The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-06-05

w. b, Chicago.-We have thoroughly
investigated the affairs of the st. I've.
Leasing company and believe that a re-.
organization scheme, such as presented
in the Codd Mines company, is the only
way to secure money with which TO
prosecute the work of the company
leases. The st. Ives was out of money
and all the treasury stock issued. The
company owns the St. Ives lease in
Goldfeld and a very promising lease
in Rawhide. Next to the Rawhide
lease excellent ore is being extracted
from a ledge that passes right into the
st. Ives block, and there can be NO
! doubt of the st. Ives lease getting the
same ore as it has already been drifted
ON up to the side line of the latter
lease. Without more money the com.
pany would have to go out of business
and stockholders lose everything. As
it is, the Codd Mines company will be
able to finance the leases. st. Ives
stockholders get shares in the former
company for their st. Ives holdings;
beside, out of a capitalization of three
million shares, two million remain in
the treasury. Some excellent property
at East Walker river has also been put
into the company, which the company
owns outright.
J.. M. O'G., Duluth.-You doubtless
saw an answer to your query in last
weeks issue. We should like to retain
your letters for a time until we have
probed to the bottom of this affair. We
have already given you enough to show
that you have been deceived and that
the statements made by the fiscal agents
are not to be depended on. We are not
surprised that the fiscal agents showed
resentment at our exposing them and
denounced us as "blackmailers," etc.
We get that right along, but always
through second parties. AS long as We
have been conducting this department,
which is now nearly four years, we have
never had any one with the temerity
to charge us directly, either through
spoken or written word, with being
"blackmailerso or otherwise dishonest
or malicious in our statement, but very
frequently promoters or fiscal agents
take a whirl at us in writing to Others
in an endeavor to discredit our reports
and bolster up their lying represents
lions. Although The News in these sew
eral years has been straightforward IN
exposing swindles, it can be said for the
trustworthiness of the paper, that t
has never once been sued or threatened
with suit for any statements made.
M. E. M, Fort Benton, Montana
Keane Wonder is making a good output
and we are told will probably release
itself of it's Indebtedness to the State
Bank and Trust company soon. Watch
our news columns for news from time
to time, about this property. (2) II
you are a stakeholder of the Bullfrog
Goldbar, you probably have had an Off,
cial letter, by this time, stating that
the efforts at reorganization had not
been successful, as a sufficient number
of stockholders had not responded ia
ynrahly m tho prnnnoifiou
o. ]. D., Williamsport, Pa.-The
Gibraltar lease is being worked right
along with four men, prosecuting to
get a vein opened up in an adjoining
lease. There seems to be sufficient
funds to keep the property working
for all bills are promptly met. G)
Nothing to speak of is being done on
the other property of which you ask.
G.. 8. W., Lawrence, Mass.-The Ne
vada Bay State Oil company is still
working away trying to get to the point
where they believe oil in commerelai
quantities will be found. The drllers
have had endless trouble in sinking
as they have broken or lost their tools
several times and were compelled 70
submit to exasperating delays bringing
in machinery, casing and other sup
plies from the coast. They have struck
pockets of oil at various depths ana
feel very positive that they will event
ually get a large flow. They are no"
down about HOO feet, and have been
penetrating blue clay for 100 feet.
J. H. s., Macon, Ga.-The only trou-
BILE with Consolidated stock is that y
has fallen among the thieves ana
sharks of Wall street. The mine y
greater than ever, but mine conditions
have no bearing upon the worth anu
price of the stock when the stoekJoV
bers get after it. For instance, ths
stock was sent down to Sa'"
one day this past week, and by nign'
was selling at $3.50, or a fuctua'l0n
OF two and a half million dollars W
the capitalization. In the few hou's
OF this stocks plunge and rise the eo"
dition of the mine hadn't changed :
particle. 1t was purely stock maniPu
lation. You say that in New ION
they say that ore has not oeeA