The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-04-27

sent out a circular letter on mining In
vestments that is worthy OF wide dis
tribution as 1t contains an argument
from historical and economic data that
throws a favorable light on the subject
The circular is as follows:
ooxD nx1Ho
My Dear Readers-You may be one of
the nine out of every ten men that we
meet who ooh upon your brother. who
is trying to interest you in some gold.
silver or copper mine. as being a direct
representative of the Black Arts" or
the devil himself.
Did you ever think over this question
~candidly and seriously. and try II you
could. TO ascertain the real and true
cause of such ~unfavorable impressions.
and universal prejudice on the part of
the most of our careful going and con-
s~ervative men. who have some money
and would invest where their investment
will have at least a fair showing for re-
wards? II is my object in writing this
article, to try IL possible, to throw
some light on this question. and 10 get
you. my dear reader. to see as I think
/ see. the r situation of this much
repeated epithet-Mine Faker! Mine
Fakersi
You can scarcely meet a man but what
he has some story to relate to you as to
how he invested in a gold. silver or cop
per mine in the past and got faxed. The
writer has talked with a number of such
people and invariably their investment
dates away back several years ago-and
in most cases the property they invested
in was located far away from trans
portation. etc, and at a time when the
methods of reducing ores from the
mines were very crude and could not
save much more han one-half the
values of the ores we are able to now
with our new and improved methods of
reduction.
But. to get at the cause of this un-
favorable feeling against mining invest
ments.
/ wish the reader to go back with me
along in the seventies, and now be fair
and candid with yourselves and look at
the situation say in 1870. Along about
this time there was not so much inter-
est taken in gold mining as there was
III oAohS III ~ cdiiy sSfCiitics,
silver mines paid their investors we'll
then even very low grade ore producers
paid to work, then silver bullion ran
along at par will gold. At that time
as a money value, gold and silver had
but one value. and that was mint value.
Now / am going to tell you some
thing; but don't throw up you hands
and exclaim: There, I knew he would
say it," Don't get startled. but do as
I have asked above: be candle with
yourselves, and follow me along and
see II we can't find the real 'Nigger in
the fence" tho real cause of all your
early losses. and which has caused you
ever since to be soured in mining invest
ments.
/ want to try to show you now that
your early investments were slapped in
the face. and your losses were brought
about by an influence that but mighty
few men stop to hin about.
Did you ever realize what the money
monger and capitalists %(infant indus
tries). aided by corrupt politicians, did
for you about his time? Well the be-
ginning of the down fall of your mining
investment dates from the demonetiza
tion act of 1873. You don't need to be
told what happened then. Then you did
not know. but you do now.
AS / have before stated, before 1878
gold and silver had q common value
which was min value, but from 1878
and by the demonetization act (Which
was the blacklist and dirtiest smirch on
the face of our American politics), I say,
from that date silver bullion took on a
second value, which Is known as COM
mercial value.
Webster says that 'demonetize" means
to deprive of current value; to withdraw
from use as money" This is exactly
what our very wise statesmen CD did
with your silver production. gave 1t no
money value, but placed 1t along with all
other commercial commodities and It's
values would be in the future just what
the market would be. And the money
manipulators saw we'll to it that the
market for silver bullion Travelled in the
direction that their prods and whip
lashes drove It.
Then along on top of the nations
greatest CURSE the demonetization act,
came infant Industry cry. The pro-
lection to the infant Industries of the
nation, all well put in the name of the
nation. 1t all looked good to us then,
n we threw up our hats In endorse
same light now.
then right upon the heels of protec-
ton was sprung the great and everlast-
ing gold standard" issue. the adoption
of which placed the last gear wheel into
the machine that was intended to grind
out and manufacture millionaires.
All this was accomplished and COM
pleted along the early eighties. The
knives were all whetted and axes ground
for the thorough accomplishment Of
their work. And to know how well they
did it. you only have to look around you
now and count the fabulous millions
that are controlled by very ordinary men
in so short a time and to note also the
present agitation of fraud in high
places; government Investigations on all
hands and in everything. SO this IL
what has happened as a result of the
decentralization act as the placing of the
first cog-wheel in the mil1ionaire-man-
Neutrality-suspicious., and you could trace
the slumps of your silver bullion from
1873, when it was standing along beside
of gold hand in hand. worth 100 cents
on the dollar.
Even today mine values of silver
stands right along beside gold, but mint
values of silver is not hat the money
changers wanted and is why the COM
mercial value was given birth to it. For
by this value the compressor feature of
the millionaire-machine could be turned
on and so the machine was put into mo-
ton, and the compressor rollers started,
49,