The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-04-25

w. H. NJ, Rockford, Ill. We do not
take blocks Of stock for sale. This Is
not a house organ, promotion sheet
nor has it a brokerage department. III
is a straight mining newspaper. The
Goldfeld River Bend company, IN
which you hold stock, may have good
ground, but so far has not demonstrated
it, and the literature put out by the
company is so full of misleading state
ments as to put the whole proposition
under suspicion. For instance, the state
ment that the property is in the 'Goid-
field district is misleading. While
within a few miles of Goldfeld, IT IS
not in the Goldfeld district proper.
The district embraced in the ofhelal
map covers a territory of about elght
miles square, but the River Bend does
not lie within this area. Their prop
ertv lies to the west of Goldfeld out
side of any producing section. The
statement that the property rs sltu-
ated in the world-famous Goldfeld dis
triet. surrounded by proven proper
ties.' is nothing more nor less tnan a
brazen falsehood. There is not a pro-
ducing mine within three miles OF the
property, and no work being done IN
that neighborhood, to speak or. Inc
statements about the January Jones
property ~"adjoining u.s. are pure
f~abrications. The Jones property,
known as the "Sassy SAL was one OF
the biggest wildcat propositions ever
floated from Goldfeld, and not a hex
of work has been done on 1t for years
We do not saw that it is impossible to
make a mine in that region, for no one
knows what is under the ground; but
if the Sassy Sal were such a property
as this circular you send us shows, IL
would have been worked right along
and become a great shipper. Consider
ing the long time this company has
been organized and the amount OF stock
that must have been sold through their
vigorous advertising campaigns. the
work done on the property does not in
dictate that the company was organized
TO mine. but to sell stock. for in their
literature they boast of only a oo-foot
shaft What the company property
is in "Yavapai county, Arizona we
do not know.
Since the above was written, we nave
received through a reputable brokerage
house, a circular letter sent out by +
G.. Kullman & Co., 6S Wall street, New
York, asking the brokerage house TO
take an option on a ''few hundred
dollars WORTH of the River Bend stock
at 5 cents, selling price Ito the publlc)
Is cents. Kullman & Co. are eastern
agents for the River Bend company,
whose Offices are at Rockford, Ill. III
the sub-agent in New York can sell the
stock at 5 cents and make a profit, as
he surely must, the treasury OF the
company probably nets one or TWO
cents. Probably this is the reason
that more work is not being done on the
property. This circular also states that
tour engineer has just informed us
privately, that there is an enormou
ledge Of 800 shipping ore on the prop
erty; that the pay streak in the bottom
of the 6O-foot shaft, discloses $l2,0OO
ore,' etc. Also, "The Nevada Eagle
mine, adjoining on the south, is sack
ing $4,000 ore,' all of which are pal
pable and inexeusable falsehOods. The
more we get into this proposition the
more of a swindle it becomes, and the
nv
attention of the authorities will be
directed to it.
subscriber" Chicago. The Jack
Bell Gold Mining company owns a fine
acreage in the Yerington-Buckskin dis
trict. Very little stock was sold, prae-
tically all the ownership stock being in
pool. The company is offering treasury
stock through a Boston brokerage
house-the Inter-Trust and Security
eompany-to prosecute work. The com
pany had a lease on the Kennedy Con
~solidated, which showed rich gold crop
pings. After several thousand dollars
was spent. the ore turned into copper.
Copper is a first class product, but it
does not pay to lease On, especially
where it is mined at a distance from
transportation and reduction facilities.
Jack Bell is not actively connected with
the company any longer; he is leasing
in Rawhide. we understand.
G. w. D., Shenandoah, Pa. Party
asked about has been out of town for
some time on business. Have written