The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-05-04
THORK|lOStN NOW
IN MANGANESE
PROJECT
BORAx MAN PURCHASES PRO-
DUCING LEASE NEAR
LAS VEGAS

Incorporated, of Las Vegas, lessees
O: the original manganese property
which has already produced a quar-
ter of 1. mii.>cn ~ollars, sold its
r!ree-year Lease ana ,rtire he dings
or a cash consideration of $780,
900.
Thomas Thorkildsen, millionaire
borax manufacturer of Los Angeles,
president and treasurer of the Ster-
ling Borax company, is the sole pur-
chaser and will take immediate
charge of the property.
In the deal, which was concluded
Wednesday night through the First
State Bank, the new owner assumes
entire charge of the affairs of the
association, including all contracts
for hauling entered into by the orig
iual lessees. w. E. Ferron, assist
ant secretary of the old company,
and James Mccoy have been named
as trustees for the closing up of the
business of the association.
Before leaving Thursday night
for Los Angeles, Mr.. Thorkildsen
would not give out any future plans
contemplated in the working of the
property, other than that immediate
steps are to be taken toward the in
creasing of the output of the ore
to a maximum capacity. Stevens &
Henderson, attorneys for the asso-
citation, have been retained as attor-
neys for the new owner. Those In
terested in the transaction are j.
Mccoy, j. o. Gillice, w. H. Connors,
Roy w. Martin, w. E. Ferron, II.
A. Stevens and Peter Buol.
The discovery and subsequent de.
velopment of the manganese proper
ty, which Is located Is miles east
of this city, is one of the most phe-
nomenal in the history of western
mining, the field being one of the
few large manganese beds OF us
kind in the United States. PRODUCE
ing from the grass roots" In the
parlance of mining, with no other
development work than the remov-
ing of the over-burden, the property
has already brought returns of over
q quarter of a million dollars in the
six months it has been operated,
and, although no figures are OBJ
tainable upon the probable extent
of the field, it is now known the
bed extends for several miles in the
vicinity of the property.
The property, which was original
ly discovered and is owned by K. N.
Edwards, j. F. Mars and r. B. JEFF
ferson, was located last fall INT was
Immediately leased by them to the
Manganese Association on a 10 per
cent royalty basis, which arrange
ment continues under the new own
ership.
AS development work proceeded,
the magnitude o. the deposits and
their Importance in the manufacture
of wal products attracted the atten-
ton of mining men and operators
throughout the county. The In
creasing demand for domestic sup
ply of manganese by the
turers of ferro-manganese, due to
the limitation of the Brazilian sup
ply, brought buyers into this fleld
Immediately, not only for the pro-
duct but for the control of the pro-
perty.
Among the large interests who
were negotiating for the purchase OF
the property were the Otis interests
of Denver, George Wingfleld OF
Goldfield, and A. H. Howe and asso-
ciates also of Goldfield.
Mr.. Thorkildsen, who has extern
sive manufacturing interests both on
the Pacific coast and in the east
has confined his operations to In
dustries which will serve the gov
eminent in the prosecution Oh the
war and, it is understood, the In
come from these various holdings
has been converted into Liberty
bonds. He was accompanied by j..
r. VanWinkle.
Returns of four cars OF ore just
received by the association, over oo
of which are yet unsettled Tor by
the eastern mills, gave "A per cent
the highest return yet received on
the local ore.-Clark County Re-
view.
Cuyar.RiII Pen for Nevada