The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-06-06

J. H. s., Macon, Ga. The Bullfrog
Rush hasn't been worked for many
months we understand-ever since the
rupture between the Sullivan Trust
company and DIR. J. Grant Lyman. Both
were interested in floating the stock of
the property and they got to fighting
over the spoils, seemingly, and each
charged the other with being a swindler
and exploiting a property that was "no
good" The property got such a hard
knock in this way, that no one has ever
undertaken to revive it. You have
reason to feel disguised over the out
come of your investments, but as a rule,
the fault has not been with the mines
themselves, but with the management.
One cannot investigate too closely the
management and personnel of a com
pany, in making investments. OF course
good business men ami practical miners
and engineers cannot make a mine
where no ore is found, but incompetents
and scallawags can ruin a good mine
and put its stock con the bum,' as the
saving is. Unfortunately there are too
many people, seemingly reputable, who
no sooner get hold of a good mining
property, than they begin to play the
stock and work the public instead of
the mine. OF course, there are notable
exceptions to the rule. Investigate be-
fore buying stock, and not afterward.
We are constantly in receipt of letters
reading tins: "I have bought so
much so-and-so stock. Please tell me if
it is any good and if the officers are
honest" etc. People do not use the
same prudence in making mining invest
ments that governs them in other bust
ness affairs, for some reason or other.
4. G. H., GAINESVILLE, Wis. We have
repeatedly made reference to the Ne
vada GoTdferd Leasing company and its
affairs. We print the following for
your benefit and that of scores of others
who have made similar inquiries, as
coming direct from George Vickers, ex-
planatory of his relations with r. l..
Bernier:
"The Mohawk Florence, Mohawk
Gold Bar and Mohawk Daisy companies
have been consolidated into what is
called the Nevada Goldfeld Lease COM
pany; capital, 100000 shares, 100000
shares being added to the consolidated
company. There is now in the treasury
somethink over 100000 shares. Assets
of the consolidated company are about
$13, 900 cash in banks and about $4,000
worth of machinery.
"The r. L. Bernier company sold the
treasury stock for the development of
the three companies that are now in
cluded in the Nevada-Goldfeld Lease
company. No treasury stock was sent
to the Bernier company without draft
attached, and it was all paid for by
him. Our agreement with the r. l..
Bernier company was that we would sell
him the stock at a certain price, and ne
could sell it or hold it as he pleased,
but he was in no sense our agent. lie
seems to have specialized on the stocks
of the three leasing companies, and mas
been short on the stock. This is being
taken care of out of the holdings of
Vickers.
"The management of the consol-
idated company expect to begin the OPP
of at least two leases within the
next 10 days. One of these leases is ON
the Gold Bar and the other on the
Extension
c. W. D., Harrison, Ark. The
Mohawk is operating a good
upon the Combination Extension,
and the mining community is watching
its progress with interest, as it is ex
to prove the course of the veins
from Little-F Florence hill. The
company claims in the east part of the
have a shaft down $50 feet,
and drifts have been extended from the
500-foot point. The market quotations
are about IL bid and none offered. The
price You state may be slightly above
tho market.
r. M. T., Seattle. The Goldfeld Vie
tor Mining company was originally
based upon four claims in the Goldfield
district, but later one of these was sold
and the proceeds used to patent the
other three-known as the Victor, Vie
tor No. l and Occidental No. l.. These
have now been patented and are
held in the name of the company. No
work, however, has been lone for the
past year and a half, the reason given
by the management being their in
to raise funds by the sale of
treasury stock.
T. F. N, Cincinnati. The Florence
Consolidated is operated by 6. s. John
& Co., and not by George vickers.
You have named either the wrong man
or the wrong property. ts) Nothing
doing ON the SaRdsterm Extension
Chief owners live at a distance and are
doing nothing on the ground. (s) Lou
Dillon, one of the Sullivan promotions.
has not workad since the Sullivan fail