Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1916-04-06

Belmont signifies beautiful noun
tain. However, there is nothing that
nature has done TO embellish the beau
~ Of the eminence beneath which are
the honeycomb workings OF the To-
nopah Belmont Development com
Dany II is in The depths that the
beauties are. the sparkling black sui
pbides and the flaming ruby that are
minted into the great American dol
lar which purchases the beauties OF
life. the eanvases, the statuary. the
graees as well as the stern emergen-
cies Of existence.
Yesterday Bonanza representative
visited the Belmont's honeycomb, and
this is a word which is inaptly chosen.
Labyrinth would be more expressive.
for already the workings total dis
lance greater than that which separ-
ates Tonopah from Goldheld. The
Hoosac and Simpion tunnels placed
end to end would not represent dis
lance as great as that of the combined
drifts. crosscuts. shafts, raises and
wines of the Belmont, while new
work is undertaken constantly, the
general plan being to reach out
through all the virgin territory in de-
yelopment of new ore bodies and in
the extraction of those yet untouched
by the little army of stopers. There
are some 223 men engaged in the task
OF extending the Belmont labyrinth,
this being exclusive Of the number EN-.
ployed in the reduction plants of the
company here and at Millers.
Production to Date
The total production Of the Belmont
to date will shortly be known, as th'
fiscal year recently ended and the an
nual report is now being made out
but it is of record that the dividend
to date are $S.01s.022. This, on a cap
talization Of 100000 shares at $
| par Is return Of $534 per share a
while many people purchase
for considerably under that figure 7
this may be added the present sellin
price of the stock, $40 share,
total of 5000, making profit of 500
a much higher rate of returns on Il
original investment than the ordina
lines.
There Is assurance of increased V;
iation for this security, as recent d
velopment work has thrown new al
unexpected bodies of ore in sight, o.
Of them being in what is known as t
Josh crosscut. This was run for 4
J | purpose of exploring block of yirg
territory into which no known vel
/. trended, but one was discovers
nevertheless. II was an inch or t
IN width, but of such excellent quail
that the crosscut was changed to
drift and the Slope which has be
started on the vein is some twer
feet in width. the stringer having
leeted to expand and become a RI
IRE body. Another reason for staff
that the Belmont is an excellent
curity is the reduction in costs of
traction and treatment, while the al
mented price of silve is big booost
for the security Permanently of t
incorporation is being cared for a
valuable holdings outside this distr
are either under option or actua
taken over. one being the Surf In
property in British Columbia, and
other the Bull Moose of Carrara
this county.
0 Descent into the Belmont was ma
his morning through a shaft Il
was sunk upside down That is, VIII
4 he mammoth Belmont vein "
reached on the thousand level FRI
the Desert Queen opening, raise v
thrown to the surface. Later the sh
was continued down into formal
where the rock heat for time r
dered il difficult to work This
air has peculiar influence on wo
II decays rapidly. the life" disappe
ing. AS result retimbering '
shortly necessary German prepa
ton, costing rs cents a gallon, ,
used in large quantities in treat
the new timbers. II was an exp
sive experiment, but the idea pro-
10 an extremely profitable one, as II
be witnessed in the smoothness "
10 which the swiftly moving cages ri
Safety First Appliances
10. BY the way, there is feeling
perfect security in making the {
cent through this shaft. The wrl
was shown most ingenious dev
1 one which is thus far used only by
Belmont in this district. It is an al
70. matte safety first" If the engin,
when there is man on board sho
fail to check the car in its DOWN.
course, the little everawake mech