Los Angeles herald., 1909-10-19
BANKERS BUY
BONNIE CLARE
TREASURYSTOCK
DIRECTORS ELECT NEW BOARD
MEMBER
ORDER EXTENSIVE WORK IN THE
MINES
Company Has Forty Thousand Dollars
in Treasury and Ore Worth
Million and a Quarter
in Its Mines

With $4,000 in its treasury and ore
to the value Of $1,39S, 700, net, blocked
out in it's several mines, the New Bon
ME clare Mining company has begun
a campaign of development work and
the reduction of its ores into gold bull
lion which should win for it a place
with the regular dividend paying mines
of the west. The company has ordered
six carloads of machinery from the
Allis-Chalmers company of Chicago,
and the first car will be at the Bonnie
Clare railway station in Nevada with
in thirty days.
The machinery is for the mill, which
under the direction of Andrew J.
Trumbo, general manager, and S. F.
Owen, vice president of the company,
who has been building mills for fifty
years, will be converted into modern
plant of 100 tons capacity, this to form
the first unit of a 500-ton mill, which
will treat custom ores as well as the
output of the Bonnie Clare group OF
developed mines.
Branch Road Is Assured
The spur track from the mill to the
mines, a distance of seven miles, Will
be built by the Tonopah and Tide
water without delay, according to Mr..
Luckhardt, mining engineer of the
road, who was in Los Angeles Satur-
day and stated to an official of the
company that he would so recommend.
AS there are no heavy grades or rock
work, and the company has rails which
will serve for this work, it is hoped
to have the road ready for operation
by January 1 of next year. when the
mill will be completed.
The machinery for the mill consists
of 10 additional stamps, a tube mill,
four Deister slime tables, four Wilfleys,
a complete agitation system and prob
ably an Oliver filter press. This lat
ter will be determined by Mr.. Trumbo
and Mr.. Carleton. who will test
small lot of Bonnie Glare ore at Grass
Valley, Cal, where the Oliver press
is in operation.
J. Ross Clark, president of the L.
V. and r railroad, which reaches Bon
ME Clare station with its Goldfield
line, is also taking an interest in the
spur business, and has wired one of
the engineers of the company at Je-
rome, Ariz., to go there at once and
make a report on the tonnage. It Is
not improbable that there will be keen
competition over the business of the
Gold Mountain district which has
other good mines besides the Bonnie
Clare. That company will sign up
with the first one of the railway sys-
TENS which makes good and agrees to
deliver 100 tons of ore every twenty
four hours for two years. AS Mr.
Ryan's engineer has reported that the
company is able to make good on this
contract there should be no further de-
lay in the matter.
Arranges for Electric Power
The Nevada and California Power
company, which supplies the electric
fluid for southwestern Nevada from It's
five big generating plants along
Bishop creek, owens valley, Califor-
MIA, has agreed to tap the Bullfrog
transmission line at a point five miles
from Bonnie Clare and deliver 25O
horsepower to the company. The indi-
Vidual motor system will be installed
and the several motors have been in
cluded in the order given Aills-Chal-
mers.
Aside from the development of the
1easers, of which there are five en-
gagged on the different mines, the COM
pany will start extensive work on its
own account and will enter the inter-
esting sulphide zone, which has been
barely penetrated in the deepest work
ings of the Rattlesnake mine, at a
depth of $50 feet. Leasers are now
engaged in loading five cars of
good grade of shipping ore, which
must be transported by wagon to the
railroad.
Status of Old Stockholders
Under the terms of the agreement
by which the New Bonnie Glare COM
pany took over the obligations and
assets of the old stock in the new
company was to be issued to the share
holders in the company which it sue
ceeded, at the rate of one share of
new for three of the old issue, as soon
as patents to the ground were re-
ceived Application has been made and
It is expected that the patents will be
given by the first of January, as there
were no adVerses filed. The stock now
quoted on the exchange is the issue
OF the old company
One of the valuable assets of the
Bonnie Clare consists of 5000 tons of
tailings, from the mill now being re
built and from the old plant which was
operated by Chiatovich at Thorpe s
Wells. Mr. Trumbo states that this
lot of tailings can be depended upon
for an extraction Of 81 per ton.
Directors Elect New Member
The directors of the company held an
important meeting Saturday at which
George w. Walker, a director in the
Broadway Bank and Trust company,
which is treasurer for the company,
was made a member of the board Mr.
Walker and w. I. Hollingsworth, a
large dealer in real estate and a di-
rector in the First National, have pur-
chased a large block of treasury stock,
supplying all the money which the
company will need to carry out it's
plans.