The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-10-02

With a production of than $33OO0OO0 from her mines dur
ing less than six years of development, Godfeld today rghtfully
noidst the proud title of being the premier gold mining camp of history.
That its future will be greater than has been its past is evidenced by
az enormous oe deposits proven up. in which many millions OF
dollars can be figured by known values and extent of ore. Where a
Few months ago there were those who doubted the persistence If the
or shoots with depth, all room for doubt had been dispelled by de
velopment is the Clermont shaft to a vertical depth of $50 feet and
approximately 1850 feet from the apex of the Mohawk vein. From
surface to the greatest deptb vet attained o the veinsw within the pro
duclng area, the golden enrichments have been of such marvellous e X
tent and continuity that even the most enthusiastic prophesns a to
the mineral resources of Godfed have fallen far short of the reality
which has now been demonstrated.
From a sage-covered desert less than six years ago, Goldfeld has
arisen to the foremost gold mining camp in the world, and the m e
tropois of Nevada. 1t is a city of modern business structures and
handsome homes that would do credit to the most pretentlous and
favorably situated commercial eenters of the land. 1t is a community
of enlightened and cultured people, progressive to a marked degree,
embodying the best class of citizenship and refinement.
The story of Goldfeld is replete with action, romance and intense
interest, and its history has been IS dramatic as its production of
wealth has been marvellous. The first location in the Godfeld district
was made by Harry Stimler and Will Marsh On December 2 1902,
when they located the Sandstone, north of where the Consolidated
mil ooys stands From that tim To the present it has been a repeti-
ton of sensationally rich discoveries that have thrilled the district and
kept the worlda eog IN worder n omelmes unoehei Anhions OF
dollars were taken out by leasers, and millions are being taken
out by the owning companies which have abolished the leasing SYSTEM
and inaugurated extensive milling plants for treating their ores TO
a large extent this has done away with the picturesqueness OF mining
operations in Goldfed- for it was the production of immense quaint
ties of high grade IRE under the leasing system that first brought
fame to the camp and suddenly transported poor men into the realm
of wealth and milionaires From a production of approximately $685.,
100000 in five years, dividends amounting to $1419l,657 have been
paid o. declared.
First Great Discovery.
The first big discovery of Ore was made by Al. d. Myers and Tom
d. Murphy II the Combination vein in June, 1903, and this was fol-
lowed successfully by the bonanzas that have made the Mohawk,
Jumbo, Florence, Combination, January, Red Top and other mines
famous. Fortunes have been so quickly made that the spectacular
rise from poverty to afluence left but a narrow line of demarkation
between the two stages of human existence. All the world knows
of the fortunes that we're made by those who bought Mohawk stock
at IL or Is cents and sold it at from $5 to $40 a share. Enormous
profits were made by investors in stocks of many of the leasing COM
panies, 0 account of discovery of orr Sc rich that the tales OF the
Arabian Nights pale into inIgnifcance.
After the first excitement that followed the discovery of gold on
the SANDSTONE, which nearly depopulated Tonopah and other camps
in the state for a time, there ensued a period of depression until the
remarkable find in the Hayes Monnette lease o n the Mohawk which
electrified the mining world and caused IN unprecedented frenzy of
speculation such is was never see before. Before the Mohawk began
to give up it's treasures, the Combination was producing m of ex-