Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1904-07-02
TONOPAH
INVESTMENT
Outsiders Too Slow to Grasp
the Situation.
Probable That In Less Than Ten
Years PrOdncti0a will Greatly
Exceed Cripple Greek.

Tue dll Odu lubO lOlopdus IuC uOid
ers of stocks in companies operating
in that region are assuming the at
titude OF bulls, to use the language Of
the exchange, says the Denver Daily
Mining Record. The effect Of the
opening up Of the great new camp by
means of steam transportation facil-
tiles win be to largely increase the
production figures for the mines
there, the reason being that many
properties have big reserves blocked
out for mining and quantities Of lesser
grades on their dumps, all Of which
will begin to 60 out as o o as the
railway traffic starts. The Tonopah
Mining company, for example, has
admittedly been restricting its pro-
duction pending the marketing of
IONS of ore upon which it has thus far
been unable to realize. A mining
man, who has valuable interests at
Tonopah, recently remarked that
outsiders have been too slow in APP
preciatng the true greatness Of the
camp, owing to their habit of gaug-
ing the mines by their production
statistics. They will be surprised,
he said, when in a few months the
actual richness of the properties
which are now on a producing basis
begins to express itself in the ship
ment returns.
1t is reasonable to suppose that
the interest Of investors will be more
largely attracted to Tonopah propo-
sitions after the completion OF the
new railroad than it has hitherto.
1t is not always easy for an eastern
stock buyer to understand the delays
incident to the work of making a
producing mine, aud the same re-
mark applies to the making of a
camp. Cripple Greek, for example,
was three or four years old before
its splendid opportunities impressed
themselves on the outside mind, ard
this was after the camp had already
secured the benefit OF two railroads,
There can be no doubt that Tonopat
is earning for itself in the mining
world a place quite as promising as
that which Colorado's great golc
camp occupied at the same age. A
record Of production OF $3.50, 000, 00(
within little more than a decade i!
one that is rarely equalled, but ther,
are many sanguine prophets in tn,
young Nevada district who are read,
to stake their boards upon such
result for Tonopah. Moreover, i
will be difficult to find a mining maj
anywhere who will be willing to dis
pute the point with these prophets
The BONANZA has the creates
pleasure in endorsing the sentiment
OF its contemporary, and ventures t
emphasize these by stating that out
side of q limited few who have give
care to the comprehensive study O
this camp no proper conception @
its capabilities has yet been formed
The constructors of the Tonopa'
railroad have equipped it as thong
it would only have to carry the ore
from one mine and a few odd ton
from outside prospects. As a mat
ter of fact it cannot begin, with it
present equipment, to cope with one
fourth of the ore that will be deliv
cred to it at Tonopah from the mine
in that camp, Gold Mountain, Ray
and Reveille, while Goldfeld Junctio
will be choked with ore from Gold6al
and Lone Mountain. What the stu
alton will be at Mound House wher
the transfer is made to the standar,
gauge we hesitate to consider. OF
verify. outsiders have been too sloS
to consider the greatness of th
camp" and insiders too. To-da.
there ought to be huge samplini
works at Mound House where the or
could be sampled as transferred t
other cars, and that this is not so i
due either to the indifference of thos
in the business or their incapacity t
estimate the immense future of thi
great district.
Get a camera at the Union dru!