Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1907-01-26

Goldfeld is very great camp. That
fact is beyond intelligent dispute. It's
not yet as great camp as Cripple Greek,
bat there is every reason TO believe that
it has future before it that viii COM
plefeIy overshadow the magnificent rec
ord of Cripple Creek In 1906. only
three years after its development was in
augurated. it attained an output, exclu-
sively gold, rather greater than the
greatest Cripple Creek had attained at
the end of its seventh year.
1t seems at present perfectly cautious
and reasonable to predict that within the
next three years Gold6eld viii attain an
annual output Of twenty millions and be
able 70 hold that record for long Pc
riod OF years
As the case was in Cripple Greek -as
the case is bound 60 be in every poor
mans camp land for the simple reason
that the owners are poor mem "a large
part Of the energy and the intelligence
Of the camp throughout it's earliest years
was directed to raising money by the
sale of stocks to push development. Nat
urally these efforts were not all perfectly
honest and some of them that were per-
fecfly honest were not very intelligent
The difficulty of selling stocks from a
new and NOT extensively proven camp
and on claims that at the time. perhaps.
have little or no show of ore. IS very
great, and the temptation of the incor-
porzfors to sacrifice the treasury stock
for whatever price it viii fetch and at
quickly, is very great, bat this proceeds
far more often from impotence to de-
veiop and overhppefulness of striking
pay value with small development, than
from any scheme Of dishonesty. 1t is.
70 be sure. a ruinous way of doing bust
ness, bat il Is the way In which all spec
ulstive business. the whole world round.
IS done II IS the way In which every
railroad in the United was built-the
stock was sacrificed for whatever 1t
would fetch to make a start 50 that the
bonds could be sold II often brought
but q few cents ON the dollar. The same
Is true Of every incorporated industrial
enterprise fonnded in the United States :
even the great billion dollar Steel Trnss
wzs obliged to s.crihce IT'S common stock
to sell its preferred
If that process Of raising money to
build railroads ard found industrial en-
terprises is downright dishonesty in the
East, then, Of course. it is dishonest in
the mining camps of the West II 5
essentially and literally the same thing
East or West
The Eastern press has been very busy
lately critiGxing the methods of raising
money for development IN Gosd6eld.
Shall We render ourselves offensive te
our esteemed contemporaries OF the Eas;
ii we posnsesfly and persistently insist
that the methods OF raising money In
Goidaeid are precisely identical with the
methods of raising money for industrial
enterprises of all sorts In Boston and
New York and London and Paris
OF course. we understand perfectly
THAI ccr eastern contemporaries do MOI
seek TO conceal or palliate discovered
fransfs m the East hut their ofens<
against Gosd6eii. IN particular ard Ne
vzda in gsnerai. hes in their perfectly
grocnsfless and foolish inference that
p0hlie sentiment and the press ID Gold
keld and Nevsia do conceal or palliats
or defend mining stock frauds
Ii Is NOT 50 AZ all No SANDER cool<