The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-12-04

>>s>>>>~>~~~~as
W. = 9, MsKsssport Pa.-rA.,., !.
been no work done on the B.uA-
Golden sceptre' for two year.
than to keep the title to it's
alive.
J. I. r, Pittsburg, Pa.-No vo,l
been done upon the Yellow Ti0e, .
several months. The property
leased to the Elks Consolidated r;.:-
company, a strong corporation. via
spent perhaps 100000 on the pro,.,.-
in an endeavor to develop ore. Som. l..
grade ore was found, and it Wa MA
when the property closed down tn, !.
was only for a time and that via, !.
resumed it would be to sink to ~.
10O0-foot level; but the time has new,
come for it to resume. What the nl,,.
are we cannot say.
I. o. L, and others.-By the frn A.
the year the Frontier Exploration com.
pany expects to be able to report .
scheme for increasing the capital stoel
to enable it to expand it's operations
For the program laid out it's capital va,
too small. 1t did well with the compar.
atively small amount of money it had
available, but the amount was not
enough to permit of the developmeu;
of its scheme. About the time the
company was under good Roadway, the
panic came on, and it was thought use.
less to undertake to raise more money.
The company has good assets in stock
and mining claims. BY the new ar
rangement proposed, the stockholders
will not suffer in the least and the
general proposition will benefit.
F. B., Magaw, You can get
a copy of the law passed by the last
Legislature relating to mining CON-
~panies, stamping of stock, issuance Of
statements, etc., by sending to the
secretary of state, Carson City, New.
G. L., Mex, Columbus, OFT is the
general opinion among investors
Though somewhat erroneous) that title
by location is not an absolute title.
This is an error. In the location Of
each claim the law requires that at
least 800 Of work shall be done each
year, and the property cannot be pat
ented until five years of work has been
done with at least 800 of work each
year; the full $500 Of work can, how.
ever, be done at an earlier period and
patents applied for. If a party takes
up a number of claims it is generally
considered that the full amount Of work
applied to all the claims can be done
in one part Of the ground if it can be
reasonably shown that this work WILL
develop veins on the other parts OF tae
ground; this, however, is somewhat sus
ceptible t. question and is therefore
not always safe; in fact, the great
Homestake Mining company always
does the full amount Of it's assessment
work every year on each lndivionAl
claim held by location. 1t is usual!
the case that every company possesses
lands which for various reasons may
be valuable, but on which the expenoi'
ture Of money for pits or holes on THESE
particular claims would be absurd a.
far as it applies to development woIA'
there may, however, be a reasonable
encouragement to believe that veins gu
these properties may be pierced u
depth by tunnels Or drifts from osns'
parts of the ground; or there may "
water rights or a jointure OF otns'
properties which makes this GROUND Pai'
ticularly valuable as a connecting nnN
Inc pdtcuIlu$ VI tAc +
brings with it somewhat higher 'a.s'
in some states, but it dispenseS WV
the necessity of doing assessment W.,
on particular parts OF the ef0uaN
where it is not considered Necessary !"
pursue developments; the reason u
increased taxation is the increase !"
population with the development u
mine and the necessity OF sending chA
dren to school, and the making OF c0''
try roads, ETC., the greater pors'0n :
which expenses are assessed ss'A-
patented properties, those when aie :
patented still remaining vested ~ ~
government. A point in favor o. r.
enting is that warranty DEEDS eaA
exchanged, whereas in the case Oh P'0f
critics held by location, quitciaim W.
are all that can be given. ltsis 'n0.s
by many laymen that a good us'
w