The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-05-08

North Star of Wonder, with the view
tc determining where to sink a shaft.
We are given to understand from the
office of l.. l.. Patrick hat a large force
will be put to work as soon as it is
determined where to locate the shaft.
F. B. G., P~ittsburg, Pa.-You will see
an Interpretation put upon the new Ne
vada wild eat law by the attorney gen
eral. in another column of this paper.
The party of whom you speak is not
now, and we are informed, never was
a director of the First National Bank
of Goldfeld. He is now in Carson City,
we believe.
A. H. T., Rock Island, nl.-Last re-
ports from the property of the Luning
Gold Mines Syndicate were to the ef-
feet that the mine was looking fine n
that a shipment was being sent to the
railroad for transit to the smelter. wv
ing to a temporary lack of men, work IN
the tunnel had been suspended, but
sinking on the south vein continues. Al
a depth of 50 feet the ledge was three
and a half feet wide, and was constant
" widening, and assays showed $32.U
clear across, the values being mostly
in gold. The shaft will cut the tunnel
| when the latter is driven a little deeper.
Additional men are expected at the
mine at any time, now.
j. v. M, Massillon, O.-The Consoli-
dated Red Top holds a lease on two
thirds of the Red Top claim of the Con-
! solidated. The lease runs for several
months yet, at which time, it is given
out, a good property will be bought for
the company if the condition of the
treasury viii permit.
G.. w. E., Washington, D. C.-The
Clermont shaft is down 1850 feet, in
Guiding a 50-foot stump. 1t is not plan
ned to sink any deeper at the present
time. Arrangements are being made to
run levels from the 1872, SOS and 1000
foot stations. The Mohawk vein is
south of this shaft and the Red Top
veins northwest. They have not been
crosscut from this shaft and conse-
quently there is no ore exposed, but
from the Mohawk shaft, at 600 feet
depth, is the best stope in the Mohawk
mine. There will have to be consider
able prosecuting from the Clermont
shaft to reach the places where ore
should exist. At the surface ore and
waste bins have been constructed adj
%jacent to the shaft, and skips have been
installed.
H. E. B., Providence, R. I've sup
pose the reason that Combination Elk
tension stock is not selling higher, is
first because of it's physical condition. A
great deal of work has been lone on the
ground, and no ore ever found. This
in itself should be a reason for the low
price of a stock. This ground is not
especially well located with reference
to known veins and lodges. To be sure
it is not far from Little Florence hill,
which is a bonanza hill, but prospecting
has been done at great expense ali
around by other properties and nearer
the Hill and nothing found. Second, no
one seems to be protecting the stock.
AT one time d. Mackenzie wal looking
after the stock and keeping up the
price through his brokers'; but he has
apparently withdrawn from the market
and the stock is looking after itself. On
ly one shift is at work at the mine, no
attempts being made to push develop
ment.
L. A. H., Ilwace, Wash.-You will
find an account of the annual meeting
of the Goldfeld Hub, held this week, in
today's issue of The News. The east
ern stockholders were largely represent
ed by proxy and a compromise was eff
fected between the Robinson faction
and the eastern faction headed by DIR.
Stewart of Pittsburg. A consolidation
of the Hub company and of the Balti
more Leasing company is contemplated
whereby the lease will probably be
cancelled and revert to the parent eom-
pany, stock of which will be given
shareholders of the Baltimore Bel
lease. We are not advised how it is
proposed to take care of the over
issue of stock in the Huh company.
D. D. Quincy, nl.-Frances Mohawk
is still keeping its lease going on the
Combination Extension, otherwise is
doing no work. The company had a
large amount of money, ~aggregating
$l35,OO0, in the State Bank and Trust
company when it failed. Manager
Mackenzie was given stock in the
keane Wonder mine to partly secure
the indebtedness, and afterward sur
rendered the stock for notes and a
Trust upon the property. A trustee 5
sale was ordered, in default of pay.
ment of the notes, but the sale was
stopped by injunction proceedings
brought by stockholders. and it is not
known now, just where Mackenzie will
get off, He is making a hard fight
to save his company money, how.