The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-04-24

dividend paying basis, as the monthly
earnings of the milling plant indicate.
Hickey entirely from the Keane Won.
der affairs, and the control of the
property is to rest in the hands Of
wealthy men who will treat every
stakeholder on the square. The prom.
erty is now ON a paying basis, out.
putting from $4,000 to $4,000 a month
in gold bullion, and had not pressure
been brought to bear upon Homer VII
son, he would have paid off the entire
Indebtedness from the output of the
mill. The proceedings to set aside the
sale of the property were made with
full knowledge and consent of Mr.. vii.
son. although Mr.. Hickey and Mr.. Peek
fought the proposition to the finish be.
fore they would yield. This is, perhaps.
the first instance in which L. Ii. Hickey
has "backed water so to speak, in
any transaction connected with the
failure of the State Bank and Trust
company. Admitting that the trading
of accounts with ID. Mackenzie was
Illegal, Mr.. Hickey had no other al.
tentative than to admit his defeat in
the intervention proceedings.
P. N. p, Escanaba, Mich.-You will
lave to give us a little fuller data.
There was a Nevada and Eastern Leas.
ing company, operated by Judge Will.
stedt, but we nave no record of a Ne
vada and Eastern Mines company. Let
us have all you know about it to help
US in our Investigations.
w. g. H, Hadley, MASSIVE have
the following additional information
from our representative Mt Luning, re-
garding the New York-Nevada Copper
Gold Mining company: 81 have made
inquiry of the New York Copper God
Mining company and find that they did
have a group of claims near Acme. Mt
enough development has been done IN
them to tell whether they were any
good or not. They have no claim IN
the ground now, however, and it h-
longs to a Mr.. Parker. As near as
can find out it was relocated at tie
first of the year. l think your article
Of a few weeks ago was about corret
with the exception of the above l.
formation
T. M. p, Pittsburg, Pa.-Our advice
from Greenwater are that every man
the G%reenwater Copper Mines and
Smelter company is buying stock in
that company, and the superintendent
recently bought 10000 shares. Tn
ledge at the 1,000-foot point has bee
opened up and the ore runs at least l.
per cent. This is considerably bette
thar at the 500-foot level. Greenwate
has at last come into a great mine, az
parently.
r. s., Greenwich, Iu.-Tbe propery
N question is fairly well located and
regarded as a good prospect; but no g.
tive work is being done on it at preset.
The group south of Goldfeld is ut
worth anything to speak of. The CLANS
near Diamondfeld are of more merit.
g. A. R., Portland.-The Nancy Do-
aldson has resumed work and has quie
an outfit camped on the ground. Sone
time ago work was suspended for soma
reason, but at that time there were
good values in evidence. At one tine
there was a streak running up to $500
but it was local. The present shaft il
down $50 feet and all told there has
been about 500 feet of work done.
Codd' s Red Mountain claims are in the
immediate vicinity and they hav'
shown up some good ore.
M. B. w, Portland.-You ask "wha'
is the matter with Goldfeld anyhow?
Nothing is the matter with the camp OF
Goldfield, but the stock market is suffer
ing from general debility, induced BY
an over issue of wild eats, a super
abundance of labor troubles and thu
general depression throughout tr
country. AT one unexpectedly whel
you bought your stocks, a speculative
craze sent mining stocks far beyond
their real value. A reaction set in ana
they are now selling for less than Their
intrinsic worth. The camp of Gold
field, as you must know as a reader Of
this paper, is outputting almost twice
as much as at any other time in its his
tory; and properties that are mines now
are selling for less than when they were
merely prospects. We are beginning T"
feel the effects of improved mines con
ditions and before long we expect 70
see stocks of all kinds selling more
nearly their true worth.
W. M. M, Elgin, In.-The Red Top
Mining and Leasing company IS sun
sinking and is now at a depth OF ="
feet. In tho aouroa of aiukiup they ct