The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-03-17
WALL Street MEN
BACK LOUISIANA
PROPERTY LIES FORTY MILES
SOUTH OF NINA IN PROM
ISING FIELD

Perusal of the list of names of
the shareholders in the Louisiana
Consolidated Mining company is like
reading the names in Dun's or
Bradstreet's financial records. Here
are some of the people who are
back of this Nevada corporation:
Baruch Bros, New York; F. Haus-
man, of the firm of A. A. Hausman,
New York; L.. A. Dessar, promoter
and capitalist of Julius Siegbert &
Co, New York; j. T.. Osborne, cot
ton manufacturer, Fall River; Col.
Peter H. Corr. cotton and wool
manufacturer. Taunton, Mass; Rob-
ert Ream, New York; Captain Her.
man RowitZer, New York manufac-
turer; l.. Benedict, of Benedict &
Co., stock exchange members; E. M.
Stark, New York exchange member,
president and general manager of
the North American Watch COM
pany; F. +. Prentiss, banker and
Minds. mining investor, Cleveland,
o.: George PAUL, coal producer,
Pittsburg; Lisburger Bros, metal
dealers, New York; Leslie M. Shaw,
ex-secretary of the treasury; T. E.
Tuxbury, treasurer of the Waldorf
Astoria, New York, and many
others.
This company owns a property 40
miles south of Nina, co per cent
of which is under option to the
Tcnopah Mining company of Nevada.
with the option still having seven
months to run The group is stu
ated on Mt. Montgomery on the
Nevada & California railroad. Drift
ing is in progress north and south
from the Stevens c%rosscut tunnel,
which cut the vein at a depth of
go feet. This is about $500 feet
south of the main working Of the
company. The No. 2 tunnel will be
started this spring. 1t will be half
way between the two workings and
will cut the vein at a depth of
about 500 feet.
A mill will be built either at the
approach to that tunnel or at a
proposed No. 3 tunnel which will
cut the vein at about 500 feet.
The company will have electric
power taken to it's property at Typo
and meanwhile will operate an aux
ilary power plant consisting of a
D.N,A1 @-~;,A Frho n0uynf-
line will be extended from Belmont.
Preparatory to switching on the
juice the company is installing cleo"
trio pumps, compressor, machine
shop equipment and hoist.
The shaft will be dewatered and
sunk from the 400 to the 600 level.
While sinking, stopping will also be
in rogress and the ore will be
City. 1t will be shipped via Tono-
pah by mean of a fleet of ten
trucks and 20 t~railers, which have
been purchased.
It is estimated that the mine will
produce $4,000 tons with each hum
dred feet of depth. All the ore be-
tween the 500 and 400 levels is still
in place and will be shipped at once.
The average value, according to
J.. ID. Parrish, who sampled the
property, is SAP per ton. This does
not include the zinc content, which
amounts to about II u per cent.
The company plans to go into the
smelling business and will endeavor
to get a railroad connection with
either eureka or Ely and build a
smelter somewhere on the main line
of the Southern Pacific. Typo ores
are very high in lead content n
their admixture would enable eco
nomical smelling of large tonnage
of central Nevada ores that are
deficient in lead.-Tonopah Bon
ANA.