The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-12-15

Among the out-of-town visitors VINO
have spent the Thanksgiving season III
Chester is de Putron Gliddon Of Cali
fornia, who has been a guest of DR..
Franklin Powell, says the Chester, Pa,
Times.
Mr.. Gliddon is a western mining
man, who has interests in Colorad,,
Arizona, California and Nevada, anil
investments in mining are being
made by quite a number of local peo-
pie, a Times representative asked him
for some information as to mining con
ditions in the west.
81 find that among eastern people,
said Mr.. Gliddon, Ginning is becoming
better understood all the time, and the
more the public learns about it the
less liability there is that the fakir
can put in his deadly work.
"The man who knows nothing, or
very little, about mining seems to have
the notion that it is simply a gamble,
and that all that the mining man does
is to go somewhere out west, dig around
bit, and then, if luck favors him,
stumble on to some place where the
gold $40 pieces are hidden in the rock.
They dom realize that mining is the
business of uncovering a a material,
extracting it, shipping and reducing it,
and then selling it; and that the profits
that come to the mining operator de-
pend upon his ability to discover, un-
cover, extract, reduce and ship with
the largest possible margin between the
cost of doing these things and the
price at which he sells his product.
"There is, of course, one popularity
about gold mining, and that is that
the price of the finished product never
varies, and is the same in all the mar
kets of the world, and it is the same n
good times as well as in hard times.
1t, also, is the only product for which
one never has to seek a market; for
you never see any signs out, Gold for
Sale but you do see signs Gold
Bought
Just because of this fact about
gold mining, it is true that more profit
can be made in hard times than in
boom times, and this is explained BY
the fact that whereas in boom times
the cost of all machinery and mining
supplies is not only at top notch, bat
manufacturers are so busy that they
are slow in filling orders; in dull times
they are willing to cut prices and ship
orders at once, and practically all min
ing supplies are at lower cost than IN
boom years, but as the price of gold
never varies, the operator really makes
profits in slow times than in
good times.
"And, besides this, you have to con-
slider the new methods that have of
years been discovered for reducing
ores. l refer especially to cyaniding
and c~hlorination, the former especially,
as well as the great improvements N
machinery that enable so much of the
in a mine and a mill to be done
automatically; and, also, the introduce
ton of electric power for running
air compressors, HOSTS, mine
fans, etc. All of the inventions, or
improvements, are constantly reducing
the cost of working a mining plant,
making it possible, ON the one hand,
to make more profit from certain
of ore, and to work other ana
lower grades of ore with which pre-
nothing could be done.
"This is true of Cripple Creek; for
first / went there, which was be-
fore anything much had been done, it
was impossible to do anything with
ore running less than $50 or so to the
ton. Then it got down to $40, and
now, by cyaniding and c~hlorination