The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-05-22

M. M. R., Goldfeld--Aecording to
tho decision in the case of Kelley VS..
MeNamee, 164 Federal 369. October
1905 a mining partnership, unlike an
ordinary one, is not dissolved by the
sale of the interest of one of the part
ners: but it does not follow, from the
mere continuance of the partner sell
inp his interest that he continues liable
for all the debts of the partnership
subsequently incurred. Under certain
circumstances he may continue Iapie
for a subsequently incurred indebted
ness of the irm. Thus where the part
nership was indebted to laborers for
work done while the selling partner
was still a member of the hrm, ana
the laborers continue their work upon
the property without notice of the
sale of the partners interest, the re-
firing partner will continue to be lia-
BILE. The rule is that the liability OF a
general partner for the acts OF ms
copartners continues, after dissolution
of the partnership, in favor of persons
who have had dealings with and given
credit to the partnership until they re-
ceive notice of the dissolution. But
a retiring partner is not liable for the
wages of miners after the sale of his
personal interest where they have no
tice of sale; neither is he liable for
the wages of miners subsequently EN-
ployed and who had no knowledge of
his connection with the partnership.
T. T. j., Wossen, O.-The government
makes a profit in the operation of its
minis. While gold coins are made prac-
~tically without cost to the owner of the
bullion, a sufficient profit (called seig-
niorage) on the silver coinage and the
nickels and pennies manufactured dur
ing the year is sufficient to more than
pay all expense of maintaining the
minis and assay offices. The govern
ment buys the silver, nickel and cop
per at its bullion value, which, in the
case of silver, costs about half the face
value of the coin made from it. The
actual cost of a nickel or five-cent
piece at the present price of metal, in
Guiding the labor and contingent ex-
penses, is about two-ffths of a cent
each, and the cost of the one-cent piece,
including metal, labor, etc., is about
one-ffth of a cent each. In addition
to the profits on silver and minor coin
age, the government has a source OF
revenue and profit from charges for
refining deposits of gold and silver,
charges for the alloy used in making
the coin, ~assaying, making medals, sale
of b~y-products from the refining opera
tions and the coming of money for
other governments. The total earn
ings OF the mint and assay service for
the fiscal year ended June 30, 1905,
was $I0,942, 900. 9s, while the total ex-
penditures for the entire service, In
Guiding salaries, wages of workmen,
contingent expenses and the loss In ope-
r%ations, amounted to 1885, S43.24, leay'
ing a total profit of $S,9S7,O57.74. OF
rms income for the term above stated,
the seigniorage on the silver coinage
was $s,7l3,4l3.35 and the seigniorage
on the minor coinage for the same
period was 81, 535,029.42.
G. s., New York.-We have exhaust
ed about all our resources to get some
thing recent on the Jumbo Comstock,
but without avail. We have nothing
late in our files and none of the cur
rent mining literature speaks of the
Jumbo Comstock. Nor are letters sent
to the last address of the company AN
swered, and We are lead to the con-
eIusion tina the company has about
gone out of existence, but will try fur
tner.
J.. w. S., Lynn, Mass.-The Reliance
Nevada Fairview has 10 claims. Only
assessment work for 1908 has been done
and no work in progress at present. Tn
ore is low grade in gold and silver;
we understand there is a fairly good
showing with prospects of better ore
with development. There is no cash in
the treasury, but plenty of treasury
stock which will be sold as soon as
there is a market.
T. OH, Pitts6eld, nl.-The CONSOLE
dated Greenwater Mining company has
80 claims, and the work consists of a
300-foot tunnel. There is no work now
in progress and none has been lone
since last December. No ore has ever
been shipped. The assets of the COM
pany beside its claims consist of 800
feet of rail, ore car, blacksmith shop
and a few tents. The treasury is de-
pleted. There are said to be some very
good claims in the group. The com
pany S Office is at Tonopah, p. o. box,
972.
J. T. s., Heron Lake, Minn.-Com.
pany you inquire about is still working
its lease and producing enough ore to
pay expenses of development while
prospecting for a larger ore shoot.