The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-20
M. w. H, san Francisco, cal.-Y

are mistaken in saying that we recon-
mended the purchase of Bonnie 'ia'e
stock. We never recommend the puf-
chase of any particular stock unless,
,erhans il was Florence or Consol-
dated. We aim to give the news as We
20 along, but are very careful not TO
advise in the purchase of mining stocks
unless the stock is VIGOROUSLY worth
loss or Of established and proven worth
Ono reason we refrain from giving adj
viee in sueh matters is because OF the
uncertainty of the business, and the
many elements entering into 1t, making
Coz src.ass or failure. a seemingly
homeless piece Of ground today may be
a bonanza tomorrow, and wee Versa'
paw ore is elusive and often vanishes
in a shot. Again, the best possible
mine may be ruined by bad or dishonest
management, and arrangements chang
from time to time. A good management
to-day NAV be succeeded by a bad man
agement at a coming meeting, etc. A"'
still AGAIN. mines are some times used
for stock purposes only, and the STOCK
NAV be run up or down, irrespective o.
mine conditions, according to the de-
signs of the manipulators. III Wouiu
therefore be folly for this paper to IN
vito the risk of censure for putting sub
scribers into losing ventures and sub
iect ourselves to the suspicion OF beng
interested parties. We aim to give the
facts as they are at the time, leaving
orr patrons to act on their W Judg-
ment. AS for advising this particular
stock in question we are very certain
we did not for the reason that we were
never particularly impressed with the
management. The property at one time
looked good, and a mill was being con
structed and on the surface everything
looked lovely, but it appeared to us
that the management was entirely too
%extravagant and reckless. As an evi-
donce that this was a proposition 81
merit. the railroad went to large eN-
pensc in building a spur to the Bonnie
Glare property and railroads do not
make such expenditures without :
thorough investigation. We still be-
lievc the property all right, but is
finances are in a hopeless condition and
I aru npepSS1rV he
fore the property can be worked.
T. M. p, Los Angeles.-The only map
that has been published of the Pioneer
section of the Bullfrog district is the
map Just issued by The Goidfield News,
which sells for 10 cents. 1t is a claim
map, put up in cover, and is exact IN
every particular. There is an erroneous
impression that the Pioneer section IS
something new. On the contrary nearly
all the country has been located from
two to- three years. The exact boun-
diaries of claims are therefore known
and the map is not a tumble as usual In
the case of newly discovered districts.
W. IA, Providence, r. 1.-The Sierra
properties are scattered all over the
Goldfeid district, and some of thea
are very well located We would hard-
~ advise the sale of stock at this time,
as you could scarcely expect much of Il
price. Beside there is every chance or
the stock being worth more when work
Is done ON the properties. II. A. Riedcl
Investment company of Denver controls
the property. You might write them
as to their plans.
T. T. L., Waco, Tex.-At the adj
Journed meeting of the stockholders OF
the Manhattan Consolidated Mines
company the proposed increase OF
stock was ratified, and preferred stock
will be issued, secured by a trust bond
on the property. 1t is understood that
$5O,0 0 will soon be available for com
pany work, and with this amount of
money the Consolidated ought to be
self supporting and in the list of steady
bullion producers. 1t is also reported
that the main shaft will be sunk to a
greater depth.
H. P. NJ, South Norwalk, Con.-The
Bristol Consolidated is perhaps the best
property in Phoebe. 1t is capitalized at
"a, ZOO, 900. The control of the mpa
recently passed into the hands of the
Nevada California Copper company,
and +. l.. Underwood, who togethei
own two-thirds the stock. There are
five leases at work on the property. An
extended description will be found il
a specially prepared article on Pioche
il The News next week.
j. B. p, Roehlcr, N. M.-The Empire
GoldfelG Alabama company has a lease
on the Empire in this district. The
lease was taken in the name of one
Williams, who has been the manager
OF the leasing operations. The shaft
was put down about 1876 feet when
money ran out. The lease was closed
until funds could be secured for 70.
sumption and it is understood tina
money is now in hand to continue work.
"A. b, Wisconsin.-There is very lit.