Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1907-11-23
Los ANGELES IS
NOW AWAKENING
SEES MANY OPPORTUNITIES IN
SOUTHERN NE
VADA.

II. f.. DunldBt VIM ido j95S ~ /
turned from Los Angeles, sees a
great Zeal in the city of angels
which promises well for the future
of this country. 1t 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 set it when guess
work practically is eliminated, for
while they have been watching this
country, the properties We're 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
a work that heretofore has been con
| fined IN tbeiI own cDuntry.
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 a few Of the
visitors more than made their ex-
penses during their visit, but had a
real good time at chat, and money
besides, to carry home with them.
The day for real estate speculation
has passed, and there Is nothing bn-
stock speculation to take its place.
There are not less than $4,000 wish
tors who spend the winter in Los
Angeles who do not know what to
do with their money, and to them
there can be no more inviting field
than southern Nevada.
There are no hard times in Lo;
Angeles; there is plenty Of money &c
be had The city is on a certificate
basis, to be sure, but this is only foI
their own protection. [ had to TAX
certificates as did everybody else, bu
there was no trouble in d~isposing 0
them. The stores take it, the thea
tiers, the restaurants, the street cars
the hotels and the railroads accept II
so that there is no inconvenience
whatever. The banks are using TIL
u certificates instead of money, sc tina
they can keep the money In the city
: There have been issued eHe milli0
. dollars in clearing house certificates
against which has been deposite
two million dollars in actual coin an
currency with the clearing hous
OF committee.
)h THE bankers look for a change
o. conditions in a very short Will
Just as soon as currency begins
flow westward, and really, thi
ie movement seems to have set in a
ready, The banks are ready to {
M on a cash basis as soon as the fir
So" currency or coin comes in. There
no reason for them being on an
thing but a cash basis, but that tn
are unable to get their cash reserv
er- ttions which are in the caste
ne banks. There is a good, strong sto,
Ses exchange in Los Angeles, and 1t
y p%atroniZed by a fine class of peop.
ne showing that the interest Is genei
lat in the securities which are deal
70 The exchange needs a little nor
ploitation in the Los Angeles nev
papers, but that will come in time