The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-10-03
G.. 8. T., Denver, Colo. and others.

C. s. T., Denver. Colo, and others.
The Stargo may be a good proposition
but the lurid way in which 1T is adver-
tised is enough to damn any legitimate
mining scheme. We are told, for IN
stance. AS one of the attractive features
Of the proposition, that cit is IA miles
south and l67 miles east of Virginia
CITY. New, in the identical formation
where the worlds greatest mine, the
Comstock. is located, and 45 miles east
and 90 miles north of the famous MO
hawk NINE" all of which goes to prove
that the Stargo, of course, is also the
making of a great mine, for IN sueh
- closev proximity to these famous pro
dueers. how could it be otherwises The
promoters, although there has not been
a pound of ore opened up through DC
velopment work, have already inquired
out an immense production and pre-
scented a dividend table hat certainly
warrants more than the price asked for
the stock, namely, 21a cents per share.
Their advertisement goes on to figure
the amount of ore that Will be pro-
duced from this "mine,' all inquired
from surface showings only, as the
work so far done has not opened up a
pound of ore. According to the ram
bow this advertisement paints, there is
about $1O0.0 900 awaiting the pur-
chasers of this 2h,cent stock, thus:
1.-THE ore body in the Stargo is sup
posed to be $500 feet long and go feet
wide and not less than 500 feet deep.
We estimate that it contains 42,452,5 800
tons of ore, and taking 80 per cent of
the average value, which has been
shown to be $21.30 per ton, as a basis
of estimate, we have the enormous total
of 1904, 23S, Then the promoters
thoughtfully figure out what DIVIDENDS
this would pay, thus: 1.-Two hundred
shares will receive dividends of $ll.oo
per month, or $40 per annum; 4oo
shares $23.32 per month, or $2So per
year. which is pretty good on an IN
vestment of So and $40 respectively. A
500 investment will return $4,000 divl-
dends per year on this basis, and $1,000
will bring in the comfortable sum of
$4,000 per year. But why not buy
$4,000 worth of stock and be worth a
million dollars in the course of four
years, or have an income of $2SO,00O
annually? This is like "getting money
from home,' as the saying is. Now, we
are not saying anything against the
property itself, but We learn that 1t
was "bought'' by the Stargo company
for $500, 900 shares of stock, par value
/ cent per share, and not a cent in cash
The promoters of the Stargo company
apparently like to deal in large figures
AS the original owner took payment for
his property in stock at l cent par
value per share, he evidently did moi
know the possibilities of his ground as
we'll as the promoters who have figured
it out that it will produce nearly
$780, O0, 900.
A. w. B., Los Angeles. Since our an
sweh to your inquiry last week about the
Goldfeld Gold Basin, we learn that
Frank Douglass, secretary of the com
pany has arrived from Indiana, and is
preparing to resume work. Last spring
a shaft was sunk IS feet and timbered.
This was as deep as work could be done
without machinery and it is intended to
add a hosting plant at once. The Gold
time ago. A new syndicate bought all
the stock of the old company, except
about $4,000 shares that were scattered.
The capitalization was increased from
100000 to 2,O00,O 900. The present of
fieers are VIM. E. Bolt, president, Cy-
clone, Ind, c. B. McClamrock, Kirklin,
InG., vice president, Bert Wills, Frank
fort, Ind, treasurer. and Frank Doug.
lass, secretary.
E. G. M, Denver. There are numer-
Gus Indications that the Wonder dis
trict is the beginning of a strong re-
vival of mining activity. Perhaps the
most important strike yet recorded in
the camp was that recently in the Ne
vada Wonder workings at the 300-foot
level, where a pay shoot carrying solid
ores across -four feet of the vein, and
giving high values in both gold and
silver, was uncovered. The manage
ment is more elated over this strike
than it was over any that has gore be-
fore; it is final evidence of the great
and long continued productivity of this
mine.
G. q. M, Salt Lake. Active work has
been started by the Goldfeld Apex Min
ing and Leasing company on blocks
nine and ten of the Goiconda claim of
the Goldfeld Consolidated Mines com
pany, two shifts having been put to
work under the supervision of General
Manager Frank Mcneil. The company
has been amply financed by Salt Lake
capitalists.
G. w. F., Pasadena, Cal. Two months
ago the Goldield Syndicate of this city
purchased control of the Nevada Rock
a.