Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1909-12-12
Planning to
Resume Work in
West Section
Company Intends to Begin
Operations in Old Stand
ard Shaft.

That mining operations are to be
resumed in the western section of
the Tonopah district is evinced by
circular letter sent out by the To-
nopah Bonanza Mining company, re-
Gently Incorporated, which contem-
plates taking over the ground now
owned by the Tonopah Standard
Mining company Herman Zadig,
the San Francisco broker, is the
prime mover in the project The
letter, which is self-explanatory, is
as follows:
San Francisco, Dec. 1, 90.
To the Stockholders of the Ohio
Tonopah Mining Company.
Gentlemen:-The Tonopah Bo-
nanza Mining company has been in
corporated under the laws of Ari-
iona to take over the ground known
as the Tonopah Standard Mining
company, located in the western
part of Tonopah comprising ten full
claims. A shaft was sunk $50 feet
deep; is fully equipped with a fine
hoist, boarding house and black
smith shop, ready to resume work at
any time. The capital stock of the
new company is 100000 shares;
par value 81; all shares to be sold
for the benefit of the company; no
promotion shares.
At the first meeting it was de-
cided to offer 100000 shares at 2
cents to the old stockholders of the
Tonopah Standard. Three hundred
thousand shares have been sub
scribed for by the old stockholders.
After a correspondence lasting sew
eral weeks with Mr.. Joseph G. But
Tonopah as to the advisability of
joining the Ohio Tonopah stockhold-
ers, the directors of the Tonopah
Bonanza Mining company decided to
offer to the stockholders of the Ohio
Tonopah one share of Tonopah for
every five shares of Ohio Tonopah
payment of one cent per share to
the treasurer of the Tonopah Bonan-
"a, subscriptions to clos February 2,
1910.
To make it plain and avoid fur
Their correspondence, the offer means
that any stakeholder of the Ohio
Tonopah owning 1000 shares of
Ohio-Tonopah stock and who cares
to accept this offer will upon en-
dorsing and sending his Ohio-Tono-
pah certificate to the undersigned,
receive 200 shares of Tonopah b.
nanza stock upon payment of 50.
A holder of 100 shares of Ohio-To-
nopah stock will receive 20 shares
of Tonopah Bonanza upon the pay
ment of Csc. This offer virtually
means that the stockholders of the
Ohio-Tonopah come in one the same
terms as the old stockholders of the
Tonopah Standard, and get inter-
ested in piece of property which
has all the indications of becoming
one of the best properties in Tono-
pah. No stock of the Tonopah b.
nanza will be offered to outsiders
fir less than cents, and at that
price only 100000 shares. Any
stakeholder of the Ohio-Tonopat
may subscribe to the scent stock
subject to allotment if over-sub
scribed. The 100000 shares viii
be the last to be offered at 5 cents
as the money thus collected will bc
sufficient to start work and sinh
the, shaft 200 feet deeper. Thos,
who worked in the shaft before i
was closed down believe that tn,
ore-bearing zone will be found in
side of the 200 feet. We believ,
that as soon as it becomes know
that work has been commenced TIL
sharas of the Tonopah Bonanza will
command much better price thai
cents, and any stakeholder willin