The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-05-02

in full operation will be $50 tons, EN-
ploying 40 stamps. The first unit to be
installed will be. 20 stamps, giving a
daily capacity of as tons. The next
unit of 90 stamps will be added as soon
the initial plant proves entirely sat
isfactory; the superstructure is already
constructed for the 40 stamps. You ask
why the company, with a large treasury
plenty of ore and a mill almost
completed. should grant leases. We can
not answer for the Florence company
The leasing system was adopted by the
Florence from the first. and practically
all the money received by the treasury
has been from royalties. The company
sunk one large working shaft n de-
veloped an immense tonnage of milling
grade ore. While sinking this SHAFT,
leases were let to derive money for the
work, as not a share of treasury stock
was ever sold by the Florence, every
cent expended on the company s ae-
count-and there has been upward OF
a miliion--having been paid as tribute
by leasers. The company has a large
territory comprising so acres, n IT
would take many years for one concern
to open it up You suggest that a sus-
picion is growing that these leases are
let to "enrich an inside ring Sueh
n suspicion does not prevail In 1oia-
fold. where all the circumstances are
known. in fact there is no ground what
ever for such suspicion. There nave
been as many as 20 sets of leasers on
this ground at one time, and no man
has had more than two leases, and ne
boupht those of other ~leasers. None OF
tbe leases have reached a very great
depth and have not injured the prop
erty: on the contrary, they have opened
up the ground and disclosed ore shoo's
that the parent company might not nhd
bv years of work through a regular
system. Now, they know where 10
mine and can map out their 1uture
work in the light of disclosures made
by the ~lcasers. Ground within a GER
tain radius of the company shaft they
have never leased and never VIII. Inc
companv has sunk a large working
shaft. developed thousands of tons or
milling ore. erected a mill and pald
two dividends of $105, 900 each, with a
treasury fund remaining after the see
ond dividend was paid of $2oO,ooo,
which has since been greatly aug
mented. and all the result of the royal
ties paid by leasers. 1t was recently
Given out at the office of the company
that they had $4,000, 900 worth of ore
in sight.
O. C. A., williamsport, Pa. You in
opire about the "La Cannea Copper
we presume you mean La
Cananeas Copper company, of Mexico,
mine. Sonora, Mexico, mine office, La
Cananea. same state. New York once,
care Ehud n. Darling, secretary. ~
Wall street. Fred A. Trittle, president.
Organized under laws of Arizona, l,ooo,-
900 shares. par value. SO. was pro
by Henry B. Clifford & Co., but
management now said to be in OF
p. Sandoval & Co., substantial bankers,
of Nogales, Arizona, and Nogales, So
nora. Mexico: $50 acres, including La
Libertad and Ell Ultimatum groups,
near the Green Consolidated, having
l5O-foot shaft, with 800 feet of under
ground workings. said to show 15-foot
vein of ore similar to the Puertecitos
ores of the Green Consolidated. Prop
ertv considered promising, but presum-
ably idle.
G. v. s., Shakapee. kim. The prop
does not look good to us. In
the first place, the proposition is to as
sess every stakeholder . cents per
share. and "any stock on which these
= assessments are not paid shall be FOR
feitcd and returned to the treasury.
The tsock. according to our records, is
worcestershire, and being so, no as
easements can he enforced and no stock
be declared forfeited by reason OF
non-pavment of assessments. 1t is u
peculiar proposition for a eomn'nV 70
Differed bv men who are supposed
10 know something about the business
md doesn't look as if made IN good
faith.
j. M. c., Concord, N. g. The Awe
thyst is not working at present. the
management sunk a shaft 100 feet, be-
Ing as deep as it could go without a
and until more money is realized
further can be done. The prop
,rtv is well located, being directly west
# the Great Bend, and from the trend
the lodges in the latter property,
hey should go through Amethyst
,rouna. This is particularly true OF
he north ledge of the Great Bend.
Davis and Wheeler, who put out the
AMETHYST inform us that they are pre-
,arinp a market letter on the Amethyst
which will be mailed the first OF the
week.
G. McC., New York City. The Gold
ield Ledge Mining company owns al
arge acreage about four miles due east
the town of Goldfield. The com
has spent nearly $4,000 in work
necessary to patent the property before
loing any development work. Part OF
he property has been patented ana
,ther parts are in process. Some pros
has been done but nothing SEN
discovered.
A. H. L., Portland, Ore. We became
uspieious of the outfit You ask about
md dropped their advertising. They
even establish offices here. but
for New York shortly after incor-
and beginning their advertis-
nc campaign. Have not heard within
he last two weeks whether they are
working their leases in Rawhide or not,
ut will find out. -.
A. J. NJ, Los Angeles. We don't
to have any data on the Goldfroe
Bio G. Can you give us the
and address of any of the officerst
Mohawk .Jr. owns three claims in the
;oldfeld district, on which some work
vas done. but the property has been
Inactive for some time. Address +. A..
Los Angeles.
G. A. NJ, Wiliamspcrt, Pa. The
ioldfeld Horse Shoe company IS start
ng up its property this week. See
,rticle in another column of this issue.