The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-07-25

ton Fraction Mining company is capt.
taiized at 100000 shares, par value
sl.OO, of which amount 100000 shares
were devoted to the treasury. Some
treasury stock was sold, but the treas
ury still contains stock and a fine cash
balance, which is being added to daily,
TO the amount of about $4,000. This
has always been economically
managed, none of the officers, or any
enc, except the men actually at WORK
on the ground, receiving salaries, al
though Thomas ID. Murphy, the presi-
dent. gives his entire time to the man
agement of the property. This IS one OF
the coming big mines of the district.
The acreage is small, the one claim
containing but a fraction under 8 acres,
but this illustrates the fact that 1T
doesn't require acreage to make a mine.
This little fraction of a claim contains
an ore shoot that is IA feet wide, run
ming upwards of 800 per ton on an
average, clear across, making it one OF
the great mines of the district, although
of the smallest acreage.
H. ]. M, Jackson, Mich. The Ne
vada Queen Mines company is not
working its property, and has not
worked it since the strike of last win
ter. The company seems to be short OF
funds. The company has expended IN
all about $4,000, some $4,000 of which
went into development work and the
balance for the purchase of the prop
erty. Our understanding is that the
promoters of the company sold stock
on the installment plan, taking notes
for deferred payments. When the
panic came, very few of the payments
were met and the company has on hone
some $4,000 worth of paper upon
which it may possibly realize later
The Milwaukee management has been
promising to start up the property for
some time. We understand the COM
pam is now figuring upon a lease in the
producing area of Goldfeld, and 1t
might prove a wise move Chances are
not very bright for ore on the Queen
ground, and the same amount of money
might be morn proftably used on an in
side lease.
R. J. p, Nashville, Tenn. The LOTUS
Davis Leasing company is working a
lease on the Great Bend, on terms OF
two years at 25 per cent royalty
Lotus and Davis own a control of the
Great Bend, but obtained the lease un.
der the old management, before they
became owners of the control and of
fcers of the company. Practically all
the work on the property is being one
by this lease. The first shaft was an
incline. Conditions warranted the leas
ing company in putting down a new
double compartment vertical working
shaft, which is now down 135 feet and
which will be continued to the 500 OF
600 foot point. There are about . feet
of $41 ore in the mine, and as soon as
the workings are connected up with the
main working shaft, the extraction OF
ore will commence. The Great Bend is
regarded as one of the most promising
prospects or young mines, in the dis
trict.
q. w., San Francisco. We are in
doubt as to which company you mean
as you ask simply of the "Nevada
Goldfeld Mine" There is a Nevada
Goldfelds Mining company, with prop
erty in Goldfeld and Silver Peak dis
%tricts, and a Nevada Goldfeld Mining,
Milling and Smelling company, owning
property in various districts, of which
the late Governor Sparks was president.
There is also a Nevada Goldfeld De-
velopment company. AS you are not
explicit, we do not know which COM
pany you refer to. (2) There is no Ne
vada Black Horse Mining company on
the latest map of the Manhattan dis
trict.
J. c., Milwaukee. The Goldfeld
Mines and Leasing company owns a
lease upon the Plaza Fraction upon
which a large amount of work was
done. The lease was shut down six
months or more ago and has not been
worked since. Win Morgan of Milwau-
kee organized and managed the COM
pany. He stated while in Goldfield re-
Gently, that he expected to resume work
this fall, and we understand the owners
of the Plaza Fraction, Hayes and Mon
nette, have agreed to keep the lease
alive and give an extension. Morgan is
expected in Goldfeld soon.
II. H. W., Denver. The Golden Eagle
Consolidated at Tule, is shut down, and
no work has been done this year. The
company is in debt to workmen to the
amount of $1,000 or more, for labor
performed last year. Neither Hicks nor
Beck has been in Goldfield for many
months; the former is in Rawhide, con
neeted with the new railroad building
into that place. B. F. .Doggett is in
Los Angeles, we learn, ~endeavoring to
raise funds for the property.
A. F. A., Bement, Ill. The Fairview
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