The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-08-01

bought stock CT tne Nation"i
company on the installment plan, tnat
their money has been returned, ana II
Won have not received yours, you VIII
doubtless get it shortly. The company
is apparently working ION 'ne
souare.r as evidenced by this return OF
money: it found it could not do this In
stallment business with any degree OF
certainty as to the delivery of stock
when payments were fully paid, just a.
we advised when they first advertised
the system, and the company reached
the same conclusion and is returning
the first installment paid. We see sew
eral firms throughout the country sell
ing stock on the installment plan. Ihese
firms cannot safely sell stocks on TINS
plan unless they W them n nave
them in their safe to deliver when they
are maid for in full, and in this case,
they would naturally have to charge
more than the cash market value. III
they sell at the cash market value, they,
of course, expect to buy in the stock Tor
less thar they sold it, before delivery
is due. in which case they would use
the money of the customer to bear the
stock. Should the stock go up, BEFORE
delivery is due, nine chances out OF ten
these firms would ego out of business
mr. ufail.,, as many of them do, when
they find they are on the wrong side OF
the market and want to avoid ming
contracts. The only people from whom
one can afford to buy stock on the IN
stallment plan is the fiscal agents or
promoters, who have the stock 10 oe-
liver and are selling for treasury ac-
count to get money for company opera
t;ops Money coming in in installments
is often as acceptable to operators as
immediate cash offers. Brokers who sell
on the installment plan are simply spec
~ulators. whereas the installment plan as
adopted by fiscal agents, is a conveh-
lent expedient for raising money for
treasury purposes, and is entirely iegit-
innate.
e. s. L., st. Paul. We have no data
on a Red Hills Extension Mining com
pany, and inquiry at the principle prok-
erape houses fails to elicit any informa-
ton. Companies are often promoted
outside of the camp of which there is
no local knowledge. For the most part,
however. they are wild cats, or tout
sideo the producing district. The COM
nany NAV have been incorporated with
in the past six weeks, but up to that
time the Office of the secretary OF
state, had no record of such company,
showing that it had not been organized
under the laws of Nevada, nor had 1t
complied with the statutes, If ineor-
porated in another state, to file dupii-
cate papers in this state. However, we
would not venture the statement that
there is no such company, but If 1T were
active, it would certainly be known IN
Goldfeld.
M. s. H., Marietta, o. The Lucky
Bows is a good property and is working
right along. Not producing nor has IL
found pay ore, but in a fairly promising
section. Recent issues of The News
have given details. The Nat Goodwin
Leasing company has good ground IN
Rawhide, but know nothing OF their
actual operations and success. Sand
storm Extension is practically a dead
one. Is fairly good ground but the man
agement does nothing with it. Listed
on San Francisco exchange, and selling
around 2 cents. Rawhide Dulzura owns
three claims in Rawhide and four IN
Dulzara mining district, California.
Some work lone on Rawhide properties,
but none to speak of in Dulzura camp
Selling stock at from y to l cent per
share on treasury account, it is claimed
Don't like the proposition.
w. G. A., Peoria, Ill. The Round Noun
tain Central property consists of two
claims and a fraction, quite well To-
Gated. The property is perhaps a mile
from the Sunnyside group belonging to
the Round Mountain Mining company,
the largest producer in the camp, but on
the other hand, it is in the immediate
vicinity Of several properties that RAM
veil, such as the Antelope and Daisy.
The Central cannot expect to get the
Sunnyside veins, but may get those of
the properties last mentioned. No ex-
tensive development has been done on
the Central. Only prospecting. The
property is worth spending money on.
A. A. c., Buffalo. The Quartzite An
mex owns three. claims and a fraction in
the Diamondfield district south of the
Goldfeld Diamond and east of the
Eureka. No work was done on the
property for a long time, but machinery
has lately been installed and work com
menced. There is a shaft down about
100 feet showing low values. NJ. c.
Seully is the manager of the property,
address, Goldfeld.
w. G. b., Mexico, D. +. Nothing do
ing on the Midtown Fraction. 1t was
reported that the property would be
leased to a wealthy German company
and would be worked extensively, but
co%b;,~ hos anna of - N 60 III