Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1907-11-23
MANAGER
HEDDEN RETURNS
SAYS ADVENT OF MIR. LORD
DOES NOT MEAN ANY
CHANGES.

h0ISAo H.
den of the Tonopah and Goldfeld :
road arrived from the east Friday
morning, having been pretty well on I
the go since he left here three weeks I
| 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, Mr.. 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. will leave again in the
morning and 80 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 as usual, but | expect that the
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 a day, both ways, between
the W points and that will be
t enough to accommodate the traffic,
"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
h neighborhood of 10000 men let out
of employment, but the shutting
down of industries, and reducing the
y forces, and the fear is that it will be
II a long time before this condition is
Strengthened out. There has been
e too much work going on all over the
a country for the amount of money
IS that we have had on hand. 1t is es-
timated that there have been not
p less than SIS, 600, 900 withdrawn
st from general circulation by the peo-
le pie who have boarded their money
le Unsafe deposit boxes, tin cans and
70 old stockings.
This is what has caused hard
times, and one can easily imagine
how the business of the banks ant
of all kinds of industries has beer
z paralysed by such a monumental
loss to circulation. | read with
great deal of interest in this morn
IN ing's Bonanza of the number of PEG
pie Yho were buying stocks and in
az this boarded money is going bac'
into circulation. OF course the con
NJ ditions cannot last, when we stop t
~ consider the immense crops of th
country this fear, and that thos
q crops are now being moved. and tn
money is ready in Europe to pay fC
their purchase.
~ The money is coming into ii
the country at a pretty fast rate, an
when the crops have been paid TO
and the money that was boarded
w again in circulation, there will !
such a condition of prosperity as IL
world has never seen, money beir
as plentiful as it has been scarce.
do not wonder at the people vi
81 have any means at all, getting in
the stocks and industrials. Look
INTO the prices of them. New York &c
New trail below par, and New Haven, M
York and Hartford around $140
share, and paying s per cent di
: In dends as regular as the earth &c
aper round. The people cannot long
lded sist putting their money into su
de- investments and once a good start
! by made in that direction, there will
llars an army of investors follow, and
oney cannot be Il great while after Il
$ to that we viii see good times agail
the