The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-12-12

| clined to think you are right in refusing
to furnish more money. While we do
not know anything about the PROPOSE
ton submitted, the terms of the merger,
etc., we do know by the appeal they sent
out for money that there would be moth
ing in the treasury with which to work
the property, if the purchase and mer-
ger were put through. Unless assur-
ances can be given that there will be
money in the treasury to work the prop
erty after this deal is consummated,
stockholders would be in no better posi-
ton thar they are now, and be just that
much more out of pocket. Promoters
are put to all kinds Of ingenious
schemes, sometimes, to make a showing
to stockholders. When they have no
money to work a property, or have no
property worth working, they often
scheme up some consolidation or
reorganization or anything to get
more money or to keep from explaining
why they are not working the property
they already own. Anyhow, do not put
more money into a mining scheme, I'M
less there is positive assurance that the
treasury will have plenty of money for
actual work. This is a general PROPOSE
ton.
T. G., Pittsburg.-The Goldfeld Sill
yer Peak Mining company, comprised of
local capitalists, operating in the Silver
Peak district, twenty-eight miles north
west of Goldfeld, is preparing to realize
on it's investment. A ten-stamp gold
a~malgamation mill is being installed
and will be in full operation by Feb
ruary l, 1909. The ore is free milling
and a saving of "a per cent has been
demonstrated by actual tests, thus in
surfing quick and economical reduction,
being independent of railroads, hauling
and smelling charges, a comparatively
low grade of ore can be milled at a
profit. During the past twelve months
the company has blocked out an i'm
mense body of ore, using the most mod
ern equipment and pursuing the dcvel-
opment work in a thorough and syste-
matte manner.
A. G., Stuttgart, Germany.-The
News prints two tables each week; one
giving the open, high, low and close and
total sales for the week, and the other
is the quotations for the call imme-
diately preceding the publishing of the
paper. Sometimes it happens, there is
no bid or offer at this particular call,
and therefore no quotation. There have
been weeks in which there were no quo
tire week on the Goldield board, as the
stock is not much traded in on the local
market, being very closely held. A de-
mand has sprung up lately, however,
and the last sales were above 81. 1t is
regarded as one of the very best invest
ment stocks on the board, but the specu-
lators deal in stocks that are more ac-
tive and fuctuate from day to day.
J. D. B.-We are unable to get any
more definite information about the
Gold Center proposition. We nave al
ways considered it, if not a fraud, a
badly involved proposition which would
not stand investigation. We wrote to
the Cook bank at Rhyolite, and they in
turn referred our letter to another with
the request that we be furnished the in
formation sought, but nothing more has
come of it. We have since learned,
however, that Lawton, the promoter, is
the subject of investigation by the post
office department, someone, evidently,
having charged fraud.
D. D. G., Philadelphia.-The linn
Florence had a very promising piece of
ground, and it was confidently expected
not only by the management of the
lease but by the general public, who
bought stock in the open market, that
ore would be struck of high value and
in good quantities. But through the
~perversity of nature, the ore body that
seemed to extend into their ground,
came to a sudden stop at or near
their line. Some little ore was pro-
duced, but not enough to speak of. The
lease was recently closed down, as not
enough time was left before the expira-
tion of the lease, to permit of opening
up further ground.
w. w. c., Springfield, Mass.-Both
gentlemen of whom you ask, stand high
in the business and mining community.
of Goldfeld. Smith was the first state
treasurer of South Dakota, and has
been in Goldfeld for a long time, where
he has a reputation for honor and in
tegrity. The other gentleman of whom
you ask is one of the substantial men
of the camp, financially well able to put
through anything he undertakes. He
has been in the mining business for
many years, with success.
". s., venedy, m.-The Rawhide,
T~arantula is beingeworked and has been
worked continuously from the time the
company was first organized. The shaft
IS being sunk from the 100 to the 200
foot point. At the l00-foot level, con