone on this
ground. Both fractions belong to the
Secoyia Mining company.
F. M. p, Philadelphia. The Tonopah-
North Star Tunnel & Development
company sold by auction such shares of
the company upon which the assessment
had become delinquent. The stock sold
on a basis of Z cents a share Over
800 feet of development work has
been done on the North Star, and sew
eral lodges of milling ore uncovered.
Arrangements have been completed for
future development work under a plan
which will insure increased economy.
The work will henceforth be done
through the Belmont. This will facili-
tate operations and be more economical.
M. N. A, Birmingham, Ala. The big
working shaft of the Lotus and Davis
lease on the Great Bend has been con
nceted with the 300-foot level of the
old incline shaft on the 240-foot level.
The new shaft is down 270 feet and will
be sunk to the 500-foot point without
delay. The connection with the incline
will greatly facilitate the opening up
of the big ore body that has been I'M
covered in the mine and it is probable
that regular shipments will be resumed
in a very short time.
]. B., Pittsburg, Pa. The Goldfeld
Ledge owns a very large acreage and is
managed by honorable business men
who live at a distance, but who, how
ever, are giving the property little at
%tontion other than patenting it. This
means a large expenditure of money as
there are several claims. NJ. NJ. Van
Fleet, Denver, is president. P. f.
Roulette, is secretary. Address, Ex-
change building, Denver.
L. T, Williamsport. j.. b. Murphy
has secured leases ON blocks Is and Ia
of Combination No. 3, formerly known
as the McCambridge lease. A corpora
ton to be known as the Goldfeld Con
solidated Mining and Leasing company
VIII be formed to work the property
and a two-eompartment shaft will be
sunk at once.
T. NJ, Des Moines. No work being
done on Mohawk Annex. Attempt was
made some time ago to get stockholders
TO submit to an assessment to prosecute
promoters for over-issue of stock. Int
nothing came of it. All the property
owned by the company is three acres of
ground, near Columbia.