Beatty Museum & Historical Society in Beatty, Nevada

High levels reached during 1906:

• Montgomery Shoshone sold up to $20 per share
• Tramps Consolidated sold up to $3.50 per share
• Amethyst sold up to $1 per share
• Gibraltar sold up to $1 per share
• Golden Scepter sold up to 80 cents per share
• Bullfrog Victor sold up to 36 cents per share
• Montgomery Mountain sold up to 65 cents per share
• National Bank sold up 55 cents per share
• Mayflower Consolidated sold up to $1.10 per share

About one year later, after suffering a steady decline, the above list was quoted at the following prices on December 17, 1907:

• Montgomery Shoshone (now selling) about $1.00
• Tramps Consolidated 19 to 20 cents
• Amethyst 7 at 8 cents Gibraltar 2 cents bid
• Golden Scepter 3 cents bid
• Bullfrog Victor 2 at 3 cents
• Montgomery Mountain 3 at 4 cents
• National Bank 10 cents bid
• Mayflower Consolidated 15 to 16 cents

To accommodate the Gold Center company's affairs to the altered financial conditions your officers deemed it advisable to distribute the necessary effort of raising large sums of money to properly equip and develop the various groups of properties which are located in variously widely segregated sections of the Bullfrog district. With this purpose in view, three different companies were organized to take over (1) the Surprise claim south of Bonanza Mountain in the western section of the camp, (2) the three claims on Montgomery Mountain in the eastern section and (3) the large group of claims five or six miles to the north in what is known as the Crystal Springs section. As a result of this wise plan the Gold Center company retains a very large interest (a total of 1,600,000 shares) in all these properties and will eventually see them operated and developed without being called upon to contribute the large funds necessary. By thus distributing the burden among several companies we have been enabled to enter into certain favorable contracts looking to the speedy and complete financing of the Rampart and Syndicate groups all of which is to the immediate benefit and advantage of every stockholder in the Gold Center company. Not only has the Gold Center company already received many thousands of dollars for disposing of these properties to the Syndicate and Rampart companies, but it should receive many thousand of dollars more in the form of dividends and will retain a very large stock interest in each one of the companies.

In the meanwhile, we have carefully protected all the companies' rights, have advanced the necessary annual assessment and development work as rapidly as possible, have had all the groups surveyed for patent, and used every effort to secure speedy title from the government for these extensive holdings.

A few certain stockholders have written and requested more regular reports. There was absolutely nothing of interest to report to anyone until the recent movement took place. Now that matters are again looking up in the Bullfrog district we will keep you regularly advised as to what is going on in the holdings of the Gold Center and subsidiary companies.

About six months ago certain contracts were entered into for the sale of treasury stock with the Bullfrog Rampart and Syndicate companies, and from present appearances, the parties who have these options are very likely to carry them out successfully.

As to what disposition, will be made of the stock assets of the Gold Center company, obtained from the Rampart, Syndicate, and Tramps Annex companies has not been definitely decided. If a stock dividend should be declared it would mean that each stockholder holding 1,000 shares of Gold Center would be entitled to 400 shares of Bullfrog Syndicate, 200 shares of Bullfrog Rampart and 1,000 shares of Tramps Annex. For the present the Board of Directors deemed it advisable not to declare this stock dividend, but to hold the assets intact until some future date.

The management from this time on will exert every effort in their power to manage the company's affairs in such a way that the properties will be systematically developed with a view of opening pay ore on the different holdings of our company. Reports will be sent out more regularly as conditions have now improved and there will be news of importance from time to time.

Yours very truly,

THE GOLD CENTER MINING AND DEVELOPMENT CO.
W. E. PASSMORE, Secretary