The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-21
OOLDFIELD Is ALL RIGHT

w , HLg tac-eh The generals complaint about the streets that "tames are
NV dn in Goldhed," to the stranger who is making his first cquaint
w nee with the town and camp. such complaints are hardly appreciated;
for what We call dull times in Godhed would be lively times in
any other city in thu country. We form our estimates of everyp phase II activity
from comparisons. As compared to the inaauont times of last fall and winter.
times may be a little dull; but as compared with other towns If the sams sdze any
where else in tho country Goldaad is extremely lively and prosperous
Where else in thu country, for instance. would a town be called duh, . with
FOR instance an see - 4. own - ..asaS" rnsrst =. ~ mucS nuvauua sm sms or
along that thoroughfare that tramc is is almost impossible in places. At the
juncture Of Columbia and Crook streets our buildings are going up whoseag gre
gate cost is overs $4,000 o, employing in heir construction not fewer than 200
men. There is the magnificent new aoldheld Hotel of brick and stone, four str-
les high and covering a quarter city block. Across the street to the north is the
nw nearly completed News building m Of the handsommt stone structures in
the westerns country three stories in height, with a splendid full cemented and
pdastered basement 5oxloo feet Adjoining is the M0ntesuma club building uni
form in architecture and general appearance with the News structure. This viii
be the handsomest club building between Denver and the coast. Across the
up omn near ramsey Is 'e " c0mpN'eac urts an Ism building u
pressed brick and white stone. and on the two north corners II Ramsey and Col
the Nye and ormsby county bank is finishing Al ane a four story building as will
be found in the state and several other smaller pisces are going p OF Main and
the cross streets while not fewer thar 100 residences are being built in the vari
us outlying districts.
ooldheld is only dull in mi respect and that is in the matter of mining
stocks That there is little doing in this line is certainly no rejection upon Gold
field al a camp; it does not necessarily mean weakened confidence in Goldaeld
issues; it is only III natural rejection of the extreme money and market condi
lions in the East. There seems to be little o. n o money or any kind OF specula
zion or investment, ant naturally the mining stock market languishes; but even
then the strength in prices mi volume of business more than compares favorably
with other markets and other stocks.
It might also be said that there is lot as much activity in M hills as some
months ago. Last spring there was al epidemic o. leasing. Scores of leasing
companies were formed to operate promising ground. These companies depended
upon the sale of stock for their operations. When money conditions frightened
up and stock trading became almost nj. Of course the leasMs felt it m@tsh sharply
mont. This started the endless chain and business houses Of all kinds have been
the sufferers Only a few. those that AVE beer trying . do business .n a shoe
strnS' as Inc Saying Isl nave pen emDarIasseu y y tno iookeolo suln8ency
and after the inflated times Of recent months, it is greatly % the credit of Gold
fields business institutions, that SO few have failed to weather the storm.
Advices from the East, the past few days, are to the effect that the financial
clouds are clearing and that the return OF normal conditions may be looked for
within the next month. The markets in all stock centcs have been put low
enough to answer h purposes If the manipulators and . buying campaign will
soon be inaugurated. It seems to be understood that the banks throughout the
country will begin to loosen up within the mex 80 days. as the cropmovng ca
son will then be at al end. OF course, when money is set afoat, it will immed
lately sekt the channels IF speculation, and another geat bull movement viii set
in No part Of the country will feel the effect so soon as Godfeld. Mining stocks
are in great favor in the East and as sona st the bung is pulled ut of the money
barrels, Goldfeld stocks will again begin to move If this comes early enough,
Goldhed will ret see he great boom that was anticipated for a fall an winter
But in the meantime, GoMhed is all right and the fellows who 'standp pat"
through these soultryng times will come through the storm with flying colors
for Goldhdd is upon the map to stay I'M W have not lived to see he beginning
of it's greatest future