The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-06-09
RELIEF FROM STRENUoSITY.
Goldfeld Welcomes Comparative Qui.
etness After Recent Rush.
Denver Daily Mining Record.)

uous, and it is well to rest a bit and
review the situation. The rest is
likely to be a short one and the re-
viewing vii have to be done at once,
because remarkable as it may seem,
no one in camp thinks the excitement
is over or that all the discoveries have
been made even in the ground that
Ihas had the most attention. The luli
in Goldfield, if this can be called a lull,
is occasioned of course by the excite
ment at Bullfrog and the newer
camps. Hundreds of men pulled out
of Goldfield and Tonopah for Bullfrog
and the new arrivals even have seem
ed possessed of a great desire to go
on to the ground where the very lat.
est discoveries have been made. But
after all, there are something over
10000 people at Goldfeld and Tono-
pah who viii not stir from these
camps. and who are, apparently. very
happy and contented with their lot
and their future prospects.
Something else has helped bring on
a ~quietness. 1t is, this matter of
"wildcatting.' Some of the brokers
got to fighting among themselves and
an agitation against ''wildcatting"
was the result, and the final result,
uuIOI tuHtttiS was tudl uu,IuSl SuS-
picion was directed against some of
the most meritorious propositions in
the district. 1t may be said right
here that while there may he purely
wildcat propositions in the district.
it is not always possible for the
brightest mining men on the ground
to call them. Values have been I'M
covered in the most unsupported
places. and many are the stories re-
cited in substantiation of the state
ment. Investors, however, have no
excuse for p%atronizing promotions
regarding which advertisements are
circulated and claims made which, on
their face, are rank exaggerations,
n definite promises where nothing
definite can be known. The wise man
is learning to discriminate.
But agitation regarding validating
has received somewhat of ii quietus
recently, and business is being re-
sumed at the old stand. Too many
so-called "wildcats' are showing up
with ore. The true story is told of a
certain manufacturer of pure foods in
the east who visited the district a few
months ago. The brokers who were
not doing the large business then that
they are now, handed the gentleman
a bunch of these so-called wildcat
stocks. He put up some 800 for
stocks running from l cent to 10
cents a share and, after the sale, it is
related, the brokers retired behind
their screens for a quiet laugh and
they "cracked a bottle or so,' in eel
ebration of their good fortune. The
pure foods man made a fortune
mounting up into the hundreds of
thousands of dollars out of these same
wildcat stocks. So it pays to look in
to very poor showings sometimes and
we dare spite no mans story.
The Record expects its correspond.
s }nts to be conservative in their state
ments. This is seen at once to be a
bad rule to follow in this region, be-
cause Nevada has now gone beyond
all preceients.. All the old rules which
obtained in the famous camps of the
w%orld-in Colorado. California, Idaho,
Utah. Alaska, Black Hills, Africa and
evervwhere-fail here. The forma-
tions are new and diversified, the
lodges 90 straight down, straight up
and out, and they even circle about
like fish hooks. and the rock is of all
xmas and ever of unheard-Of kinds.
Some OF the richest ore found has
been discovered at the grass roots, and
some of it is now being taken ont as
low down as 1000 feet. 1t would GER
tainly take columns of space to re-
port the low-grade finds Ore run
ming from 500 to 800 per ton has
been encountered in numberless plac-
es, but it attracts no attention what
ever. Ore running owe $500 to the
ton is the only kind that causes a fut-
ter of comment. How can one be con-
servative in the light of these facts?
Shrewu and conservative mining men
who have made honorable regulations
in other camps admit utter astonish-
ment at the developments in South
ern Nevada.
What will he the outcome-what
will be the result to the mining world
in the next few years? While in Den
yer recently the Record correspondent
frequently heard the question asked,
"Is there anything in the depths at
Goldfeld Tonopah : Bullfrog9" and
another question was, care these to
be permanent camps?' and another,
"How many of these companies we
hear so much about are doing actual
enthusiastically investing money!
Those who ask these questions here
on the ground receive in reply only
DlGSluS lOOhS. AuIhS W" HhooPS>c
owners and brokers alike show peck
cts full of money-and money talks.
The best showing that can be made
in a few words is this: An even doz-
en- mines in Tonopah are continually
shipping ore; a like number are doing
the same thing at Goldneld; while at
Bullfrog about half a dozen mines
have become producers. One of the
Tonopah mines is reported to be dow
900 feet and has rich values ut that
depth. The Florence mine, at Gold
field, is taking; out rich ore at a depth
of 800 feet. Very few mines indeed
nave been opened up at any consid.
able depth; most Of the owners of
those that can be called. thus far,
.'mines,' are too busy taking values
off of the surface to bother about
linking, but no one at all familiar
. with the conditions appears to doubt