The San Francisco call., 1906-06-04
STATE Mining INDUSTRY
DOES NOT SUFFER BY FIRE
Interesting Reports Showing Its Status at
This Time Received From Many Sources.
Manhattan Grows From Small Camp to
Town of Several Thousand Inhabitants.

By the Goldheld News. which publishes
the following:
|, Nevada bankers and brokers have
passed through the most irving expe-
rlence that has ever been chroniclsd in
the financial history of Nevada mining
camps. Current finance was deeply lf-
fected by the San Francisco calamity
ing Of the San Francisco banks with
out warning, tied up hundreds of thou
SANDS Of dollars belonging TO Nevada
vestors and speculattrs. In addition to
this the San Fracisco stock and Ex-
change Board. which has been the main
market for. Nevada securities. was de-
stroyed and business was suspended.
Nevada banks and bankers found il
necessary TO curtail their loans on all
stocks. TO a point that made practi-
cally impossible for anybody to bor-
row money on their securities. How
ever, the loss of facilities In San. Fran
cisco to buy and sell stocks was, in a
measure, made up by the Eastern ex-
changes aeting in harmony with the
Soldfeld exchange. and everything
fusal of local banks TO make loans was
not severely felt.
A large number of buyer S0,''
began to fall due, and about this time
the safes of the bankers and brokers
of San Fraeisco. who were carrying
these marginal accounts. had sufficient
ly cooled to be opened up. and d food
of mining stocks began TO be shipped
into Goidfeld. Tonopahi Bullfreg, Man
general decline in stocks began the day
after the San Francisco fire.
The Manhattan News of May 20 gives
a description of Manhattan. which is
reproduced in part as follows:
Manhattan is certainly one of the
wonders of the State of Nevada, when
It's most rapid growth is considered.
When one remembers that on January
l, 1905, there were barely 100 persons
mere, and that the business houses es-
-rocery stores. six saloons, three
boarding houses and one lumber yard,
one simply maryels lat this thriving
community of several thousand souls,
engaged in the various business activi-
ties that are found in .ne Older COM
munities, sprung from so insignificant
a beginning within the space of a few
short months. But when one considers
the reason for the remarkable growth
OF this young giant one can readily
understand why it has grown up. as
one might say. in the course OF a
night. The remarkable discoveries of
gold in the hills around this city have
caused it ALL and when we state that
these discoveries excel anything of the
sort hitherto brought to light we sim
ply state fact that is acknowledged
by the mining experts who have Wis
tied this section. as well as by every
one else who has taken the trouble TO
make Investigations.
Rien AT the grass roots, the gold ore
found here increases in value as the
developments progress. and that is why
Manhattan has grown from its insig-
nificant beginning, in 1905, as described,
to the proportions of a splendid mining
town. supporting an Intelligent and
progressive citizenship and a line of
business houses that is prepared to
cater 10 the wants of all, as will be
seen by the following. list, which speaks
for itself:
Two hospitals, hve laundries twenty
one schoolhouse, one postoffice, four
contractors and builders Offices, four
livery stables, one candy store. eight
doctors Offices, nine assay Offices one
recorders office, eight hotels. twenty
I three saloons seventeen brokers of
hces, three banks, four shoe shops, ten
restaurants, fourteen stores, seven law
/ barber shops. two bath houses, one
public stenographer one wholesale
liquor store, one photograph gallery.
two stationery stores. five bakeries, one
cigar store, one dentists Office one
prospeotors' headquarters, three tailor
shops. TWO. tin shops, two newspapers
and job offices, four paint shops, two
jewelers.. one express office, two mar
kets, two millinery stores, three lum-
ond hand stores, two blacksmith shops
There are scores of comfortable cot
tages occupied by families, while tents
which are all occupied, are numbered
by the hundreds.
Two auto lines and two stage lines
furnish transportation for passengers
and fast freight between Manh-lan
line that is operated from this city to
Austin. 4