Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1876-11-29

SNWC9 ANR KmAAOCVk Ahs
- nasA h ~ ssgSoa q country
Alaoss apse - sssyansy - Sspsss.
siea q - snsek nassst - % lsag
. ssasoa q saspidisy has bssa sspssi-
sossa sAas Psopas ere getting sasssss
ahoas ~ ultlnaae sssslt Sc0s ny
b sosad vAe wjN ~ tAse - sss
sssse aGaia b sxPssisocs he great
slvssess - eorrssposdiao great
dsc,inss tAse marked the 1seeuasioas
II niaiAg escsrisiss IN ysars pase.
TAsis sssEsioa. soo. b cfssn cup.
posssd By VlaBsisls asysosst. Il =
cell 10 rsusnbse. psrhsps. bs6ors
giviaa sar 10 vAst they say. that IN
eli dsclisss hsssscfucs. especially of
eny grsae csatinuanes, The sa0s b.
liss vss expsssssd.
Il b ccrtaia that the watering OF
mining stocks which has been prac-
Sicsd BY % many Of the coopsniss
during the pass two years hes had .
sendesey % preserve more Of IN
esuilibrium u values. II hes die
seminated the shares over % broad IN
area that il is row much harder than
formerly to gather them IN for pre-
meditstea monopoly and speculation.
It also takes much more capital 10
insugurase the performance Of .
IDEAL" thaa formerly. md . great
pany Who have made fortunes in
mining operations have Withdrawn
and entered what are called legiti-
mate 1eld. Of investment. We Of the
Pacific, besideA are gradually assim.
slating with those Of the Atlantic,
through the ready means Of inter-
course afforded by she railroad, and
our ideas Of making money are stead
Ny and on our part unconsciously BE-
coming modified and shaped more or
asse ~ accord with those Of oar East.
ern brethren. Hence We are satifisd
with smaller profits aud are inclined
30 he more cautious in investments.
These are the reasons that some urge
why the margin Of fluctuations in
future should he reduced to = mini.
mum.
Asother question that 10 beng con-
sidered il she prcsens period Of de-
spondency il whether s,acs the dis
covery Of the Consolidated Virginia
bonanza values have not increased 70
> degree n which they can no longer
be NEUTRALITY-SUSPICIOUS. the price Of
mining shares 10 no, now settling
gradually back TO whsre it Vas be-
fore thu discovery of the bouansA, or
to point more nearly in keeping
with the intrinsic value Of the mines.
This may be sas,ly answered by say
ing. 6rss, that since the discovery Of
he BONANZA al mining property he's
advanced in prospective value 10
strict accordance with the advance in
the price Of stockA or in other words,
that values are not inflated; asd SEC
osd. thsa mining property. from il
NATURE. can have No permanent in
tridsic value. Il 10 1t best but TEN
porsrily certain, and 10 geserally
based on probability. For instance.
since the snccess Of the Consolidated
Virginia and contiguous mines il
caslinx the Cosnssock On ID eastward
dip q . poins reaees from the sur
face, eli the nines on . line with it
sre reaaersd uore valuable by the
eAsnss o. meeting with similar sue
Cen. Likewise with the Justice and
correlated mines. Furthermore, since
Ahe discovery Of the bonaasa more
capital hes besn invested in mining
ventures In this region tAan ever be-
foss mining il % . srnsr AAd BET.
~ basis, asd Il would be unreasonable
10 expect and inpossible to produce
. dspr>ssioa % correspond with .
former era vhea there was les real
- veil - prospective value. And
finally, mining operations are helped
aloes. assessmenss srs paid by .
larss number and consequently fall
lsas Asaviiy upoa thp spssssd, By in
dnciag tAe oass at tn people 10 bold
shares. nsss - lsss. The nass will
not buy. head - hass saything to Dc
WITH the shares aalsss thess 10 .
.aAa.cs for = sdvaace escasioaally Of