Los Angeles herald., 1906-09-23
HOMES BLOSSOM
At SEARCHL|GHT
MINING TOWNSHIP is A MONEY
MAKER
Conditions at the "camp Without a
Failure" offer EXCEPTIONAL op-
portunItles for Investment
New Homes Built

The famous sentence that "Some of
the greatest fortunes ever made have
resulted from apt prsons taking up a
proposition where the other fellow left
off" particularly applies to the i'm
mense profits that have been made dur
ing the past three years out Of town.
sites i'm Nevada mining camps. Millions
have been realized by those who were
fortunate enough to secure the town
sites of Godfeld, Tonopah and Man
haitian, and at the present time a sim
liar result is predicted for investors in
the real estate of Searchlight, New.
The entire Searchlight townsite could
have been bought for song three
years ago and even one year ago the
principal business lots went begging at
800 each. while residence lots at $40
were considered high. That is retro
spective view of the opportunity that
was presented to any one with the fore
sight to predict that a town of great
size was to grow on the present site of
"the camp without a failure" And it
cannot be stated in behalf of those who
have made large sums of money from
their Searchlight real estate that there
is any particular credit due them from
the standpoint of prophecy and judg-
ment. In fact, the element of luck
played its part in making most of the
landholders of Searchlight independent
ly rich from the rise in real estate
values.
The above conclusion is particularly
true when it is taken into consideration
that 90 out of every 100 men who enter
a gold camp have but one all-absorbing
idea, to find gold mine. Such economic
questions as the prospective value of
the real estate of future town play no
part in the calculations of the average
argonaut and remained for the eastern
tenderfoot to discover the Intrinsic
worth of the townsite proposition as
against the search for gold mines.
New Searchlight Homes
Close observers say that mining camp
real estate is to mining as mining is to
smelling, for no matter how many
mines are operated they all accrue to
the benefit of the owner of the real es-
tate and likewise every pick that is
driven into the ground to find mineral
is struck in the behalf of the interests
of the smelter trust. If the number of
miners and the number of working
mines is increased in camp there is
increased in the same proportion the
number of persons who require place
of abode and therefore the more houses
that are built the more valuable be-
comes the city property.
In Searchlight the above conditions
are strikingly true, for as a result of
the peaceable labor conditions existing
there most of the miners have become
permanent citizens and are married
men who own their own homes. Fully
fifty homes for miners have been built
during the past six months and through
a benefcent system anyone owning
lot can arrange with the local lumber
companies to have house built on the
installment plan, so much down ana the
balance on easy payments.
The fact that houses can be built or
the installment plan in Searchlight is
to the disinterested observer of the
business situation existing there an in
dication of the fact that the large
merchants and business men have faith
in the future of Searchlight, or other
wise they would not accept the equity
in a residence lot as collateral secur-
ity for the payment of a building loan