Adventure, June 1911 — page 11: what you’re looking at

Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.

My Adventures with. YourMoney said that to pine a fileeenday examination. would -‘méan practically to shut down the property for that period and would result in a positive loss to them because of the lim- ited period of their lease. The possible loss, if the deal fell through, was too large to con- template, and they refused. DAY by day, as Mr. Campbell and ' Mr. Sullivan dilly-dallied, the out- put of the lease increased, and when, a fortnight later, all three of us were unan- imously in favor of the proposition, Hayes and Monette flatly refused to sell. Within half a year that lease on the Mohawk pro- duced in the neighborhood of $6,000,000 worth of ore gross, and netted the leasers about $4,500,000. The L. M. Sullivan Trust Company certainly ‘overlooked a bet”’ there. About this time I spent an evening with Henry Peery and W. H. (“Daddy”) Clark. “Daddy” Clark, like Mr. Peery, came from Salt Lake. Mr. Clark had successfully pro- moted the. Bullfrog Gibraltar. Seated around a table in the Palm Restaurant, the conversation turned to new camps. “Rice,” said Mr. Clark, “I expect to be able to put you.in on a townsite deal in a couple of weeks that- will make you some money if’ you undertake to give the camp ~séme-publicity.”’ “‘Good,”? said I. - “Tam having some assays run,” he said, “of some samples which were brought into camp last night by a couple of prospectors, and if they turn out to be what the prospec- tors claim, or anything near it, we’ll need your services to put a new camp on the ma That night Mr. Peery learned from the assayer that the lowest assay of 16 samples was $86, and: the highest $475, per ten. Next morning Mr. Peery informed me that he had worked all night on Mr. Clark to ‘learn where the ore came from. Mr. Peery said -Mr. Clark had told him, in the wee sma’ hours, that the rich stuff came from Fair- view Peak, fifty miles east of Fallon. “Rice,” said Mr. Peery, ‘“‘let’s beat him to it. He’s going to trek it across the desert by mule team with a camp outit to-morrow, and it will take him a week to get there.”’ “Billy” Taylor, who was interested with Mr. Peery in a Bullfrog enterprise, joined the party, and we each gave Mr. Peery a looks good to me. 197 “Heck for $500; forming a ‘pool ot $2,500 to send a man to‘Fairview to buy properties ' there. Mr, :Pééry -wired the.:-Bank of the Republic at Sal Lake: te pay’ Ben Luce $1,500, and instructed’ Mr.xLuce-by wire. to take-the money, go to* Egirview and: do. | business. ‘It was nearly two weeks before: we ieard i of either Mr. Clark or Mr. Lucé. Mr. Clark returned to camp and ‘said he had purchased the Nevada Hills property, scene of the big find, for $5, ooo, and that it was a “world-beater.” | {Did you meet any outsiders there?” queried Mr. Peery. . “'Ves,”” said Mr. Clark, “T met a man named Luce who almost got ahead of me. In fact, he.did buy the property before I got: there, ‘but he had no money, and they would not take his check for $500, which was the deposit: required. I had the gold with me, and that’ settled it.”’ A few days afterward, Mr. Luce came to. Goldfield. “T didn’t get the big one,” he said, “but I bought the Eagle’s Nest, near by, for $7,000, of which $500 was demanded to be paid down, and there is ore in it and it I had no money with me when I arrived in Fairview. They re- fused my check for the Nevada Hills, but the Eagle’s Nest: boys took it for the first payment of $500.” Mr. Luce was not at home when Mr. Peery’s despatch was delivered in Salt Lake. When it reached him the bank was closed. In order to catch the first train he was com- pelled to leave the money behind. He ar- rived in Fairview minus the $1,500, and thereby lost the Nevada Hills for Mr. Peery, Mr. Taylor. and the Sullivan Trust Com- pany. Mr. Clark and his partners incorporated the Nevada. Hills for 1,000,000 shares of the par value of $5 each and accepted sub- scriptions at $1 per share. Within a few months the Nevada Hills paid $375,000 in dividends out of ore, and soon thereafter, at the height of the Gold- field boom, it was reported that the owners of the control refused an offer of $6,000,000 for the property. The mine has turned out to bea bonanza. The stock of the company sold recently on the New York Curb and San Francisco Stock Exchange at a valua- tion for the mine of $3,000,000, and, it is behteved| by well-posted mining men to EO SOO AMG <SEGO