The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-05-01

that the lndlan springs ~"
Coin Mining company lost their ground
lac. wear on account of their inability
,, do the annual assessment work;
eould not raise the funds necessary.
T. D. R., Boston, Massive an
swered a query about the New forh
Nevada Gold and Copper company a
few weeks ago, but have received TINS
additional information. The company
had and now has 10 claims about 10
miles northeast of Goldheld, known as
the Boston group. The claims were
two years ago when the work
Tor that year was done. They lost the
claims in 1908 because of lack OF as
sessment work. They employed parties
tn relocate the claims on January 1,
1909. but did not furnish the money 10
do the work and again had them re-
located on April ., this year. In l9o'
the company took an option on a group
of claims known as the Montreal-kin-
u
kead. These claims had been worked
and "a good production was to their
redit. The deeds were put in escrow
in a Goldheld bank. A thousand dol
lars was paid on the bond, but moth
ing more, and only recently the bono
and escrow papers were taken from the
bank, the bond having long ago expired
We understand hat an officer of the
company owned the Montreal-kinkeade
ground outright and that anyone would
be prosecuted who claimed to w the
ground other than themselves. Tins
was a downright falsehood, and as the
parties have sold upwards of $lO,ooo
worth of stock in Boston and vicinity
upon the claim of ownership to the
Montreal Kinkead properties, the atten'
ton of the federal authorities should
be called to their criminal act. james
Rice, 5O4 Rector building, Chicago, we
understand, is president OF the com
pany. This promotion was put out IN
the East by Eastern fakirs, but Nevada
gets the credit just the same for this
and other wild eat promotions for
which it is in no wise responsible.
T. L. G., Philadelphia-We can give
no one reason for the advance IN the
price of Tonopah stocks. All the mines
of the camp are looking fine, especial
" the Tonopah Mining, Montana Tono-
pah, Belmont and the West End, and
the stocks are advancing on their
Besides the price of silver is
advancing, and any fractional advance
helps the large silver producers. We
cannot do better than quote you what
is said on this subject by r. p. Dunlap,
secretary of the Montana Tonopah
Mining company. Mr.. Dunlap said:
81 ascribe the advance in Montana
as well as in shares of all of Tonopah s
producing mines, to a number of cor
causes, one of the most potent
of which is the recently issued seventh
report of the Tonopah Mining
company of Nevada, which crystalized
the opinions of the eastern investors
regarding this camp. Recently there
was a vast sum of money disbursed iii
the form of dividends from industrials
in the money ~centers of the east. This
seeks reinvestment and the al
most incredible showings of some of the
Tonopah producing mines is such that
the safety Of investment in them, as
well as rapidity of returns, either In
or appreciated share valua-
lions, has caused this influx of buying
These are but a few of the
reasons for the advance in price of
Tonopah stocks, which / am confident
is based upon excellent judgment"
T. M. L., Salt Lake-The suspension
of activities at the Furnace Creek
mines by the Clark Copper company
by no means signifies that the manage
ment has lost all confidence in its
Greenwater holdings. The properties
will be held, and as soon as conditions
warrant work will be resumed. Tie
development now going on at the
Death Valley will give the
Clark peope an excellent insight into
ore conditions of the district at great
depth.
M. g., Harrisburg, Pa.-The Home
stake mine, aout eight miles west of
Rhyolite, elosd down last Saturday,
throwing abou thirty men out of EN-
ployment. 1t is announced that the
shutdown is foran indefinite period.
c. s. W., Miwaukee.-We are in
sympathy with you in regard to the
failure of minilg companies to made
frequent reports of underground work
done, as in Toppah. In that camp,
the big mines furnish the weekly re-
ports made by nine superintendent to
the papers, but nthing of the kind is
permitted in this amp. OF late, how
ever, the representative of The News
has been given access to the larger
mines and to all th new developments
and the public has been kept thor
oughly informed of conditions.
L. M. h., Kirkwod, Mo.-The Sand
storm-K Kendall Leasing company has
gone u of business, 1t opened up a