The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-03-14

ing partlcuiarss ohe VI the camp
greatest mineral discoveries has just
been made on the Grutt lease on the
wild West claim. At a depth of sixty
five feet a drift has opened up from
twelve to fourteen inches of $1,000 ore.
and it seems the deeper the drift pene-
trates the ore-body the richer the
gangue becomes. The ore resembles in
every particular that opened up in the
time ago. Samples from the ore-shoot
shown around town are literally half
gold. and although fire tests have not
that it is safe to say that the entire
vein averages $1,000 a ton. With -four
feet of h~igh-grade shipping ore in the
glory hole. a large body Of good ore
on the Grutt Lease No. 2 and the ex-
traordinarily rich find just made. the
Wild West claim itself now takes rank
with the big of the district.
The vein has a nortneasterly and
southwesterly course and is marked
by unusual strength clear across the
- D.* A-A 1AHttafinn
can be made from the foregoing ex-
hibition, and that V that the ore
showings at or near the surface on the
group of the Rawhide Coalition Mines
Company are staggering in point of
richness and frequency. II a series OF
great gold mines are not opened up on
this ground as a -esult of persistent
development work by the leasers and
by company work, which 1t Is an
nounced will begin at once. then
Nature must have despatched this
ground with a lavish flow of the
precious metal only to have later re-
appeared and removed 1t. leaving only
it's many traces. For several weeks
we have been aware of the fabulous
showings on this property and have
tried to doubt our W eyes. We have
= A. G<Arvfauu untnron0 nf
Aspen, of Leadville, Of Cripple
Creek, of Goldheld. of Nome n even
of johannesburg, whom we have met
on the ground, but have failed to hnd a
single dissenter from the general pre-
vailing opinion that the Rawhide Coali-
ton Mines Company owns the biggest
poets that has been disclosed to view
in a compact area of $50 acres in the
history of American mining. This
corporation is capitalized for 5000. 900
shares OF the par value Of 81 each.
OF these $50, 900 are in the treasury. The
president of the company is E. w.
King. who is also president Of the Raw
hide Queen Mines Company and of the
Rawhide Balloon Hill Mining Company.
The vice president is W. J. Smith. a
- - Hl.on -ADavno, |
from California, who has been identified
with mining for many years. Tit treas
urer is Moritz Scheeline. for many
years vice president of the Bank of
Nevada in Reno and now president of
the Scheeline Banking and Trust Com
pany of Reno. r. M. Van Dorm, one
of the pioneers Of the camp and a young
man of sterling integrity. is secretary
and one of the principal owners. Not
a single share of this stock has yet
been released. Not a share has been
offered for subscription. Those among
the directorate who own the control
have tied up their stock in escrow in a
way that makes 1t absolutely impossi-
BILE for them to withdraw a share of
their holdings for from twelve to
eighteen months from date. They be-
lieve their holdings will make them
multi-millionaires within that period.
We have offered to u~nderwrite for the
clients of Nat C. Goodwin & Co. all of
the treasury stock of the company that
is to be sold. We have been allotted
$50. 900 shares, and have an ironclad
agreement that for six months from
date of March 18th no more treasury
stock shall be offered. The subscription
price for these shares is par. 81. and
there is no doubt In aur mind that the
$50, 900 shares for which we have
spoken will be taken up by readers
of this Fortnightly Market Review with
in q few weeks of this announcement.
We advise all of those interested to lose
time in writing uA their reservations.