The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-04-11

p. i. o., New
Manhattan Dexter Mining company In
the latter part of 1906, segregated It's
large territory into eight dinerent
y and organized a separate com
PAW upon each. The parent company
became a holding company OF all the
stock of each company except the STOCK
hat was put in the treasury OF eaeh
company for its development, the idea
being TO make zach company develop IT'S
own ground from its own treasury. on
the sth day of December, 1906, the
narent voted to distribute the
assets Of the parent company among
original stockholders of the Manhattan
Dexter. but il was deemed wise, until
the subsidiary companies had SOLO
enough treasury stock for development
purposes. to retain the individual stock
Of the participants in pool, the idea
being that it would be easier to get a
good price for the treasury stock OF
the various companies were no IN
dividual stock afoat. The stock divi-
dend of these companies was issued In
the names of the various Manhattan
Dexter stockholders, and the shares are
now in pool. We have not been able 10
find out lust when the pool would De
dissolved and the stock released, as
correspondence with the company 8 OF
fee did not divulge that fact. Various
of the companies have shown marked
Improvement within the past year. Two
~leasers have opened up excellent ore on
the Manhattan Union Extension, one Vi
the subsidiary companies and enough
work has been done on the Dexter
| White Cap another of these companies
to put it in shape to ship milling grace
ore to the reduction works. The recent
important developments on the Iheima
property, are in the immediate vicinlty
and very close to the lines of the Dex-
ter Crown property. All litigation yer
property on Litigation hill in which
the Dexter people are Interested, mas
been settled by formal agreement, anu
altogether prospects are bright TOT
holders of Manhattan Dexter stock.
T. L. H., Gardner, Mass. We have
M data on the Sheba G.. & s. M. Co. In
Humboldt county. If you will give us
the exact name of the company. the
district in which it is located and the
names and addresses of some OF It's OF
fcers. we will undertake to get inside
information for you. At present we
have nothing from which to WORK
Nevada is a big state with thousanus
of mines and companies, and HUNT oiat
county is a long way of from our held
of operation. But we have correspond
ents in every camp and a way TO get
what is wanted, when we have some
thing to start from.
g.. p, Los Angeles, Cal. Silver Pick
Is not being worked at present, either
on account or by leasers.
while more than half the inside prop
erties of Goldfeld district have re-
sumed work, now that the strike Is
over and money conditions are improv-
ing, the Silver Pick has not yet gotten
into line. Gold Crown Silver Pick ex-
poets to resume shortly and other leas-
ers may follow suit. No large results
have vet been obtained on Silver Pick
ground, although the Won Polenz, Gold
Crown Silver Pick and Price leases
have each shown encouraging assays.
q. 8. s., Wilmington, Del. Patrick,
Elliott & Camp nave no Office in Gold
field at present. The firm has gone out
of business, claiming to have sold out
to NJ. B. O'Farrell, who afterward de-
camped and his whereabouts are un-
known to The News. l.. l.. Patrick,
president of the First National Bank
of Goldfeld claims to be r~eorganizing
the companies floated by the firm. He
is getting the Goldfeld Trotter and
North Star of Wonder shaped up for
resuming development work, he saws.
H. e. B., Elk City, Okla. None OF the
companies of which you ask are work
ing at present, although the Grandma
and Empress will resume soon, we are
informed. There is no work being done
on the Dixie, and no prospects OF Its
early resumption.
J. g. H., Louisville, Ky. We have no
data on the property you ask about,
but will look it up. Can you give us
any facts to start from, names OF the
neonle interested as officers. etcf