The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-10-09

sessments on the various Comstoc
properties TO unwater the lower level
We have raised through assessment
during that time 100000 for what
called the Ward shaft, which at a dept
of 5000 feet will drain what is know.
as the Gold Hill mines, and will ais
relieve the pressure upon pumps whic'
are now draining the Consolidated Viz
ginia, Ophir, Mexican and other mine
of Virginia City. We have raised il
the last five years 100000 to repair tn,
Sutro tunnel and at least 100000 t,
prospect the different mines on tn
Comstock lode, and have only one min
today, the Ophir, that produces suffi
cient to pay more than its expenses
Certainly we are spending all thi'
money because we have great faith il
finding new ore bodies on the Com
stocks, and for that reason we ar,
spending all the money. But | ask you
do you think the people in control of tho
Goldfeld Consolidated and Florence
mines could raise 81, 900, 900 amongst the
stockholders of adjoining properties foi
the purpose of developing themg
doubt it. In fact / am positive that
most of the stockholders when called
upon will say, why should We put up
George Wingfield, Tom Lockhart and
others interested in these big mines
have made lots of money and they are
holding large blocks of these stocks.
Let them put up. They cannot get us
out anyway and if they find anything
we are in for it, and if they find moth
ing we are out nothing. They consider
themselves very smart in either case in
not having spent any money for the
that the veins would not extend iuto
that property they would say, in case
nothing is found. That is the way
human nature is in most cases, and none
of us can change human nature. /
feel that the proper way to conduct a
mining business is that everyone who
has an interest pays his share toward
the development, and that if he does not
care to put any further money into the
proposition that he will either sell out
or the company will take his interest
back.
No Ja,If , ,raaf nan- ,u;ll olyopa,
the argument that if the company is on
the assessment plan, the insiders are
able to put up jobs, cover up ore bodies
and assess the people out of their
shares. My answer to you on that
point is, that when you have dishonest
directors, no matter whether the stock
is assessable or worcestershire, cuts no
figure as regards freezing out the min
GRITTY stockholders. If the directors
want to be dishonest, they can run the
company into debt, have the property
sold by the sheriff and have a con
is very hard to guard yourself against
dishonest officials. For that reason you
must try to elect men as directors who
are known for their integrity.
Gentlemen, when you are going away
from here, go to Virginia City, see for
yourself what we have done since we
started in to unwater the Comstock
mines. Go down the Combination Viz
ginia shafts, see the great Reidler
pumps installed on the 2100-foot level,
pumping 10000 gallons of water per
minute, see the amount of big footage
of drifts we have reopened. Then ask
the superintendent in charge of these
mines how did you raise all the neces-
sary money to accomplish all this work!
And his answer will be, through assess
ments. If you then do not 60 away
feeling that you should go back to your
people interested in mining, to go and
take a leason on the Comstock way of
opening up mines by raising money
necessary through assessments. | say
if you don't, then | will admit that !
have wasted my time in giving this
matter any thought at all.
Gentlemen, / predict here right now.
that if the parties in control of the
Goldfield mines will change their sys.
TEN. and adopt the assessment plan,
that inside of two years you will wit
ness the greatest rush to what will be
called the Great Camp of Goldfield, and
if / am alive / shall then have the sat
isfaction of knowing that my talk to
you today was for some benefit to the
human race, as you all know that gole
is the stuff that enables us to buy thu
comforts of life. Gentlemen, i could
talk to you for hours about my thirty
years experience as a broker and hv'
director in the different Comstock mines
BY live director, ! mean a director wh'
is not a dummy, but one who has opin
ions of his own, a director who goeI
down into the mines and sees for him
self what is going on. But | will no
bore you any longer, and will clos
this by extending to all a heart welcom
to the Great Comstock lode. As
director of most of the mines ] have
right to invite you, and | promise 20
something you cannot get anywhere !
the world. a turkish bath on the 220(
foot lauaI Of the COMMUNICATION Virrini