The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-03-30


FACE THE BREEZE BUT KEEP YOUR MOUTH SHUT
1t would seem rom letters received at this once that there are a Few stock
spectators who are disposed to crnicise the mine operators in their action in
closing down the mines as n Of the moves in the labor struggles through which
isations should have been settled between those organizations and it was not the
business # The mine wne to mix in' These people are clearly animated n
and causeda sharp shrnkage in prices, and they hint that the action vas more
the devnish contrivance of stock manpuators than of soberminded business
men ~sa* $3.50
OF course people at a distance have to draw their conclusions from informa-
be entirely insufficient ind mistaken. A careful reading Of The News of the past
few weeks would have put them right as to the facts. whatever deductions they
might have chosen to draw from the facts There are people who would always
prefer to put a sinister construction N ones acts and motives than credit them
with sincerity With these people it is hardly worth while to reason.
1t is true that the origin of this present labor trouble vas between labor
organizations. One organization endeavored to force others to join its ranks
of its members we're allowed to work alongside MEMBERS of the other unions
This tied up various lines of industry and this is where the employer and the
.srsstsrsd a. tstrv or.tns forces we're divided between the warning unions
Construction work on buildings AM residences was stopped. Transfers would
not haul where carpenters and masons were at work. 1t evn went SO far that
attempt was about to be made t. starve members Of certain crafts tut of the
camp by refusing to permit the restaurant waters to serve them at table, or
clerks to sell them al stores The town was becoming badly demorahzed and all
was a a standstn
AS a result mine owners and business men were compelled to enter the strug-
Gle It was a matter Of self protection. They took the side against the orisina,
bringing about incipient strikes and boycotts t % the great annoyance of business,
the time had come and III opportunity It hand when al enectual auietus should
be put upon this trouble breeding organization 1t was only by concerted action
forced - clse doun inst ths sam although II would avs bsen attended with
trouble and loss BY united action, and by taking the initiative, they were able
to handle the situation without trouble to themselves or permanent loss Of bust
ness. It vas only by such action that the l. W. W. could be show that the
and determined purpose. That their action vas wisea and warranted is shown in
the sequel The l. ". ". has become demOranzed. is dsintsgrating. and is pac-
tcany broken up Only a last step remains to be taken before the mines are re-
opened and business generally resumed under full swing.
That the mines were closed for tn purpose of affecting the stock market is
hardly worthy of consideration. The mine owners and operators of Goldheld are
nor interested in seeing a good. buoyant market with rhng prices than any in
hvidual Spectator with his few thousand shares OF stock. The mine operators
If this camp are as a rule, men # large affairs and represent great interests
Their fortune lies with the mines more han with the stocks. They are more
concerned in ore production than in the fluctuations of the stock market. This
shut down will have caused then hundreds Of thousand dollars Of loss-more
saa ' =. ,v Vm uuo poSAs " A as :. m ms,so ps ~ M s uay ~ g 81 . .x ss limousine ua~ss, . n@ smn 81
hd been their ObiCt they nav failed most miSerably for The market has held
up astonshingly well; it is only a comparatively few points off from the normal
There is considerable difference perhaps between the prices today than n De-
cember, but the latter period was the elimination of a tremendous boom in
stocks when many of them went way beyond their intrinsic vaue-to a height
they could not sustain for any length of time wen under III most favorable labor
conditions Very few of the mines improved their physical condition to any
great extent within the period of that BOOM and yet the stocks of those mines
doubled, trebled and quadrupled, through the buying of a frenzied speculative
public who could see nc end % the roftmaking They plunged lin recklsay
and bought right and left AM Of course got caught when tn turn in the market
came and prices settled to their normal level And these are the people who ar
row laying the blame If their folly on the min operators, and are damnng them
for shutting down the mines 'jobbing the market"
The mines of this camp shut down because they were practically forced to
shut down and they will remain shut down until they an reopen with some as
surance that these labor troubles are lot to recur periodically to their intermin-
able annoyance and loss. When they do reopen, it viii be under IN agreement
that will last for many years and which will insure continued peace and uninter
rupted progress and prosperity. The fight now is not for a day Or a month. It
is for all time; and when this fight is won it will benefit the mines and the
stocks of this market to the amount Of millions of dollars. Every stakeholder
win be the gamer Every dollar invested win be worth many.
The people he cannot afford to stay with their stocks, come what may, had
besterg get o tut of thu market and stay out Their fretungs and captious fault
findings are only a hndrance to the people who are trying Ito right conditions and
put the market Oh a strong and sure footing. The nine owners and business men
of Goldfeld have the situation well in hand. They are amply prepared to protect
life and property, and they have fortified themselves in every way to fight it out
o the end. Might rs well abandon he mines-cose he doors on business and
walk out of camp. as to be hMassed by the labor troubles that have been threat
enng here for months and which ire becoming more intOlerabls as time goes on
int what hav the investors in Godfed stocks to whine about, anyway
when a man goes intoa any speculative market railroad shares. produce, indus
but a gamble, especially FIJI e plays the market for thu fluctuations OF a day OF a
wssr Rut whether 10 goes inot the mining market Tor a gamble, or buys stocks
= !. hoard for a long hold as an investment, he certainly has Jared IS well as
in any other market and a great deal better. What If stocks ire down conad-
ersbly from what they were last December II is not a shrinkage due to the
dsrrsc,atnn 81 b mines themselves. They have not lost billions like Wall
street. in the same length Of time Every mine in aoldhsld is worth more money