The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1914-04-25

, the Jim Butter TOnOpah and West
End Consolidated companies has beer
carried into the courts is a source of
great regret to all residents of Tono-
pah and everybody interested in To-
nopah stocks, especially the stock
holders in these two companies.
Litigation of this description is
frequently prolonged inasmuch as the
company first defeated invariably ap-
peals to other courts, and in conse-
quence the legal expenses ard fees to
expert witnesses always amount to
a very large sum of money. In
dition to this, litigation of any de-
scription invariably has a bad effect
upon the camp, and seriously affects
the stock market, while the uncer-
tainty of it's result aggravates these
troubles. Moreover, it creates a
feeling of uncertainty in the outside
world as to whether other companies
may not become involved in similar
disputes, and while there is no prob
ability of this occurring, it is diff
cult to eradicate this fear from the
public mind.
Considering the complex questions
of geology involved, and the fact that
both companies are confident of their
rights to the ore body, it is hoped
that for the sake of all interested in
Tonopah stocks hat efforts towards
an amicable settlement of the matter
will be renewed, ad eventually
brought to a satisfactory conclusion.
1t is perfectly certain that such
a course would be greatly welcomed
by the stockholders of both compa-
MES, and it is hoped that the direc-
tors will take this into consideration
and endeavor to adjust the matter
otherwise than by protracted litiga-
ton.
Belmont.
The profits realized by the COM
pany in the fiscal year concluded on
February 28th amounted to $2,006,-
O91 from the milling of 172,39S tons
OF ore, and the company has paid
$~6,143,OOO in DIVIDENDS on it's cap-
i~talization of 1900 600 shares.
The gratifying feature of the re-
port is that both mining and mill
ing costs are being reduced, and that
the ore reserves in the mine are esti-
keep the mill in operation at its
present rate of tonnage treatment for
a period of three years.
Since this report was issued, the
Belmont vein has been opened up on
the 18th level, ove 100 feet deeper
than the greatest depth taken into
consideration in the report, and in
consequence the ore reserves will be
greatly increased when the vein is
fully developed at this depth.
In addition to this, other ore
bodies known as the Shaft, Mizpah
Fault, Favorite, Thanksgiving, Lille
Bell and Western veins have yet to
be developed at this depth. There is,
therefore, no fear that the mine will
be exhausted for several years to
come. 1t must also be remembered
that. as in the Tonopah Mining CON-
pany's property, there are many other
veins which have been encountered
on the upper levels of the mine, upon
which no development work has yet
been done, but in which it is prob
able ore bodies of more or less i'm
portance will be developed.
The company has a cash reserve of
S 100000 on hand, and is already
preparing to acquire other properties
in order to increase the scope of it's
operations, and ear larger dividends
for it's stockholders as we'll as per-
petuate the existence of the company.
The company has a cash reserve of
100000 on hand, and is already
preparing to acquire other properties
in order to increase the scope of it's
operations, and earn larger dividends
for it's stockholders as well as per-
petuate the existence of the COM
pany.
The Tonopah Mining company,
which has paid over $11, 100000, is
one of the remarkable companies of
the world, but it seems probable that
its splendid record will be eclipsed by
the Tonopah Belmont, whose last
years operations were the most pros.
porous in it's history.
TonOpah Belmont net profits for
March, $153,611 from the milling of
1924 tons of ore. The company
shipped out this week AZ IONS of dry
concentrates, the first consignment of
the mid-monthly cleanup of the mill.
Tonopah Mining company's net
profits for March, $12S,120 from the
milling of 11.793 tons of ore. The
company shipped out this week 36
bars of bullion, valued at $4,000.
Tonopah Midway's west drift on
the 635-foot level of the old workings
encounters a new body of shipping
ore. now 6 feet wide.
Tonopah Extension company stead
|ily increasing shipments of bullion.
The winze from the 950-foot level of