Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1907-12-14
FOR BIG
Mining BOOM

Int OAuC4 vi part OWNER OF a SOlQ
mine these days is certainly it. The
general cry is for gold, despite the in
creasing worlds production of the
yellow metal, and always staple in
price, the ltcky producer Of gold
must of necessity be considered the
man of the hour.
And it certainly looks as though
silver is to have an inning, with an
increasing demand and an increasing
price for the white metal.
The general opinion is that the
government will coin additional sill
yer, and already in the instance of at
least the Denver mint, an order has
gone forth to coin silver in large
quantities, stopping for the time be-
ing the coinage of the yellow metal.
Bully for gold and silver.
Bully for the gold and silver min
ers, and the gold and silver invest
ors.
Outside of gold, the other metals
seem to have declined in sympathy
with copper, or through the same in
fiuences which have been brought to
bear upon the market for that metal.
But the mines are in better shape
than yer before to make a profit
with metal prices at a low range, on
account OF the general lowering Of
the cost of operating and handling
the product.
In many instances silver miners
have made more money from the pro-
duction of ore with silver around so
cents than they were when it was
quoted above a dollar. And bear in
mind that many of the copper COM
panies of today were promoted under
representations for profit to be earn
ed with copper selling at what it is
today. The red metal has, in turn,
advanced and declined since the hot-
alton of these companies.
We are feeling very optimistic over
the situation so far as mining is CON
cerned. The effect so far felt has
been through the decline in prices of
some of the metals, and again.
through banking disturbances which
have not been due to local causes
Gold mining generally should re-
ceive a tremendous stimulant at this
time. There should also be a splen-
did revival in silver operations, and
we look for higher prices shortly in
the other metals.
The general public is going to turn
to mining as before. For weeks
now there has been evidence that the
people would sooner trust their
money in mines, and other forms of
Western industries. than leave It in
the bank. Money in the bank at besr
earns but a very low rate Of interest,
and the function Of money is to make
more money, by keeping 1t invested
where it will bring the largest re-
turns.
ne general securities OF wall
street will have to lay on the shelf
for some time as far as the investing
public is concerned.
AS we said last month this is min
ing's greatest opportunity. The West
is exceedingly prosperous and to this
time has stood the financial furry
better than any other section of the
country, The people. too of the
country, are prosperous and Just as
as the less informed get over
their scare, there Is going to be a
greater prosperity than this country
has ever seen.
There is going to be quick return
to a general business activity Min
ing today stands the chance Of re-
%ceiying first attention in this connec-
ton; there is no form Of investment
which can equal a good mining prop
osition.
Is 1t not a fact that every financial
furry in the country's history has
been followed by a great mining
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