Los Angeles herald., 1910-01-19
ALAMO TO MAKE
DISBURSEMENTS
MILLER SAYS DIVIDENDS WILL
BE LARGE
CLERMoNT ENTERS BIG VEIN ON
1ooo=FoOT
Work May Be Resumed on Yellow
Tiger at Once-Elks' Lease Con-
trolls Property-Mines Are
Redeemed

GOLDFIELD, Jan. 1S.-News of the
most gratifying nature has been re-
ceived in this city from Johnnie Miller
at Hawthorne. In a personal letter to
i. L. Patrick, who is a stockholder oil
the Alamo Mining and Leasing COM
pany at Lucky Boy, he says the Alamo
will make regular quarterly dividends,
and that before the year 1910 mas eX-
pired the company will disburse dlYl-
dends to the extent of from SO cents TO
81 Il share.
The immense ore bodies recently eX-
posed on the 550-foot level are so enor-
nous as to be almost unbelievable, ana
the average values far excel that taken
out in the old Hubbard lease, when
went a little over $100 ton after maui
ing and reduction charges were elm
mated. 1t will be remembered that the
Hubbard lease shipped nearly $1,OOO,OOO
worth of lead-silver ore during the
short life of the lease, and that at it's
expiration the parent company went
right on with the development of this
bonanza property, under the manage
ment of Johnnie Miller, who is perhaps
the heaviest owner.
Clermont Recuts Big Vein
The big vein which has proved so
rich on the 750 and 900-foot Levels OF
the Clermont shaft workings of the
Consolidated has been reached on the
1O00-foot level, and developments from
now on will be watched with intense in
terest.
The footwall Of the vein was struck
Tuesday, and as far as the vein has
been penetrated it shows that 1t Is
strong and well defined, and has every
characteristic of the vein on the Levels
above except that no pay values have
vet been opened. The vein is highly
siIicified and carries considerable iron
s,1Inhides and the alunite which is typ
ical Of this and other of the Consolidat-
ed veins.
Work is to be resumed on the yellow
Tiger property almost Immediately.
John w. Bates has received advices
from Denver conveying information
that at a meeting held there Thursday
the interests of the Yellow Tiger MIN
ing company and the Elks Leasing
company were merged, the capltal
stock of the yellow Tiger company be-
ing increased from $1,500,000 to $2OOO,OOO'
and all machinery, equipment ana IN
terest in the Elk lease was taken over
by the parent company, the lease being
Cancelled. Arrangements for underwrit-
ing shares to the amount of $4,000
were made to provide working cap
ital.
John f. Champion, the millionaire
mine owner of Denver and Leadvllle,
who was one of the principal owners
in the Elk lease, is now in control OF
the yellow Tiger Mining company un-
der the new arrangement. A number
of other wealthy Colorado mining men
are interested with him.
Carl G. Johnson and Frank e. John
son, eastern capitalists who control the
Third Chance and Golden Vault mining
claims. which were sold under an at
tachment for $1,000 some time ago and
secured by Emery Arnold, nave re
deemed the property The attachment
and costs amounted to about $145O. 1t is
understood that the eastern men con-
template doing further development
work upon the property. The Third
Chance adjoins the Atlanta and Gold
Bar.