Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1907-07-13
EDITORIAL COMMENT
NEW YORK BECOMING INTERESTED.

The era of depression throughout the country has about run it's
course, and money is easier in the East and will soon be more plentiful
in the West, AS a matter of fact, there never has been a real shortage
of money, but the banks and other financial institutions that have been
holding it back from the public now seem inclined to let go Tom Law
son is credited with having the strings on Wall street in his possession,
and also with the desire of getting things there into a normal condition
once more.
New York is manIfesing a lfeler interest in the stocks of South
ern Nevada, and there is a strong effort being made on the part of East
en capital to transfer the mining speculative center from San Francisco
to Gotham. During the depression in the securities of this part of the
country, there has been any amount CT Eastern capital represented here,
and a better understanding of conditions prevail in the capital strong
holds. The people came here from the East to see what was being done
termine how much wildcatting had been done with their money. The
result of these visits has been most gratifying to the people who had
legitimate promotions to advance and also to those who are interested
in Legitimate mining, Independent of promotion.
The Eastern Investigators found something very rotten in Godfeld
vestigation while the depression as on. But these people have been
put in the imenght, and they have got to make good, o. stand suit both
it means that the people who flched the public without any attempt to
give them a run for their money, must step down and out.
The gratifying part of the investigations is tGt they have given the
lie to the magazine writers who excoriated the entire camp and were
paid for their libels by the Wall street interests. For the inquisitors
have found that the crooked promoters and manipulators in Goldfed
were very few, and men of no standing whatever in the community
When the boom in the securities of Southern Nevada starts UP
again, it will be with clean books. Goldheld has recovered from the
and also in better physical condition The shinments of ore are con
stantly on the increase, az this weeks output to the shelters will show.
There are more leases at work than ever before in the history of the
camp and this means the development of more mines
Tonopah has no leases, but her mines are working steadily on
their own account The time for high prices on the securities of mines
which have no ore showing has gone by. The mines have got to show"
the investors. Any specuhtor is willing to take a chance in a property
that is putting the money of its treasury into the ground; but it should
be the duty of the papers Of this section of the country to advertise any
and all wildcats, which arc collecting money from the public, and dis
pensing the same for high salaries instead of developing the ground.
Tonopah and Goldhed are ready for the boom now. The time for
the rise in stocks of all kinds has been fixed for the fall, for the reason
that the big dealers in the East are away at the summer resorts and arc
therefore paying nc attention to business. But with the ore being hoist
ed from the lower levels of the mines, with every district in the best
possible shape from Tonopah to Death valley, from Manhattan to Fair
view, fro mWonder to Seven Troughs, from Beatty to Berlin, and from
Rhyohte to Rosebud there is no reason why the advance in the market
should be delayed. 1t was about this time last year that the market was
started, and the advance was due almost entirely to the speculation in
San Francisco Then the East took hold of 1t, and there was no ces-
sation until the internal troubles of Goldhed knocked everything in the
head.
1t is not likely that the market will start from San Francisco this
year, for San Francisco has more troubles than any other city. The labor
troubles seem to be worse than ever, and if the labor union campaign
is waged against the United Railroads, a S threatened, it means that
there will be a general fight for and against unionism. In this event,
but little can be expected in the way of support from the old stamping
ground of Nevada securities, and the trading ground will, without doubt,
be transferred to New York.