Show CAPITALISTS NOW NOSY FLOCK TO PHONOLITE One Dozen Companies Being Formed for Extensive Development Development Development De De- De- De Work BIG VALUES HOLD GOOD Results Most l Remarkable In I Stat 5 for Work Vork ork Done Says Late Arrival T. T S. S Wolcott one of or the earliest pioneers pIoneer of or the lie district who I is In them the cl city closing clasing an important deal teal declares that his district is proving pray pray- pro ing lug all that lint it promised at its Is Inception tion which was that lint It I was the lie richest richest rich rich- est mineral country in Nevada The TILE m numerous ledges which yielded such I phenomenal values alues at tho the surface arc growing both wI wider er an and richer as am S depth Is attained and the mining mining- mining men mar menor L of or Nevada an and Utah arc beginning to tc realize what this means menns to the extent L of or acquiring large Interests In the I camp A r number of or properties have changed dicing chang I ed cd han hands s In the time last ten days ns n's Mm h Wolcott olcott says an and not less les than a n. L doze companies arc are being formed t to undertake e Lov development work on Oil an at 1 extensive scale Sam A. A King In and as associates as- as of this city have o ha Just ma made mad e etho tho tIme final payment on ott tho the purchase o of t sixths five f interest est in twelve twelve promising promis In ing claims Mr 1 retaining the tim sixth one-sixth interest nn and the capital L is S forthcoming to begin at once a a. a vcr very crr active campaign in the development de o othis of this property which is among mung the tim richest in the district The deal also t includes the handling of the Iho townsite at and the piping of or water wate 1 to lo the town lown Ju Judge e n Ray of or F. F M. M Benedict Bene Dene- dict lct of Tonopah a Mr Lincoln o of 01 r Washington D. D C. C and amid other groups group S of or capitalists ls of Tonopah L Minnesota and Ohio ar arc aro I among those who v have recently acquired acquired ac ac- interests In iii the camp an and amid ar are arc a preparing for active work Values Are Sensational As to the values vares being beinS' found In th the C s district Mr Wolcott says sas that thul they lie V run lUll from four to twenty live twenty twenty-lve ounces Ingol in ingold ii ii gol gold and from 20 to ounces L In n sliver silver with wih tho the sensational figures b by byno byno y yno no means rare Some eight or ten leasers leas ers ens aro are In high hlll grade ore Tb The Thc c greatest depths yet attained are oi on 1 the time Black Dack Mule lule and Silent Friend Frien oid d properties the former formel having a tun tun- ret rel which mak makes s about feet depth dept Ii and the the latter hatter a shaft shat CO GO feet deep deet cep Mr Ir fr Wolcott olcott says sas there thero is no doubt that the showIng Is the most mos remarkable remarkable remarkable remark remark- able in ili tho the state for the amount of work dono done A has been established c at an and a a. contract for tor carrying the mail from Austin Austn has been let while the prospect for securing a a raIlroad raIl ral- road Is bright Tho The Western Pacific company compan It I 1 Is said sid has pur purchased l l ed the thc Nevada Central which runs from om Battle Mountain to Austin Austn and is running running- a survey from Austin Austn through h Tone bite valley b by way of to Tonopah and Phonolite Is In the northwest corner of N Nyc Nc e count county 95 miles mies north norh of Tonopah 45 miles southwest of Austin Austn 65 miles mies northeast northeast north north- east eat of or Luning an and 25 G miles mies southeast southeast south south- east eat of Fairview |