Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-10-01
PROSPEROUS IS
SEARCRL|CHT
A Correspondent Tells About the
interest Being Taken in That
Growing Town.
GOOD CLASS OF MINERS THERE
Men Who Own Their Own Homes
Business Men Have Confidence
In tie Future
Special Correspondence.

Special Correspondence.
Searchlight. New. Sept. 29.--The
famous sentence that some Of the
greatest fortunes ever made haze re-
suited from apt persons taking up a
proposition where the other fellow left
of, particularly applies to the immense
profits that have been made during the
past three years out OF townsites In
Nevada mining camps. Millions have
been realized by those who were for
tunate enough To secure the townsites
OF Goldfield, Tonopah and Manhattan,
and at the present time n similar re-
suit is predicted for investors In the
real estate OF Searchlight. New.
The entire Searchlight townsite could
have been bought for a song three
years ago, and even one year ago the
principal business lots went begging at
500 each, while residence lots at $40
were considered high. That is retro
spective view of the opportunity that
was presented 10 anyone with the fore
sight to predict that town OF great
size was TO grow on the present site or
the Camp without failure" And IL
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
IL rich from the rise In real estate
values.
The foregoing conclusion Is particu-
larly true when It Is taken into con-
sideration that 80 out of every 100 men
who enter a gold camp, have but one
all absorbing idea, to find gold nine.
Such economic questions as the pro-
spectiye value OF the real estate OF a
future town play no part in the call
culations OF the average argonaut ana
remained for the eastern tenderfoot TO
discover the intrinsic worth OF the
uownsi1e proposition as against the
search for gold mines.
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 20
the benefit OF the owner OF the real es-
tate, and likewise every pick that is
drIvn into the ground TO md mineral
is struck In behalf of the interests OF
the smelter trust II 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 value
becomes the city property.
In Searchlgbt the above conditions
are strkingly true, for as 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
50 homes for miners have been butt
during the past six months ami
through a beneficent system anyone
owning lot can arrange with the To-
cal lumber companies to have house
built on the installment plan. so much
down and the balance on easy pay
ments.
The fact that houses can be built on
the installment plan In Searchlight is
10 the distinterested observer OF the
business situation existing there an
Indication of the fact that the large
merchants and business men have faith
in the future Of Searchlight. or other
wise thoy would not accept the equity
In residence lot as collateral security
for the payment of a building loan.