Show MINES MADE BY LEASERS while the leasing system is not regarded with favor by many mining men the fact remains that some of the greatest mining camps of the th e west owe their to the early leasers leaders lea sers who made it possible for mining companies to engage in heavy and profitable and extensive operation after jessers lessors les sors sers those great ore finders had proved the existence of bodies of mineral evidence corroborating this statement is to be found on every hand at eureka utah during the early history of that camp the great eureka hill was worked extensively before the company began work which resulted in the payment of heavy dividends for many years leasers leaders made tonopah To nevada what it is today the greatest gold and silver producing camp in the sagebrush state and the leasing system has I 1 made dividend payers out of num numerous erous gold field properties giving this camp the proud distinction of being the most wonderful gold producer on the american continent it is an old saying that fools rush in where wh ere angels dare not tread this old saw might be altered to read that leasers leaders succeed where capital would balk and hesitate for the leaser as a general thing makes good where a corporation would decline to take the risk the history of the great mohawk is an example of what is in the leas ing system we quote from the th e Gold goldfield fiela review A year and a halt ago the mohawk was in appearance a wildcat it was not even on the trend of the ledges then known no company work was being done and the few leasers leaders who were sinking shafts there were looked upon with pitying eyes finally somebody got a small assa assay y another cut a stringer a third found a pocket and a fourth dropped into a bonanza the history of the hayes monette the truett the oddie the kalfus and the frances mohawk leases reads like a fairy tale sudden wealth was amassed by men who were tolling toiling with callused calloused call used hands ands h shareholders in the east who had invested a few dollars just for luck found that it was good luck indeed between four and five millions were paid in dividends last year from the mohawk the difference between the operations of a leaser and a mining company is that the former is looking for ore while the latter is intent upon doing development work along cut and dried plans if the leaser finds a seam or stringer of ore he h e follows it to its source or until he loses it the company management would pay no attention to such mineral indications as to do so would spoil the looks of the tunnel it is driving or the shaft it is sinking the company pays its men high wages and its employees as a general rule work by the clock and care not whether the workings are in ore or in country rock the leaser is different he knows no hours no weariness every fiber in his makeup make up longs for ore it is in his thoughts during his waking hours and he dreams of it at night he is a student in lits his work for denotes he notes every change in formation every seam and stringer his work may not be of a permanent character but what matter after tee he h e has found the ore after he has gouged it out leaving a network of drifts crosscuts cross cuts dinzes and upraises up raises the company upon the expiration of the lease can then do permanent and more scientific tift work for the leaser has found the mine has paid his royalties into the treasury of the company and this at no expense to the company any camp where leasers leaders have confidence to begin operations is on the highway to greatness and prosperity the leaser is the entering wedge to success |