Salt Lake Tribune | 1906-03-02 | Page 6 | Spending Dividends

SPENDING DIVIDENDS. Red Top Eortunates Seek to Duplicate Luck In Manhattan Mines. Outside capital appears to bo anxious to get In on tho ground lloor at Manhattan, Man-hattan, as the Manhattan mines nre to receive tho capital, says the Goldfleld Sun. Two more large deals are recorded to tho credit of the camp. Ono Is tho purchase pur-chase of the Mayflower and Big Pino claims for a cash consideration of $100,000 by J. II. Weston, a prominent Comstock mining man. It Is generally understood that he has made the deal In behalf of a large syndicate of moneyed men on tho Comstock whom he represents. The other deal was the purchase of tho balance of the treasury stock in tho Manhattan Man-hattan Red Top company by a trio of California capitalists. Tho sale amounted to 40.000 shurvs at 15 cents. The buyers are Charles Knurman and J. J. Hall or Corning. Cal . nnd Gus Kraft, a millionaire million-aire from Red Bluff. , , Thev arrived In Goldfleld several days ago. and on Saturday left with Dick Co-burn Co-burn In a Pope-Toledo auto for Manhattan. Man-hattan. They made the trip In live hours and a half After walking over the Red Top ground the deal was then and there completed for the balance of the treasury slock. They returned last evening in the snmo auto, leaving Manhattan at 12:30 o'clock annd arriving hero at 7 o'clock, thus making tho lotal distance of 100 miles over desert and mountains an afternoon after-noon Journey. They had ono break down on tho trip and were stranded on tho dtaort for over an hour. The officers of the Red Top company are perfecting pinna for a big proposition bv which watt-r Is to be ditched and piped for fourteen mlls In order to furnish power and woter to the town and mines. They aro assured of at least twenty-six Inches during tho dry season and fifty-five fifty-five Inches at other times. Tho California people who bought the balance of tho treasury stock are also large owners or Goldfleld Red Top stock, holding between them over 40.000 shares, which they bought around SO cents several months ago. Thev -were here on n visit to sec about coflectlng their dividends when they were Induced to visit Manhattan and Invest there.