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

THE ooLDrIELD NEWS, SATURDAY, JUNE g. Is
expected to Be absolutely accurate. but, rns News has attempted to come as
Gloss 70 the mark ~ possible
For instance On April ls h estimate, of the consondatsd's produc
son for tn nns nssm day. Of the month va s4s2ooo. The estimated
Including "saim.ssd.' high grade shipment. Of about slssOoo from the
hampton seops This ''sstimass'' for the week ws somewhat too high. be
value pr tor In the milling orr. bringing IL down considerably below the aver
age grade that had prevailed shrstofoss The milling values still being held
would give approximately 1857 Is the value of the product Of the two
min. or shas week, there being no shipments Of hish-uads from the Hsmp
OF Slope making 9 total "sstima.sd,' production Of slo17oo
At the end Of April a ssmtomcdA estimate Of the lot values recovered for
the month showed ss2o1oo. This a. independent Of the customary loss in
milling which had nos been deducted in the estimates Of actual production
The omcal statement Of the Consolidated company. issued May e. showed
not recovery for April amounting to ss4z542ss.
1t win be seer. therefore. that tn unomcial estimates made by The
News from time TO time have been well within conservative limits IS nsar
as the facts and circumstances would permit Tho errors have been very
slight
Regarding estimates" of the output of the Florence company. and the
sworn statement given by omcials of that company to the bullion tai collector,
The News will say that 1t has attempted to exercise the sam care in its ng
ures on the Florence mine that IL has concerning other properties The News
is not concerned. in this connection, with the differences Of opinion between
the bullion tax collector and the management Of the Florence company. Our
references to the operations Of the company have been independent 4 the oer-
atoms o. leassrs n II the company believes that thu loss o. N leases
should be figured In the operations Of the Florence mine. it simply become a
question Is 10 the Interpretation Of the bullion tar Law.
The Florence company has certainly been under heavy expense in devel
opment work and connecting up old lease workings and oter Improvements
ne nine as beer opening and producing a large amoun Of ore'a N accord
ing o a statement Of President Lockhart, made about March "a the mill has
been running a a profit since the day it ws started In that statement
MI. Iockhart said:
About $50 tons of ore are going through the mill every day. Some
times W . u 40 stamps, sometimes IS. sometimes less than that but the
entire system is going smoothly, and thu only reason W . are lot runnmg TN
entire battery is because we have only two tube mills It te present time,
n are running up TO their fuu capacity OF IN regrlnd. w III ""
another tube mill after a WHILE and then u all OF the stamps. It Is lot a
question # stamps with us-t is a question of how much W cal get through
the tube mills The mill is equipped with the best machinery that money car
buy and the best that modern milling practice has yet made available We
ar low turning out about five on Of concentrates every day, besides the
values that are caught on the plates and in the tanks We are getting caught
up OF the cyanide, and the last bullion extraction ran 90 per cent pure gold.
The concentrates are now running $3.50 per ton, or better, and they have
averaged about $3.50 per tor eve since the mill was started he mill Is GER
tainy making money and constantly adding to the treasury Of thu company
We do not presume that the Florence company desires to take thu posi-
ton that the mine is ct producing IRE or the mill running In accoroanc
with the above omcial statement ef President Lockhart but it is lot within
the province Of The News to determine thu costs or expenditures in develop
ment work mi rovemen Within III last month Mr.. Lockhart stated
that the mill was turning out at least $4,000 per month, and W have it OF
authority that the mill during April actually increased its output Il above
$4,000. If MI. Lockhart wants % charge up the dead work done by easers
poses of evading the bullion ak law, it is a simple matter of bookkeeping,
but it puts the mine in a poor light before the public and reflects upon Gold
field and upon the newspapers which have been trying to keep their readers
informed with he real facts. The News doesn lot intend to be ddscredited by
any taxevading corporation or by any stockjobbing brokers who may be
distorHng the facts Tor their WI purposes either X evade the law or to bull
or bear h stock market.
Further commenting upon what it says are false and misleading reports
from Goldfed, the Commercial says: UNLESS the leading interests in the
active Goldfeld companies change thert tactics take the public inoth heir con-
fdence to a reasonable extent and give all a fair chance, Goldfad will soon
be as dead lin the New York market as Cripple Creek. It was the same kind
Of tactics that killed the big Colorado camp lin New York."
The only active trader in New York among the big Gldheld mines is
the Consolidated, and the Consolidated has pursued the policy o. issuing
monthly statements of its exact output and profits. That company is not re-
paper from time to time and has tried to curb its dehriun- No doubt many
with that paper. The News certainly, dsclatms any responsibility in the
matter, Is its files will show. The whole trouble hesi in sensational newspapers
and in consdenceless and INSCRIPTIONS stock jobbing brokers in the east