Los Angeles herald., 1907-01-14
TALK IN CHICAGO
ABOUT GOLOFIELO
FORECAST OF STILL GREATER
MINING ACTIVITY
Capital Diverted from Wall Street to
the Rich Gold Fields of
Nevada and CALI
fornia

Fred 7. Meyer and G. II. Keidel of
the Meyer Keidcl company, stock
brokers' and Goldneld mine operators,
stated in an interview at the Auditori-
um Annex hotel, Chicago, that the
present situation all over the country
disclosed the unmistakable forecast of
an impending period of wonderful
activity in mining matters i'm Nevada.
1hey declare that no such set of favor
able conditions as now prevail through
out the mining world has ever hereto
fore existed in the history of mine de-
Velopment. These gentlemen assert
that the infallible signs, as disclosed
by the daily market conditions in this
country and also IN Europe, indicate
clearly that the tide of public favor
can no longer be held in check When
asked what the particular conditions
are which at this time favor this mar
ket activity In the western mining Sc
curities Mr.. Meyer in part said:
During the past two years the in
vesting public has to some extent been
famfliarized with the truth about Wall
street stocks through the writings of
Lawson, Ida Tarbell and others. In
consequence investment funds have in
some measure been withdrawn from
the Wall street channel and a part of
TINS money has found it's way into Ne
Vada mining ventures.
with an abundant and constantly
increasing supply of funds available
for prospecting and development pur-
poses Nevada has had during the past
two years fine opportunity to demon
strate the merit of her splendid mineral
resources. Her mining record testifies
as to how well she has improved this
opportunity.
Astonishing Achievements
THE most astonishing achievement
seems to me to be that up to this date
there is practically no person who has
dealt In Nevada mining stocks at a
loss, but on the contrary the record
mas been one of universal profit. 1t is,
indeed, asserted, and 1 believe truth
fully so, that in these two years Ne
Vada has produced one hundred men
now rated as millionaires. These undis-
puted facts effectually nullify the wall
OF warming which now emanates from
greedy Wall street, alarmed as II is
to the last degree by the steady drain.
| age for western and mining invest.
ments of funds which have heretofore
been flowing in an uninterrupted
stream into New York city. These
profitable investments of funds in west
ern mining stocks have so stimulated
the production of gold in Nevada as t,
place that state third on the list O
gold producers in the United State
last year, and if the present ratio O
increase continues she will rank No
in 1907"
The banks and mining companies or
the Nevada gold belt hold thirty mil.
lions of money in their vaults. while
| they are also credited with thirty mil.
mons IN New York and like sum in
the California metropolis.
Nevada has within the past $50 days
developed a mine at Goldfield which
holds the worlds record of production
for the same period of operation. The
sum produced to date exceeds eleven
millions OF bullion. Two carloads of ore
from this famous mine, valued at two
million dollars, are now held by the
Goldfield banks, in whose bankine
houses the sacks of high grade are be-
ing stacked like wheat in a granary
This remarkable specimen ore is soon
10 pc shipped through the east and
displayed to the incredulous as ocular
proof of the vast wealth of the desert
Proof of Confidence
"The strangest evidence of the con-
fidence of the Goldfield mine operators
in the permanency of their camp is fur
nished by the records of the recent
real estate transactions in Goldfield
where every desirable available bust
ness lot has been picked up at a price
ranging from ten thousand dollars to
thirty thousand dollars per lot. From
a local contractor and builder I learn
that he has contracts for more than
five hundred thousand lollars' worth OF
business houses, all of stone and mod
ern construction, to be erected on
these lots as soon as material is avail
able, and he assures me that these
improvements are being undertaken
by men who are in a position to know
accurately about the real merits of the
mines, because in all cases they are
directly interested in and associated
with the active mining operations OF
the camp.
1.-THE above facts are fully supported
by the records of such mines as the
Silver Pick, Red Top, Mohawk, Jumbo
Atlanta, C. o. D.. Gold Bar, Blue Bull
and its nearest neighbors, the Gold
field Bank property. in which an ex-
tensive body of valuable ore has Just
been encountered.
"These and many other conditions
combine to show that a period of sub
stantial prosperity is at hand for all
legitimate mining enterprises in Ne
vada in general and at Goldfield in
particular"