The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-12-08

Investors and Money Pouring Into the
Bonanza Fields

ously by the development of the mines,
and also thousands who are just being
educated to the possibilities in mining
shares, are forwarding their money
through every channel. From small
investors the money is coming direct;
from big ones it is coming through
cities. The interest seems general
throughout the country, and even
British Columbia, Cuba and Hawau,
are supplying capital for the mining
companies to operate here.
Old-time observers on the grounl,
who nave beer through the Leadville,
Cripple Creek, Black Hills and Klon-
dixie excitements, ascribe the situati IN
to two facts. They point out that the
public, through the Lawson revelation
and the life-insurance exposures, has
lost confidence in industrial invest
ments and has turned to investments
in gold mines. Goldfeld, Bullfrog and
Tonopah, declare that for once the
public is getting a run for its money.
1t is pointed put that things were
different at Cripple Creek. When gold
vas first discovered there, the extent
of the mineral zone was so uncertain
and the formation so new to mining
men that the district proved a most
profitable field for "wildcatters.'
Hundreds of thousands were made by
those who secured outside properti IS
with absolutely no value and promoted
companies for the sole purpose of
swindling the public. AS a result, the
great gold camp of the Centennial
state suffered intellectually, and bona
ide operaors found difficulty in dis
posing of their treasury stock with
which to realize sufficient money 70
carry on legitimate mining develop
ment. 1t took Cripple Creek fully
three years to recover from the black
eye the district thus received.
Shares of stock representing holdings
in various mining companies here, in
T%onopah, and Bullfrog, are accepted
as collateral for loans by the banks of
these camps, as well as by the San
Francisco banks. Some remarkable
fortunes nave beer made by judicious
investments, and the early treasury
offerings of many companies now repre-
sent holdings in big paying mines.
Hundreds are now receiving their
profits daily.
When Charles M. Schwab bought the
Tonopah Extension, the stock was be-
ing sold in open market at 8 and 10
cents per share. Men and women #
small means throughout the country
bought the security c. this figure, just
as they would a lottery ticket. After
the steel magnate secured control AMI
commenced active development of the
property, the stock advanced in price
with strides and is now sold at Sc per
share. Any bank in Goldfeld, Tonopah
or Bullfrog will lend $4 a share on it.
The same is true of many other secur-
tiles of Tonopah. These were put out
at from 10 to 35 cents a share and are
now selling at anywhere from 80 cents
to $3.50 per share.
Only one of the Tonopah mines is )
years old and most of the others have
been under development only 2h years.
Stock in the Combination, of the par
value of 81 per share, with a capital
~ization of 10000 shares, was originally
had for liz cents per share. 1t can
not be purchased at SO per share to-
day. The mine is paying dividends If
120 per cent per annum. One-half IF
field Mining company was given away
for 5000 worth of assessment work. The
original investment of 5000 has at
tanned a value within Is months of
100000. The Florence mine of Gold
field passed into the hands of the pres
ent owners of the controlling interest
for $1,000. The property is now valued
at $4,000, 900.
Bullfrog is repeating the experience
of Tonopah and Goldfeld. There are
a dozen properties in Bullfrog that
have experienced rapid advances and
thousands of investors throughout the
country, who have taken what they
probably considered a "Long Island
chance in investing in the mining
stocks of these fields, have proftea
enormously.
The correspondence of some OF the
brokers here is tremendous. Only re-
Gently the United States postoffce ie-
partment, in one of its bulletins, called
attention to the remarkable fact that
the Goldfeld postoffce had jumped
from a fourth-class office to a second.