The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1904-12-09
Who Owns Coldfeid
DAILY Mining Rc-ord.)


field, the new bonanza camp of Nevada,
is especially favorable IT. its command
of the human forces which go largely to
bring about extensive ard successful
development. While the desert gold and
silver belt of Nye and Esmeralda coun-
ties is much nearer California and Utah
than it is to Colorado. at the same time
it occupies a position near enough to the
center of the mining universe To attract
to it enterprise from all directions, and
the results are already beginning to be
felt. Hundreds of men who know from
experience in other fields how to make
mines are faced toward the new region
of wealth. One of the interesting fea- |
lures of the Goldfield situation appears
in the number of metropolitan centers
of finance that are aspiring to the domi-
nation of the Nevada district. San
Francisco, Salt Lake City and Denver,
the three cities which represent the
stars in the lateral girdle of the Rocky
Mountains, are all reaching out for a
share, and as a result of this triumvirate
the interest in the new camp is wide
spread and the initial developments are
very rapid.
In the early days of Cripple Creek,
Denver mining men looked with some
doubt upon the future of the new camp.
Colorado Springs was not so backward,
and by reason of this fact, as well as of
its proximity to the district, it o
command over the destinies of Cripple
Greek, and held it permanently to the
practical exclusion of all others. The
headquarters of nearly all the leading
Cripple Greek mining companies were
established in Colorado Springs, the
most prosperous mining stock exchange
that the country has eve seen was es-
tablished at that point, and the great
gold camp had to be entered financially
and otherwise by way Of this city. This
proved to be both a good thing for Colo
RADIO Springs and for Cripple Greek, for
business was concentrated and easily
transacted.
Physically and geographically, the
conditions do not warrant a repetition
of this history in Nevada, this being in
some respects fortunate and i'll others
unfortunate. While San Francisco DOM
mated the Comstock market Of a quarter
of a century ago, and does still today,
and while the headquarters of Comstock
business has always been on the Pacific,
this was largely due to the fact that San
Francisco was then without IA COMPETE
tor. Today such is not the case, for
other sections have sent their represen-
tatives into Tonapah and GOldfield and
San Francisco is not sufficiently close to
the new mining territory to control as
Colorado Springs did at Cripple Creek.
The result is, as already indicated, that
Goldtield is claimed by the entire coun-
try, and there is no financial center.
Several cities are doing an extensive
business in the way of promoting new
companies, though San Francisco is
doing the largest share Of the straight
brokerage business, of which Salt Lake
City has some and Denver little to speak !
of. Colorado men, however, are said to
control a large proportion of the Gold
field acreage. In fact, there is a con-
siderable number OF prominent Cripple
Greek men on the ground to stay, and
they now cast their votes in Nevada and
have taken on a new citizenship.
The Goldfield and Tonopah brokerage
business, just referred to, calls for care
full consideration. At the present time
Nevada stocks are being called on at
least four exchanges that we know of,
and there are numerous houses doing
an independent business. Thus we find
a stock market condition that is lacking
in uniformity and therefore subject to
much confusion. No central RESPONSE
bility is exercised over such IA market,
and, therefore, it is calculated to do a
great deal of harm until some one picks
up the various elements and Yields them
into a single sound organization, based
upon the highest of market principles.
We believe that such an exchange is in
evitable just as it had to come in con-
nection with the Cripple Creek market,
because we believe in the future of Gold
field and this entire region. The indie
pendent broker may make this difficult
of consummation, but even he himself
will have to admit the correctness of
this view in the course of time.
So long as Goldtield is so widely domi-
mated, it is certainly in the interest OF
this camp that the various financial CEN
tiers should work in accord. Sectional
baoEbitino will do no one any Good