Show how wealthy men with experience in nevada are leading the procession at camp gilbert by A J moore reno nev may 26 when on may 20 M J monnette capt john A hassell and F B mathews took over the gilbert homestake Home Honie stake gold mining company there was completed one of the most important deals that has happened in mining in many a month it was important not so much in the said to be involved but in that it marked the return to mining of one of the most famed men that ever made a fortune in mining when in 1906 7 M J monnette onnette of the famous plays hays monnette lease on the mohawk at goldfield were taking out their fortune from that lease the names of hayes and monnette became known around the world it was the sensational values taken from this lease that helped more than any other one thing to make goldfield known so widely careers of monnette and hassell M J monette retired with about he purchased a controlling interest in the citizens national bank ac los an angeles eles it was considered at the time that monnette might be all right as a miner but as a banker he was out of his element where he fooled the wise ones tle tie in oatman arizona when the oatman boom was on but it was not until about ato years ago when he got into a lucky spot in the oil fields of los angeles that he began to recover his fortunes during his oil experiences he formed the acquaintance of F B mathews who had been unusually successful even for an oil man leads the procession into gilbert together with S ford eaton the mining engineer and F B mathews capt hassell made the trip to gilbert he spent three days examining the geology of the district he is himself a widely known mining engineer having had experience peri ence as such from south africa to alaska with goldfield as a middle ground he agreed with S ford eaton as to the geology of gilbert As the first big money ever made by H J monnette was in leasing and as chevas he was to be taken in on any deal entered into by hassell and mathews their first venture was a lease on blocks 7 8 and 10 on homestake Home stake hill part of the property they have since purchased they formed a close corporation and named it the gilbert midas xi X fifteen ton shipment from fon the mackie lease on the I Hone stae ready to start tar for to the te wet west end mill AIM lot brought 77 7 a ton he placed his son ora monnette in charge of the active work while lie he sat back and directed from a small comparatively ively unknown bank the citizens national was built P to become one of the largest of banks in a city of big banking institutions next lie he purchased control of the bank of america and began the process of making that jank bank another powerful institution on Satur saturday dayl may 16 M J monnette sold his interests in the citizens national for r cash in march of this year reports reached capt john A hassell in los angeles of the rich new discoveries in in gil bert rt nevada S ford eaton a young and husky mining ginevr engineer gine cr was sent in to look the camp over and report he returned to los angeles with so f favorable ivo rable a report of what he ne saw at gilbert that later capt hassell made a trip in capt hassell is the man who organized t the goldfield consolidated mining ex exchange cliance he was one of the few who 0 o retired with his bank roll intact he bought a seat on ali ie new york stock E exchange within one year a good portion of his of goldfield money had vanished with ith the remnants of his fortune he returned to los angeles and d joined his old friend M J monnette he dabbled a lit ht exploration company A portable portal ble ingersoll rand compressor was ordered and installed meantime arrangements had been entered into with the gilbert mammoth last hope which sidelines the homestake Home stake whereby the midas was permitted to go further down the hill and start a tunnel on mammoth ground t by this arrangement r the midas will have about feet of backs back s when it enters the home stake vein no 1 on the next trip into gilbert capt hassell and mathews took over leased eased bloc blocks ks nos 1 2 and 3 at the extreme south end of homestake Home stake hill these blocks were incorporated into the gilbert midas extension which is being 6 developed by a ver vertical fical shaft gallows frame gasoline hoist and ingersoll rand compressor have been installed next the los angeles syndicate for by this time others hai had joined thern them took over the gilbert oversight mining company which has a 25 foot shaft showing a very promising vein many deals and leases R recorded recorded ecord ed now comes the deal whereby the hassell monnette mathews syndicate as it is known takes over the whole hom Home homestake i stake property the homestake Home stake was located locate dby by chris 1 jansen hansen alex john nay and J M finley these men iiren had rushed out to gilbert some months before when the news of the strike by the gilbert brothers became known they located the black bilack mammoth later they optioned option ed the black mammoth to the gilbert brothers and their backers for which at the time they considered a good stiff price when they found that the gilbert last mope hope mining company would take up the option they did not want to be without property in the new district so another rush was made to gilbert and the three homestake Home stake claims were located the last hope and the black mammoth companies were later consolidated to prevent any possibility of an apex question arising between the two companies this was easily accomplished as the two were practically controlled by the same men with the obtained from the sale of the black mammoth claims hansen nay and finley started a tunnel on the north end of the homestake Home stake hill they reserved blocks 11 12 and 13 for their own operations meantime harry stimler the discoverer of goldfield persuaded the locators of the homestake Home stake to incorporate this was accomplished and the gilbert homestake Home stake gold mining com ipaty was incorporated with a capital of shares of a par value of loc with shares in the treasury the locators holding the other shares for the property harry stimler then secured an option on all of the treasury stock and promotion stock it was by purchase of this stock that the hassell monnette mathews syndicate secured control meantime the whole of homestake Home stake hill had been leased the leased blocks beginning at the south are in order blocks 1 2 and 3 held by the gilbert midas extension blocks 4 and 5 by the goldenberg gold en berg mining company controlled by los angeles capital block 6 by the big swede mining company blocks 7 8 and 10 by the midas exploration block 9 by blackie blocks 11 12 and 13 by the gilbert monte cristo mining company and block 14 by M L green of Belle hellen every one of these blocks is in shipping ore from the midas exploration a shipment was made from a shallow shaft to get it out of the way strikes and shipments A shipment from the blackie lease returned 77 per ton the midas is now driving its tunnel which is within about one weeks drive of the vein the big swede is developed by a tunnel and has bas exposed 17 feet of ore of which 3 feet runs around per ton ore bins are now under construction and shipping is to begin the goldenberg gold en berg has shipped ore exposed while the midas extension delayed work awaiting arrival of hoist compressor etc continuing on over to the next property the gilbert extension three sets of leases are in shipping ore this makes a continuous stretch of about 2000 feet all in ore one of the most remarkable showings in mining within the past week two important strikes have been made on the last hope ground early in the week homer buckley after working nearly all winter at various efforts by tunnel and shallow shaft and trenching drenching tren ching moved over a few feet from some old workings done by him earlier in the spring and at a depth of three feet got rich bannings pann ings A little it more rework mo work and he was in ore that rivaled that of the so called jewelry box on black mammoth he is saving rich ore and will ship this week the next rich strike on last hope ground was made in in the whitman macy lease about feet south of the homer buckley lease he has assays essays running over two feet leasers leaders secure quick settlements on ore A favorable condition in shenew the new camp esthal is that the west end mill first and now the tonopah To mining companas Comp anys mill at millers will take small shipments of from one ton upwards and settle for the same within 48 hours this means a lot to leasers leaders who for the most part are working on short money fifteen tons in the three trucks were loaded sunday may 3 and delivered to the west end mill that night and on may 5 it was settled for at 77 per ton As matters now stand in gilbert not counting any of the thirty or more imore lessees lessels working nor the twenty five or more companies partially financed one may be assured that work will progress for a long time regardless of grade of ore encountered at the midas exploration midas extension big swede mining company goldenberg gold en berg mining company gilbert T G company gilbert mascott colorado gilbert black mammoth the desert gold gilbert oversight original gilbert alto divide mining company kernick divide mining company and the nevada gilbert mining company the alto and the kernick are two divide companies that have purchased claims in south gilbert each of the divide companies is already provided with good equipment and each has money in the treasury these companies by levying assessments may imay keep development work going indefinitely other companies in the district are not assessable and are in process of financing except those mentioned above as assured of continued work |