Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1908-05-04

RAWHIOE MINING "
stock is selling on the New York
Curb from $1.75 to $500 was origi-'
nally offered at Csc, jumping in a
night to it's present price.
Rawhide Consolidated has made
very fine showing, and some very
fine leases. The stock was put on
at 25c. and is now selling at par, 81.
These three, the Rawhide Mining
Company, the Rawhide Queen and
the Rawhide Consolidated, are
among the best properties on the
camp at present Tire others are
coming along rapidly but are not
equal to these three.
The Kill Group, just north of the
Last Chance, has uncovered a ledge
giving sensational values, and the
trend of this ledge is directly at the
end of the northern part Of the Last
Chance, our property.
The Red Top Fraction, lying east
and adjoining on the east side, has
opened up some splendid ore, and
the Microbe Fraction adjoining the
Last Chance, also the Possible
Fraction, are in ore.
w. l.. 3. From indications from
the ore bodies, do you believe this
to be a permanent camp?
A. w. C. I certainly do, and my
opinion is backed up by some Of
the greatest miners of the West. 1t
is not pocket mining like some Of
the new camps. AS you go deeper
you find better ore. Proof of
this is found in the shaft by the two
kearns leases, No. l and No. 2, and
by the St. Ives lease which we own
ourselves.
In the st. Ives lease property the
surface rock gave returns of about
SO. The ledge at a depth of about
SO feet gave an average return OF
$50. At IS feet 4 inches, $1,000.
One of the most noted experts of
the West has stated that Rawhida
starts on the surface where Goldfield
did at the depth of 300 feet. This
gentlenan's name is withheld, but we
will say that he is prominent
geologist and also president of one
of the banks.
Another man who has spent his
life in the mining camps of Nevada
said if Rawhide were sailed it would
take all the gold in the world to do
it,
The proof of our being in the camp
early is that we have the name of
Rawhide So many have gone in lately
that every piece of ground within a
radius of 10 miles has been staked
out Thousands of claims are
staked out outside the belt within
radius of 10 miles. They are in the
Rawhide district, but not now In
the proven gold belt.
There were one or two tents on
our ground when the property was
bought. Today the town covers
our ground. The main street passes
through the centre of our claim.
This ground has been called the
"Mohawk of Rawhide."
w. L. b. How soon do you ex-
pect your company will be shipping?
A. w. C. From the present show
ing the company should be shipping
at a very much earlier date than the
average mining company. The Raw
hide Company is absolutely free from
debt.
w. L. B. What is the capitaliza-
ton?
A. w. c. 100000 shares, par value
$780,
100000 shares are offered to the
public. There are, however, 100000
shares in the treasury but it is un-
likely that the company will care to
sell any more stock.
The stock is traded in on the
Boston and New York Curb, and
the first important shipment will put
the stock above par. At the rate
at which the ground is being opened
up. and the sensational values being
disclosed, makes an early enhance
ment of the value Of this stock, very
probable.
brought the proposition East
and had no difficulty in getting
some Of the best possible backing in
Boston. Should the names be re-
vealed it would create a sensation in
Boston.
W. L. p. Do you really believe
the stock will be selling at 75c. to
81 in q month or six weeks?
A. w. c. I don't see any reason
why it shouldn't. Considering the
very small amount Of outstanding
stock, any manipulation or any
activity in the stock based on some
new report would put the stock very
high.
The panorama shows Rawhide as
she appeared February /, this year,
some three months later than when
we went into the camp At this
time they had 5000 people; today
there are from 5000 to 10000.