The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1910-01-15

legislation being refuted. The inclu.
sion of mill men within the meaning of
'smen working in shelters and reduc.
ton works. is sustained, and the mean.
ing of eight hours "actual work" is
held to be time actually engaged in la.
Dor, exclusive of that taken in travelling
to and from the place of work.
j. F. s., Veterans Home, Calif.-This
is a mooted question. As a rule, 500
worth of work has to be lone each year
on a claim and every claim of a group,
until the claims are patented. But if it
can be shown that the work lone upon
one claim is for the benefit of the group,
the whole amount-say $500 for five
claims, can be done in one place. For in.
stance, a group of claims, all in a com.
pact bunch, or running along a ledge,
can best be developed by a tunnel. The
court would hold that $500 worth of
work lone in the tunnel on one claim
would be for the benefit of all the
claims of the group along the line of the
tunnel.
T. w. S., Bridgeport.-The Red Fox
Bullfrog Mining company has done its
annual assessment work and has pro-
teeted its property right along. The
company has LONE no work for two
years, but some of the ground has been
urnrbaI Nv Iaouars tba pae% ,voor H..
have opened up some ore and shipped
from time to time, but no permanent
ore bodies rave been discovered. Moth
ing doing on the Red TopM. & l..
L. M NICK, Yerington, Nev.-The
Guggenheim merger as now proposed is
to increase the capital stock of the Utah
Copper Co., from 100000 shares to p
100000 shares and absorb the Nevada
Consolidated and Boston Consolidated,
issuing one share in the new company
for 2 IA shares of Nevada Consolidated
and 2 IL of Boston Consolidated, re-
spectively. 1t is proposed to issue 2,10O,-
600 shares at once using the revenue
Va hhN saw VI tuO
stock to enlarge the Utah Copper Co. IS
plants and increase the capacity of the
Boston %company's Garfield smelter, the
additional 400, 1000 shares being issued
later to acquire the control of the Amer
lean Smelling and Refining Co.'s Gar
field plant and Baltimore refinery. The
total estimated output for this merger
for 1910 is 200, 900, 900 ID. of copper with
a profit of $S,175,000 for the year with
the metal at BE per lb. The estimated
production for 1910 without the propos-
ed Improvement is, Nevada Con. 5000.
900 Id, Utah Copper 5000, 900 h., and
Boston Con. % 5000, 900 pounds.
G. D. w., Dulutai, Minn.-It some
times occurs that a company comes up
to the end of the year without any
funds to do its assessment work, and
Is put to it to know how to protect
Its property. No stakeholder feels like
putting up the money for the entire list
OF stockholders in order to protect prop
erty IN which, perhaps, he is only slight
y interested, and no officer feels it
incumbent upon ,him to supply the
money out of his own pocket. The
question arises then, as to what to do
10 save the property. Assessment work
costs money. Manifestly the only thing
that can be done is to ask for an as
sessment on the part of stockholders.
"hen II Is a non assessible stock, the
assessment must be purely voluntary.
NO compulsory assessment can be made
anu no penalty can be assessed by rea.
son OF the n~on-payment of an assess
hient' Whatever is paid in is voluntary
on the part of the stakeholder. RI the
s'oekholder refuses to pay the volun-
'ais assessment, which in most cases is
small ne runs the risk of losing his
en'ire investment by reason of the for.
.eiture of the property. Often stock
. issued for the amount of the assess.
.en' al a low price; or the assessment
~ PAD under an agreement that Il will
e'ufhed to the stakeholder out of
nfse money received by the treas
uy-simply being regarded as an adj
' AS a rule those who advance
oney as an assessment on non assess.
'D'e STOCK, are protected in some way
VI o'ner, and they should be, for one,
wv Or a score of stockholders in a
merely cooperative proposition, should
not De called upon to carry the burden
VI al. But bear in mind that at no
IS the holder of worcestershire
STOCK legally compelled to submit to an
drDltrarY Assessment anlAnn forfaitnrp