The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1916-09-12
Big CAPITAL TAKES
HOLD IN LANDER

An event of paramount interest and
benefit to this section of Lander
county is chronicled in the brief no.
tice of the sale of the Goodwin-Plur
mas mine in the Galena district, II
miles south from here, to the firm OF
T. n Breitung & Co., Ltd, of New
York City, says the Battle Mountain
Scout.
This mine belonged to the Sterne
estate of New York and has been held
by it for the past rs years, but it has
not been operated in that time, fol-
lowing the demise of Simone Sterne,
who was operating the property at
the time of his death. Extensive de-
yelopment work, consisting of $50
feet of drifting on the big vein and
raising and blocking out ore, has put
vast tonnage OF the latter in evil
denee, and from the geological feat
ures of the property it appears that
the entire strike of the vein through
the two claims comprising the prop
erty viii be one tremendous ore shoot
Of profitable milling grade. The lode
itself upon which the mine lies is a
noted deposit over two miles long
and the producer of millions from its
depths in the adjoining properties.
A number of attempts have been
lade By local and other promoters
o secure capital to take the property
over and operate and equip il, but
ne proposition was of such magni-
.ude and required such a large sum
10 handle it properly that they were
unable to connect with capitalists of
he required caliber in the west,
where their activities were centered.
Last October, r. H. Mitchell, then
5itor of this paper, and a mining op-
rator of much experience in the
southwest and Mexico, secured a bond
on the property, and, after examina-
ton of the mine to determine its
merits, submitted it through his bro-
her, A. S. Mitchell, of New York
ity. to +. n. Breitung & Co. Their
chief field engineer, Mr. II. b. Bar
sng. was sent out to investigate, and
after a preliminary examination in
&oyembmer last he reported in favor
Of making a thorough examination
II the property. This he completed
n March of this year and resulted
his principals taking over the
8ine A slight obstacle in the trans
ferring of the title of the property in
Nevada delayed the final conveyance
until last week, when upon an order
Of the court secured by Summerfeid
& Curran, VIM Easton, acting for the
Sterne estate made formal sale Of
the mine to the present owners,
through Frank Curran. who repre-
sented them at the sale.
1t is understood that the f. n
Breitung Co, who are heavy owners
in the iron mines of Michigan, and
who have numerous mining proper
ties in operation in various parts of
the world. besides their extensive
banking interests. have interested
with them in their latest acquisition
here some of the most substantial
capitalists of New York City. as well
as some noted English investors.
Withal. the Nicklas Mining company,
by which name the new company
will be known, represents the most
powerful financial association that
has entered Lander county in many
years.
Enough has been learned Of their
planS 10 state ludt tNe new ONuSIS
Of the big property intend erecting a
200 to 500 ton mill al the mine in the
spring and summer of next year. and
for the purpose of electrifying all the
motive power at the mine and mill,
Will install here at Battle Mountain
500 to 500 h. p. electrical plant with
a 12-mile transmission line to the
mine. In all, the cost of this estimat-
ed equipment will total a quarter of
million dollars and will be install
ed under the direction of Mr. Barling.
who viii have charge of all opera
tions of the property.
Pending the coming of next spring
and the following suitable weather
in which to build the mill and power
plant mining operations will be pros
ecuted vigorously at the mine during
the coming winter and will be under
the direction of Mr Mitchell, who has
resigned from the Scout to look after
this work A small force has been
put to work on the mine during the
past week by Mr. Mitchell and he is
now busy in laying out the work and
organizing a larger crew of miners
to carry on the extensive develop
ment program scheduled for the COM
ing months.
"a