Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1907-11-17
GENERAL MANAGER
HEDDEN RETURNS.
SAYS ADVENT on MIR. LORD
DOES NOT MEAN ANY
CHANGES.


General Superintendent J. +. He'd
den Of the Tonopah and Goldheld
road arrived from the east yesterday
morning. having been pretty well on
the go since he left here three weeks
ago last night. While Mr.. Hedden
was in the east, Mr.. Brock resigned
from the presidency of the road, and
Mr.. c. X. Lord was elected in his
place. Since then, MIR. Brock has
retired from the presidency of the
Tonopah Mining company and the
Belmont Mining company.
"Mr. Lord is an old railroad
man." said Mr.. Hedden. He was
formerly second or third vice presi-
dent of the Baltimore and Ohio, but
of late years has been in the coal
business, where has has had consid-
cradle time on his hands. Mr.. Lord
is a good business man, active and
energetic, and a right good mixer.
He is coming here to look over the
ground and familiarize himself with
the road. l will leave again in the
morning and go as far as Sparks to
meet him and bring him back on
Monday.
THE advent of Mr.. Lord will not
mean any changes, or the creation
of any positions. Everything will go
| ON oc hf1A 7 -
Goldfield local will be cut off for the
reason that there is no profit in it.,
and has not been any for the past
four or five months. This will leave
two trains day, both ways, between
the two points and that will be
enough to accommodate the traffic.
1.-THE conditions in the east have
been pretty bad, and they are not
entirely wiped out. In the New Eng
land states there have been in the
neighborhood of 10000 men let out
of employment, but the shutting
down of industries, and reducing the
forces, and the fear is that it will be
a lOASo lille OCIOlS ILLS COUulJlOu IL
Strengthened out There has been
too much work going on all over. the
country for the amount of money
that we have had on hand. 1t is es-
!; timated that there have been not
, less than $75,00O,0OO withdrawn
, from general circulation by the peo-
pie who have boarded their money
} Unsafe deposit boxes, tin cans and
old stockings.
{, This is what has caused hare
times, and one can easily imagine
how the business of the banks ano
of all kinds of industries has beer
> paralysed by such monumental
} loss to circulation. l read with {
t great deal of interest in this morn
ing's Bonanza of the number of peo
l pie who were buying stocks and in.
dustrials. That means that some o.
! this boarded money is going bacl
| into circulation. OF course the con
e ditions cannot last, when we stop tt
tuO luuLHSuS6 CIODS Ol liz
4 country this year, and that thos,
J, crops are now being moved, and tn,
0 money is ready in Europe to pay TO
t their purchase.
: The money is coming into tn,
. country at a. pretty fast rate, ant
t when the crops have been paid for
s and the money that was boarded il
: again in circulation, there will b,
y such condition of prosperity as tn,
: world has never seen, money bein,
n as plentiful as it, has been scarce.
< do not wonder at the people VIII,
S have any means at all, getting int,
J, the stocks and industrials. Look a
| the prices of them. New York Cen
/. trail below par, and New Haven, New
! York and Hartford around $140
: share. and paying s per cent divi
. dends as regular as the earth goe
round. The people cannot long re
sist putting their money into sucl
: investments and once a good start /
S made in that direction, there will b
an army of investors follow, and /
cannot be great while after tina
that we will see good times again.