The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-08-31
NEW YORK NEWS LETTER
SPECIAL CORRESPONDENCE

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sS ss1 nsn ss~.sg' engineering .assssra, 's IA. ssl ss IN ss. hopes %s vs.. ot ' ssss,ns tn s so1 q ns' y the the,
depression to the, sas aT,mi .md tito rs ponsy toward nsinm s sOn sn.r m,sres, those W . " ssre
s sm" , ssn saanH ss s ean aa%s t RSs' ss s1 p%ssissm, ls% r sss aa%n' ssasS s e ss 1 ~s
falling ssana, APART ss- oa sssoan oss OF al' ss sw s Ss .sn ns pone TO- f ss fr rney ,s ssi .a nj %na.
p p@ni = d a1p punishment me S nS@'s ss 1. IS 50 9ssss statements, ,sms ns oar ars !" the i@s foundation %ssss' of
s s@a. : ."oand a%a s S Ssssrsss tn as1sa sa sa' ,@ asy po %sa i ia 'sil1 1ss ss country n%% ma !.
III cause of the present. bad financial situation
The fact that thu monetary situation OF he world i in similar straits q. here
.u an u n'p s"sss .,s ssss% Ssssu @As Of 'S Sse sar af Roosevelt rs ass s , .Sn sr d ahs p ~op,s
nave the money sy' , .a tn there .m woa "a. be be 20 ss such sn,,s hing ,nsa q Ugh Ugh v% mSn s,os ssu ~n%h
hey either esnnot m a marsesf FOL or else ann anora :, to sell srounn present
erSss ~ sm ns m PURPOSES ,pp ss n%e G Ss"' ns sm nsI amoun ea "a te l puD Hes %'a ars
more likely to urn to mining stocks than risk the teaeherousness of the big
CAUSES or tn. s1u.r
The causes of The presen snump very apny have been divided into the follow
s.cs,nT1s ss s,ss. u sys sssr ,a 10 Of ,nsss,,, %'s sss tn ,.s N s ss",.s SO, of %sn. .e i.
Improvements o n nssa, en n sr%l%a" a" n''z''" '"' 'A'' '''''' ' "''' -
in IN, r% p%. ao y "smsr rsasnsd a0 ss Astounding ssass y as ~rss Of s" sssseo@eoo %eN etc., """
meet, r Ss sana interest s. . ss s%n /. "sa.i n sa assr i Ssoan "' ansns s11 standing saS s '"s .
F1fth-rhe body blows struck corporate interests in hi country b. thu ID
Theea are several other subservient reasons for present conditions which could
be added to the foregoing list. nut the above will cover all pertinent and salient
John d Rockefeller contends tina capital is locked u because it is afraid
sans :. .a a a, .,.' i. 4 n saD ss s ~ss l sn so g is s1s certainty, ssTas"a aos. 3 no IT % ns na so ss VI @ %s
capitalists have turned their stock holdings inoc ash and locked tn cash u In
"' Ss '@p"'' s4eoooooooo COR. ., m asoxs
Dona aSe ons Ssfme ss overs $4,000 90 aa 90 S Ss o% ns' up ? in ' smoke oaes ana f%n :" or ' has" s been
Of railroads n Industrial corporations havs demanded more and more &c, capital am and
These conditions have become worldwide Russia sees vast sum n , m sass, go "o y
help FINANCE thu deals N so much of he MONEY is caned wayf ron other chan
although III herself feeling the purs of the lateB oer var which cost her over
where money is tight n scarce; IN har0p esamr Sasn, =, 8 s ae so%pe"eo' against
Banking m industrial failures have been remarkably scarce tS to- to the s.m nnn
of impor, mass, so o fT 9, ws ,ns r ss,, Msnsf1 rs m fs s' is aos swollen aS~ss SOMEWHAT !" ~n bee ss
fore the M of tn ear. as very often the rocky bottom is not reflected by the
s''' j. p - Morssns return HON wednesday va te sigma for som sustained
s sn 1nssrs ssps', anx ns h sa earsf a%a s %"'ss% sonsiiu a"s''SA ne refused . ave ~
JACOB scn1rr A rnszr.nsr
Jacob H. schinsin interview published in thu New York Herald Thursday morn
I'M was anything ut a bn card. as hisu tterances were far from cheering or re-
As : very often the case his pss- a,msl .sor remarks marks, we're sm aes felt sr.s =. sss s,o ~s X
tenance an bearish utterances Or take into Consideration any adverse develop.
analysts. While the cutting Of tn diviasnd y the southern Raivay on its pre-.
Thought Thought s% fully seouns vas another sar card : cal 70 the a, attention sa 9 Of s., ,gss ,n.
he discusses nss assa tn saasss 70. q present as.asia, sslss follow .sS..., ,.,.,.,,,, =,
commercial DEVELOPMENT Of the las. IL ten wears s I'd. which aan, has Sd, brought ought, about capital
: -sa ohsr remedy sr this state Q ansas appear to Be- possible assn than ana at , Least
facilities again have reached a point SUFFICIENT for it's volume IF busdness
for e Gu esnTes tah b%ut maanufaeturers m merchants pc to be behind in this
The he m soe sssr sasns r s%0 tns s9s ss to s sas themselves @sass' f ron ossa and tn ;. nearer We shall
ONE This a ' of s course IS ' is ut a sitsaion Of previous warnings along the anne
i S% throw r off 'a anse s1sS prsss 1s"e Conditions @nMo@' Irrespective rrss sH of wa co CONDITIONS are sssant
ns osA ssr sssnenss; the IT ,a an t's sn as'a tho resources ss %s ~' Of he se, country r1~ W s c%"y it safely
Thoroughly discussed three weeks age in this 0lum SO nothing more need Dc
oovu...nurs PLAN 70. RELIEF OF .Axxs
An add. additional aomaa f ,a n.a for rn spD1 f n "sr%sn ssep ss u sne ds government as w haa ~ ~o in.e es
nan of coming to hi rensf of the banks when calls for crop movsment money be-
q A noa ae of eo ana amounting to around ssoeooooo. tina onee thnss got easy again
esn eountres would b reaching u for our gold an getting it. thereby putting
a partial %u sense as shown by secretary corteyous pan to reneve the coming n AN
s~ !. sa s,1in IN ne r ay aepG sanss s % New wss1 YORK. ns ie nas ann %ss o% msrN1 principal fneipa am@
an,snss he nea security ts eT ssuns eauhr saepa9s of t h department mtmsnt 1T 1ens understood hat
such deposits shall be returned after nus %% m J.. ,s sSh IN sun n immsmaaS s an neq
to III old custom II making overnme deposits PM IN n n mes n 0 seh srssea
when such sums ss m.h u s ann essi in '% advance aen or which sa vail viii .e effectively ets prevent
These aepos tas,u will d %. m ao of the situation aaao and oDsining money meant or othec
channels It vii n 1ss9 9 d IN %a ssst .o Dfs f rnea a m91 I@ sums D s ~hen 20 GROUP op Money ss be- @
r ane sTinrent and was absorbing all available ash. a natural reaction would oc.
u.oh Tor The time would make money plentiful m lenders anxious TO ship