Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1903-07-18
CHANCES STILL OPEN
FOR MAKING FORTUNES
Money Has Not YET Begun 10 De
Made In TOnOpah.

pah, thinking that the cream has
been already skinned and nothing
will be left except rather blush
tinged milk. They err in this, as the
history Of most mining camps Will
show. Take the nearby Comstock,
for instance. 1t was not james Fin
ney. "Old Virginia, nor Comstock
who made the large fortunes after
their discoveries in 1858, nor was it
Alpheus Bull and those interested In
the Curry, the leading divid, nd payer
of the early bonanzas who made the
greatest sums. Each successive |
strike seemed to increase the posi- !
bilities OF making money. The Crown
| Point and Belcher bonanzas, with the
other Gold Hill mines, gave an oppor-
tunily for amassing more capital. de-
vimIs ihough the methods were, than
! the previous ones in the Gould and
Curry. Cplir and Nexwan. and The
greatest sums OF all were made at
the time of the Big Bonanza, dis
covered some sixteen or more years
after the ur>i placer operations on
the lode and the discovery of the ma
ture OF the ore by the late Melville
Atwood and Judge Walsh, also
passed away. In LeadviIe large
fortunes have been made many years
after the original discovery, and
: that, too, without any profits from
stock manipulations, by such men as
the Guggenheims, Moffat and Smith
and .in,n, r. Gam 10 . and his after
California miners had deemed the
camp exhausted With the aging Of
camps facilities for treatment and
realization on ore are increased, the
costs of mining diminished, and the
, territory in good ones greatly
widpned. Hanna, who was the origi-
nal locator of Hanna's Reward, the
: first prominent claim located in the
/. Kalgurlie field of West Australia,
= made little. The first companies,
q Colonially incorporated with usum-
!, Gent working capital, made no
, money. At "a later date the reor-
ganizerr of these 'aunpa'u made
4 vast sums. In the Black Hills the
:. old placer mines made precarious
living, but to-day those who have
combined various interests and are
: working them on large and thor.
. ough scale are earning greater pro
, fits annually than the output OF the
q early individual efforts. Instances
= could be cited without number, sucl
} as Bingham, Utah. where sam
Newhouse has made more money
working the pyritic deposits, con
sidering only Il bugbear at an earlier
- date, than any of the earlier silver
: lead operators. Al Butte, Meadel
70 and Gagnon made little money a.
compared with the owners of thei
'e mines at a later date 1t ,ake'
. some time for mining camp to fine
; itself.
'e A great deal ~ exploration worl
e is done with purely negative results
10 but from which competent mining
men can make accurate deductions
. The late conner, if he has the training
= and experience, has, therefore, pro
vided he can command the necessar,
~ capital, a much better chance than
. the pioneer. Tonopah will not prove
- an exception. While it shows All in
teresting list OF men who have made
fortunes partially in cash and par
italy in less ubstantial paper, these
y will be insignificant as compared
= with those that will be made SHOULD
: the camp live up TO the expectation
{ of those best acquainted with it, NJ
e man having the requisite capital anC
y the necessary experience need feal
" visiting this locality, as beyond doub
it will prove to be one Of the creates
mining camps found in the West anC
; one in which the opportunities fol
y making money have been barely
{ scratched. Pacific Coast miner.