The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-01-05

Bullfrog out of the reckoning. / have
seen many camps, have located, opened,
developed. operated and handled manv
fine mines, and mining propositions,
and have been at it for 81 years, aud
j never saw such promise as is right
here, nor such speedy fulfllment is
right here, and / have owned properties
at Leadville, Aspen, Cripple Creek n
in Arizona that would have made me
a hundred times a millionaire If /
could have held them and could now
own the many shafts that still produce
enormously after many years.
There is no other camp where n
can hope to cross-cut into ore from
shafts but so feet deep, and that IS
the rule here.
There is no camp / know whose
formations permit such an amount of
work with so little tlmbering, and are
seemingly so Indifferent TO heat, cold,
weathering and moisture.
There is no other camp which affords
warrant for digging in so many places,
and none where so little work has dis
closed and proved such values.
With a record year Ior all mining,
and everywhere throughout the United
States there is apparently less public
interest than usual. No such volume IF
business was ever done. There is no
poor section of the United States.
The south shares this prosperity and
much investment money has gone there
and has found good profit in coal, iron,
cotton and diversified agriculture.
One hundred and fifty million dollars
in dividends for Wall street January
/, 1906, is record, and yet is but part
of the dividend harvest for the last
quarter of 1905.
So many sections are inviting, it has
been difficult to choose a field, and
spots right near to money centers have
drawn funds of careful men because
they could more closely watch them.
There has been so much money as 10
scare the hydrocarbons, and Lawson
has put thousands upon the qui vlve
for the disaster he has prophesied If his
business turned out i'll. With call
money at 125 and stocks soaring N
spite of that tremendous interest rate,
Lawson croak seems i1-timed.
Then the insurance investigation has
held many with mouths agape but with
hands IN pockets.
Further it has taxed credulity to be-
lieve the plain facts about the west
and the possibilities of Nevada, whose
right to statehood they impugn, whose
representatives they u.scredit, anu
whose potentialities they refuse 70
comprehend.
There are a lot of fellows still asking
"Let me know, sir, why if Alaska Is
so valuable did the great Russian ma
ton sell it for 81, 500, 900, tell me that,
sir?o
They are the same men who wonder
why if Nevada is so rich did not Flood,
Fair, Mackey and O'Brien take the
rest of it to California;
They used to ask in New York
"Why, if your mine is worth so much,
does not D. H. Moffat buy its' if you
tried to place a Colorado property.
Arizona after being a year under
water comes smilingiy to surface and
has the call for heavy investment. 1t
takes years to open a big mine IN
Arizona and right now a number III
them that have survived calumny, de-
traction, the fickleness of investors, are
pouring out gold and copper. That
means a share to New Mexico, too, and
that splendid country is liable to do
astonishing things if more can be ear
ried on without the perpetual and up
setting breaks that nave continually
ruined it's enterprises. When all other
means of smashing things fail, down
there they move the railway lines. IN
the very heart of this thriving west,
Nevada cannot for long be held down.
Fellows who do not own gold mining
stock that pays 10 per cent per month
find it hard to believe there are such
stocks, but they will come to it. Things
90 by fashion sometimes and gold min
ing looks to be coming in for spring
style. 1t is hard to hammer the fact
into many that with al annual product
of billions in copper, gold, silver, lead
and other metals, mining is after all a
business.
They have. yet to learn that almost
every very rich man in the United
States has derived his fortune largely,
often wholly, from mining.
This wonderful metal, whose virtues
are negative rather than positive, will
be sought and employed forever, and
just now Nevada promises to furnish
more than Africa, Australia, AMI
Alaska combined.
H hOhSy w HF-t
faster can we dig out, but we must be
patient and go safely. The means will
come.
One day our time will come; it may
not be until thorough irrigation by
means of its employed rivers the Sage
brush state shall be letter able to care
for expanded population, but one day
without warning they will begin to
come and will be eager to help unearsh
this s%tupendous wealth and for the
digging own of it a part.
/ have been investigating this coun-
try for a year now and / know ! am
right about it.
If you would see Cripple Creek as it
is today, and as l predicted almost II
years ago, get my article from Boston
Transcript in 1895, when that camp
was just getting to its legs. The prop
critics / lost there because only partly
paid for at the time pneumonia and the
ills in its train forced me to sea-level
g.. 49, xranr pfffInn Ql1f orc