Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911, 1908-07-13
TO FORM FUTURE
BY PAST RECORD
FIFTEEN YEARS WILL NOT Elk
HAUST G0LDFIELD
TREMENDOUS OUTPUT OF SEVEN
MILLIONS PER ANNUM
J. P. Lotus Speaks on Great Camp
Which Accomplished More In
One Year Than Cripple
Creek In Six

In a recent address before the Gold
field chamber of commerce J. P. LOTUS
spoke on the past, present and future
of the great gold camp, giving facts
and figures Of wealth SO vast as to
startle the average person. He said:
1 know of no way to measure the
future but by the past-and in apply
ing such a measure our future is Sc
cure. Four and half years have gone
to the making of what you see about
you. In that time Goldfeld has given
30 the world $1s,947 52O91-$4, 100000 a
year. This without qualification. This
inclusive of the strong-arm period of
the windlass down to the electric hoist
inclusive of nearly two years of most
primitive methodist 100000 annually,
from the day Of its birth till now. 1t
took six years to bring Cripple Creek
to the plane Goldfield reached in one.
1t is true that the bulk of this wealth
came from a restricted area-the mines
included in the great Consolidated-but
the outer rim, the Daisy, Great Bend,
Quartzite, Sandstone, Kendall, thre)
miles away, have been no mean fac
tors. OF the great total approximating
SO, 000, 900, there is credited to the Con-
solidated SIS, 497, 250.91; Florence, $3,000,
600; Combination Fraction, 100000; the
outer rim mines, including the ST. Ives,
$3.50. 200. And let it be noted here, that
$12,000,0 900 of this amount belongs to
single brief period of eight months
the days of Hayes & Monnette,
Frances-Mohawk and Combination
Fractions period with a loss of 100
days, due to labor strikes, lost irrevo-
cably, which if employed would have
swelled the grand total of $2O,000,0O0 to
s23.00O.000
Big Mill to Cost $75o,ooo
Out on the Sandstone ridge, and
facing the west, there is in course of
construction mill to handle the prod
uct of these mines at a cost of about
$750,000. This mill it Is thought may
go into commission five months hence
November 1. 1t will have daily ca
pacity of 600 tons, and from tests made
will recover go per cent of the assay
value The entire product of the mines
will go into the mill-6G0 tons day,
estimated at an average value OF $4O
a ton. The gross value of this ton
rage is $4,000 a day, or the amazing
total of $7,680,000 a year. Manager
Mackenzie says the cost of treatment
will not exceed $3.50 a ton; SO VIII
mine it, tax per ton OF $3.50. But al
lowing per cent loss, and adding all
other COSTS, II De sale ~ il6 III
the net returns at 10 per cent. Even
on such a basis the net annual returns
of the mill at $5,376,000, being is per
cent on the par value of the total
stock issued ($35, S51, 710), or 80 per cent
on the present selling price of the
stock. And to all this is the STEADY
stream that pours from the Compina-
ton mill. One other point-it touches
our future deeply-and 1t must be
asked and answered. For how long.
period can these mines produce at the
rate Of $1,000, 900? There is five years
business now in sight. Mr.. Geddes
sees no reason these ore bodies WIN
out much change may not go 10
Thousand feet or more. The tonnage
here reckoned with lies practically all
above the 350-foot level. They nave
followed it to the 600-and it's still go
wifi not see these mines exhausted,
even at the tremendous rate of S7,OOO,-
900 a year.
In the Other Properties
So much for the Consolidated and its
future. Lying beside 1t, only yester-
day IN the Fraction they have opened
q $50 body, 400 feet beneath the sur
face-a piece of ground that may YET
rival the Mohawk. Harry Macmillan
has 100000 ready to lift when by tne
courts grace he's allowed to, lying
along Its side line The Florence has
S3. 900 blocked out In the company
GROUND. and an additional $1,O0O,OOO sec
ond grade In the Little Florence ana
Syndicate ground. This ore, $4,OOO,OV11
of It, now lies waiting Tor Ihe mn mn
ranfdlv nearing completion. This mill
has =. capacity of eighty tons, and with
fhe ore now in sight, figuring on the
same basis as the Mohawk, 1t VIII take take
over four years at the rate OF $l,OOo'OoV
a wear to exhaust what is now In slght
Ia T1ninf
reached in this ground. A mile to the
southeast, on the Victor ground, they
have az 250 feet five feet of $50 ore-the
most important strike recently mace;
res the ore body OF the G. Q. ID. ana
Gold Bar, running high in copper-Z
there lies the possibility of copper
mines clearly limited at in the work OF
+ha Florence They have ore In the
T.aguna, at 300 feet, I think; picture
ore in virgin ground, carrying the
known ore zone nearly 1000 feet north-
east. The possibilities mere are gaTsrrs'
but at present impossible TO deterIii,ile'
On the outer rim, two to four miles,
Abe Sandstone and Kendall are CON-
ing into new life; while the Great Bend,
Cuartzite and Daisy are surely coming
into their own.
Vein Formation
Here the Daisy at 400 feet. has per-
feet vein formation-just as 1t is in the
Great Bend--five feet of ore thsh
breaks $50 The same is in evidence
at 300 feet Here they are putting
down a great three-compartment shaft
"a matter OF three months, when the
big tonnage in the Daisy will be going
ia the mill 1t is believed, and already
to a great extent demonstrated, that
the next producing center of the camp
viii be on the Great Bend ridge. -Four
great working shafts are going down
there The Great Bend and Daisy are
now in the shipping class. and certain
10 become important factors in the
work of the coming year. Other I'M
portart work is saping. Mr.. Keelyn Is.
I believe, shaping a work that VIII
omen a. new producing point. The plans
have been submitted to me, and If car
RED forward on the lines projected the
coming year will see new strength
from this source.
IN passing, lest / be quoted, and the
dear outside public may be moved to
saw. $50, so; but where do we get on
at?o TO these / say, you get OF with
AZ. 5f7. 600 These be your dividends;
these seven and half millions" Not
lad. time and conditions considered
like our annual gross production,
again believe this dividend record
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