The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-03-07

r. .. a., r1ttsburr. The Homestake
at Manhattan was not regarded as a
wildcat when IL was first offered the
public, and we do not know even now
tina II belongs to that category. 1t Is
true that there was not enough work on
the ground to prove it's merits. but we
could not have anticipated whether the
ground would be worked or not. or
whether a mine would be found IL It
were worked. for at this time in the
districts history no one knew just where
the ore bodies lay. 1t is possible. now
that mills are being installed in Man.
haitian. the Homestake may still prove
to be productive ground. The firm in
question always enjoyed a good reputa-
ton in this camp. and IL IT has been dis
honorable in this particular proposition.
we are not advised of the facts in the
case. If we recall. the firm was only
the fiscal agent for the Homestake COM
pany, and neither member of the firm
appears on the board of directors. How
ever, as to the stock they are now SELL
ing and have advertised in this paper.
we know IT has merit. The ground Is
certainly we'll located and Is showing up
fine ore bodies of high value. and in the
promotion of the stock. this firm Is con-
nected with some of the best and most
reputable mining men in Nevada. and
we can see no good reason for refusing
their advertising. You are mistaken in
assuming that an advertiser can get any
kind of reading notice in this paper he
might wish. The news and advertising
columns Of this paper are distinct. A
paid line of reading matter never APP
pears in the news columns OF this
paper.
!. O. L., GAINESVILLE, wis. Promoters
nor anyone else, under the law Of Me-
vada and Arizona. are legally warranted
In drawing down the dividends on treas
ury stock. The dividends belong to the
treasury. II paid on the full capitaliza-
ton. and consequently to all the stock
holders in common. Are you sure that
dividends were declared and paid upon
the treasury stock? 1t would be a very
unusual procedure. for 1t woul only be
taking money from the treasury to pay
back to itself. Dividends are only paid
on issued stock. II the officers or pro-
moters. as you say, paid dividends on
the treasury stock and then helped
themselves to these dividends. they
simply robbed the reasury- pure
case of stealing.
y. p, Coldwatsr, Mich. The GoldAeld
Orc owns about 33 acres in the Gold
field district. lying among the producing
mines of the camp. Some $4,000 has
been expended on the = ground. Not
working since the strike began. 1t Is
good ground. The Booth. Of which you
also ask. is close to the Orc. and is also
regarded as one of the choicest locations
in the camp. A large amount of work
has been done upon the Booth. There
has been talk recently of consolidating
the Booth, Orc and one or W other
properties into one organization.
7. O. p, Concorn. Cal. See news col
umns about Red Top Extension. Lease
on that property has just been k
over by observation-disclosures Co, and
will be vigorously worked. Nothing do
ing just now on the Black Butte b.
nanza, but the managing director of the
company states that work will resume
In a day or so"
C.. u. x, Aurora, III. The Goldfeld
Desert King was never listed. and we dc
not consider the holdings of the COM
pany Of much value. The president OF
the ompany has abandoned Goldfeld
and the mining business and Is now In
New York.
J.. L. C., Kokomo, Ind. The property
of which you speak is not working. no
has it been for some time. 1t looks like
a bad proposition to us, undoubtedly a
stock scheme. purely.