The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1917-09-08
NEGOTIATED LEASE
OF FAMOUS MINE

ated the lease of the Charleston Hill
property, arrived in Winnemucca last
Thursday night and left this morning
for National, where he will survey the
progress of work on the new lease,
Mr.. Lorge, although resident of New
York City, is well known to many old
timers in this vicinity.
Rapid progress Is being made in
development work in the opening up
and exploration of that part of the
National gold-bearing vein lying in
the ground of the National Leasing
Company at National, Nevada. The
greatest interest attaches to this hunt
for another ore shoot such as that
which produced, in the adjoining Ma
tional mine, the highest grade gold
ore in the history af American mining.
All conditions under which work is
being carried on are favorable to the
speedy development of the property
There is. says George G.. Rice's MIN
ing and Industrial Age, the best of
engineering and geological opinion
that the company is going TO make
good. and that before it has exhausted
the possibilities there will be unccv-
cred gold ore of grade and volume
such as to yield a rich reward for
those who have had courage and faith
enough to invest in National Leasing
shares and hold them for the ultimate
development of the property.
Drifting on the National vein from
the eighth level of the National mine
has progressed to point close TO
that part of the vein lyin in National
Leasing ground. All men that can be
crowded into the workings are being
employed, and il is not unjustifiable
TO say that any day may bring cleo
trifying news. The operations of the
National Leasing Company constitute
a speculative venture that carries
with it the same flavor of romance
that surrounded the ventures OF Piz
zaro. Cortez, De Soto. Coronado, and
other treasure hunters whose quest
for gold fill the pages of early -AGer!-
can history with episodes that stir the
Imagination.
Lying in National Leasing g.ound
is at least TOO feet of the National
vein. This point was the subject of
a famous and protracted legal dispute.
which resulted in a United Sta 'es Dis
trict Court judge. marshal and oodn-
sci adjourning to the mine and exam
ming the property and determining,
after hearing expert geologists and
engineers give testimony under oath,
that the vein penetrating National
Leasing ground was actually the same
vein that made the National mine
famous.
The National Leasing Company.
after taking over its lease on grouIl
of the Charleston Hill Gold Mining
Company. which had failed to de-
velop its end of the National vein
because of lack of sufficient capital,
lately entered into a contract with the
National Mines Company for the use
of that company's complete mining
equipment, workings. tunnels, shafts,
etc. 1t is from the eighth-level tunnel
of the National mine that drifting at
depth on the National vein toward the
National Leasing Company's ground
is now in progress.
The National Leasing Company is
a Delaware corporation. It's presids Mt
is George Graham Rice. president of
the Emma Consolidated Mines COM
pany. The vice-president and treas
urer is C. F. Belser. president of the
old Emma Leasing Company. The
secretary is r. w. Gnekow. secretary
of the Emma Consolidated Mines
Company.
National Leasing Company shares
are a speculation. and easily the best
speculation in the cents-per-share
mining list. They have had price
range in the last three weeks OF from
16 to 80 cents. selling off during the
last week in sympathy with the rest
of the list to a close at Is cents. They
are in the class of shares that cannot
be affected adversely by pending war
taxes, legislation or price control.
They are the kind of speculative min
ing shares that intelligent investors
buy outright and put away, says Mr..
Rice, and hold long enough to give
the property chance for its full
development. 1t is the kind of specu-
lation that has enriched many. and
the possibilities in this particular
issue are exceptionally large propoT-