davidaulloa/AmericanStories huggingface dataset:
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-12-11

The Ely Mining Exposition, the
mouthpiece Of Governor Dickerson, has
the following interesting bit of political
gossip apropos the coming senatorial
contest, under the head s.No Mistaking
the Signs"
While slate-making has become a fall
end early winter fad among the editors
of divers newspapers in the southwest.
ern and western sections of the state
and has ven spread to the agricultural
communities along the line of the
Southern Pacific, perusal of these edi'
torial efforts would indicate that the
making of states springs more from
dearth of copy than from any
serious intent on the part of the makers
to get a line ON the parties to the next
political clash in Nevada. This view,
however, does not apply to Esmera..'a
county.
Judging from a distance, the political
pot has been placed on the fire in the
gold producing county and if it has
not actually begun to boil it at least
gives signs Of the increasing tempera'
ture of its contents A little more
heat, and the Esmeralda political pot
promises to boil merrily and set an ex
ample which will be followed by pot
boiling in other sections.
Tidings from Esmeralda indicate
that "Lighthorse Harry, Morehouse is
daily gaining new recruits for his Re.
publican battalion and before the date
of the Republican primaries rolls round
win have q following Of sufficient
strength to score first blood in the fight
with the Nixonites.
Morehouse has been heard from be-
fore. Rumors that he was entertain
ing senatorial ambitions were first
heard several months ago. The Nixon
organs 1t the time essayed to make
light Of the report, but later develop
ments indicate that not only are the
ambitions to be taken seri-
ously, but there is much to indicate that
sLighthorse Harry has an excellent
chance to carrying away first honors
the Republicans decide on a
standard bearer in the ace for the
States s~enatorship.
Senator Nixon il now in Europe.
Whether he went over to kiss the
blarney stope or to discover the effects
Of the protective tariff from an Euro
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-12-11

Under the assessable n,..
v~estors claim that should a ~. "
opened up the smaller st~sekhoIa. 's e
be frozen out through exo,h;.s~1 t
sessmcnts being levied land 80
purpose) against their stocl. 1s'
this to be the case, what ia a 's
the rascality of such director. t,.s
ing the same thing with q po,.
able company for it is an ea.r
to reduce even a paying mine /.
dition where it faces bankruptcy 49,
would answer the same purpo,s :,
under the worcestershire plan. !. ~
two persons could buy in u.
property, when under the 49,.
plan this could moi be done 10,
several hundred s~tockholder,
would always be a large number :,
that would pay their assessms,.
Illustrate the efforts of the one !.
crooked ones.
The assessable stock system .h,-,,
be termed the SURF road to maxim. Il
company a success, that is, il by n. :.
penditure Of money the property &.
ated can be made a producing ope q,
every stakeholder must bear hi, ma.
Of development; in fact, it is siu,lv
case where the stockholder n.s
against his will, be forced to p,o,...
his own interests. And another thin.
in a company which levies assessue,,.
the stakeholder can generally sell an,
and realize something on his stock. q,
the proposition is a going one, WHARF,.
in q worcestershire company with ii.
property closed down for want Of cad
his stock is practically worthless.
To make a success of any company
or corporation of any kind takes ii.
untiring efforts of one person; in feet.
this one person must be the whole a.
r~ectorate, that is, he must look After
the affairs Of the whole corporation.
and the directors must approve al II,
performed by him. In a corporation
where all directors exercise the same
power they are the worst enemies ef
said corporation; and if each exercises
his authority individually this company
is sure to become a dead one. To mine
it takes money and the unity Of al con-
cerned, but it takes n honest head =
perform the acts of all. Let the dead
companies reorganize on an assesssbk
basis, issue to the stakeholder the me
number of shares be held in the Old
company, then levy an assessment, and
by no system Of reasoning can this act
be an unjust one to the stakeholder.
Yours very truly,
WILKIE P. GARRISON
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-12-11
MERITS OF THE ASSESSMENT
PLAN FOR COMPANIES

The following dissertation and argu-
favorable to the assessment plan
for stock companies, is being sent out
by wilkie p. Garrison Of the Precious
Metals Mining company, which recent
ly went to an assessment basis
The worcestershire plan 10 supposed
to protect the investor. Does itf OF
course it does as far ~ the gambling
feature of an investment in mining
stock goes, and it prevents the investor
from losing any more than his original
investment; but when you take into con-
alteration that over two-thirds Of the
worcestershire mining companies are
failures against q small percentage Of
the assessable companies, the assessable
companies should be the favorites.
The worcestershire stock system is a
hindrance to legitimate mining develop
ment. 1t rarely happens when q COM
pany starts to develop a property that
the ultimate cost can be foretold. Usual
ly an approximation is made and the
amount of money required according to
same through the sale Of stock. Now
let us say that every dollar 50 raised is
used in actual development in an effort
to place the property on a paying basis,
but it has not done SO, q few thousand
more is needed; the stockholders are
sore, they refuse to buy any more stock;
the property is condemned as no good
for the reason that the money expended,
they figured, should have made it a pro
ducing proposition What is the out
comet The stockholders will not put
up another dollar; the officers and di-
~rectors get "cold feet" their enthu-
siasm dies, and the property passes in
to other hands; and in a large number
Of instances, with new life and a few
thousand dollars more expended, the
property becomes q mine.
The facts are, the worcestershire type
of stock was invented to lure timid in
vestors; and the wildcat promoters use
this argument of worcestershire stock
to catch the sucker. Generally when a
worcestershire mining company or any
company of a like nature is fromed
one-half to two-thirds of the capital
stock is issued to the promoter (for
whatf), and the balance goes to the
treasury and is sold as treasury stock.
Now, when an assessable company IS
formed, even should the promoter take
81 per cent of the capital stock these
promoters must pay the assessment on
this stock the same as the stockholder
who buys for cash. In other words,
every stakeholder must pay his or her
portion.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-12-11

For . number Of years the great dry
lake to the east Of Bonnie Clare, be.
ginning at Box Canyon q the north
and running south some three or four
miles has attracted fleeting attention
of mining men as . possibly remuner.
alive field for placer operations. Far
to the north the GoldAeld district ssnds
some Of its drainage into the draw Of
which this lake Is the foot, aud into
it drain the surface and underground
waters from the Gold Crater district,
the Stonewall, Cuprite and Gold Noun
tain districts. There is a fall Of ap-
proximately 1900 feet in the so miles
from Goldicld to Dry lake.
Some years ago DIR. Frances Williams,
the well known woman mining operator
who was identified actively with sew
eral Of the great Goldfeld leases, WINS
attracted by Dry lake, and did some
prospecting there, getting returns from
the sand and gravel at a depth of is
feet that ran from "a to 81 in a few
exceptional cases, per cubic yard. An
other party prospecting there at the
same time secured like values. The
values ran in gold, with a little plat
mum and palladium.
Lee and Mcfarland.
Lately Ira Mcfarland, who is drill
ing for oil in the Indian Springs dis
%trict, put down Is to 28-foot holes,
and from fifty samples of gravel Sc.
cured average assays Of $1.05 per yard.
Oscar J. Lee, who is operating in the
Gold Mountain district, a few miles
from the dry lake, is also interested,
and last spring took up a large acre
age in the lake bed aud put even men
to work doing the location work re-
quired by law. Messrs. Lee and Nc
Farland together have taken up some
10000 acres of land in the old lake bed,
and have succeeded in interesting Los
Angeles mining men with their the.
cries as to the metal content of the old
drainage basin. The Los Angeles men
have taken an option on a large part
Of the Lee and Mcfarland holdings,
the option bound by q contract that
within a few weeks time, the Los An
gelenos will have a drilling outfit on
the ground, for the purpose of pros
pecting it in the manner long pursued
by the dredger companies in California.
The object is to use a special drill
suited to sand and gravel, that will
bring up everything cut by the drill
in its progress; start at n edge Of
the lake and sink a series of test wells
to bed rock clear across the lake. As
says will be taken every yard while
each well is being drilled, and a com
plete clog" kept. In this way the
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-12-11
WORK HAS BEEN RESUMED ON
GOLDFlELD-BANNER

Work formally commenced On the
GoldAeld-B Banner lease ON the Booth
Wednesday, with two shifts Of men,
and will be vigorously prosecuted. A
15.h. p. gasoline hoist has been placed
in operation ON the old Banner shaft,
which will be used by the l~easers, the
shaft has been de-wa&ered, and now
work of driving . crosscut from the
150-foot level toward the vi Is in
progress. It il believed that the FAM
Gus Red Top vein win be tapped by
this crosscut, and il the efforts Of the
ieasers in this work are not successful
the shaft will be sunk another 100 feet
and another crosscut driven from here.
The lease il controlled by ]. A. Nc
Lsughlin and associates Of Lincoln, Ne.
braska, and Weber brothers Of this city.
Webb Parkison, just prior to his death,
had secured the lease and was asso-
ciated with the gentlemen who are now
carrying ON operations. A new lease
was granted to the above named gentle
men after the death Of Mr.. Parkinson.
The lease embraces blocks 7 and 8 Of
the Booth, just to the west Of the center
of the claim, and embrace the Kinkead
mill location. Some 225 5000 gallons Of
water were pumped from the old Ban
ner shaft before it was dry. 1t is a
peculiar circumstance that while the
shaft was nearly de-watered at the
time Of Webb Parkison' 3 death, Octo
Der IS, and pumping was discontinued
at that time, when pumping operations
were resumed a few days ago, the water
level had not risen an inch. It is be
lieved that drainage from the old Kin.
kead mill, now imperative, filed the
old Banner shaft.
On the Red Top, adjoining and due
south Of che Banner lease, the Red Top
vein has been one of the principal pro-
ducers Of The Consolidated estate for
some time. In fact on the $50 and $50
foot levels Of the Red Top, ore has been
extracted to within Is feet of the Booth
side lines, the Red Top ledge whore 9
traction was stopped being better than
six feet in width and breaking for that
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-12-11
MOREHOUSE is AFTER NIXON'S
SENATORIAL SCALP

pean standpoint has not been definite
ly determined, but that he will find
on his return a very healthful More
house sentiment is as certain az are
his ambitions to succeed himself as
United States senator from Nevada.
Had the senator been inclined to fIEy
acquaint himself fully with the scnti-
ment existing in his own state as the
result of his activities in the passage
of the late tariff iasco he might have
delayed his visit to foreign shores aud
seen the wisdom of repairing fences in
Nevada. There is no g~ain-saying the
fact that Nixon has not added to his
popularity through his congressional
record. On the contrary his devotion
to the Of the interests in ma
tional affairs has been accepted in
many quarters as proof of the claims
frequently made that he is ove~r-zealous
in his efforts to please certain interests
that derive at least part of their wealth
from the state Of Nevada.
Considering these facts in conjunc
ton with popularity of Morehouse and
the known ~antipathy, which one faction
of the Republican party in this state
bears to the other, and it is readily
seen that Nixon's European visit is
likely to prove costly to his ambition
to again wear a toga. Furthermore the
popularity of Morehouse is based on
something far more substantial than
any popularity to which the present
senator may ever nave laid claim. The
Esmeralda Ia has eminent right to
cherish senatorial ambitions, for should
he succeed in wrestling the coveted
nomination from Nixon and later in dc
feating his Democratic opponent he
would at least represent in the uppe
house of congress the people and not
q few of the large monied interests Of
the state of Nevada.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-12-11
EARL LEASERS ALL
IN The PAY STREAK

On the Mushett lease, on the Earl, at
the 150-foot level, they have six feet
of ore that averages $35 a ton. A test
run of 20 toms is now being made at the
Canyon mill to determine the proper
treatment of the ore, says the Manhat-
tan Mail.
On the Swanson lease they are stop
ing ore ON the 100 and l50-foot levels.
In these slopes they will knock down
in the neighborhood of 1000 ons After
a careful sampling of this ore, Swan
son estimates that it will run ut least
$50 per ton. This ore win be put in
the second grade dump and run when
the first class dump of 800 tons now
out is completed. The ore will be mi!led
ut the War Eagle mill, which is under
stood to be the only mill in the camp
at present that can handle this ore and
AVE the values.
Swanson has two shifts prosecuting
on the 200-foot level, to cut the orc
body they have on the $50 level.
Lease No. 8 (Wardell, Stanley ard
Martin) has a shaft down lis feet, and
has four feet of ore in the bottom If
the shaft that averages $25 a ton. They
are also drifting ON the 100 level.
Lease No. ] (Cace and Riley) is down
ITO feet on the cr~oss-vertical vein. They
have two feet Of milling ore. They
intention is to follow the cross ledge
$50 feet before drifting.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-12-11

width between $50 and go per ton. Ac-
cording to the trend Of the ledge up to
and At the Booth side lines, the ledge
should be caught within 200 feet from
the banner shaft It the 150-foot level,
which corresponds to the 160-foot levol
in the Red Top workings In the Red
Top at present the vein 10 being work
cd ON the 300-foot level, work being
toward the Booth lines, and the ledge
being stopped from the $50 to the $50.
foot level. The ore that is being ex
tracted ON this level Of the Red Top
is a material factor in the milling out.
put Of the Consolidated mill.
To the east Of the old banner shaft
is the shaft Of the Durgan lease, now
down some $50 feet, and it is possible
that when the 25O-foot level is reached
in the Lincoln lease, connection will be
made with . crosscut from the 26O-foot
level of the Durgan workings, the two
levels coinciding. This win afford bet
ter ventilation and more convenient
operation in both properties.
The Palmer lease has been complete
ly financed, and there is now money in
the treasury to carry on all the develop.
ment work that is planned. The man
agement is confident that the Red Top
vein will be reached in the crosscut on
the $50 level within 60 days. If this
be the case, the leasers will pay as lit
tie money for development work before
reaching the "pay" as any lease in the
history Of Goldfeld, probably. The
leasing block embraces what is known
as the Columbia Mountain fault in the
Red Top vein, that has proved a mys
terry to several operators. The vein has
been better proved up now, however,
and the Banner lease shaft is between
the proved part of the vein and the
fault. When the vein is caught in the
lateral workings, part of the work OF
the operators will in all likelihood be
devoted to solving the fault system, and
picking up the vein on the Columbia
Mountain side of the great slip.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-12-11
AROUND
BATTLE MOUNTAIN

BATTLE MOUNTAIN, Dec. 10. :
Battle Mountain mining district is
destined for big doings in a mining way
in the neal future.
Galena, between Battle Mountain and
Bannock, is one Of the old lead and
silver producers Of early days. Mil
lions Of dollars worth of high grade
ores were shipped in early days from
the White and Shiloh group Of
claims in Galena canyon.
The Galena Mining company, of
which E. G. Labadie is head and front,
own this old group of sixteen claims.
Through Mr.. Labadie's influence a
noted French expert, in behalf Of a
strong French syndicate visited the
district in August. He made a thor
ough sampling of the group and took
with him 500 pounds of samples, com,
prising tailings, second and first class
ores. Likewise samples of nearby
properties.
The experts tests and reports were
SO satisfactory that the French syndi-
cate is fully financing the Galena Min
ing company to do extensive develop
ment work and such other needful ap-
plications as to bring the old produc
ers into the line Of production again.
The first work planned is a 5000
foot tunnel that will crosscut the
series of lead and silver bearing veins
of the old White and Shiloh group
and gain considerable depth over the
old workings. The tunnel is calculated
to tap and unwater the present work
ings as well as establish a sufficient
water supply for a larger sized mill
ing plant.
The examination and report makes
plain that this property has great
bodies of milling ores and that same
can be probably mined and milled
by the introduction of modern facili.
ties to handle the character Of ores in
which Galena abounds. This class Of
ore is 80 strong and extensive they
now calculate on the erection Of a
milling plant Of 100 tons capacity
provided the water from the tunnel
should be sufficient for this undertake
ing.
The revival Of lead and silver min
ing ct Galena will attract attention
and is bound to bring into light the
great possibilities Of the large copper
in the district.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-12-11
Will make DRY LAKES
GIVE UP THEIR GOLD

channels that are believed to be under
the surface will be found, and some
knowledge ~ to the adviability OF fur
Their operations gained. If the "log''
figures show that there is probably a
large yardags Of "pay Dirt" land
along the channels" will probably be
staked of into 25-yard squares, a well
to bedrock sunk in every square, a
clog" kept, and when the work is
completed the men who are doing the
prospecting will have the yardage and
its approximate value figured very
closely.
water Near Surface.
There has been some placer gold
found in the Amargosa river, which
has az one of its sources the water
beneath the floor of dry lake. Water
is only six to eight feet below the u
face all wei the lake. From IL TO
% feet below the surface Of the lake
there is q false bedrock or bot
tom, of cemented gravel. This "false
bottom" has caught some gold, but il
is believed that in the gravel beds over
lying the true bedrock there will be
found some rich placer deposits. Moth.
ing but very fine gold has been found
in the shallow workings that have beeq
put down in the lake 50 far, and owing
to the great acreage of mineralized
ground that drains into the lake, and
the frequent cloudbursts that carry
heavy detritus far out onto the level
floor, Mr.. Lee and associates have good
reason to believe that the fine gold
they have found is but q promise OF
greater riches on the true bed of the
lake.
Elusive Phenomenon.
The top of the lake is heavily en-
crusted with salts of various minerals,
borax, ETC., and a curious phenomena
is observed on the lake bed during the
summer. At certain times the whole
lake bed seems to be boiling, and the
crust become covered with small
eruptive spots, with crater like sides
White, brown, grey and black eruptions
follow one another in rapid succession.
until hundreds of acres Of the flat lake
bed, upon which no form of vegetation
grows, is covered with concentric
rings and wavelets of various colors'
And on the outside rims OF these
eruptive zones small gold values may
almost without fail be recovered, show
ing that the sands of the lake contain
some small gold content from recent
water flows. There is no theory for
the disturbances that take place i'll the
lake bed ave that changing water
levels cause changing chemical so!u.
lions and consequent reactions that
cause the sands to bubble and boil.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-12-11
Serial To. o427e.
NOTICE or AYYIICA3101 ~

U. s. Land Once. Carson City, Nesa'a'
Dec. 8, 1903.
Notice is hereby given that the yumuO
Extension Mining comapny. 9 co!pv,s
ton organized under the laws Of AZ.
IONA. by T. G. Lockhart. its attorney ea,a 4
fact, whose postOffice address = uv ~.
field, Esmeralda County, Nevada. Y. 4
made application for patent II e
PolOverda and Dick Bland s!scs -
iooes, survey No. 1926, situate y
SO. T. 2 s.. r. AZ F.. NJ. =. 3
County, Nevada, which are more iun;
described by the official plat pVs -.
thereupon, and~by the field notes =. sr Y
vey thereof, which describe ~ r,s;rs
aries and extent of said l0oe un-;f
claim on the surface as foiloWs'
Poloverda 1ode. n
Beginning at Cor. NO. Il .ar e
s. W. Cor. Sec. So, T. 8, i Z. rs IL;
Thence N. So go E. 6oo.2s feel
Thence s. $50 49, 80" E. sls.s7 80 "
Thence s. go 49, 80" E. sss'7s =
to Thence Ssa, rs 8. : ss;. 80. v. sss.ss feet . =
Thence N. $50 4s, W. l4ss.2e - :
Cor. No. /. the place Of beeinn'1S
DISK Dland Traction 1eNS.s II
Beginning al Cor. No. J. wrenys
$. W. Cor. Sec. So. T: o z =! 9; r. 3 siiislu
M. d. B. & NJ. bears 8. w ~
Thence N. IT, 81 w. sOs.ss ~
2 Thence nc; I Il. So So E. 20 feet g e
Thence 8. So 90 ~ 1870 =
coz Thence m0 !. go So W. 1885, isH
Cor. No. 1, the place Of besinc crn6r
Magnetic variation 81
Total net area Of lode claim s
Certincates OF location o. ~ =
yerda and Dick Bland Fractio.n1 trinr y
pear OF record in Book OF - TiniD
pare 589. and Book frnaI
page 333. RECORDS
aida County, Nevada, respecinv ~
Adjoining l0des, as snow lermont
plat OF survey, are SIR n ~
No. 1896. Curley cor IA veIyt g
st. Ives, Sur. No. 21Ss, anu
Su The above net area Of la,so; 1900
cres.Iv excludes .O26 acres m~sv. =
ketveen Poloverda lode, this ~ ~
Clermont lode. Sur NO: 49, io1A -
In conflict between foioS cvr IA. ~
eurvey. and st. Ives looe. ~ P01ogeS
,001 acres In conflict D . Geofoe ~
lode. this survey. and Cu.ay
Bur. No. 2226; 6.6ll shis snfv&
Vslvef lode (unsurveyedl: "a
between Dick pI es
me fhis auryey, and st. iveS~sGld
210o: and .241 acres - ficf
tween Poloverda lode ano .urvSf..
Fraction lode. both Of tnaI J. cor.
Date Of nrss publication. Dec
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-12-11
SPECIAL ADVERTISEMENT

Wanted-To know the Whereabouts
of Charles or Carl 0. Nelson, As years
old, supposed to have reached TIE
Goldield district four years ago. LAt
Topeka, Kansas, at the age Of 10 I'd
has since been a cook and prospeeta
in Colorado and Nevada, He has bt
come heir to some property. Pleas
notify o. w. Foberg, 1926 Association
building, Chicago.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-12-11

WANTED-To furnish your location
and labor notices. Proof Of an
nual labor must b fled soon.
Get blanks a The News once.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-12-11

: Superbly printed panorama Of =
= Goldfeld, on finest Of heavy plate .
= paper, size 1896 inches, principal .
= mines and leases indexed, in tube .
= ready for mailing, only rs cents, .
= at The News Office. .
-
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-12-11

Wanted assessment work to 90; WI
do 1t in q m~ining-like manner; measun
up h ground and make a full mimi
report on the property. Address, = =
Hine. M. E., care News.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-12-11

FOR sALE-something new in fancy
box stationery. News Office.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-12-11

SHORT Of stataonerys We print The
best. Phone 1874.