The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1910-07-02

ground, that is now merged into he
American Double Eagle. The asses.
merit work has been kept UP, we un.
derstand. While the ground seems
good from a prospect standpoint, the
company does not seem able to raise
money for development, although we
believe that the proposition to stock.
holders which you send US was made
in good faith.
H. G. T., Red Bank, N. J.-The Jolly
Jane lease, after the expenditure Of
some So, 1000, was forced to quit work
on account of lack of funds. The
working shaft is down 125 feet. and in
a good showing of low grade ore. The
promoters are recognizing the company
so as to have \ much larger treasury
reserve, and has a renewal of the lease
at Pioneer, and as soon IS the. general
interest in mining investments war
rants, will enter the field at Pioneer or
elsewhere where there is q good CD.
portunity, and do mining to the extent
of the backing it can secure. There is
| the strongest reason to believe that had
| the lease started at a time when it
could have secured funds for extensive
development, it would have made good,
for indications were that the shaft was
going down on top of an ore shoot.
The reorganization will protect every
stakeholder, and at the same time in.
crease the treasury reserve. The com
pany is not a dead one, by any means.
G. L. R., Omaha, Neb.-The Railroad
Springs company, working property p
miles south Of Goldfeld, seems destined
to be a fine piece of property, and to
make money for its stockholders. The
promoters are doing extensive develop.
ment and spending company funds,
seemingly, in such a manner as to give
the stockholders value received. (2)
The Atlanta estate is being developed
by seven leases, and an eighth is soon
to start. The company is doing no
work, and beside a small fixed Office ex-
pense, is at no expense. More work is
being lone on Atlanta ground than on
any other estate in the camp outside Of
! Consolidated and Florence.
R. w. c., Columbia, Mo.-No work
is being done on the Mayfower Con-
solidated property in the Bullfrog dis
trict. The Pioneer Leasing company
has leased the mill, and is handling
about 45 tons per day, paying the May
flower company so cents per ton royalty
for the use of the mill. The May
flower, in the opinion of the mining
writer's of The News, is one of the most
promising small mines in the state Of
Nevada, If only handled rightly, but
ever since it has been started it seems
that it has been the victim of stock
jobbing and manipulation, and too
frequent change of management to re.
suit in anything but trouble for the
company, as well IS expense.
J. B. W., Denver.-The Yellow
Tiger company is doing steady develop
ment work, as You will see each week
by watching our news columns. As
yet the Tiger is in the prospect stage,
"
but the money of the company is being
expended in earnest and economical en-.
deavor to make a mine, and with fair
prospects of success.
T. B. r., Austin, Texas-The Fly
property of which you ask, while at
first regarded as a wild cat ,~1oration,
under actual development appears 20
be making q mine, and may in fact
prove to be one of the biggest mines
in the Ely district-a district of great
mines. Write to the Sheftels company
of New York for detailed information,
which they will doubtless send you.
The stock looks good to hold on to,
however.
B. F. B., Milwaukee-We have no
knowledge of the internal affairs OF
the Nevada Eagles, which is an Arizona
corporation. We understand, however,
that IN compliance with the state laws,
a statement of the company affairs,
finances, operations, etc, is being pre-
pared, and will soon be fled with the
attorney general, the county recorder,
m a copy sent to each stockholder'
and that this statement will soon DC
hled and mailed. You have seen IN
these columns recently a statement a.
to the physical condition of the prop
srty, after an extended personal In
v~estigation and sampling by the MN