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

Labor Troubles Disrupt Camp.
At this time the camp was ruled by the Western Federation of
Miners and the Industrial Workers of the World. Mine owners and
nerators were compelled to take measures for protecting their inter
ests from depreciation and theft, and labor troubles ensued, strike
after strike being ordered by the labor leaders, and conditions Were
aggravated by financial stringencies that swept the country in the fall
of 1907. The history of the labor troubles in Goldfeld is too well
known to need repetition. but it finally ended in tn mine owners de-
claring and enforcing absolute independence of dominion In the
reopening of the mines and the employment OF men.
With the settlement of labor troubles came a decision on the
nart of the Consolidated and Florence companies to end the leasing
system O those properties 1t the termination of the leases then in
force. and construct large milling plants for the treatment of sheir
res, which comprised in addition to the high grade bodies an i'm
mense tonnage of milling ores that could not be made profitable under
the old order of things. This milling era was fully established about
the first of the current year, and in the ase of the Consolidated has
inaugurated the greatest dividend paying epoch III gold mining his
tory, the quarterly distribution o outstanding stock being approx
mately 81, O65,O 200, or "a, 600 per year.
Consolidation Settles Apex Questions.
Development and shaping the destinies of Goldfed have been map
ned mt o broad and intelligent lines that mean large and peaceful
industrial activity for many years to come. The character OF the
raiaaald denos;ts is such that endless litigation might result were the
law of the apex invoked and contested in the IN manner 1t las been
in other places, but the foresight of the leading min owners has
avoided this danger by compromise o consolidation On Novem-
Der 20, 1906, a accomplished the combination OF interests now
known IS the Goldfeld Consolidated Mines company. The Mohawk,
Jumbo, Red Top and Laguna were first consolidated, and incorporated
under the laws of Wyoming, capitalized at $5O,OO0Oo0, IN ooooOO
shares. ats $40 par value, with Senator George S Nixon and George
Winofeld as the prime movers and hnanclers In the enterprise. Inc
promoters of the Consolidated company also secured options OF the
control of the Combination and January mines, which they suose-
mentIy ACQUIRED. The price paid for the Combination min IN March,
1907 was reported to be $4L 100000. The consummaton OF the entire
consolidation was n of the most ingenious and resourceful deals
ever effected in the finances OF mining.
Mills Established New Era.
That he milling plants of the Consolidated and the Florence, both
Of which went into commission about the first OF the present year,
ave been eminently successful in the treatment OF the complex pres
of the district is shown by the results accomplished IN saving IL aiue
at a minimum cost, and also by the fact that preparations re beng
considered for greatly charging the capacity OF the lOostamp mil
of the Consolidated, and the Florence has but recently completed
the work of increasing the capacity of that mill from 100 to approx
matelv 200 tom a day. These mills have solved not only the smeter
and Transportation problems for these mines, but have furnished a way
for the profitable treatment of the great bodies OF low grade ores
with which the mines abound. Recent caving o. the Hampton stope,
which as directly under d portion of the Combination mill, has put
this plant out of commission and it will be torn down.