The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-11-03
HIS VISIT is EXPLAINED
Schwab to Purchase Mine and Smelter In
terests Valued at SlO,OOO,OOO and
Erect Sampler at Tonopah

Erect Sampler at Tonopah
the of of Charles NJ.
field mining points Southern believed
that impulse potent than inspection of his
prompted trip During
of interview with representative for The Godfed
News in the paos of the Monezuma club Mr. schwab refused
either affirm deny further this section
were follow stating that must leave that for the future
to determine"
he fu backe up by of synd
did determine it, which but be of
Unreasonable benefit Gdfed Tonpah the other mining
centers of
Mr. build sampling works at Tonopah
has been organized for that purpose with capital
zaton 100000 of $4,000 a once
the money utilized the plant
the intention Tonopah
in the and of the prominent Godfeld
has aeady approached subject through
medium of his Pacific Mr. Schwab has sub
ed for half stock being eagerly
purchased par per containing
the welcome intelligence received city days ago
imprint sincerity every
been mining inception
and interested of largest producers
grade values the Goldfed district The
addressed prominently identified
mining interests here and there question either
authenticity worth the gentle
referred
That Mr. schwab is to be important mining
and smeter business of Pacific Nevada
points evidenced by other portions of
that his entrance into the smelling the
ment of the mining interests of Southern Nevada equally
He and his associates negotiating purchase
the mines and smee properties of the United Mining
company which largest mines
largest copper copper
and smelter Shasta county California price being
They have also taken option the Pacific Copper smelter
at Martinez San Francisco bay acquire holdings
and build the plant Tonopah outlay will be
ooooo with the possibility Of further large Investments once
Schwab settles down business His the steel industry
has proved his aggessiveness probable will
rest content until he has reached of the
smelling trade than he did when capaned
amation of iron and steel interests the
There believe Mr. Schwab ambitious
in
business of the speeches give
they supported by import
from correct.
''The great past
turing, but believe great
made in mining This statement was made by Mr. sehwab
the time of his visit repeated
Der of say
his thoughts and probably suggestive of the height
aspirations 1t much this emanating
prominent in business affairs of may
presage the blasting of the smelter trust.
If the Schwab syndicate with upon
capital decide to embark mining SCALE they will
doubtless invest largely Godfeld Tonopah Bufrog
Nevada This necessity purchasing
large mineral bearing here their acquisition
the prominent producers sinking deep
shafts the employment vastly
Their discovery
would be conducive activity Of
operators would tend extend the belt far beyond its
confines Of
of business and the financial prosperity of the
This view of the subject but there
posing securing
here mining country
their interest the of the exobtant
smete charges furtherance plan
acquire further smelling plants
ing trust would either have the
Schwab the dsband If the prevail
petition would further
handling would follow If adopted
proceeding attempt the shwab people would
probably broke the result
competition
would yet be great
side the and that is what
would follow combine WE'LL
event possibly above
high to believe that
into competition with the trust and
that this is to be the has already been impaired
Only few days telegram
received prominent mine manager here from gentleman
deal now pending advising the holding
of negotiations purchase
smelters concluded This advice
nothing than lower smelling
reduction field of Mr. Schwab and his
associates.
As whole the subject is which viewed with
optimism that the smelter trust has
about played out its string.
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