The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-10-10
M. p. M. Athens. Pa IA.

~ No"'a'e". III was a~fterwa,a
given to local people, and a Roc
syndicate took over the leasa
agreed to back it and furnish an g,
necessary to carry on work.
pany was organized and the Collie,
people were given stock for thai.
terest in the proposition. The Ro.,
people have furnished some a. ooo
which was expended on a good
and IN sinking a two eompartmer,
shaft to about $50 feet. Lately
have failed to remit necessary
and work is suspended. In the tr.u-
action, the Boston people agreed 70 ~
change the stock of the new comn,nu
for stock in the old, share for sb,ra
though there was no legal obligation
compelling them to make such e,noo.
%sions; but the Goldfield people eous;J
cred hat as considerable WORK H.,
been done on the property with moro,.
of innocent investors and they h..
been jobbed by the old company own
ing the lease, that they should still 70.
tain an interest in the lease. II w.s
purely a voluntary proposition ON ,ho
part of local men who Succeeded
the lease. Unless money is fortbcom
ing from Boston shortly, the local nro
motors of the lease will ask that il h.
forfeited. All promotion stock in tbe
new company was pooled and we do no,
believe that any stock was offered ,bo
public, so that no one was hurt. cxcon,
the Boston syndicate, who furnished
the money, we understand, from tbo;r
own pockets.
R. s. ", San Francisco, and Others
The Manhattan Gold Wedge propertv
is being worked by two l~easers. one .
placer lease and the other on the shat,
The placer lease is not doing very
much at present because of the lack of
water. The shaft lease has not shown
up ore as yet. 1t is the intention Of
~ toiiBahN VIZ aIt iilOI Iltu, 10 sell
sufficient amount of treasury stock. of
which there are nearly $780, 900 shares
ON hand, to resume work on comnanv
account. When the company closed
down, they were badly bothered with
water, and no money to buy a pump.
ing outfit. The company is out of debt.
and the management good. The officers
are: John %Salsberry, president; AL Re-
vert, secretary and treasurer, and A. H.
Deal, of Manhattan, manager.
J. F. W., Wheeling. The Goldfeld
Nighthawk company owns "A good prop
erty in the heart of the Goldfeld dis.
trict, called the Nighthawk, as well as
other acreage. Considerable work was
done ON the Nighthawk, and the as.
sessment work has been kept up on the
other properties. We understand that
DIR. Enloe, the secretary, is now in the
east attempting to replenish the treas
ury so that the company can resume
active operations. Work is going on
all around the Nighthawk claim and
there are producing properties in the
immediate neighborhood. The Night
hawk is Joined by the Booth, Columbia
Mountain and Orc properties, all favor
ties in the camp and on the market.
D. A. T., Chicago and others. Our
reference to a Jumbo Extension divi-
dend a few issues back, must nave been
misleading, as we have received several
letters regarding it. We answered the
question put to us at that time, cate
g~orlcally. The question was, has the
Jumbo Extension paid any dividend
since January l. Our answer was, that
1t had not. This apparently led to the
Inference that possibly the Jumbo Ex-
tension had paid dividends before
January l. The Jumbo Extension has
never paid any dividends, either since
or before the time named.
E. E. M, Bangs, o. The Goldfeld
Silver Pick is not working its ground.
Some work is being done by lessees in
the southeast part of the estate, near
the Mohawk line. There is a big fault
running from Columbia mountain
southwest, between the Mohawk and
Silver Pick, and no ore has ever been
found west of this fault. OF course,
thorough prospecting might develop
lodges heretofore unknown, but 1t
would probably require deep mining.
v. e. p, R~eadsboro, VT. The Raw
hide Leroy Mining company owns a
group of claims half a mile south of the
lioyal-Tiger estate in Rawhide district
Senator Pyne, attorney for the com
pany, informs The News that no de-
~velopment has been done on the com
Fany, excepting the annual assessment
work. Two quartz leads cut across the
property.
w. O., st. Louis. The Pittsburg sif
yer Peak company is gradually clear
ing up its Indebtedness and will soon
be in good shape financially. The out
put of the mill is about 100000 pei
month. The ore being run through 'he
mill is graded down to about sl2 PEI
ton.
Several Iuuuirers. The ~Philadelphia