The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-04-06
SCENE OF ACTIVITY

CONTINUED From Page One)
provements since their last visit,
and predict a great future for the
enterprise.
1t is reported on good authority
that the T. & G.. railroad, in pur-
suance of a conditional arrangement
with the Divide company, has made
preliminary arrangements for run
ming surveys to the Tonopah Divide
property from several points on
their main line with the purpose of
constructing a spur into the district.
1t is reported that the road is to be
constructed at the expense of the
railroad company on a guaranty of
tonnage from which the original
cost is to be returned to the COM
pany in transportation charges.
Gold Zone
A special meeting of the stock
holders of the Tonopah Gold Zone
Mining company was held on Thurs
day, the 2Sth inst, at the company's
office at Tonopah, and business of
vital Importance to the stockhold-
ers was transacted. Nearly all of
the stock of the company was rep
resented at the meeting and was
voted unanimously in favor of the
various resolutions introduced. The
meeting was characterized by per-
feet harmony.
The most important business
transacted by the stockholders was
the authorization of the transfer of
the entire assets of the company to
a new corporation called the Gold
Zine Divide Mining company, which
was organized on the assessable
basis, thus making it possible to
raise funds by assessment for Wig
orous prosecution of mining opera
lions on the Gold Zone property.
At a meeting of directors of the
Cold Zone Divide company held on
the same day action was taken pro-
viding for levying an assessment of
1c per share on the stock of the
company, payable on or before May
/ 9th, and notices to this effect will
be Immediately sent to the stock
holders.
1t was also officially arranged
that the stock of the old company
may be exchanged share for share
for stock of new Gold Zone Divide
company by surrendering certifi-
Gates of the former company and
paying the assessment recently lev
led.
The directors and officers of the
new company are: c.. c. Winget, of
Penville, Indiana, president; Will
liam Forman, of Tonopah, vice.
president; F. A. Burnham of To-
nopah, secretary; C. R. Arnold. of
Oxnad, CAL, and F. X. Pittman,
of Tonopah, additional directors.
Plans have already been perfected
for an early campaign of vigorous
mining development, and in pre-
p~aration therefor new machinery
for hosting and other purposes is
already on the ground and in pro-
cess of installation. The shaft which
had been sunk by the old company
to a depth of 800 feet will be plac-
ed in perfect repair as rapidly as
Lossible under forced work, and 1t
is expected that new work will be
in full progress within a couple of
weeks.
Divide Extension
More than usual interest has been
shown regarding the activities of
the Divide Extension company, the
main spirit in which is Zeb Ken
dali, one of the most prominent of
Nevada mining operators.
The management has lost no time
il equipping the property with an
adequate machinery plant, includ-
ing an up-to-date hoist and CON-
pressor, with all necessary appur-
tenances, and a plan of vigorous de-
velopment has been already started.
This property enjoys a most adj
vantageous location, being immedi-
ately contiguous to the main Divide
strike, and, according to the judg-
rent of several competent engin-
GERS, including Harry L. Thompson,
+. B. Caldwell and others, the vein
en- its course runs from the Divide
mine through a portion of the Di-
vide Extension, and should be en-
countered after sinking from $50 to
200 feet.