The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-12-07


one OF the biggest in the country. and
Just as soon as things begin to better
themselves In the east. the food of
money will surely TURN towards Nevada.
Southern Nevada today has every smell
ter in the country tied up with her ores.
and they have only just begun to take
out the ores"
Now. as to those time certificates.
What Is your plan of operationy'
Just this. We are going to issue
time certificates which read like this:
sThe state Bank and Trust company will
pay to the order of John Doe
dollars on the return of this certificate
properly endorsed. on or after---
months from date. with interest at the
rate OF three and one-haif per cent per
annum. until paid These will be
signed by the cashiers of the different
branches. and are not subject to check.
These certificates are to be ISSUED In
one, two. five, ten, twenty and fifty
dollar denominations. As they bear In
terest at the rate of three and one-half
per cent, l can see 10 reason why they
will ont pass current In exchange for
goods. They are certainly more ac-
ceptable than are the clearing house
certificates with which the country Is
now ode The possibility of forgery
Is reduced to a minimum. They are to
be engraved by the best house in the
country and s~afeguarded as much as
possible. Then too. they will have 20
be endorsed, which is In itself ar added
security. In reality they will be a good
investment. as they bear three and one
half per cent interest and can be re-
deemed at any time after the period for
which they are issued has expired. be 1t
in three months or three years. They
will not have to be renewed to continue
the interest. Any time they are pre-
| scented they will be paid plus the accum-
ulated interest. The ISSUANCE of these
certificates in a negotiable form pro-
vides a means of obtaining ready money
by any depositor who does not wish to
walt the end of the period for which his
certificates are issued to obtain his
money. Should a deposition prefer II. he
can receive a certificate covering his
whole deposit"
rs It your intention tn merely liqui-
: date your banks obligationsy'
TT is not. We will be found doing a
larger and better business than ever be-
fore. The day our banks open I look
for a large line Of deposits. We have
the big depositors with us to the man
The country has undergone a scare
Every part Of the country has expert
enced a lack of coin when II was most
needed. No bank can AFFORD to keep a
large amount of coin IN its vaults. II
is too expensive. This time the city
banks closed down on their country cor
respondents and boarded all their avail
| able cash within their vaults, taking ad-
vantage of clearing house paper. etc
Had we had an opportunity OF issuing
paper of this sort. W. could have pro-
| tected ourselves from the impending
| crash, and have been doing a restricted
business such as thousands OF banks In
| this country are doing today. We are
| going to liquidate our present obliga-
| lions, all the business done from the day
we open will be separate and apart from
that previously done
'I don't think that / can give you any
more facts at the present time, but LEI
me emphasize this: That I will stand
by every agreement made by me-, and
that I am fully able to make good an,
and every promise made by me-"