The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1910-01-08
BIG mining deal
At NATIONAL HAS
FALLEN THROUGH

WINNEMUCCA, Jan. SIT is
strongly rumored that a lawsuit is the
probable outcome of the breaking off OF
NEGOTIATIONS last week for the sale of
an inside group of mining claims az
National. The parties to the deal were
j. L. Workman and w. S. Bonnifield of
this place and the buyers were ii. f..
Orr and Richard Kleesattle of Seattle,
Wash. The deal, if concluded, would
have been the largest yet mad of Ma
tional mining property, the total pur-
chase price being 100000 for four
claims, the White Rock, White Rock
No. l, Coyote and Sagehen, which lie
on the southwest slope of Charleston
hill, alongside the claims of the Charles
ton Hill Mining Syndicate. The initial
payment for the property was $4,000,
the remainder to be in three payments
covering a period of fifteen months.
But the big deal is now believed to be
off and according to report Messrs. Orr
anu hittSdlllt luItdbtH W DitHR sun
against Messrs. Workman and Bonri-
field for alleged non-performance of
contract.
The story of how the deal failed has
been given by Mr.. Bonnifeld as fol
lows:
"Our agreement with Mr.. Kleesattle
was for the placing of a deed for the
four claims in escrow upon the max
ing of the first payment of $4,000,
the deed to be delivered upon the com
pletion of the payments, amounting
in all to 100000. Last Tuesday Messrs.
Orr and Kleesattle made a tender
of the $4,000 first payment, to be paid
to us upon the execution of a deed for
the claims by Mr.. Workman and my
self, to be placed in escrow. They also
presented a grant, bargain and sale
deed for the claims, to be signed and
executed by Mr.. Workman and myself
and asked that it be placed in escrow
with the Nixon National Bank of Reno.
The deed had been drawn up by their
own attorney, S. Summerfeld. of Reno.
We asked for an hour in which to con-
slider the deed and having found it to
be satisfactory, signed it, had our sig.
natures acknowledged, and were ready
to fulfill our part of the contract with
Messrs. Orr and Kleesattle. But in the
meantime they had concluded to repn-
date the deed drawn by their own at
torney and which they had asked us to
execute at the time the tender of the
$4,000 payment was made. When we
onered to turn over the executed deed
and to have their attorney place il in /
escrow In the Reno bank thew declined
10 accept the deed which they had pre-,
vlously agreed upon, but demanded
that certain other provisions be inelud.
ed IN the deed that were unreasonable
ana are never included in a deed for
.he transfer of mining property. In
tact, they wanted to make a warranty
~ SohhCthiHS winch no one
can give to mining ground which is
uhpatented. We declined 10 execute
ana deliver the new deed which tbor
demanded, which concluded the neoo
tiations for the purchase of the nron.
erty, SO far as l know. In the entire
matter we fulfilled every part of our
agreement for the sale of the elaine
out Tor some reason the intending mr..
ehasers changed their minds at tho loo,
moment and repudiated the dae1
winch they had presented to Mr.
workman and myself to execute. and
winch we did sign and execute. Tbese
are the facts in the case and it was No, +,
our fault that the deal was mot con,
elnded. We did what we agreed 70 Do I;
out the other parties did not and al,
course, II they believe they hal I,
e'eunds upon which to BRING s,;,l !,
against u.s. as is reported, thew ara !,
privileged to do So" :