Yerington times. [volume] (Yerington, Nev.) 1907-1932, 1921-02-09

times In support of this anticipa-
ton comes the late discovery on the
2250-foot level, together with thu
bonanza ore opened on the winze leve
and the very large and profitable ton
mage of low grade ore opened through
out the mine in general
| Nevada's mining industry dates
from the adventurous days Of 50
when Virginia was a STRIPPING among
camps and poured the wealth if its
mines into the Golfers o the Nation
in an apparently uil-ending stream
Those were the days of Consolidated
Virginia's greatest fame, when men
became wealthy over night by an in
vestment in Consolidated Virginia
| shares and the historic mine was the
| ore-production pace maker for every
property on the Comstock Lode. The
mines iii later years have brought
| fortune to thousands of investors, but
none has duplicated the record of this
veteran hold-over of generation
gone. Mine history is now repeating
itself at the Consolidated Virginia
mine and the scene oil it's past glories
seem sure to be duplicated
At the heyday of it prosperity the
Consolidated Virginia outputted bet
ter than 00O,000,000 worth of Boz
nanza ore, made poor men millionarcs
with the facility of all Arabian Nights
tale and its shares sold as high as
$500. The old careless, unconven-
tional San Francisco that fell in ruin
on the fateful April day of the year
1906, owed much of its earlier COM
mcrcial greatness to Flood, Mackey,
and others of the Con. Virginia
crowd" and the new more resplen-
dent San Francisco of today is by no
means free of obligation to the wealth
produced by this famous bonanza of
the Nevada period.
About two years ago the Consoli-
dated Virginia mine, with number
of others on the Comstock lode,
passed to the control of Zeb Ken
dali and associates. The infusion OF
new energy soon resulted in the open
ng of pay ore in the developed ore
bodies and the discovery of other
ore bodies of value. New mining and
milling equipment was installed and
the mine placed on self-supporting
instead of an asscssment-payin basis
These satisfactory results were fol-
lowed recently by a reorganization
of the Consolidated Virginia Mining
Company and the increase OF its
capitalization from 10000 assessable
shares of a par value OF 81 each, to
2,140.OOO assessablc shares of a par
value OF 81 each. The transfer was
made on basis di ten shares of the
new issue for one share of the old, all
Of which are outstanding
A heavy trading i'll Consolidated
Virginia shares marked the CONSUME
nation of the reorganizcd plans the
activity in the issue on the San Fran
cisco Stock Exchange demonstrat-
ing that the increase in the capitall-
zation is popular with the investing
publiE. Closing Hast Saturday mt
81 05 share, or on a basis OF
80 ID cents for the new issue which
for the first time became negotiable
on call last Monday, the stock III
active demand at AZ cents with
total turnover for the day of S0,0OC
shares. On Tuesdays call the stock
opened at 43 cents and on scale up
ward closed with sales at AZ cents
with a total turnover of about lO0.-
600 shares.
The officers of the Consolidated Nir
ginia Mining Company are Zeb Ken
dali, president; H. G.. Humphrey
first vice-president; Frederic Vincent
second vice-president; A. p. Swain
secretary and treasurer. The gentle
men named, together with Alex Wise
mine superintendent, compose the
board OF directors.
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