The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-13

(rTeenWaLtE IT uthaNt D'fPth Gull
many. we find from the best authority.
that work was commenced on the prom
erty September, 1906, and continued
until May, 1907. The work consisted Of
| sinking a shaft and drifting. Sale Of
! stock stopped because of the panic and
work was closed down and nothing has
been done since. The cost of the work
was enormous, lumber costing $40 per
1000 feet. Freight from the T. & z.
railroad cost 4 rents per pound. Water
cost 81 per barrel and hauling. AT this
rate, money soon evaporated- An ae.
~countant went over the books Of the
company and found that every disburse.
ment was properly made and absolutely
nothing charged to the Greenwater
mine account that should not have been
so charged. A voucher system was used
and there is a voucher for every dis.
bursement. Our informant, a disinter.
csted party, says that OF, McGarviu
& Brown did everything possible to
make the proposition a success and ''f
ever there should be a strike made at
Greenwater and those stocks were in
demand, they would do their part in
rcsurrecting the G.. +. c. G.. Co.
A. G. NICK, Houston, Tex.-We do
not know what claims the promotion
company make in their advertising for
their Red Top lease, as for reasons of
their own, they are not exploiting Their
lease locally. Perhaps their statements
will not bear the light of local scrutiny.
Wildcatters never advertise in the local
Goldfeld papers for reasons that are
obvious and keep their literature out of
the hands of The News, especially. The
promotion house in question has put out
a dozen or more companies-ye yes a
score, and history does not record
where they ever paid a dividend. They
took out a lot of ore last summer and
fall from a Goldfeld lease, not, how
ever, as much as they lead the public
to believe, but there was nc sign % a
dividend, and too, this is the nearest
they ever came to making a success.
The two members of the promotion firm
are the whole thing in all their com
panies and no one can ever get at the
true inside situation of the affairs OF
the various companies. (2) The other
firm of which you ask stands high in
Goldfeld.
T. T.. NJ, Philadelphia.-The prin.
ciple work going ON at Grcenwater IS
on the G~reenwater 4 Death Valley
which has a shaft down LOO feet and
is working about 20 men. There is
som other work going on. Greenwater
suffers the disadvantage of being %
miles from the railrorad in a country
that is extremely rough and rigorous.
Until some means can be devised to
lessen the freight rate into camp,
whereby living and mining supplies can
be had at a more reasonable price,
Greenwater cannot be expected 70
thrive. 1t is a possibility that the
means of ingress and egress for freight
and ores will be by tunnel through the
mountain to Death Valley, and that a
railway through the valley will be built
for communication with the outside
world. Such a project is being con
sidered seriously, and its consumm4-
ness of the mines of the great copper
district.
T. J. s., Cheyenne, Wyo.-In the
Fairview Eagles at the 200-toot level in
a crosscut that was run for a distance
feet wide has been opened up. The VEN
seems to be faulted at this point ami
the shaft is now being sunk to the 400
foot level. One shipment of 20 tons,
which was saved, gave returns of l59
ounces in silver and about / ounce IL
gold per ton. 1t is believed that when
the shaft reaches the 400-foot level thu
faults will cease as indications in tins
and other properties point to the fact
that the line of disturbance does not
reach much further under ground than
this depth.
P. H. L., New York.-The Chicago
Goidield Mining company owns terri
tory IN the extreme northern end of the
district. j.. w. Smith, late of the
Hayes-M onnette lease, was one of the
organizers of the company and is Its
president. The Chicago Goldfeld gave
a ten years lease to the Old Colony
company, and this latter company gave
a suitcase to the Gold Medal Nj. q L.
company. The Gold Medal peop'e
spent about $4,000 on the ground ami
gave it up, and no work is now being
done. Neither stock has little mar
ket value. Write c. w. Claybourne'
l71O. Old Colony Building, Chicago.
R. G. M, Chicago.-It is claimed b
the Goldfeld Empress people that then
mill will be in commission by March !.
1t is reported that the company has !
large tonnage of milling ore blocker
out and that from 80 to 35 tons of orr