The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-01-09

M. p. NJ, Athens. Pa.-The Combina-
tion Florence Mining and Leasing com
panv was organized in this city some
two years ago. by W. NJ. Erb and Others
20 work a block of ground on the Com
bipation No. . mining claim. Parmeter
Kent. who then owned and published a
nromofion paper called Gossip, un-
dertook to sell the stock through ms
paper. He did sell a few thousand
shares. we are told-not, perhaps, more
than 10000. Some work was done, but
NOT enough none was taken in to con
tinue long. The lease was then aban-
doned, the top equipment sold, Parmeter
Kent skipped the country and his paper
Gossip suspended publication. Inc
lease was forfeited to the Consolidated
company, owning the ground. Later,
some time during the past summer,
Charles s. Sprague obtained a lease
upon the same ground with w. M. Erb,
for some Boston people, who claimed to
have all kinds of money and were go
ing to do big things. The Puritan Min
ing company was organized by this Bos-
ton syndicate, and Sprague and Erb
were given promotion stock in payment
for the lease. Sprague and Erb, how
ever. made it a part of the agreement
that the new company should take care
of the stockholders of the old company
who actually bought their stock, and
whose money did the work on the block
pany would have the benefit. This was
agreed to by the Boston concern. All
the executive officers of the Puritan
were in Boston, such as presi
dent and secretary, and they took all
the books there and were to finance the
company from that city. All the pro-
motion stock of both Sprague, Erb and
the Boston promoters was to be pooled,
so that nothing but treasury stock could
be sold. The Boston people sent out to
Goldfeld about $11 900 which was all
spent in equipment and in the ground.
Then, for some reason never explained,
money ceased coming. A quarrel broke
out among the Boston people, as we
have since learned, and they practically
threw up their hands. They quit work
owing quite a little sum, and later the
equipment was sold under attachment,
and the lease forfeited by the Puritan
company, the Boston hackers of which
paid little or no attention to the lease
from the first, only sending money
periodically, to keep work going. Since
then nothing has been heard from them.
In the meantime no promotion stock
was ever issued from the stock books
so far as we know, and we are of the
opinion that no treasury stock was sold,
the money furnished coming from the
pockets of the promoters. Anyhow, the
holders of stock in the old company
Coordination Florence company will
not benefit by the good intentions of
Erb and others, as the stock in the Puri-
tan company is now worth no more than
the stock in the old Combination Flor
nee NJ. & l.. Co. Both outfits are
wiped off the face of the map
T. M. R., A1buuuerque.-There are
other turquoise mines in Nevada owned
by the Tiffany's besides that referred
to last week. This famous jewelry com
pany has mines in the Crescent district,
Nevada, in the remote southern part of
the state. A week or two ago a 300
pound shipment of the finest turquoise
was made from the property known as
the Woods Turquoise mine. This
mine, now owned by the Tiffany s has
had a romantic. career, murder having
beon committed on it's soil in dispute
over possession. One specimen of tur-
quoise from this mine was valued t
$1,000. The mine adjoins property
owned by the S~earchlight Gold Extrac-
tien company, of which l. j. Wood
worth, Goldfeid, is manager.
N. H. NJ, Whiteland, Pa.-No work
has been lone on the Florence Gold
King Claim lease for many months. The
company got heavily in debt under the
Gatzen management, and Robert Cap
pelie, of San Francisco, the largest
stoekholdor, came to Goldield to try to
pull the lease out of the hole, but after
working awhile, he returned to San
francisco with the view to- raising more
money. The lease is still held open to
him by the Florence company to allow
of a chance TO get it on its feet aga in,
and if possible, save something to
stockholders.
I. M. W., Los Angeles. There is little
doing on the Stamford Nevada Mining
company property. Considerable work
has been done in the past but nothing
aore than assessment work done within
the last two years. The officers of the
company are A. II. Miner, president,
Alfred 5. Pitts, vice president, j. w.
Hendry, secretary and treasurer and
Edward +. Lockwood, director. Adj
dress Stamford, Connecticut Write to
any of these in regard to stock.