Show DECLARES LEASES I IMADE MADE Contracts There Differ From Those of 0 Other ther Camps Says S. S Flower I INO NO OPTIONS TO LESSEES I In Some Instances With Short I Terms They Start to Work Woi k From Surface According to Sydney Flower of Goldfield Goldfield Goldfield Gold- Gold field N Nov who was at the Wilson Sunday Sunday Sunda Sun Sun- da day the mining camp is one of the tho most unique in the world Mr I Flower hn has be been n in Chicago for the thelast thelast thelast last few fow weeks week and stopped In Salt Lake Sunday Sunda en cit 11 route to Goldfield Tho The properties are aro producing ing lug between and In bullion monthly he sa says 8 The rhe I camp has not reached It its full hearing bearing I capacity r. r paid Mr Flower as aa practically practical practical- ly h all of or the mines have havo not reached what I is termed depth Among Among- tho the paying mines are Jumbo Red Top Jumbo Extension Mohawk Florence St St. Ives Con Consolidated Goldfield Mining 1 ane and Laguna The shippers outside the merger are the tho lessees of or Florence and Jumbo Exten Exten- non sion on The Thc leases have ma made maJ J Goldfield said Mr 1011 Flower and the lenses differ there from those In an any other gold old minIng mining min mm- ing big camp In itt the tho countr country The ow owners nera newer take a lease on their own property property prop prop- erty for themselves g It has haM been a general custom in other camps to do this when the property properLy showed showell a rich of ore the owners giving themselves them them- solves selves a lease for one or two y years vars ars together with an option for the purchase purchase pur pur- chase EO of the property at the expiration of or tho the p period of or the lease Such a proceeding pro pro- worked an Injustice to th the company compan owning the property since If tho ho property turned out rich the leasing company could secure tho the same at a a. comparatively nominal price bUnch Block of Ground In it Is Js the practice to grant Irant a certain block of ground to some flome reliable Individual or company financially able to work it to a n re required required required re- re depth within a certain time It has never ne yet happened that the leasIng leasIng leas- leas Ing lag company or Individual secured an option on the property The best illustration that can be offered of tho the exceeding richness s of ur the ore is the fact the tho teasing leasing companies companies com corn having obtained a lease for Cor a 3 year or a year and a half halt have actually actual actual- ly Iy started from fron the surface This is 19 the case in reference to tho the Little Florence Mohawk Jumbo and tho the Monnette all nil of which are leases and have hove paid regular anti and profitable dividends to their stock stock- holders Heal Heul Streaks hIgh Grade s The uThe feature of the mining ores which distinguishes s the cam camp from an any other gold Jold producing cam camIn camp campIn In the world Is the exceeding richness of what is IR known as the high grade streaks streaks- In most gold old camps these thes streaks lie Ua near the surface and seldom sol sel- sol sol- dom exceed a width of live or oi sL inches The TIle values alues range from several sev soy oral eral hundred dollars to the ton t to less than 50 In Goldfield it has lui been pro proved that at a depth of or feet the high grade streaks exceed tw two and a half feet teet in width all of ot which will average several hundred dollars to the ton tolu with seam seams that will a ussa assay sn into the thou thousands ands of dollars doUar Some o othe of the richest ore shows no gold to Ih tho naked eye From Front the Little Florence and anti th the Mohawk streaks s of ribbon gold hav ha have been taken out the gold ol being in th the tho form of f a 0 band hand through the ore that tha measured from a half haIr inch to quarters quarter of or an Inch in width The ore itself elf differs materially material from Crom the gold gold- gold bearing quartz of or Call Call- fornia Cornia an and is unlike anything found foun in the tho old Comstock of Virginia Cit City or an any of the thu camps to the south People Are Arc Confident The feeling among Goldfield people is one ono of or absolute confidence in their thel camp They have otoro booro their c eyes eye es esthe the e essential proof of Goldfields Goldfield's greatness greatness great grant ness In it its monthly output of ot bullion In common with all alJ speculative securities securities ties the Nevada mining mining- tocks stocks have hav suffered during the recent depreciation of or standard eastern securities but In Inasmuch tn- tn Inasmuch as tho the country generally I Is prosperous and as we WI look to public patronage every fall fail to sustain ou our mining muting market we wo are arc generally of the opinion that thaL the tho usual rise c in mining stocks will strike about November No No- I vember 20 h by which time It Is ver very I probable tho the eastern situation wil have adjusted Itself In speaking of 01 Chicago Mr Flower said It Is not a n. mining stock town In Inan an any sense of the word Bankers ers look with disfavor on mining securities and andin in iii addition to refusing to loan money on in such securities i advise their patrons to steer clear of mining stocks Cattle hogs and wheat are about the on only things s Chicago o mone money 1001 looks s sat at said Mr Flower He lie believes es that New York San Francisco Los Angele Angele An- An Angeles gele geles Denver an and Salt Lake La aro are about the on only towns In the country countr where mining exchanges s will sIll flourish under present conditions at least I Referring to Salt Lake Mr r. r Flower said that Salt Lake Is beginning to to-do to do more than hol hold Ha its own in tho the selling gelling of mining machinery in Nevada Mr Ir Flower will leave Monday Monda mornIng mornIng morning morn- morn Ing for Ogden and from front there proceed on his Journey journe to |