davidaulloa/AmericanStories huggingface dataset:
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27
CONSOLIDATED
DISTRIBUTES $l,O8O,OOO
AMONG SHAREHOLDERS
Largest Regular Dividend Ever Declared by Min
ing Company---A Million Left AS Nest
Egg After Dividend Is Paid

This is the greatest single dividend declared III
America and this rate the annual disbursement will
total with the possibilities of two Eek
tras which limited within the
during the year. stockholders Of the Goded Consolidated
well within the running for cash prizes of aristo
cratic nature.
The 3o-cent dividend represents
per present market price Of stock $93 This
nearly 81 per share lower than January 12 when the
annual meeting Of the held at Evanston Wyo
and made that the big dividend would
probably be declared
There present at the meeting: Senator George s.
Nixon George wnged of Godfeld, Charles Hayden New
York. D. Hubbard, Chicago H. Carstairs Philadelphia
and w. G. Raston, San Francisco.
The placing Of the Consolidated company this
precedented dividend paying basis marks epoch
in gold mining and gives to aolded the undputed title
1.-THE greatest gold mining camp world'' which
she will continue to long after the coming generation
is dead aoldfed is certainly without peer and there
possible rival in sight with chance to equal it,
This dividend than bears out the statements Of
the splendid condition of the Consolidated mining
and its milling equipment made in the annual report Of
President George s. Nixon and General Manager Mac
kenzie.
With Consolidated treating practically 600
tons of $40 day. total of S876Oo00 annu
at cost of &c. and the Combination mill produc
ing close to 81 total production of close
to it is apparent that there will be trouble
in maintaining the dividends naugur
ated and build up surplus from which extras may
declared from time to time, the directors fit
Steady shipments of bullion being made from
the new MILL the fifth gcing to City Wednesday.
The refinery just been completed and the stage of
regular cloanups reached in all departments Shipments will
hereafter De every second third day. From
on the output of the mill will be of continuous pro-
duction rather than of ''cleanups''
For protection Of the in the bullion refining
room and valuts elaborate electric alarm system
is ching installed by Chief Electrician L. T. Mer-
win that will make it impregnable as batteship in
md-ocean The alarm system completely surrounds the
bullion refining room with the Office well
as other citations Consolidated property No one is
permitted the refinery after the work OF
turning out the yellow ngots commenced and the
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27
CRACKEAJAcK IN FINE LEDGE

Crosscutting is now in progress ON the
Crackerjack at the north end of Ken
cali mountain on the big ledge that has
Eeen penetrated to a depth OF about
$50 feet A promising streak of quartz
has been encountered, and the lode hes
the general characteristics of the big
Red Top ledge that courses northwar
through Columbia mountain. No pay
ore has vet been found here, but the
vein matter shows values of from $4 to
Sc over wide expanse, and Superin-
tendent Mackenzie believes they are
ON the right track to making mine
that will be heard of prominently III
future operations of the district. Five
men are now on the payroll, but this
will be increased when the showing
justifes.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27
opE SHOOT ON GOLD BAR
SHOWS VERY HIGH VALUES

700 as fast as possible.
The company has recently been
granted a three-year extension of its
lease, and has had it's territory doubled
by securing block 2 of the Victor claim,
adjoining it's ground on the Gold Bar.
Speaking of the present conditions IN
the Gold Bar Manager Koontz says:
"To summarize the whole situation
we are breaking six feet of 800 ore at
least and we are sacking high-grade on
the 300 foot level. That is practically
the whole story. We have proven the
vein from the surface to depth of 300
feet or for distance, allowing for the
pitch of about As degrees, of 500 feet.
We are rejecting and throwing on the
dump considerable tonnage of ore
which is taken out in the course of de-
velopment and which runs $25 per ton,
and we are shipping more than enough
to defray all costs of operating.
.'Most of the work is being confined
to development and we are preparing
to sink the Victor shaft to depth. This
shaft is down 300 feet and connected
with the main shaft by lateral at the
200 level and by an incline from the
main shaft. This was the old Dillon
lease shaft, sunk partly by the Col-
solidated under Manager Finch and
partly by the Victor lease Lompany,
each of which worked the ground In
termittently for about year.
eff we had built mill when the
subject was under discussion something
over year ago it would not now be
available for our use. At that time our
ore was oxidized and the gold free. Now
our principal tonnage is in sulpho-
telluride requiring very different
method of treatment. When we are as
sured of sufficient tonnage to justify
reduction plant there will be no delay
in building one and at present L am
far more interested in piling up big
dump of good milling ore than L am
in securing high grade assays.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27
VELVET STILL PRODUCING

Ore of good grade is still being pro
dueed from the Kansas City Velvet
lease, covering the old Kicker bonanza
on the Aigae claim. The ore body,
which is about IS inches thick, lies al
most fiat and twists around through the
Big dyke in which it was encountere 4
al depth of about 25 feet. While all
of 1t is of shipping grade, lunches
are frequently found that are enriched
with free gold visible to the eye, and
'his brings up the grade to a fine aver
age. Manager Moss is of the opinion
mat the ore will soon take strong
uownward dip in the dyke, and if it
uoes, he will crosscut for it at greater
'epth from the main shaft of the COM
pany's workings, which is now down
wv feet. While the prospecting work
IN progress, but four men are en-
poyed.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27
BALTIMORE BELLE SHOWS
ENCOURAGING VALUES

Very encouraging values are being
encountered in the heading of the drlft
on the 400 level of the Baltimore Belle
lease on the Bee Fraction, and Or. W.
X. Robinson, the manager, IS becoming
more confident every day that they are
getting close to an ore shoot that wiii
put the lease into the list of shippers
The drift is now out 325 feet from the
shaft.
The ground now being broken IS
highly mineralized, and has all the ear
marks that are characteristic OF the
ore bearing zones throughout the big
mines of the district. DR.. Robinson
thoroughly believes that this venture
will prove as successful as he and his
associates we're on the Mohawk Flor
ence and Little Florence.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27
INTEREST CENTERS AROUND
FLORENCE DIVIDEND pIJZZI F

The annual meeting of the stock
holders of the Florence company will
be held in Goldfeld next Monday
March |, and action will then be taken
on the dividend question. Vice Prcsi-
dent A. ID. Parker is expected to a.
rive in Goldfeld today to attend the
meeting.
While it has been impossible to s.
cure any official information as to what
may or may not be done 4.
the directors meeting following.
there is strong confidence "a
the part of many who have
been closely watching affairs, that a
dividend will be declared. Whether
this will be of the usua size, 10 cents
a share or $l05,000 quarterly, has not
been satisfactorily figured out in the
minds of the prophets, but they have
90 hunch y that the dividend will not be
entirely passed up.
An increased tonnage and muci
higher values are being handled at the
Florence mill, with 135 tons of ore go
ing through the 30-stamps now running
each day. II. g. Morris, superintendent.
of the mill, expects to have the entire
battery of 40 stamps harnessed up
within a few days, and another tube
mill will soon be put in place to help
out on the regrind and bring out the
full efficiency of the plant.
AT present somewhat of an effort IL
being made for tonnage, which will bs
assisted largely by the addition of
more amalgamating plates to the pres
ent battery of four. Anything that
gets away from the plates and the
tables at the present time is caught in !
the cyanide, so that high pressure is be-
ing maintained throughout the mill.
Down in the mine there is constant
increase in activity, and fine quality !
of mill ore is being produced and sent
through with material from the big
dump at the south side of the mill. This /
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27

E., of 5000 ore is now beinT
.hove the 200 level of the Go
p.r directly over the ore shoot oPen'
- this level about six week ag'
a more recently reached on the Sc'
n.,ues now being shown in this ne"
80 are surprise even to Manager
/, X Koontz, and places this properly
more in the spotlight as one If
,he best of recent discovries in Gold
field.
,.savs made yesterday from grab
o,ss of the screenings in the oee
-. At the Gold Bar show that the ore
more than holding it's own in t
.,.,o now being put up from the
,ovel and an assay on picked sp'
=, found in the bin, showing free
IA ran s2.O27.53. The screenings re-
.,,,ed sl17 and 1929 per ton.
Manager Koontz takes a very cheer
ej view for these values to hold
,ood shape up to the 200 level.
There is a very good streak, of ore
on the foot and hanging walls, which
are six feet apart, and while the best
...lrss between these streaks are irregi-
,.r and disseminated through the lode,
.ho outire vein matted carries high
Shipping values.
IN the crosscut to the south, back
g wbere the ore was struck on this
lo,el the work is in good looking ledge
matter, and is nearing vein that has
heen proven by crosscut on the level
above.
Steady shipments are being male
from the slopes, and the general et IL
,ion from mining standpoint is cry
satisfactory.
Quartz of a promising character was
opened Wednesday in the bottom OF the
shaft on the Nevada Gold Ore Mines
eompany on the Gold Bar claim, which
is being developed under the manage
ment of w. H. Sills. The shaft is now
down over $50 feet and will be sent to
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27

system gives ready warning Of the approach anyone
within its bnes.
admits is conservative predicts profit less
$5spcoO per month"; s6,eOooOO per
two mills Taking his estimate per day,
Of s421 the annual output will be
$3.50 s22. President Nixon says:
'Tne treatment Of than per day
at the two mills Of equal supplied during
the year the Combination mill of $4021 per ton, at
reduced cost for mining transportation and milling ought
to net company during ensuing year
s550Ooo per expressing this opinion beard
keeps safely within the limits of exavagan.
statement"
That possibilities in fact probabilities Of
even greater things outlined in
in the report of General Manager Mac
kenzic who says:
EXCEPTING in the exploratory work has
extracted your property below depth of 400
feet yes property has yielded s15Ooo0oo The
total De produced averaged $7s.4s ton. Owing 10
the SHIRT of leases and the policy adopted by the
esse Of gouging after the high grade only, large
quantities grade purposely left and in their
large proportion Of high grade overlooked and
in sone cases was left for pillars.
surface to depth of 400 feet large blocks
territory still remain unexpored and from the
tonnage past performance of the slopes in the diff
ferent properties experience of stopping
tons il Combination mine it safe to predict that
your prperty the surface to depth of 400 feet will
produce at least has already been extracted
namely s15oOooOo Below the 4oofoot point results have
been very satisfactory.
ION the Mohawk winze the main ore body shows
high grade for over $50 feet on the dip OF
the vein and average width of about feet All
ore this wnze amounting to 5s5 dry tons
was shipped the sampng works without any sorting
whatevss contained value Of $12472 per
ton From bottom of this winze about 100 feet Of
drifting average values equally good for the full
width drift with both faces still in good ore On
the crosscut this same body OF o-
to he 20 feet wide although only inches show high
grade sos ton shipment taken sample from the
width of "a the vein returns of $32
per tom,
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27

highly encouraging that within short
time something tangible in the way ,f
an ore shoot may be opened. Quartz
and bunches of ore have shown through
the work for some distance, and the
drive is being continued to strike a
cross ledge, where it is believed ore
will be found in quantity to put tho
lease on a shipping basis. -Four men
are employed on the work, and they
have been making progress equal to Or
better than many who have more pre-
tentious equipment.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27
SMITH FLORENCE LEASE
DEVELOPING GOOD GROUND

Little Florence and Rogers Syndicate
leases, and has a splendid chance to
"make good" by picking up an ore
shoot similar to it's famous neighbors.
The ledge is now showing considerable
scattered mineral and quartz in various
places, but the ground has been some
what broken by the Little Florence and
other faults, so that it has been a
problem to figure out the ore shoot, up
10 the present time.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27
BLACK EAGLE IS SINKING

The Black Eagle Mining company IS
sinking a shaft on its property in the
Red Mountain section, about six miles
east of Goldfield. They are now down
llO feet and will go to $50 before doing
any lateral work. The formation looks
good, and is encouraging for ore. Three
men are employed with whim, and
about $1,000 month is being expended.
The enterprise is financed by Shelburn
Falls, Mass, people, and development is
being carried on under the direction
Of A. A. Codd, of the st. Ives Leasing
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27

from the river to the mine, and develop
ment will be pushed energctically for
opening the large ore deposits that are
shown in surface outeroppings and
various workings on the property Mr..
Codd and his foreman, }. II. Sears, re-
Gently made thorough sampling OF
the veins, and the assay returns and
size of the ore bodies show immense pos
sibiiities as producer.
A large force of men will soon be put
to work to thoroughly prospect all of
the lcdges and determine the best
places for instituting permanent word.
From plans that Mr.. Codd is nov
maturing, some very important develop
ments for the ST. Ives company may BE
expected to materialize within the near
future
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27
CONSOI IDATED RED TOP
is NOW IN HIGH GRADE

cate that this may take o big jump ana
keep it up for considerable period
This ore is further to the south than
the old pocket, and may be taken as
evidence that the values are better IN
that direction, and probably continuing
into the Red Top ground now being
worked by the Consolidated Mines com
pany.
There have been persistent rumors
for some time of important disclosures
in the company ground, and they now
seem to be justified by developments IA
the Consolidated Red Top lease.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27

Ore in shipping quantities still seems
to be somewhat elusive on the Booth,
but force. of seven men is pegging
along in an attempt to connect with Il
good bunch of the much sought article.
Drifting is in progress on the 400 level,
and the vein looks good enough to turn
into ore at almost any time.
There is no question but that the
great Red Top vein goes through the
Booth ground, and logically ought to
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27
DAISY LEASE SHOWS ORE.

Some good ore is being found by the
Goldfield Daisy Leasing company at the
$50 level of the old Detch-B Brewer
lease on the Daisy, but the main ore
body which produced high grade ON the
level above has not yet been reached.
A raise is being put up on the vein, and
it is expected to catch it on the strike
within a few feet. The ore now being
followed is believed to be stringer
from the main shoot.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27

Within a short time, it is believe !,
the west crosscut from the 600 level OF
the Merger company's main working
ssaft.will encounter the st. Ives ledge,
for which it was started, and import
ant disclosures of ore are expected
when the objective point is reached.
Another crosscut is being sent out t.
the northeast to tap another ledge that
outcrops on the surface, and there Is
also the everlasting chance OF picking
up one or more blind lodes besides the
lodges that poke their noses up through
the sagebrush.
The work of the Merger company IS
fraught with great possibilities for the
Goldfeld district in proving up the
outside mineral zone, and there is every
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27
KALFUS DOING GOOD WORK
ON THE GREAT BEND ANNEX

some strenuous and telling work is
Sng done with low power hoist ami
Ay little tripod on the Kalfus lease
'ne Great Bend Annex, and the way
~ rock is being brought from
!. aep'n with this equipment shows that
I''e are men at the helm who know
a.. Lot 'hey are doing and are capable of
',ne II without any fuss or frills.
WITH this equipment, a drift has been
Ven with economy and speed 800 feet
aepth. Of $50, and the outlook Is
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27

Pioneer, Feb. 26.-The crosscut on
the 2lO-foot level of the Pioneer lease,
being run to tap the ore shoot under
the winze sunk on the level above has
broken into the ore.
The values encountered when the
footwall was penetrated were similar
to those found in the winze above, the
footwall side Of the vein being the lean
side that is, carrying values OF $40 to
$50. With every round Of shots, how
ever. the values on the lower level are
increasing, and now the miners are
working in rock which is of the picture
variety. and which will cross the 500
mark in value. The cut is now into the
vein s6me Is feet, and the formation
and values arc very similar to those IN
the winze--the values little create,
and the Rhysical aspect of the rock
showing more pronounced crystalline
structure. The rock is also horder AMI
tougher. In this respect the rock is
following the rule laid down by devel-
opments in the, Mayfowe- property
the rock becoming richer and more
dense with depth.
There was quite little furry IN
leasing stock in Pioneer and Rhyolite
during the week. At first people weie
inclined to be skfptieal as to the orc
shoot having been reached, and those
who were on the isinside" made haste
to pick up all the stock they could at
prices ranging from 10 to Il cents
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27

Four feet of ore that mine sampling
ior the past four days shows to carry
values from $3.50 to $3.50 per ton has
been opened in the Consolidated Red
TOP lease in the new stope above the
900 level. and it looks as though this
may rival for output the big stope that
was the center of interest some time
ago.
For the past week there has been
gradual improvement in the grade OF
the ore shipped, averaging about sllo
but the values now being opened indi
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27
ARE VERY ELUSIVE
IN WORKINGS ON BOOTH

make this one of the good producers OF
the district, but the famous Columbia
mountain fault is in close proximity -
the Booth workings, and it seems 10
have had an adverse influence on ore
enrichment at this particular point, 50
far as has yet been demonstrated by
the extensive development. Some day,
however, the Booth may leone into us
own with surprising persistency and
values
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27

Crosscutting, drifting and upraislng
are in progress on the Smith Florence
lease, through what is known as the
Hall Florence shaft, sunk jointly by
the two companies. That the work IS
being energetically pushed under the
management of Mitchell & Fairfield is
attested by the fact that % men are on
the payroll.
This ground is located between the
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27
Causes Excitement

Developments on the Dlg tease
brought good many mining men inso
the district during the week, and quite
a bit of interest is now being taken IN
leasing stocks at Pioneer. A senior
fetal announcement that the Mayf1ower
Consolidation, which controls the May
flower and Starlight groups, and when
cover much of the choice ground on the
big ledge formation between the May
flower mine and the Pioneer leas',
three. fourths of mile to the north and
east, has finally decided to let some
leases on the Starlight ground has added
to the interest among the mining men.
The Starlight ground has been well
prospected by the holding companS,
which is now putting all its time and
attention to realizing on the rich ore III
the Mayfower, and in the prospect
shafts. one of which is more than 100
feet deep, ore has been encountered o.
great promise. There is a big rhyolite
and uuartzite contact on this property,
and some of the rock which has been
uncovered is apparently more "live
looking and promising of wealth than
the rich rock in the Mayflowcr-sh shows
more solid formation. With this rich
property still undeveloped, the May
flower bids fair to be one of the biggest
mines in the state.
Brodie Lease Gets Rich Float
The Brodie and Bonham lease on Bi
metallic claim No. ,, a little over halt
! a mile to the east of the Pioneer lease
and on a continuation of the same bis
ledge system, caused sensation earl,
in the week, when pieces of roei
brought up from the shaft were see'
to be fairly filed with fine gold. Will
we do not quote assays from pieke'
specimens as showing anything furthe
than there is value in that particular
piece of rock, it will be of interest t
readers to know that we saw the assa'
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27

Pioneer is again shipping camp,
and all day long wagons are going
through the streets of the new town,
loaded with ore from the workings of
the Pioneer Leasing company. The
ore from the crosscut on the 2lO level
of the lease is being sacked as broken
down, and judging from the looks Of
the ore, the smelter sheets will be of
interest when they return.
The mining life of the camp is tax
ing on new life now, and leasers are
getting ready for actual work. They
have been doing prospect work for two
or three weeks, some of them sinking
shafts with one or two shifts of men,
but now confidence of investors is be-
ginning to appear, and soon full shifts
will be working on shafts and the hill
sides will be dotted with gallows
frames.