Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1902-07-30
NEVADA FOR INVESTMENT.
An Eastern Mans View Of the
Situation

Situation
J. E. Durkee, president of the Con-
solidated Mines Company of Esmer-
aida county, and who is also deeply in
terested in the Water and Power COM
pany of Tonopah, has been making this
city his headquarters for some weeks
past. He reports everything moving
in the right direction in both under
takings and can only see the brightest
outlook for both ventures. The Es-
meralda mines which consist of the
Pamlico and La Panta group, near
Hawthorne, are to be worked on
large scale. The company expects to
expend $4,000 on mill, water and
mine before dollar is returned to the
Golfers of the Eastern investors. They |
| are going about the matter in scien-
tific manner and surveyors are on the
ground running lines for all branches |
of the work. This is geld property |
and has produced many thousands Of
dollars since the discovery. AS there
| is an immense amount of low grade
ore the company will bring power and
water to the ground that it may be re-
duced without the expense Of trans
portation. 1t certainly looks like one
of the best business ventures in this
State
The project of bringing wate' and
power to Tonopah is one of the best
propositions that has been offered to
ern people were only too glad to get in
on the ground floor when the PROPOSE
ton was fully explained. The COM
pany has based its investment on a
years Ii the camp lives longer it
will mean that much more for the il
yestOrs. 1t was no trouble to dispose
Of the holdings and the capital could
ent value. Already the surveyors are
on the ground and material has been
ordered for the pipe line. The water
VIII be taken from Twin River. q dis
|
difficulties to overcome. The Waser
will not have to be pumped but will
run through the pipes as there is q
= fall OF over four hundred feet Il. the
. water will be flowing through the pip
L es by the first OF ;he year.
Mr.. Durkee is enthusiastic over the
possibilities OF Nevada He said:
3 Nevada is certainly a great State
Il but it is the lack OF knowledge Gil the
: part OF the people Of the rest OF tbs
. world that prevents her coming 70 tbs
'front.' more rapidly. The Jouble has
I been with this State that the people
oi the East and especially the inves
tors, believe tina. Nevada is strictly
silver producing section with nothin:
outside OF the white metal TO recon
mend investments. This IS aDsolutel.
: iGicuIols. The great variety OF me.
ais was the first thing 20 attract II.
:" attention. Every section displays hal
a dozen valuable metals that are c
use to the commercial ~orl1, and whei
i" his becomes known there will be IL
-rouble to interest capital from tn
Eastern states. Millions OF money ar
- lying idle in the big cities. and Cal
anyone snow where it can be place
n a reasonably safe mining yentur
u the money viii be forth coming | d
not mean nat every prospect vii
draw on the Golfers OF the East.
must be legitimate mining invest
~ nent where a reasona BILE amount OF il
~ ;eres, on the money Invested can b
shown. 1t makes no difference III
40 Kind OF metal furnished. gold. silve
d copper or iron. SO Ions as it viii wa
l' rant the investment
" Another point is the :5::Ter que
tion The people back there lougi
that issue out and We're satisfied wit
The result. Silver was beaten an
they have turned their attention t
; other issues. II you should go Ea:
with strictly a silver mine the chance
are you would be turned down. as til
zee " 4'A ''oAio LIZ III 0''''
=, . death TIE chances are that NJ
III enc stakeholder in ten III the TonOpa
IN mines knows that the largest percel
,,,. II tie mine ore are silver They L
ceive their dividends in gold or q,
rency ard are satisfied The on
way to dispose OF a silver mine IS
;a2&e the statement t.lat the ore
.orth so many dollars a ton, not
GaEy ounces in silver. They do n
'ea.:ze CHAT a hundred dollars wor
II silver is worth a hundred dolla
worth o. gold and this is the on
Uu ta:n.s thar the East is a stickler on.