The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-12-28
THE GREAT ACHIEVEMENTS OF 1907
A GUARANTEE OF A GREATER 1908

~ HE YEAR 1907 winds u with Godaad and the state Of Nevada suffering
from financial N industrial convulsions
The state has been hit hard by the general financial panic u Gold
field has suffered d0uby by reason o. its added labor troubles
But in spte II the vsxatious labor troubles of the present and the past. IL
is pleasurabls and reasuming to review h accomplishments Of the camp and the
state for the year 1907 and speculate upon the future. for this las been a year
Of usat achievement in ooldasld as well as in every other camp OF the state. rs
narated al length in this issue Of The News And if the past year Is only a
forecast Of what the coming year is to be- We may look through he gloom m
shrouding is or the time and divine a year o. prosperity never sn"s NOW IN
this Or any other mining state in the country.
Only a few more gears should be required to force Nevada into first place
among the gold producing stateso OF America. In 1905 aurlerous put
put Of the Battleborn state as valued at $6s5slOo In so II vas
per cent II gain made in the m period BY all the twenty-five gold producing
states and territories in the Union This year Goldhed alone win e 0un o. =
final reckoning to hve contributed to the national exchequer approximately 3d.
ooosoo in gold and the total quota for the diverse districts Of the sagehGush CON
monweath viii round ut at something like s2ooooooo. a increase Of better
IAN 15 per cet over the record for 1906 and 2s per cent over thu score Of
omcial statistics Of the latest date. III year Of 1906. give Nevada fourth
place among the gold states, Colorado being first with $22 e3A4ooi Alaska second
with 81, se5loo and California third, with sisss2soo. When Nevada comes
into her own the top Of the column, the promotion will be largely due to the
chievements Of aoldhad. whose mines shipped in the first eleven months # 1907
financial suingency and stock stagnaion. 1888 tons Of high grade gold quartz
conservatively estimated as possessing al avniye value o. 800 tn ton, its
leases making up this total named here in h order they earned by tonnage
from largest to least are coldheld Consolidated, Jumbo Extension, Florence Gold
field, Combination Fraction, Ddamondfad Black Butte. st. IVES Daisy Mines
Syndicate Sandstone. Velvet and May Queen, Without n exception those ten
far above past responses. That their several careers are widening is most con-
cusivey proved by the fact that IN the first six months Of 1907 their output was
su,7ao tot and in the net i've months Balls TONS ar average monthly increase
of 2s per cent.
struggling camp Of canvas to a city of stone blocks and paved streets electric
lights M waterworks I'll population fifteen thousand souls. -Four years ago nw
s...Is. NAV hosstm ,rssv whose product Is worth twelve mfuions Der INV with
their reserves scarcely touched. In 1905 the United States produced gold and
silver at the Idue U $10O VIC apt o4 RuPuohou" Uo0NAO30 40 SuAPPA6 INV ~
the rate of 1000 per capita Of Its population.
Early in 1907 George Roberts, then director OF the MINT prophesied that be-
foret the end Il the twelve months the gold output Il the entire state OF Nevada
should reach $15OOOOO0. Godfed,,a alone, has recorded months 4 a greater an
nua rate than that and has blocked on ini its mines today IRE Of q value of at
least 276Ooo0 900. The present rte of ooldheld's mineralc contributions is equal
~ xS<ns whole world a hundred years ago. In contrast with this forecast
Of Mr. Roberts is the statement made in December Of this year by James II.
Nevfn. Nevada's state license ant bullion tai agent who estimated that the gross
value of gold md silver produced in the statet hsy year will approximate so5,
100000; that next yeart the figure win crowd s50O000oo and that half Of this will
PM from Godhed district Fruiton of such promise win place Nevada at the
head Of thu Unions column of mineral states and territories and prove Goldheld
more indisputably the greatest gold camp o earth.
Seventeen me- formally organized Goldfeld district in 1908. L L Patrick
opened III first mine, the Combination, for which he paid his first $4,000 Of tn,
$4,000 purchase price OF October "a -Four months operation neHed the other
$4,000. That nine hs paid a million dollars in dividends and is valued today
at soOO0000.
One Of three banks in 0oldfeld pays dividends OF sixty per cent per nnnm
There ire In Goldfed public school accommodations for six hundred pupils and
the pupils to enjoy tn accommodation The posomce is selling stamps and
renting boxes at the rate II $500 per month. Frcm January :, 1906 to June l.
the seat in 1907 did five times as much business AS wal done in the fortyhve
years. before. Gaming licenses in 0oldfeld run to $1,000 a month. The county is
spending $4,000 a month In Improvement Of the city. Ten dollars for every
100000 shares Of capitalization is the state lee for incorporation of lev CON
BY h end Of 1907 the amount paid into The state treasury from Esmer
aida county from such source will foot up to 100000.
In the old days owners of mines were obliged to do much Of the manual work
around tn diggings. Now, whom mhampered by labor troubles the average
number of wage Farmers in 0oldheld is 1885 and the daily payroll averages sgt,
GOT. A year g the county Of which 0oldfad is the seat was assessed 1t
$s70Ooo Now the assessed valuation is $sOsl,o2O22 n increase Of 1T per
cent in twelve months.
Those are but q fsw Of the ddenghts to bring ont the greatness Of aoldheld,s
mines, because there il no other resource upon which he city may depend for
growth or perpetuty. Constantly the mines are growing in proved wealth and in
number and the sdehghts viii be infinitely brighter 3 year hence. The proved
pay belt Is Spreading and daily there is pfnng proc upon proof Of enrichment
with depth shipping mines are operating i've miles north Of the Mohawk and
stock fska have had their day but the proved mines ar but entering upon their
ca~rso Of destined achievement and many . prospect nov cassed among the
doubtfns WIN before the twilight Of 1908 be found numbered among the regular