Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1907-10-26
GOVERNOR SPARKS
DECLARES HOLIDAY
Continued from Page one.)

who has unlimited faith in the State
Bank and Trust Company. This is
d. Mackenzie, promoter of the Flor
ence Mohawk Leasing Company. He
is said to have 100000 on deposit
in the Goldfield branch of the Hickey
banks, and has expressed his wiling
ness to put in $500, 900 more, and
leave it in the bank for a year, If
necessary. Mr.. Mackenzie is now in
San Francisco, having gone there to
confer with Mr.. Hickey, and there is
no doubt that the conference will re-
suit in something beneficial to the
banks.
Mr.. Mackenzie made for himself
and his clients about a million and a
quarter dollars on his lease on the
Mohawk alone, and he is now ship
ping the richest kind of stuff from
another lease on the Florence. He is
a shrewd business man, and If there
is a way out of the trouble, he will
find it, and doubtless, will help to
finance it. His meeting with Hickey
has a good sound to those who know
the man,
The Nye and Ormsby county bank
officials are busy with their affairs.
and are confident that they will be
able to meet the demands of the de-
positors as soon as the holiday is
ended. All they want is time to get
their money in, and they claim that
there will be no trouble doing that.
In fact, there is nobody in the city
has any other thought but that every
thing will be all right and that all
the banks will come out on top. If
there is a mar in town who is doing
any worrying he has not put in an
appearance in public.
There was a little worry yesterday
morning when the reports from the
stock exchange came in. The Ne
vada securities had been smashed out
OF all semblance to their former
selves in the pit of the San Francisco
Stock and Exchange Board. The
bears were taking advantage of the
condition of affairs, and were pound
ing down the securities numerically.
Word was received here that the
Goldtleld exchange had been closed
on account OF the holiday and this
suggested to the local exchange and
to the banks to wire to San Francisco
requesting that the board there be
closed. AS a result, the following
telegram. signed by the Tonopah
Stock Exchange and all the banks.
was sent to President Ruggles of the
San Francisco Stock and Exchange
Board
"Tonopah, Oct. "a.
ITO A. b. Ruggles, President Stock
and Exchange Board.
San Francisco.
Every bank in Nevada is closed
by proclamation of the Governor. We
urgently request that you close youl
exchange during this enforced holi.
day and stop this merciless slaugh.
ter.
The answer that was expected was
not received, but doubtless the ap.
peal had its effect on the brokers
Ruggles replied as follows:
The market is improving and II,
panicky feeling prevails. BY keeping
the board open no stronger argument
could be given the East Of the stabil.
ity OF Neyada stocks. Our banks are
sound and confident"
The market advanced after that
The recovery from the mornings col
lapse was something wonderful. And
Notwithstanding the cry OF hare
times which has been heretofore
: heard, there were many buying or
: ders went over the wires during thu
day. Jim Butler was pounded dowr
to 20 cents. At first people wer,
3 dazed; then they suddenly awakened
{ and made a dash for their brokers
offices. Or TO the telegraph Office
: They bought fearlessly. and the,
bought while they had money at thei
command. This was doubtless IA,
, cause Of The sudden recovery of tn,
, market.
The close of tnp daV had "A briub
5 look. There were good reports com
ing over the wires from the East, an
the middle West. and as far as Sal
Francisco. rode through the storm
{ without knowing that there was one
@ The Judgment OF everyone was tina
the crisis had passed.
MarCbaut and ponkl = apar IT.