The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-06-16
SOWING DOLLARS
TN NEVADA

In Nevada, along the INES OF tne min
ing industry, by men who have but
little to invest and who are possessed
If but little capital outside of a g dolly
reserve of push. energy n good tudg-
ment, the fact still remains that the
greatest measure of success Is being
melted out to those who are making
heavy investments in mining in this
state. and who are putting in many
thousands with the expectation of
eventually taking out IN equal number
of millions. In reality, 1t is the men
who are Sowing dollars" who Will soon
take rank as mining kings in the BAT
tie Born" state.
There are those who are amazed at
the seemingly reckless name with
which big men" and noted financiers
are spending money in the acquisition.
development and equipment of Nevada
mining properties, but this seeming
lavish expenditure Is backed by good
Judgment, a knowledge OF actual condi-
lions and an almost certainty of results.
Therefore, when leading capitalists and
noted mining men of means begin SOW
ing dollars in Nevada or any other of
the numerous mining camps Of the
West, people who are wise will get In
and follow their lead.
There is hardly a mining man in
Utah and Nevada who would not will
ingly follow the lead of Samuel New.
house when he begins to SOW his dol
lars, and his advent into the camps Of
Bullfrog and Ely, New, means that his
staff of experts and engineers. after a
careful and exhaustive examination of
these camps, ave recommended them to
their principal as sure fields for safe
and profitable investment, and this is
why Mr.. Newhouse has acquired valu-
able and promising property in the
Montgomery mountain, at Bullfrog, and
the Highland group at Ely.
Charles Schwab, another magnate
who is Sowing dollars" in Nevada, took
no chances when he purchased the
NEUTRALITY-SUSPICIOUS.. at Bullfrog, for
SIS, 900, 900, and the dollars he has been
sowing in this camp he reckons as just
so much seed sown in fertile ground,
and he expects a harvest that will be
at least tenfold. No one considers that
he is throwing his dollars away, and yet
his millions are making things lively in
southwestern Nevada.
Gates, the steel and iron magnate,
who is now sowing his dollars in the
camp of Good Springs, in Lincoln coun-
ty, New, expects that in the reaping
when the harvest time arrives. every
dollar will come back to him accompan-
led by a dozen others, and that his
mining Investments and enterprises will
double his millions, which, If confined
in strong boxes and in iron safes, would
bring him no increase.
1t is the same way with Daniel Gug-
genheim, who is now so heavily inter
ested in the Nevada Consolidated, al
Ely, whose stock is so steadily In
creasing in value; whose shares a few
weeks ago were quoted at $11, and
which are now near the SIS mark, while
1t is believed that in the near future
they will be in ready demand at from
$40 to s45.
What has been lone once in Nevada
can be dom again, and records can be
duplicated. The new bonanza camps OF
Nevada are top-notchers, but it must be
remembered that the Sage Brush
State" has had it's Comstock, its Eureka
and other wonder camps whose records
1t will be hard to eclipse; and yet, be-
fore the great mines of these camps
were made so wonderfully productive
Mackay, Flood, O'Brien, De Lamar and
other mine owners were content to SOW
their dollars before they could expect
any returns in the way of profits and
dividends.
The Philadelphia people who bought
the Tonopah mine in the early history
Of Jim Buffers camp, were sowing dol
lars" Those who v made fortunes
in Goldheld put in their money before
they took any out. A fortune was ex-
pended in Searchlight before the camp
settled down to a dividend-paying basis;
and this history is being repeated in
every new and old lamp in the state,
and all who are engaged in mining real
ize the fact that before the harvest
there must be a seed time; that If one
hopes to harvest thousands he must
SOW dollars"