Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1907-10-22
STEEL MAGNATE
MAKES GETAWAY


began going down. aud r. nearer 20
the par price Of S. than to the orig
inal price OF $40 a share. No won
der Mr.. Schwab talked big" on his
trlumphal tour homeward. He was
doing the unloading then. The
Montgomery-S was the most
wonderful thing ever heard of in
those days, and the Tonopah Extern
sion had 1t beaten. according TO Mr..
Schwab.
The Tonopah Extension, said he,
Il consider the best property ! have
in Nevada. would not take for Il
today in cash, $4,000, 900"
And that kind of talk coming from
man like Schwab was not without
| its effect upon his friends and the
rest of the public Mr.. Schwab was
evidently doing some promoting on
his own account, for the stock went
up, and its rise was never checked
until it was being licked off at SIS
share. From Is cents to SIS is
going some, but there was nobody
had any doubt that the mine was not
worth it, And there is nobody to-
day who has been in the mine re-
Gently, but what thinks that it is one
of the best properties in this camp.
At any rate on the market show
ing, it is worth more than million
dollars above what Mr.. Schwab paid
for it. But the smiling shipbuilder
and steel king does not particularize.
He does not say whether he lost all
this money that he didn't lose, in
Tonopah, in Bullfrog, in Greenwater,
which isn't in Nevada, or at roulette
Maybe he counts among his losses
the $4,000 that he promised to the
Mizpah club, and failed to remit Yes
he may have counted in that $4,000
and forgotten that he did not pay it
There would be just as much reason
in such an expression as statement
to the effect. that he had lost in Ton
, Opah Extension.
Tt is not very clear where Mr.
Schwab lost in his Montgomery
Shoshone investment. His friends
may have lost in buying the stock al
$40 a share; but it is an even be-
that Charles M. Schwab took more
real money out of his Nevada invest
ments than he ever put in in hare
cash And that that is the opinion
not only of Nevada people, but O.
Others as we'll, an interview with w
c. Ralston, of the California Miners
! association will attest. Here is wha
! Mr.. Ralston says in part:
San Francisco people think |
great deal of Nevada. For up t.
twenty years ago there was not =;
building of any magnitude in tn,
city which was not erected directly O
indirectly from the mines of tn
Comstock lode. Not a bank in Sal
Francisco but what was benefited b,
the mines in Nevada.
''Mr. Schwab states that he has pu
more money into Nevada than an
other man. In this he is very mucl
y mistaken, for there was more none
4 put into COmstocks by San Francisc
a men than Mr.. Schwab ever had.
"a visit to Tonopah and Goldfiel,
, does not show the evidence of MI
a Schwab's money, in the way of build
! ing or permanent improvements, an
), as compared with Nixon and Wing
, field, Hayes and Monnette, Thoma
Hickey, Golden, BrOngIler, his invest
: nsent is small.
PERSONALLY l am very sorry tina
! MFR. Schwab has been bitterly disaE
pointed in Nevada. 1 had been ur
der the impression that he had mad
:, money out of the various promotion
!, of mining stock which the publ
bought through his agents and whic
, were thereby being Endorsed by him,
: 1t looks as if Mr.. Schwab has don
= some promoting, which at this lat
= day, when everything else is depres'
III ed, his friends can not realize upol
and that they are calling on NJ
Schwab for showdown. And NJ
Schwab is evidently shifting the bu
den to the shoulders of Nevada. 1t
a fine scheme for Mr.. Schwab, but
is one that will not stand up in til
Johf of day