The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1923-10-04
BETTY O'NEAL MINE ONE
OF STATES BIGGEST
Continued from Page One)


in all mining, but in the Betty
O'Neil the planning for this phase
has been superlatively clever. In
many cases the ore is blasted SO
that it will fall directly into chutes
and permit carloading entirely with
out mucking. The mine average OF
four tons per day per man, against
the one-ton average prevalent IN
some mines, proves the wisdom OF
such development.
The Betty O'Neil is a $5,000,OOO
corporation, controlled by Senator
Getchell and two others. This cap
italization is represented by one
million shares of par value OF
SIS each, with shares issued only to
the extent of 100000, the balance
being represented by stock in the
treasury. While only 100000 in
shares have been issued, more cash
than that has been realized, for the
reason that some Of the shares have
been sold as high as SIS, the pres
emit price with none obtainable. The
stock is not listed and never will be,
according to the senator. So from
this it can be seen that about half
A million dollars have been realized.
A look at the mine workings, mill,
buildings, roads and town improve
ments, together with the mine de-
velopments, would convince anyone
that such an amount Of work could
not possibly be accomplished with
the half million expended. For in
stance the power plant alone, de-
veloping 600 horsepower and
model of efficiency under the super
vision of J. Ferguson, formerly OF
this city, represents an investment
Of $4,000. Its size can be meas
ured when it is stated that it is
one-fourth bigger than the plant
which provides electricity for the
entire city of Winnemucca. The
mills represent another investment
of $3.50, 900, making thus far an ex-
penditure of 100000.
But that is not all. The company
also has acquired a silver-lead mine
in Arizona which is producing regu-
.arly through the agency of forty
ton mill. 1t also has bought up all
property Of the Battle Mountain
Development Company, including 35
claims adjoining the Betty O'Neil
and 800 acres for a townsite and
failing ponds. How all of this could
be accomplished on bare half mil
lion is beyond understanding and
reflects great credit upon the man
agerial ability Of Senator Getchell.
The mill has produced an average
of $500 worth of silver concen-
trates every day since started, con-
sidering both the high and low price
of silver. 1t has run as high as
$4,000 a day on the single l00-ton
unit. Ninety days after the first
mill unit was complete a dividend
was paid on all stock outstanding,
and in the eleven months the mill
has been in operation it has pro-
duced more than the half million
that the mine development has cost.
Dividends have been paid at the
rate Of 100000 every three months.
The object of installing the addi-
tional mill unit was to permit the
treatment Of a greater amount of
ore SO that the dividends may be
maintained in the face of lower
price received for silver, this action
appearing advisable for the reason
that with such great quantities of
ore in the mine there is little like
lihood of exhausting the mine. Re-
CARELESS of the price of silver, SEN
ator Getchell says, the mine and mill
will be kept in operation continu-
ously.