The silver state news. [volume] (Winnemucca, Nev.) 1907-1909, 1908-05-07
A BIC ORE
SHIP PMENT

A forty-ton ore shipment from the
Seven Troughs Mining company, was
made from Lovelock last Monday-Io
he Selby smelters. of the American
smelling and Refining company, while
about one ton of high grade that is
expected to bring nearly 100000, was
alipped by express to the same COM
pany. To fill the forty-ton car that
had been set out at Lovelock to re-
ceive the ore, only about half of the
ere thu. was stored here was requE
I'd.
Mine Superintendent Ellithorpe has
gone with the ore. He will witpess
the sampling at Hazen and. them go
with il to the coast and remain there
until the check sampling has been
done at the sampler at the sineter.
While the ore that has been ship
ped will be sampled and assayed at
Hazen, states Manager Friedman, we
hall not release the figures ON the
ore until the check sampling at the
sneltef has been done and we know
Just exactly what we are going to re-
eivc from the shipment. But / prom
;se yeu now that just as soon as |
know what the ore is going to bring,
you shall have the correct figures, no
matter what they are or how mucn
;hey represent.
Mr. Friedman in an interview in
salt Lake City said that he had been
advised by letter from Provo that the
Knight intertests in the company with
the exception Of Mr. Lester Mangum.
who still retains his original interest
IN the company have sold out and
~, 4t.tr
POSITIONS to the directorate. Uncle
Jesse Knight. his son, j. William
Knight and r. f. Allen have notified
Nj Friedman that they are no longer
stockholders, and as all the directors.
rs Jesse Knight as president and r.
y Allen secretary and treasurer OF
the company. they will all step down
and out as soon as the books car be
audited and meeting called for the
reorganization Of the board.
81 don I want the impress on 10 70
cut that there is the least friction
o. the least suspicion of i'll feeling ex
isting between myself and the Provo
members of the bord of directors,
said Manager Friedman = Neither do
| want anyone to get the idea as has
been repeatedly suggested to me dur !
ing the few hours that | have been 1
in town that | feel sore or piqued over /
the fact that these interests have been /
selling their interests. They put their |
good money into the proposition at the /
beginning and they have a perfect +
right to sell If they want to. In the .
reorganization of the board the three +
vacancies to be filled will be select
ed from among the heaviest stock 4
holders in the company, and | am sure
that Mr.. Mangum win remain on the
board. As soon as these changes are
made the main offices of the company
viii be removed to Vernon, but
transfer Office will be maintained in
this city and the majority of the board
viii likely be Salt Lake men,"
Thus comes a double change in the
affairs of the Seven Troughs company
that should mean much higher price
for the stock and within few months
the entry of the company into the
dividend paying list. The company is
now prepared to. begin heavy ship
ments and the danger of the market
being constantly fed with unlimited
stock are the things that. are sure to
bring a change and while it has been
some time coming to that point, all
the shareholders are now in posi-
tion to celebrate the event.
THE shaft of the company said
Manager Friedman, lis down $50 feet
and we shall proceed 80 sink it zoo
feet deeper just as soon as the. cable
arrives for the hosting engine. No
stop will be made until the 750 foot
mark is reached, when a rross-cut will |.
be run to the vein and the ore opened
up. The ore in the lower workings
indicates that we are just reaching the
zone or secondary enrichment. and 4
am ready to wager that we will have
richer ore and more of it at the $50
level than we have in any part of the
mine above it.
Now, let me say word for the
camp in general, and will cease
talking. First, | want TO predict that
in eighteen months from now the big
Seven Troughs district win boast more
dividend paying mines than any other
district in the state OF Nevada, bar
none. | have not had a great deal
to say about the district, bat what
| have had to say has usually been
viewed with suspicion, modest as |
have tried to be- and it is now time
for me to declare myself. In order
TO impress the value Of our district up
ON the minds of all doubling Thomases
this offer is made:
II will wager any amount from
81 to $4,000 that | can show more
high grade ore, more higher grade and
more of il, during a twenty-four hours
trip through the Seven Troughs dis
trict, than all the other gold camps of
Nevada can show in month. i don't
know what more / could say to EN-
phacise the magnitude of district
that has been brought to the front on
merit alone, unless 1t is to add that
if anybody thinks that this is bluff,
all that is necessary to prove it is to
put up the money and call my hand. -