The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-01-16
CONSOLIDATED TO PAY OUT
OVER A MILLION DIVIDEND

quirsd Godfeld," said Mr.. Mackenzie in
speaking of the conditions ''Under the new ar
ranger ement provided for at the meeting there will be
three repositories for the companys funds, the first
being the Crocker National bank Francisco the
second the First National bank of New York. and the
third the John S. Cook bank of Godfeld Mr. Ralston
is assistant United States San Francisco
and a of the highest integrity
The annual report reviews the extensive under
ground development which has been prosecuted during
the past year, the marvellous bodies exposed, the
construction of the 600ton mill, the work and ship
ments of the easers and outlines the future working
plans and prcftmaking possibilities of this rich
age the dividend possibilities being based upon in
sight and proven values.
Management Is Conservative
Readers of The News have kept constantly adj
vsct as to the progress and development of this
velousy rich mining estate, far it the policy
Of the management thereof give the information
Conservatism has marked all of the information given
out by General Manager Mackenzie, and that these
ports have been conservative is borne out by the
declaration of the 3O-cen quarterly dividend and the
assurance only of its continuation for indefinite
period, but the possibility of extras from the
cumulated surplus.
One of the most important of the recent develop
ments from the Mohawk shaft has been the cutting of
what is believed be the Jumbo ledge by crosscut
the 600foot level, and the opening of large body
$500 point 470 feet from where the
started. The vein is about three feet wide, with
northwestery strike and dipping about like the Mo
hawk 1t is said to break from wall to wall about $500
per In the Mohawk Slopes this level ami
about 400 feet southeast of the main Mohawk shaft
there is about 3s feet of high grade
Shaft Nearing 1000 Feet
The Clermont shaft is still being pushed down
through the Mohawk vein, which encountered at
$50 feet reach the footwall where it is believed
greater values than have been discovered in the
mine will be disclosed. The shaft is nearing the $50
point, and will be dropped down to 1000 feet before
station is cut and drifting commenced. The
CINE house this shaft is nearly completed and the
2oohorse power engine, which will be driven by
pressed air, is expected to arrive any day.
Drifting in ore continues north and south from the
bottom of the Red Top shaft, and immense body If
high grade is being opened
The showing on the Consolidated Red Top lease is
of most satisfactory character, the averaging
500 per ton, and shipments going out at the rate
of about 100000 per month.
The Combination mill of twenty stamps will be kept
at work on Combination alone, and its output Will
be about 100000 per month, to be added to the
SIS 100000 annual product from the Consolidated
100 stamp mill.
Miles of underground workings throughout the Con-
soaed ground contain millions of tons of high grade
milling already proven up and blocked out and the
mills doing their part toward continuation Of
the recordhreaking dividends which have just been in
augurated.