The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1904-04-29
c. M. SCHWAB VISITS TONOPAH
Multi=MilliOnaire WAKES Enthusiastic Over
Nevada'S Mineral Wealth.

49, 1880 Nv ~ w. 'h'c ~ ~ Nt't'AhC
the last few days without being enthusi
'astic over its possibilities. | never
Dire med that such wealth lay hidden in
these desert hills and claims. | had be-
iieved that the stories we heard of roao
pah's wealth were gross exaggerations,
put forth for the sole purpose of attract
ing capital to the camp. | have seen
your mines these past few days under the
guidance of your leading people and |
must say that one word only expresses
what we have to say, and that is, We are
astonished We are astonlshed at the
wealth OF your mines, the enterprise and
character of your people. Tonopah is
far beyond anything l dreamed of, and
as | stated to Mr.. McKane today, if we
are fortunate in our investments here,
we will not take our money away. but
will double it up and go at it right.
tApplause.l
81 wish to say one other word. I do
not think we Eastern people deserve any
credit for investing our capital in Tono-
pah. | want the credit to go where it
belongs. When Mr.. McKane came to
New York and submitted his propositions
to me l was very much impressed with
what he said-nobody can hear Mr.. Nc
Kane talk without being impress sed-and
asked him how much money he would
IHn tn houn Hn ifr,pnl ma n, +
told him to pass it around among my
friends, and after they were satisfied l
would take the rest. [ am now very
sorry that the rest was 50 small. Nc
Kane deserves the credit for whatever we
have done-to him belong, the credit.
And l have no hesitation in saying that
McKane can get a great deal more East
ern capital if he wants it.
There is another thing about McKane
that 1 like. He is not only a practical
business man. but he is the right kind of
man to travel with when you want to
win at poker. (Laughter.I
1--WE are going away from Tonopah to-
morrow morning, delighted with our
visit here delighted with our pleasant
experiences, delighted with our reception
tonight. Even the snowstorm in the
desert had it's pleasant features, notwith-
standing the discomfort. And when Nc
Kane strikes his next ledge we trust you
will receive us as cordially as you have
on this O~ccasiOn-for we are coming
back !! We feel an interest in this camp
and in its people, and if the little money
we can contribute will boom Tonopah
we are going to put it in. (Applause.)
1--WE people down East have made
money in manufacture. L want to take
this occasion to say that while the larg
est fortunes of the past twenty years have
been made in inufacture, | have per-
sonally expressed my belief that the great
fortunes of the future are to be made
out of the earth. The great fortunes of
the past were made because the people
engaged in manufacture were able to
eclipse their competitors. Those great
opportunities have passed away. All
manufacture is on a we'll established
basis, and the limit has been reached SO
far as profits are concerned. But in
mining a great, new field seems to be
opening up in which the wealth of
Mother Earth is going to be drawn upon
by people who are willing to risk their
capital in extracting it. That is my be
lief, and I predict that the great for
tunes of the next twenty years will come
from the mines of the West-and we
hope to get our share, and we also hope
that the people who help Is to ''get
there" to use a vulgar expression, may
get their share.
Il had not expected to say anything
this evening, but 1 hope what l have
said may be of some interest. | have
done the best l could. and | hope that
you will believe in my sincerity. [ trust
that Tonopah will go as far beyond your
most sanguine hopes for it's future as il
has gone beyond my expectations. ZAP
plause.)"
DR.. NJ. r. Ward, when called upon
spoke as follows:
'GENTLEMEN: l cannot tell you how
pleased 1 am to be with you tonight. !
lave many pleasant recollections of my
visit to Tonopah a little less than a yeal