The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1904-09-23
DISTRICT Of WONDERS.
So Says Nevada Mining Nan, Speak,
ind Of Co.dfeld.

J. Nelson of Mountain City, a
promising district Of Elko county, made
an investigation Of the Gold!ield district
az the representative Of a number Of
prominent mining men and had the fol-
lowing to say in an interview published
in the Reno Journal:
''The possibilities Of that country are
simply wonderful. The new discoveries
have in no way been o~verdrawn. They
are misunderstood in a measure but
have not been overestimated.
1.-THE idea that it is a rich mans u
try exclusively is also erroneous. 1t is
a'poor mans district. lido not mean
the extremely poor, but the man with
limited capital. The opportunities Tor
men with a few hundred dollars down
there are abundant. The gold is at the
grass roots. They are simply sweeping
the surface and finding pay dirt in tie
to- oil. This loose dust yields $500 to
$1,000 to the ton. There is no telling
what will be found when extensive pros
pecting is done. And the claims are
not all taken. 1t is true that a widt
scope Of country is staked off, but it Is
more than probable that the bes! dis
~coveries remain yet to he made.
at is in this that opportunities are
offered to the poor man or the man WITH
small means. If he has enough to g"
Or specting, he is likely to find SOME
thing that will pay and pay well. When
YOU find that the mere ~sweepings of the
surface of the earth pay as they d"
there, you may realize how easy it is t"
treat the ore.
at cannot be said that there are Il
half dozen mines in the district yet.
They are mere prospects, and when 1t Is
considered that they have made such
wonderful yields, then it is easy to con-
clude that the possibilities are unlimited
for the district. The population is rap
idly in ,rcasing and will continue until
it will be one of the biggest mining
camps in the world.
"There are not many sales, compare
lively speaking. The property n
are not inclined to sell iu the first place
and in many instances they could not
sell if they wonld. A large portion Ct
the property is under lease and men do
not like to buy unless they can get I'M
mediate possession. But there is no
wildcat bushes, going on down there.
The sharper who has been i n the habit
at other places of getting options On
mining property on tick and tying 1t up
for long terms fails in the Goldheld
country. When you get to talking
about buying options down there, you
are Immediately asked to put up and
put up quickly. They will not even
wait the delay of the mails. They re-
quire the would-be purchaser to hit the
wires and get the mon,y quick. And
they wont think of less than $1,000 as a
starter. They do not do this becau1e
they are afraid Of their property not
panning out right, but because they
know it is good and they don't have to
take any chances. No, sir, the. man who
expects to speculate on wind, Will be
wonderfully~disappointed.
81 do not think there is anything
overdone there, unless it be in the NUM-
Der of common laborers who have gone
there prematurely. Men should not
take any chances in going there broke.
Later on, when the'general development
stage is reached, it will be alright for
this class, but until then it will be well
for men to go prepared to pay their way.
"There is one thing that is overdone,
however, and that is stock-selling. Ev-
cry kind of stock is on the market and
much of it has no foundation to it. The
brokers besiege one with fowery stories
as they do in all new mining camps, and
of course a great number get caught.
1t may all be good in time, but the time
poor results IN the get-rich-quick the
Dry.
"Many Of Tie leases on property will
not expire for at least a year. The av-
erage lease is made N the royalty plan.
the lessee paying from twenty-five and
one-lalf to twenty-five per cent OF the
gross earnings of the mine. When these
leases expire there will be a greater
number of sales and greater develop
ment will also follow.
81 shall recommend to my people that
the district is all right and we sill prob
ably go to GOldlield within IL week or SO
and we will begin operations at once.
You may say that The possibilities OF
that country are wonderful and by no
means overdrawn."