The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-01-04
(By w. p. De Wolf. Special Representa-
tive of The News.)

tI1I 1t VIVA
tive of The News.)
Manhattan, New, Jan. lit Is a de-
cidedly satisfactory balance. the one
struck by Manhattan on December
s1st. at the close of business for the
year 1907. The tally is even more graf
flying than the most ardent supporters
of the camp had dared to hope,
stamps the future with the seal OF sue
cess. Considering the dearth of money
and the half-hearted support handicap
under which Manhattan made the run
ming during the tweivemonth just closed
its showing at the finish is well above
average and presages the ultimate cap
ture of the futurity stakes.
The summing up of accounts was APP
preached with considerable trepidation
by even the most sanguine: not. now
ever. through doubt of the camp
had really accomplished. but from fear
that the showing would not be as APP
parent to the outside public as to the
little band of mining men who have ever
been loyal to the district and mistaken
in the conviction of Its mineral worth.
The showing is particularly agreeable
to those gentlemen. and tends to inten-
sify their faith in as promising a gold
proposition as ever lured men afar into
the wilderness.
TIE DEBIT ACCOUNT
The file of bills payable Is somewhat
formidable, and II was this feature OF
the annual report that caused the ac-
countants so much uneasiness. 1t Is not
altogether free from scandal, but such
as there be was for the most part
brought forward from the year previous
1t is no less a debt for that reason, how
ever. and is, therefor. given place in the
debit column. In detail the account
reads as follows: Expense incurred in
mine development; monies owed on
stocks formerly sold at prices at that
time In excess of anything but the pros
pective value of the property represented
thereby; sums due that portion of the
investing public which has been gulici
by purchase of shares il wildcat Man
haitian mining companies.
1t is to the last mentioned item that
the greater portion of the scandal be-
fore referred 20 attaches. There is a
chance tina a small portion of this de5t
may be paid by tht making good of what
is now considered mining acreage of lit
tie or no value-a floating chance. That
the debt will ever be paid in full-NO.
The inflated value at which Manhattan
shares sold Is a subject on which much
of credit and discredit might be said re-
garding all parties to the transactions.
1t is a certainty that not a few of such
shares will ultimately command ready
sale at prices in advance of the highest
thus far reached, and that the price will
not be out of keeping with the actual
value of the properties they represent.
Regarding the amounts paid out for
mine development 1T can with truth be
said that they have been utilized for the
purpose intended, and for the most part,
judiciously and economically.
THE ASSET ACCOUNT
Offsetting the list of Manhattan's
debts is a very compensating array of
assets. Included therein are a number
of mines and near mines of established
worth; a generous sprinkling Of pre-
ferred prospects of unquestioned value
and a swollen list of prospects of prom
Use. A prominent place Is given the re-
Gently established milling industry. Be-
fore another year rolls around the latter
will be as closely identified with the
mining of ore as the ledge itself. The
Of assets is as follows: Mines
Consolidated, Thanksgiving. Mustang,
Granny and Wolftone. Near mines
Otero, sepler-Humphrey, Little Grey.
Stray Dog, Union No. 4, Crescent
Eureka, Original Manhattan, Union No.
9, Mustang Extension, Pine Nut. Indian
Camp, Gold Crater and Mineral Hill.
Preferred prospects-Broncho, Combina-
ton, Monitor, Standard, Atlas. Big Chief,
Red Top, Thelma, White Caps, Earl.
Turtle Dove, Virginia, Kewanas. Brey-
Silver Pick, America, Annie
Laurie Yellow Horse, Buffalo. Gold
King, Joker. Crescent. Gold Wedge,
Giant, Whale and Consolidated
Extension. Promising prospects-Ivan-
hoe. Zanzibar, Amethyst, P~aymaster.
T%readwell, Sedan. Belmont. United
Bob Roy, Happy Hooligan. Cow
Mayfower, Mustang Annex, Gold
Crest, Gold Ridge. Gold Reef, George
group and Desert Queen.
THE MINE RECORD
For the mines it can be asserted with
good foundation that the Consolidated
heads the list in point of ore blocked
out and on dump. n in the average
value of the gold content contained
therein. Eliminating the probable loca-
ton of the apex of the Mustang-Thanks-
giving ledge, the Thanksgiving mine
ranks second. taking into account that
important factor the Mustang would oc-
second place and the Thanksgiving
drop down a notch. 1t Is impossible to
direrentiate between the relative merits
- <Lo uyoIfto,a onA Crannv aStafQG. |
Both are Al mining propositions and
may be depended upon to be a~bundantly
during the present year.
The average grade of the quartz now
going to mill from the Consolidated Is
a trife in excess of $40 gold the ton.
the output is at present coming from