The daily silver state. [volume] (Winnemucca, Nev.) 1903-1907, 1906-11-26
2O,OOO,OOO NOT
ENOUGH
THERE IS LOT ENOUGH MONEY
TO BUY US OUT
Says Senator Nixon in an Interview
Regarding the Merger Of
Goldfeld Mines

SAN FRANCISCO, Nov. 19.-Sen-
ator George s. Nixon came here tonight
from Goldield on his way to the coast.
from where he is shortly going east.
Asked as to what effect he thought
the merger of the four big Goldfeld
mines would have on the camp, be
said that it would be more beneficial
than otherwise.
Il know what you mean said he,
"and / am not in favor of a one-mine
camp any more than any one else.
But hits is a different proposition
This is purely local merger, and af-
ter the leases on the Mohawk have ex-
pired, well say sixty days later, there
will be more men at work there than
are now on II the leases put to-
gether. If the proceeds of these
mines were going east or any other
place out of the country, it would
indeed be a deplorable matter, but
the money is going to be spent in
the building up of the cities of this
state rather than those of the east.
"There isn't money enough to buy
usout,o replied the senator warmly.
There is such thing as local pride.
you know. If we were offered $50,
100000 tonight it would not tempt
us to part with the property. When
a man has enough in this world,
what more can he ask for9
"After a man gets million all that
L..
The merger is going to help the
camps in another way. When man
has something to good to submit he
knows that he does not have to go
outside the state to get the capital.
The John s. Cook Bank and the To-
handle any proposition that may
come up.
81 do not htink that anything could
be more fair than the conditions of
the merger, and if there is anything
that could be offered in the way of
criticism 4 am open to it. 1t is just
as fair to the holders of Laguna as
to the stockholders of Mohawk. We
took the stocks at the prevailing
prices and made their per value the
same as their selling value of that
date.
be offered as far as I can see is with
regard to the expense of underwrit
ing. We charged for our commission
five per cent, taking it in stock
amounting to 250,000 shares. I don t
think that any fair minded man
IL. - kok o& e
sion. The Goldfeld Consolidated
Mines company will be listed in 80
days. The reason of this is that we
want to give all the stockholders a
chance to get in and exshange their
shares for shares in the consolida-
tion. We are not attempting to force
any one: it 10 entirelyis at hte opti
of the present holders. If they re-
tain their present stock they cannot
participate in the profits of any of the
other three mines. Thus, if a man
has Laguna and he holds on to it,
should there be strike in Jumbo or
Red Top there would be notring in
it for him. Should man hold on to
his Jumbo and there were strike
good. But if everybody comes in,
in Laguna that would do him no
then all share proportionately in the
profits of all the mines.
"Although the pjar value of the
consolidated is $40, 1 look for it to
go on the board at a premium. Red
Top is only 170 feet deep and has
million and half blocked out. She
has not yet struck the Mohawk ledge
Jumbo will catch the ledge at about
the 600-foot level. The result of the
merger viii be to bring more atten-
tion to Goldfield, if possible, and yet
cheaper stocks. If the weaker COM
panies sell their treasury stock and
hold on to their individual stock and
devote their treasury to the devel-
opment of their property they will
keep the confidence of the public and
make Of Goldield still greater
camp