Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1907-11-17
Los ANGELES
IS AWAKENING
SEES MANY OPPORTUNITIES IN
SOUTHERN ME-
VADA.

IL. 4. Duulap, NHO Han Just IT,
turned from Los Angeles, sees a
great deal in the city of angels
which promises well for the future
of this country. It was not always
so with Mr.. Dunlap. There was a
time when he doubted the sincerity
of the people of the southland with
regard to southern Nevada.
The people of Los Angeles" said
he, have fully awakened to the OPP
portunities of southern Nevada, and
they are ready to take advantage Of
them. | talked with many of the
business men, the merchants, the
real estate men and the brokers,
and they are of of the same opinion
that Los Angeles will be the center
for mining and stock operations for
southern Nevada.
While realizing the opportunities
of this country, they also realize that
they are going to get it when guess
work practically is eliminated, for
while they have been watching this
country, the properties were being
developed, and there is so much to
draw from which has made good,
that speculation is reduced to in
vestment. The people of Los Angeles
look to this country to aid them in
work that heretofore has been con-
| fined to their own country.
There are thousands of people who
go to Los Angeles each year to spend
the winter, and they are always look
ing for speculation in which they can
! turn over their money. Formerly it
was real estate, and not few of the
visitors more than made their ex-
penses during their visit, but had a
real good time at that, and money
besides, to carry home with them
The day for real estate speculation
has passed, and there is nothing bu;
stock speculation to take it's place
There are not less than $4,000 visi.
tors who spend the winter in Los
Angeles who do not know what tc
do with their money, and to then
there can be no more inviting fielt
than southern Nevada.
There are no hard times in Los
Angeles; there is plenty of money t.
be had. The city is on a certificate
basis, to be sure, but this is only fol
their own protection l had to taxi
certificates as did everybody else, bu
there was no trouble in disposing o
them. The stores take it, the thea
ters, the restaurants, the street cars
the hotels and the railroads accept it
so that there is no Inconvenience
whatever. The banks are using thu
certificates instead of money, so tina
they can keep the money in the city
There have been issued one million
dollars in clearing house certificates
) against which has been Deposits
two million dollars in actual coin an
, currency with the clearing hous
committee.
THE bankers look for change i
: conditions in very short while
| just as soon as currency begins t
!. flow westward, and really, tina
2 movement seems to have set in al
: ready. The banks are ready to G
on cash basis as soon as the frs
currency or coin comes in. There /
no reason for them being on any
thing but cash basis, but that the
are unable to get their cash reserva
/, ttions which are in the easter
banks. There is good, strong stoc
. exchange in Los Angeles, and it /
/. patronized by fine class of people
showing that the interest is genera
in the securities which are deal il
: The exchange needs a little more eA
: ploitation in the Los Angeles news
t papers, but that will come in time.