The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1916-07-15

~ ANCoNs a OIl
producer; the Miami, made from
a prospect into a big mine; aad
the Hedley, a r~e-equipped and en-
larged producing mine turned into
a big dividend payer, are specific
examples of the results of the d.
respective policies enumerated.
More prominent than any of
these three companies is the Jack
NEUTRALITY-SUSPICIOUS. group, which up
to now has made a speciality of
handling only propositions Of
enormous size hat are of such
low grade that only operations
of great magnitude can be made
to pay. The Utah Capper, Ray,
Chino and Alaska Gold are too
familiar to need further mention.
OF course, when a company lets
it be known that it is in the
market for mining propositions, it
is sure to be deluged with all
sorts and kinds. a comparatively
large number of which will pro-
badly. in any event, not withstand
a rigid office examination. How
ever, owing to the different poll
cies of the companies. the num-
Der of reflections thai they make,
of the propositions submitted, is
not an index of the value of the
propositions considered. 1t shows
not that there are no good mining
propositions to be had, but only
thai the particular kind of pro-
position 10 fit their specified re-
quirements was in the minority.
New mines are being found con-
tinually and developed into big
successes. The most shining en-
amples recently have been the In
terstate-Callahan. now the third
largest zinc producer in the world:
the United Eastern, the new ban
ner property of the Oatman gold
mining district in Arizona: the
Mascot zinc mine, in Tennessee; the
White Pine copper, in Michigan:
the Magma. the Commonwealth, and
finally, the United Verde Extern
sion, all in Arizona, the last, per-
haps, the least well-known of any,
but one OF the most striking cop
per discoveries of the period.
The Plymouth Consolidated. in
California, an old mine for a long
time dormant, has been made into
a successful mine by Bewick,
Moreing & Co., which company has
now taken over the Eureka mine,
also in California, and expects to
bring it to the point of successful
exploitation. The New Cornelia,
at Ajo, Ark, is a comparatively
recent acquisition by another mine,
which promiess big success. as
does also the Burro Mountain. be-
ing developed by Phelps-Dodee
at Tyrone, N. M. The Mataham-
bre copper mine in Cuba, the Yu-
ken Colds new operations in Cali
fornia and in Iditarod, Alaska, the
Tonopah Mining Co.'S acquisition
of placers in Colorado and many
others come to mind, of new mines
found and developed or old ones,
failures ~rejuvenated and made pro-
fitable. The number of explora-
ton companies mentioned is not
by any means a full list, but mere
~ typical.
Not only is the field of oppor-
tunity not barren, but there is a
marked need of an exploitation
company for the handling of com
paratively small properties. There
is always a large number of such
promising prospects held by men
who need capital, but who cannot
interest the larger companies that
disdain small-scale operations.
The propositions either need a
moderate amount of capital to put
them on a producing pasis or a
reasonable fund to develop them
to a stage where they will be at
tractive to some of the large en-
%ploration companies. Then to
bring them before these larger COM
panies would also be a proper func-
ton of this exploitation company