Newspaper Page Text
The Times—Pleasing] _ "1* Product of the Press ; | * * ^ ——-1 limes r V ERING TON, NEVADA, SATURDAY. DECEMBER ia. iqo7. ' ^ NIIMBRR INSTITUTION THAT HAS DISPLAYED ITS STRENGTH . It is with a feeling of pride that we again call attention to the splendid con dition of the Lyort County bank whose doors have remained open during the time when other banks throughout the land found it necessary to shut up shop. During the panic which has resulted in great losses to corporations and indi viduals, with their attendant nerve racking strains and suicides, Lyon county points with pride to its only banking in stitution as one built upon the solid rock of conservatism. That such a condition of affairs should prevail is due to the confidence of the depositors of the institution. How fully they realized the strength of the bank and its capability to meet all de deinands made upon it, is attested by the fact that never once was there the cry of wolf. • “In times of peace prepare for war,” is just as applicable to the affairs of a banking institution as it is to the affairs of a nation. The policy that has ever been pursued by the directors of the Lyon County bank is one that cannot fail to spell success. Its governing board is composed of men who have a keen sense of right and wrong and who have always been found on the side of right. How profitable it is to adhere to 9uch a |x>sition is brought out forcibly by the fact that new business is coming to the bank from remote distances. Aliove all, it speaks volumes for Yer ington. It is prima facie evidence of the stability of this section. Banks are bar ometers of a country’s prosperity. When times are good failures are un common, but let a panic hit the country and then how different. It is a worthy ship that can stand the storm at sea, it is a strong bank that can weather a finan cial crisis. The Lyon County bank has not only made port, but its deposits are greater today than they were before the slump. How’s that for Yeriugton ? Possibly many people do not fully real ize to what extelit the unusually prosper ous condition of business in Yerington and vicinity is due to its banking facil ities. Good, sound banking methods enable the people to maintain their credit at home and abroad, and no pro ject begun in Yerington before the de pression has been obliged to curtail in any part by reason of lack of capital. By careful and judicious use of its cash on hand the Lyon County bank has en abled its clients to perform thousands of dollars’ worth of work which has been distributed to the miners and mechanics in this vicinity. This has been done without crowding any debtors or sacri ficing a dollar of its securities. While the bank feels proud to have accom plished this without inconvenience dur ing these stringent tiniess its officers fully realize that the confidence of its clientage is a mountain of strength in tunes of trouble, and that the sensible and considerate action of its depositors ha , enabled the institution to stand on a casli basis when many similar institu tions have been obliged to suspend pay ment. The bank will soon be housed in its new quarters with a full up-to-date equip ment, prepared to give its clients all the advantages afforded by any banking in stitution no matter where situated. Cus tomers at a distance doing business by mail wiH receive just as prompt and effective attention as though personally present. -»—«. To Grade Streets Klsewhere in these columns will he found an advertisement calling for pro posals for bi«Js to haul gravel for the purpose of macadamizing Main street. This action taken by the city council shows that at last Yerington is going to have a modern thoroughfare which will he devoid of the ponds, mud baths, Private shoooting preserves and open-air 'ce rinks tliaf have been so much in evi dence during the'winter months for sev eral years past. It now begins to appear as though the streets of Yerington will be in a fit con dition to weather the storms of the wint er months. Yerington is blessed with a ver.v mild climate, the winters being ®Pe|i as a rule. However, it lias been the case up to the present time that the fhgbtest storm has caused the streets to he rendered almost impassible. It is in gratifying to realize that the coun cil is to relieve the situation. Feu) lylet) Pepoft fof ^fifoi'kMHFtifjstof) flffives oi) ScefjeHUfjio^ Tljfeatefjs flffest of OPerators -___ rnrrr • ** T °W‘"K dispatch to the Yeringtoa Times from its Goldfield oHl fr'nr n ie ?°ldfie,d Chr°nicle- latest developments of the Goldfield strike up to the hour of going to press: nort 1 ,LD!T'U> NEV-’ December I4» 1907 —A workman was de ported by strikers early this morning, which is the first case of its kind that has come to light during the present trouble. John W. Finch, formerly manager of the Consolidated, saw two men driving another and beating him with guns. Several automobile loads went to the scene but failed to apprehend the men. This and a street fight early in the week between Jack Davis and an agitator are the only acts of violence reported. Governor Sparks makes the positive statement that the troops will remain all winter. General Funston, when interviewed as to the length of time the regulars would remain here, stated, “probably some time.” The latter will remain to meet the special industrial commis sion coming from Washington and expected to arrive Monday next. Not over 50 men have offered to go to work. One hundred union men are engaged doing picket duty at the various mines to intimidate those who would return to work. No trouble reported as yet. It is probable that the electricians will go out on strike because of wage-reduction. The men must sign an agreement not to join the Western Federation of Miners. General Funston is interviewing all classes in order to gain an in timate knowledge of the situation. I he union leaders threaten to arrest the operators under chapter CXI, statutes of 1903. To make a case several “dummies” worked the first shift. The operators are willing to test the case, declaring the Act unconstitutional. . There was a meeting yesterday of the mine operators and fPr merchants relative to a reduction of the cost of living at which nt ing was accomplished. _ For the enlightenment of those of our readers who are not faniTy iar with, the statute of 1903, referred to in the above dispatch, we re produce its provisions: Section x. It shall be unlawful for any person, firm or corpora tion to make or enter into any agreement, either oral or in writing, by the terms of which any employee of such person, firm or corpora tion, or any person about to enter the employ of such person, firm or corporation, as a condition for continuing or obtaining such employ ment, shall promise or agree not to become or continue a member of a labor organization, or shall promise or agree to become or continue a member of a labor organization. Sec. 2. Any person or persons, tirm or firms, corporation or cor porations, violating the provisions of Section 1 of this Act shall be deemed guilty of a misdemeanor and upon conviction thereof shall be fined in a sum not less than fifty or more than three hundred dollars, or be imprisoned in the county jail for a period of not less than twenty-five days or more than five months, or by both such fine and imprisonment. Sec. 3. All Acts or parts of Acts in conflict with the above are ! hereby repealed. s? '.yu . -via... - ■ 1 .. = ■■: -=■■-» ■ ri" ..■—"jum • I Brilliant Interview About Yerington Louis W. Trankle, secretary anti man ager of the Mason Valley Mining and Real Estate company of Yerington, Net vada, has been in Denver during the past week, giving his attention to vari ous mining matters with which he is concerned. From Yerington he brought splendid news of conditions and pro gress, stating that the general financial embarassment manifest in the country at large is in nowise reflected in the Ne vada copper camp, which, if anything, is now enjoying greater prosperity tl an and the other a beautiful chalcoeite, '■un iting 55 per cent copper. From the BlueJay Mines An attractive piece of ore is shown, pos sessing a copper worth of 42 per cent. A fine cuprite specimen from the Ludwig Runs 74 per cent, and native copper from the same mine has a value of 70 cent. Ore from the Yerington Mala chite company .carries a 22 percentage of copper. From the Yerington Copper plant, including a system of hoists, drills, etc., and has started a three comportment .shaft which will go to the 1(100-foot. The Yerlngton Consolidated • Company has put in a similar plant and Will continue its shaft to a depth of 500 feet at least. This company is also driv ing a long tunnel on its property that will result in a thorough exploitation of its underground conditions. The Mason Valley J its property. The shaft is destined for I the 500-foot point and there will lie no let-up in the work until tliat depth is reached, when it is anticipated that an excellent body of ore will be opened op, judging from tlie surface indications and the investigations on the property so far pursued by mining engineers. This property recently changed hands for #250,000, a number of Eastern capitalists obtaining possession of it at that figure. Agriculture. Mr. Trankle said that while he war THE TIMES’ SERIES OF MASON VALLEY SCENES 1 • FLOUR MILL AT | NOROYKE ; FIFTY BARRELS DAILY 4 at anv time in its history. There have been no financial inconveniences notice able whatsoever; mine development has proceeded without the least show of ces sadon and noticeable success is being constantly achieved. Mr Trailkle brought with luma nunibei of fine copper ore specimens from the mines of the surrounding districts whic i he presented to the Record, and which will be added to the already excellent collection of ores maintained by the Rec ord. They are among the finest °“ ' lections originating from one district a a«;ide from their value and porten AA riches, sr. jjd. ** «*> hues. b““".&e SdimE specimens Am n”di8Dlav ill the specimen and min eTJde"pi»S »l ,1,E Record ere two from the Nevada-Douglas W«n*, One with . copper «I«« of 2 f*r cent 1 company conies two excellent specimens j of copper which show a value of 62 and I 30 per cent, and a bornite specimen from ‘the Mason Valley Mining company bears j , 45 per cent value in the red metal The Wheeler mine has contributed to J the collection with a combined copper | and gold value of 5150. From the West jern Nevada couipanv comes a copper I ore of a 30 per cent value. These speci mens speak mutelv but forcefully for the mineral possibilities of the Yenngtcm section and tend to confirm the enthusi astic statements that have been made by the sanguine believers in the camp s re sources and permanency. T1 e Western Nevada Mining company, controlled by Samuel Newhouse and as sociates lias installed an equipment sul ficient to sink 1000 feet and work is now being done towards commencing the ex tension of the shaft to that point. The Yerlngton Malachite Company has installed a large electrical Copper Company has uncovered an ore body so far proved, it is said, to lx* 119 feet wide, but the extreme width has not yet been ascertained. An average copper value of 7 per cent has been obtained from this ore body. The Y•rington Copper Company, in the east zone of the district has, at a depth of 250 feet, encountered on the hanging wall a streak of chalco cite, carrying values up to 62 per cent copper. The Reno-Yerington Company, north of the Bluestone, has opened a body of ore said to be 16 feet wide, which will average about 9 per cent copper, while a streak of chalcocite on the hanging wall shows a red metal value of 60 per cent. The McConnell Company Is sinking a three-compartment shaft on 1 © • enthused over the mining possibilities of the Mason district, he could not refrain from mentioning the excellent success wtth which farmers are meeting. In an agricultural way the valley is liable, he thinks, to secure as great renown as has come to it by reason of the wonderful mineral values that have been uncovered. The valley, which is about 12 miles wide aiid 40 miles long, is prolific in the pro duction of hay, alfalfa and potatoes, all of which produce finds a good market in adjacent mining camps, much of it going to Goldfield, while even San Fran cisco does not fail to deceive some of th« excellent potatoes that are grown in this valley, which is resourceful enough tc easily support a population of 25,00( people. — Denver Record. —t-«—« Kohn Bros, ready made clothing fo men at barn's. See our $20 special. * GOOD RETURNS FROM FLYER COMPANY’S GROUND < i Mara of OnkkwRl «M D. V. \ both of whom krv heavily inter ior j) the Flyer Gold Copper Min ipany, arrived in Vttingtm the ihe week and spent two daya in ^Ung the company's property. / Durinar Mr, Gelder’s last visit, a few weeks since, a contract was let lor sink ing a shaft on the^main ledge to*a depth of 50 feet. This work has been (Con cluded and it is now proposed toAan tinue the shaft to 100 feet. Several samples of the ledge were taken by Mr. Gelder and Mr. Marx, each of which showed an average value of #20 per ton Iti gpld, in addition to a fair per cent of copftef. The company's holdings arc located across the Mason renge, in the vicinity of Buckskin. There is everv indication that the vein on which the work is being done is the same one as cuts through the Kennedy Consolidated ground and front which, on the latter, such sensational values have been obtained. The physical condition of the property l>ears all the ear-marks of making into a mine of large proportions. The com pany is financially strong and intends to prosecute development energetically and consistently. This was Mr. Marx’ first visit to the camp. lie did not hesitate to say that he was most favorably impressed. Like many others who have seen the district, he believed the time would come when Yerington would take Its place as one of Nevada's leading cities. "The camp is a most substantial ’’ lie said' "The financial flurry seeuwtar have affected it but little. I notice smell activity in the buildltag line, while there does not appear to be any lack of cash. Yerington has stood the test ami has nod been found wanting. '* -«—«,- t Producing Bullion * "We are grinding away, producing bullion, ’’ was the reply of Fred Flttalt, general manager of the Wheeler,, to a question put to him by a representative of the Times. "Our mill is working steadily treating, I should say, in the’ neighborhood of ten tons of ore per day J The mill is but a five-stamp affair and while it might be inadequate Uf the present wants, it will not be enlarged this winter at least. “We intend to sliortly devote con siderable attention to a surface vein which shows for a width of nine feej and’ which has never been, prospected. ReJ cently several average 'samples of tins lead were taken, the lowest of tafeiefif was two dollars a ton in gold. W« con sider this vein worthy of no little amount of development. hiioum tne values increase somewhat at depth a«<d~ the ledge maintain its width, the Wheeler will make its mark in the min*, ing world as a producer. “We are carrying on operations at present in the big tunnel on a ledge that carries good values in gold. Indications are that the tunnel vein is either the same one that cut* through the surface or an independent one that will con verge wifh the nine-foot vein I have spoken of. In the latter event, it i* but natural to presume that big things ipay be looked for.” Mr. Flindt is a mining man of ex perience. He has seen responsible ser vice ifi tlie largest cam] s of i he Ci ast. That he came to the Wheeler as general manager speaks an abiding faith in the future of that property. He is on rec ord as saying that he will make e divi dend payer of it. Certainly, he Ikas a splendid foundation to build upon. -♦— To Rosiimo, Operations F. J. Uennard, Jr., was in town Wed nesday from the Honest Endeavor. He reports little activity there at tine pres ent time but state* that operation* will be resumed on an extensive scale the first of the coming year. In addition to occupying the position of superintendent of the Honest En , deavor, Mr. Lennard is also in charge , of the Union Blue mine, which entered , the class of shippers some time back. Both properties are close to the Neva- 1 da-Douglas, and have the same (Uarface ^ characteristics. They are each clipped r with facilities which *rfll|rfrm»t*f ex tensive development at depth, '* ». to «*■ «*.