The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-12-05
M. B.. pes Moines, Iowa.-The OF

A4- -
fieers of the Goldfeld Merger Mines
company are: John Erikson, president
! and treasurer; AIban Bunch, secretary,
and T. G.. Lockhart, Claude Smith and
George A. Kernick, additional directors.
Exchange Of stock was made on the fol
lowing basis: One share st. Ives for
~ shares Merger; l of Velvet for Ia
Merger; / of Gold Horn for 3-5th share
of Merger; l of Patlatch for 2-5th share
of Merger. Stock should be sent to the
secretary, Alban Bunch, Nixon
building, Goldfeld, Nevada. A
great deal of work is being done OF the
Merger ground. The company has sunk
a shaft to the 600-foot point and is
prosecuting. This shaft is OF the Gold
Horn, and will be the main working
shaft of the consolidated properties.
There are s or 10 sets of ~leasers at
work, and the parent company has plen-
ty of money for all the work planned
by the company. A fine strike was
made near the surface on the Velvet
this week, an extended account of
which will be found in another column.
The stock of the company is low con-
sidering the merit of the ground. On
the other hand, it must be taken into
consideration that there are five million
shares in the Merger company, all of
which nave been issued except one mil
/ lion, which is reserved for the treasury.
With the present stock selling at six
10 cents, this would be at the rate of
80 cents on a million capitalization. BY
the way, if you have not sent your
stock in for transfer, do it at once, as
change of stock at the ratio given
above.
H. L. P, Pottsville, Pa.-The Colo
RADIO Bullfrog Gold Mining company
owns the Camp Bird claims Nos. l, 2
and 3, in the Bullfrog district of Ne
vada. These claims are still held by
location, but according to recent ao-
vices patent proceedings are under
way and nave reached the stage "where
all that is necessary to be done to Sc
cure receivers receipt is to make the
application to purchase Milton M.
Detch, the secretary of the company,
further says: "No work is being done
on this property, owing to the fact that
it has no treasury funds. There has
been considerably less than $4,000
shares of the treasury stock of this
company disposed of, and until the
financial condition is in better shape, it
will be impossible for the company to
do further work on it's property" The
claims are said to be well located.
R. L. R., Berlin, Wis.-An important
strike has been made upon the Mar
quette lease on the Talmage property,
and the first news of the strike given
to the public will be found in this issue
of The News, the management of the
property, up to this time having with
held publicity. What you report Mr..
H. saying to you in a letter, proves to
be entirely c%orrest, and this paper re-
CARDS the strike made as most import
ant, as it proves up the district much
further to the north and east than
heretofore. (2) The party of whom
you inquire is a man of character and
high standing and has been in the min
ing business for many years. His judg-
ment in mining matters is regarded as
very good.
]. F. s., Steubenville, o.-Mohawk
No. l Leasing company did extensive
work Oh the Mohawk, but failed to find
the "pay crack The lease has ex-
pired. The Burns lease, which adjoined
the old Lotus, Davis & Sweeney lease
hold on Combination Fraction, produced
some ore, but not enough to declare a
dividend. 1t has also expired. Neither
company possessed outside ground of
any commercial worth and both stocks
are now valueless.
P. E., MISUNDERSTANDING being
done on the Plaza Fraction or Stafford
K. We have been told by G. H. Hayes
recently, that he expects to return to
Goldfeld soon and start up the Gold
field Columbia, which owns the ground
IN question. (2) We are in entire SYM
pathy with you in your views as to the
INJURY promoters have done this camp
and the mining business, and we hope
the days of such frenzied fnancierinp
have come to an end. Promotions now
being put out from this camp are by a
Inherent class of men, of different
methods.
M. G, ~Conneaut, Ohio.-The News
has no information regarding the Doug
las mine at Nina. You probably refer
to the Nevada Douglas in Mason Valley.
This is heralded as one of the richest
copper properties in the world. A num-
Der OF profitable shipments have been
made. The property is being extep.
sively developed.