East Oregonian : E.O., June 17, 1908, EVENING EDITION, Page PAGE SIX, Image 6

PAOXKX.
DAILY RASTT OKgOONTAJf, PENDLETON, OREGON. WEDNESDAY, JUNE 17, 1908,
EIGHT PAGES.
An Immensely Important Gold linos Combination Effected on IVodnosday
There is no more Florence Central, but a Mammoth Butte Boys Corporation, That
Will Operate Properties Rich in Gold as Any in the, World !
All the interest of the Butte Boys Consolidated Mining Company and the Florence Central Mining Company, of Goldfield. Nevada, were merged on Wednesday evening at a largely attended stockhold
ers' meeting held In Drew hall, both corporations being represented by a large majority of outstanding shares. By the action of this meeting all stock In the Butte Boys covers the Florence Central, and
all Florence Central shares cover the Butte Boys properties. These consist of
The Butte Boys five claims owned by the company, two rich claims at Silver Peak owned by the company, on which 5500 worth of work has been done; one
claim in the center of the celebrated Hart district, worth 55,000, owned by the company; one claim adjoining the Butte Boys owned by the company (nine claims
in all the company owns outright), and two leases on the Florence ground, one costing 5,500, the other 4,000, and a two-year lease on the Nighthawk, in the
thick of carefully proven ground, and adjoining the Booth gold mine and just north of the famous Consolidated, 100,000 shares of which was recently sold for
600,000. This Nighthawk lease cost us 1,000.
The Butte Boys has been In process
of development for a little over one
year, and is now working two shifts of
miners, cross-cutting from the 130
foot level, with every Indication that
high-grade pay ore is near at hand. It
will be but a short time at the most
when this property will be paying
back to it shareholders the money
invested in'jts stock, and continual div.
ldends for many years to come. This
is, indeed, destined to rank among the
great gold mines of Nevada, and those
w ho hold their stock a short time will
find it one of the best investments
they ever have made. The mine Is
provided with a first-class hoist, a 20
horse power gasoline engine, black
smith's shop, miners' house, cook
house and full equipment of mining
tools. It is in flrstclass working or
der, and as Mining Engineer Parks
has heretofore reported, before a year
will be a "million dollar mine."
Tiie Florence Leases Comprise a Part
of the Richest Gold Muting Ground
So Far Discovered In the World's
lllstory.
Reporting on this property a short
time since, James H. Parks, C. E.,
mining engineer, wrote:
"This ground is In the central part
of the great producing area of the
Goldfield district, and Joins the won
derful Little Florence lease, now ex
pired, which has produced the great
est amount of gold, of the highest
grade of ore, ever produced in any
mining camp. It lies on the flat across
the railroad at the foot of the hill of
the Little Florence and main Florence
workings on the southwest, and the
quartzite hills of the Atlanta on the
northeast. To the northwest, down
the slope, are the greatest number of
producers of the district, while to the
southeast are a large number of leas
ers at work. For about a mile north
west and southeast, and a mile wide,
the ground Is covered with gallows
frames over deep shafts, mostly own
ed by leasing companies. The Flor
ence ground, of which this lease Is a
part. Is said to be the richest ground
in the Goldfleld district, and is sur
rounded by the Consolidated, Combi
nation Fraction. Atlanta and C. O. D.
ground, all richly producing proper
ties. I know of no lease close to this
one which has not found ore, though
not all of high grade. Some of them
are of the highest grade ever found in
large bodies, as on the main working
of the Florence, the Little Florence
and Rogers' Syndicate. Specifically,
the surface of most of this lease Is
covered with washings of the rich
hills above, and It seems to me that
good ore can be shipped from the sur
face, as good pannings can be had
over a large surface area. From the
underground workings of adjoining
leases and surface indications where
the hill ledges crop out, I think there
are at least three good veins crossing
this territory one a main ledge east
and west across the southly side, and
two In a northerly direction; one al
most paralleling the railroad and the
other crossing it forming at least, three
junctions to this lease, which may
apex on this ground. The indications
are strong that either one of these
veins will contain pay values at either
deep or shallow depth. Pay ore has
been taken from very near the side
lines of this lease, and a very large
quantity from very near to it.
One of the Mot Valuable Leases In
the DlHtrict.
"This lease can be economically
worked from the bottom of a 500-foot
shaft already sunk near Its line, and
through which shaft this company has
the right, with the lease, to work the
ground. The privilege of working this
lease through this shaft Is a very val
uable concession, for by It this proper
ty may be Immediately developed,
saving time from the lease which
otherwise would be consumed In
sinking to a great depth at great cost.
With probably 20 feet of cross-cutting
this property may be Immediately
prospected, and very rapidly extended
across the ground in both directions, .
and when an ore body is found will
have nearly 500 feet of stoping area
to work on. I consider this lease,
with the concessions of the use of the
500-foot shaft, and the situation oi
the ground to surrounding leases, and
main workings, one of the most valu
able that can be had In the Goldfleld
district. I recommend that this lease
be thoroughly prospected by a cross
cut from the workings at the bottom
of this shaft, and drifting along any
We have thrown back the curtains. We invite the world to
You are invited to join our
THE BUTTE
517 Lumber Exchange Building, Second and Stark Streets. Telephone Main 5514,
DR. M. G. McCORKLE, President GEORGE W. BEVER, Vice-President and Manager M. BEVER, Secretary and Treasurer
GRAZING FUXD LARGER.
Western States Get 25 Instead of 10
Per Cent of Income.
Through Inadvertence the western
state containing forest reserves will
receive 21 per cent of the receipts
for the tale of timber, rental of for
est grufng lands, concession! and
lease for the fiscal year ending June
iO. 1908, instead of the 10 per cent
which they were expected to receive
under the agricultural appropriation
act passed at the second session of
the fifty-ninth congress, says a
Washington dispatch.
This Increase to the states for the
year 1S0S wu one outcome of the
fight made against the forest service
policy by certain western senators, I
veins which Is found, to the limits of
the property on all sides.
"JAMES H. PARKS,
"C. E. Mining Engineer."
The XlghtJiftwk Leare In Favor.
Mr. W. E. Norcross, on of the best
known mining men of Goldfleld, when
he learned that George W. Bever,
manager of the Butte Boys and presi
dent of the Florence Central during Its
existence, had secured the two-years'
lease of the Nighthawk, under date
of June 3, wrote that gentleman as
follows:
Goldfleld. Nev., June 3. Mr.
George W. Bever, manager Butte Boys
Consolidated Mining company. Dear
Sir: Allow rmrto congratulate you on
the acquirement of the two Florence
leases, also the Nighthawk. It was
the leasers who made Goldfleld, and
the amount of work planned by you
and other leasers, means a new and
greater Goldfield. As regards your
properties, an examination of the
leasing map of this camp, and a glance
Into the history of the leases will tell
the prospects of your Florence lease.
The bonanza leases of the Little
Florence and Florence Annex have
practically proven your ground. Your
Nighthawk lease, with sufficient de
velopment, should show the northern
extension of at least one PROVEN
vein. The Mushett lease below you,
on the Laguna, has moved the north
ern boundary of the high-grade dis
trict some distance, and It only re
quires scientific mining to movelt still
more.
With kindest regards and best
wishes for the success of the Butte
Boys and Its manager, I remain, very
truly yours,
W. E. NORCROSS.
Our Florence Lease Adjoins the Won.
ricrful Little Florence.
On all sides are -those properties
that have made millions for their own.
era, and ours, we most firmly believe,
will do as well for all who have, or
shall, place money In Its stock. With
in a short time we shall have a plat
made of our ground, so that we can
picture the location of the properties
more Intelligently than can be done In
words, but we must say that our sec
ond Florence lease adjoins our first,
and Is every whit as valuable. We
believe we have In those two proper
ties the making of many fortunes, but
yet they are but an Infinitesimal part
of the whole.
Every Inch of Our Ground 19 Good.
Whether It be the Butte Boys, the
claims at Silver Peak, (which we are
confident will produce fortunes also,
and that not be many months hence),
whether it be the Hart ground, se
cured by our Mr. Bever when that
camp was first discovered, or whether
It be the Nighthawk lease or the claim
abutting the Butte Boys ground. Each
claim will yet be an 'acknowledged
Jewel, and those who then own shares
In them will heartily confess that
these predictions were not 111 advise
nor untimely words.
The Consolidation of All Interests of
the Butte Boys and Florence Cen
tral, and Extinction of tlie La.it Cor.
poratlon, Will Enable I'h to Center
All Our Energies on the One and
Only Important Problem of Produc
lng Gold.
There will be no divided Interests
hereafter, and though our greatest ef
forts will for the present be directed
to rushing work on the leases, espe
cially the two on the Florence, w-e
shall not neglect the Butte Boys. We
shall keep things moving at all these
points, as well as at Hart and Silver,
Peak. But as explained In the stock
holders' meeting, opening all these
Facts That Should Not Be Forgotten
Goldfield is only four and half years old. Goldfield has produced in gold, $19,947, 520.91
Goldfield paid in dividends, $7,517,000.00. Goldfield has one mine that yielded $15,497,250.91
Goldfield Consolidated has in sight $33,750,000.00.
Goldfield produced in eight months, $12,000,000.00
Goldfield is building mills with a daily capacity of 1 ,000 tons.
Goldfield have five new shippers on the outer rim.
BOYS CONSOLIDATED Mil
notably Clark of Wyoming, Heyburn
of Idaho, Teller of Colorado and
Carter of Montana.
During the controversy In the sen
ate on the subject, an amendment to
the agricultural appropriation bill
was proposed, providing that 26 per
cent of the money received from each
forest reserve should be expended a
the state or territory in which such
gates at one and the same time so that
the flood of go.ld may start this way,
means much expense for a short time,
but notwithstanding the added proper
ties, and the more than doubling of
the Intrinsic value of our mines and
claims.
We SluUl Not Increase the Price of
Stock, nut Now Offer All Not Sold
at 10 Cenw per Share, as Formerly,
25 per Cent Down ami 23 per Cent
per Month.
We urge present stockholders to
take up this stock at once. Do not let
It go to the world at large. Of course
we will sell to all who apply, but
earnestly desire that those who have
stood by the proposition until now It
Is to bloom into a mighty, monster
paying property, that they acquire all
that Is offered at this sale. IT IS THE
CHANCE OF A LIFETIME. We have
all our properties equipped, the Night
hawk among them, except the smaller
parcels, and the development work
already done Is worth every cent of
what the famous leases have cost us.
Tills Stock Now. at 10 Centu cr Shnre
Is As If We Had Sold lfc-rore at 5
Cents Each. Because AH Shares Sold
Now- Cover What Were Both Cor
porations, the Butte Boys liming
But live Claims at First, and tlie
Central Only ItH Two Len-ses.
The company never has advertised
Its Butte Boys stock at less than 10
cents, but now for a time SHARES
THAT COVER ALL NINE PROPER
TIES will be sold for a while at 10
cents each. And those shares sold
now will not have to wait for a year
or two for dividend returns. It would,
we foe sure, be safe to say that buy
ers will be getting dividends before
the last Installments have been paid.
Wlwt the Goldfleld Tribune Says of
Our Lease.
The next day after we had signed
the lease of the Florence Central (now
merged into the Butte Boys), the
Goldfield Daily Tribune had this to
say of the deal:
"The Florence Central Mining com
pany of Portland. Ore., has secured a
lease on one of the choicest sections
of the camp In the famous estate own
ed by the Goldfleld Florence company,
which has produced millions and
which today Is the center of the most
phenomenal mining operations of the
.state. Within a stone's throw of the
Little Florence, the Florence Central
has leased a tract of ground that Is
approximately 280 by 324 feet and
abutting on the north on the ground
of the Ched Mining company, the
south by the Little Florence, on the
west by the Florence Annex, and on
the east by the Murella. The area Is
almost virgin ground, as It lies across
the tracks beginning at the Milltown
hotel, and then running In a south
easterly direction. It Is proposed to
begin work at once on a double com
partment shaft and crowd the sinking
to the limit, as the operators are con
fident that It Is only a question of
sinking before they will tap one of
the numerous high-grade ledges of the
Florence.
"The same company has a two
years 'lease on the Nighthawk. adjoin
ing the booth on the north. Here there
Is an excellent double compartment
Incline shaft that Is down to the 200
foot level, and which carried an eight
foot vein all the way down to the 170
foot, where It left the shaft. Through
some fault, the former management
never attempted to recover this or any
other vein through systematic cross,
cutting so that the new company has
most excellent chances for finding an
other bonanza. Work has already
started In cleaning out the shaft and
balling has begun, as there Is quite
a flow of water accumulated In the
look in upon us. We have unlocked the Treasury of the Greatest Cold Deposit on earth.
Company and share with us in its Matchless Generosity.
forest reserve should beVbgkqJt gq
forest reserve was located might
prescribe. In drafting the amend
ment, the language of the prior act
was used, which read, "Including the
year ending June 30, 1808," and the
amendment thus framed waa adopted.
As the receipts for the current fis
cal year ending June to, 7908, will
be about $2,000,000, the western
sump. The Florence Central will un
dertake to explore the property thor
oughly, as the advice of some of the
best engineers In the camp Is that the
lost vein Is nothing less than the
famed Laguna producer.
"G. W. Bever Ib president of the
Florence Central, and also vice presi
dent and general manager of the Butte
Boys Mining company, which owns a
large acreage east of town. On the
Butt9 Boys continuous work was car
ried on through all the troubled In
dustrial period of last winter and the
company Is entitled to credit for not
losing more than a couple of days al
together. The Butte Boys has a shaft
that Is down to 330 feet, with two
crosscuts, respectively 140 feet east
and west, that are finished In true
miner fashion. In doing this work the
company gained assays "ranging from
32 to $3000 per ton. It Is currently
reported that a consolidation Is to be
tfected between the Florence Central
and the Butte Boys, as the stockhold
ers are practically the same," and an
amalgamation of Interests would
strengthen the standing of the com
pany and enable the officers to work
to greater advantage. Notwithstanding
this advantage the Florence Central ,
offers Its stockholders the probability
of sharing In the success that may
come through ownership of two full
claims at Silver Peak, and one claim
In the very center of the Hart district,
California. The Central also owns one
full claim adjoining the Butte Boys.
"The operations of the Florence
Central will be watched with great In
terest, as the management has the
funds to prosecute work without waste
of time or energy."
A Veteran Mining Man Writes Tills.
Goldfleld, Nev., June 5. George W.
Bever. Portland, Or. Dear Sir: Al
low me to congratulate you on your
securing a lease of the east side claim
of the Nighthawk Mining cnmpan
during your recent visit here. This Is
undoubtedly one of the most promis
ing leases In the Goldfleld district, be.
lng so favorably located and surround,
ed by such properties as the Booth,
Columbia Mountain, Oro and Lnguna,
all of which are controlled by the Nix
on and Wingfleld Interests. Besides
the Kewana, the Norcross and other
valuable properties are contiguous to
your lease, and the Lngunn, as you
know, recently opened shipping ore
on one of Its leases. The ledge or
vein Is large and strong and runs di
rectly toward the Nighthawk ground,
as shown by the compass, and leaves
but little room for doubt that this Is
one that you will open on the Night
hawk ground. Trusting that you will
attain great success with the lease, be.
lleve me, sincerely yours,
T. E. ENLOE,
Mining Investments.
What Goldfleld Has Done and Is Doing
At Its first annual banquet, given by
the Goldfield Chamber of Commerce,
on the evening of June 3, the report
of which covers more than a page of
the Tribune, Mr. J. P. Loftus, princi
pal speaker, among other things,
said:
Measuring the Future.
"I know of no way to measure the
future but by the past and In apply,
lng such a measure our future is se
cure. Four and a half years have
gone to the making of what you sec
about you. In that time Goldfield has
given to the world $19,947,520.91
$4,300,000 a year. This without quali
fication. This Inclusive of the strong
arm period, of the windlass down to
the electric hoist Inclusive of nearly
two years of most primitive methods
$4,300,000 annually, from the day
of its birth till now. The world'
record Is challenged. It took six years
states will receive $600,000
use of schools, Improvements of roads
and bridges, etc., Instead
as was expected.
' Dived to Death.
It Is supposed that as Paul W.
Quast dived In the natatorlum at Lu
na park In Seattle Sunday he struck
his head on the cement bottom of the
to bring Cripple Creek to the plane
Goldfleld reached In one. It is true
that the bulk of this wealth came
from a restricted area. The Florence
haa $3,000,000 blocked out In the com
pany ground, and an additional $1,
000.000 second grade In the Little
Florence and Syndicate ground. This
ore, $4,000,000 of It, now lies waiting
for the mill rapidly nearlng comple
tion. This mill has a capacity of 80
tons, and with the ore now In sight,
figuring on the same basis as the
Mohawk, It will take over four years
at the rate of $1,000,000 a year to ex
haust what is now In sight and 500
feet is the lowest point reached In this
ground. A mile to the southeast on
the Victor ground they have at 260
feet five feet of $50 ore the most Im
portant strike recently made. It's the
ore body of the C. O. D. and Gold
Bar, running high In copper 12 per
cent Indicating that southward there
lies the possibility of copper mines,
clearly hinted nt in the work of the
Florence. They have ore In the Ln
guna, at 300 feet, I think; picture ore
In virgin ground, carrying the known
ore zone nearly 2000 feet northeast.
The possibilities here are great, but
at present Impossible to determine.
"In the great production of the
camp, the Daisy. Great Bend, Qunrtz
lte, Sandstorm, Kendall, three miles
away, have been no mean factors. Of
the great total approximating $20.
000,000, there Is credited to the Con
solidated $15,497,250.91: Florence. $3.
000.000; Combination Fraction. $500,
000; the outer rim mines. Including
the St. Ives, $950,000. And let It be
noted here that $12,000,000 of this
amount belongs to a single brief
period of eight months, the days of
Hayes ft Monnette, Frances-Mohawk
and Combination Fraction a period
with a loss oj 100 days, due to labor
strikes, lost Irrevocably, which If em
ployed would have' swelled the grand
total of $20,000,000 to $23,000,000.
Distribution of Dividends.
"In passing, lest I be quoted, and
the dear outside public may he moved
to say. 'So. so; but where do we get
off at?' To these I say, 'You get off
with $7,617,000. These be your divi
dends; these seven and a half millions.'
Not bad. time and conditions consid
ered. Like our annual gross produc
tion, again I believe this dividend rec
ord challenges the world; and these
nre they who have divided with the
public:
Hayes 4 Monnette $3,000,000
Combination mine 1.200.000
Consolidated 720,000
Little Florence 600,000
Frances-Mohawk 546.000
Mohawk Combination (Ish
Sheets) 260.000
Mohawk Jumbo 180.000
Goldfleld Florence 210,000
Combination Fraction
leases
MohawkFlorence
100.000
The Rogers syndicate 165,000
Nevada Exploitation Co..
76.000
70,000
Jumbo
Miscellaneous leases ...... 300,000
Total .$7,517,000
We Have Not Space for So Much ns a
Synopsis of Mr. Loft us' Speech.
We wish we had. It Is brimming
with facts and figures that go to show
that Goldfleld, Nevada, Is today, and
will be for years, the greatest gold
mining camp on earth, and whenever
anything is said about the district's
wonderful riches, the Florence prop
erty Is' counted first, and as first on
the speaker's tongue.
Tlie Butte Hoy Consolidated Mining
Company la Now One of Cioldfleld's
Most Important Mining Corpora
tions. None are upon a more substantial
basis; none have more flattering pros
pects; no ground Is richer In gold than
at least a part of Its treasure bed, and
It Is ten tlmew bigger than ever, and
while It always has been certain that
the enterprise would well reward Its
shareholders, It la now a certainty that
It will pay lmck thousands for every
half a thousand placed In Its stoek.
While We Have Them on the Market,
Shares 10 Cents Each, 25 Per Cent
Down mid 25 Per Cent Monthly.
All shares are fully paid and non
assessable, and as the company does
not owe a dollar to any one, and never
will, there never will bo a penny of
liability upon Its shares, or any call
upon Its stockholders for more than
they already have paid. All stock Is
of the par value of $1, nnd the com
pany Is organized under the laws of
the state of Oregon.
for the
tank. He sank Immediately and
drowned before help could ' reach
him. His wife and father-in-law were
In the water at the time.
of $300,000
DeWltt's Little Early Risers, the
famous little liver pills, art sold by
Tallman ft Co.
Read the East Orefonlaa.