The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1910-04-02

thO AhohSN MBs
The property is in the extreme part of
the district, where, as yet, nc mines
have been opened up.
s. w. H., Chicago-We are informed
that the Nevada Frisbee at Ida is
working right along and that the out
look is promising. The shaft has
reached a good depth and some values
have shown.
T. s. N, Providence, r. 1.-The vul-
ture Extension lies north of the vul.
ture mine at Wonder. The value of
the ground is p~roblematical, as not
much work has been lone in that i'm.
mediate vicinity. We are not acquaint-
ed with the recognized company, AMI
no one in the Goldfeld district can give
us any light ON the Rainstorm, the name
of the reorganization.
L. G.. NICE, Stockton-Get on our
regular list and you will be sure of an
swers to your queries. Something about
the Blue Bell appeared in these columns
only a few weeks ago. The company
has good property in Goldfeld district,
but it was never exploited. A large
amount of treasury stock was traded for
the Stokes mine at Berlin, one of the
old-time producers. Money was spent
putting the mill in order, and the big
dump was put through the reduction
process, but the saving was small. The
company did not make a success of OPP
Grating the mine, as it had little or no
funds with which TO do development
work, and the workings were leased to
a Mr.. Pierson, an officer of the Blue
Bell company. The proposition as
company was a good one and at one
, time it looked as if the Blue Bell would
make a big winning on the mine, but
the lack of funds, which c~ripples so
many otherwise meritorious PROPOSE.
! %tions, caused this to be a partial
failure.
J. M. K, Denver-Some work is be.
, ing done on the ~Columbus-L ee-J
f group, and recently a little rock was
a struck that assayed, the values being
r mostly in copper. A hoist was put on
: the property lately and it seems as if
more mining may be done now than for
some time. 1t requires nerve to mine in
that section.
D T. R., Pittsburg-The Montgomery
Mountain company is being sued for a
debt by the National Bank of the Re
public, Salt Lake, the amount Of the
Indebtedness being $4,000, covered by
a trust deed. In order to pay off the
Indebtedness and save the property a
new company is TO be organized, under
la name to be hereafter determined by
the committee, to acquire the property
at the trustees sale. The new com
pany will be capitalized at the sum of
PAjcOV3OOO, III I,COO,OOV ondiCo
of the par value of ISL each, which
stock shall be issued fully paid and
assessable; 100000 shares will be set
aside as treasury stock. In order to
furnish the necessary capital for the
purchase OF the property at the trus-
tees sale, or for the discharge of the
debts of the company, and to cover the
expenses of the reorganization, the
stockholders of the old company Will
be required to subscribe to the capital
stock OF the new company share for
share to the extent of their present
holdings, and to pay three cents (3c)
for every share so subscribed. Every
stakeholder SO subscribing will receive
one share of the capital stock OF the
new company for each share now held
by him in the old. Stockholders who
desire to participate in this plan VIII
be required to deposit their certificates
of stock with the Utah National Bank
OF Ogden, in the city of Ogden, Utan,
together with their remittances in full
Not later than the first day of May,
1910. All certificates of stock, in order
to be entitled to deposit, must be In
dorsed in blank. The reorganization
committee consists of Samuel New
house, M. M. Johnson and III. Z. Perry,
secretary
A Small Fraction Immediately Adjoin-