Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1907-12-07
EDITORIAL COMMENT
GOOD TIMES ARE AT HAND.

Now is the time for everybody to hang on, keep a stiff upper lip,
and shake off the bugaboo of hard times From all sources we have the
ing all over the country. This is not rumor, but actual fact It will
not be later than ten days when the clearing house certificates will be
called in, and the banks again doing business 0 n a cash basis On every
hand INT news Is more cheertul me opening paragraph OF the presl
dents message is one of the most cheering utterances of the times, and
the man who fails to receive encouragement from its reading is a hope
less case. Here is the paragraph:
mo nation has greater resources than ours, and think it can be
truthfuny said that the citizens of II o nation possess greater energy and
industrial ability. In no nation are the fundamental business conditions
sounder than in ours at this very moment; and it is foolish when such is
the case, for people to hoard money instead of keeping it in sound banks;
for it is such boarding that is the immediate occasion of money string
ency. Moreover, S a rule, the business of our people is conducted with
honesty inc proDHyf ana TINS apples ahke 10 farms INC acuorls 10
railroads and banks, to all our legitimate commercial enterprises.
The best proof Of the Improvement in the financial situation is the
fact that we are able to set money out of the banks. In San Francisco
the banks arc paying part cash and the balance in clearing house Ger
tfcates- If a man needs. the money very badly he can get all cash In
Los Angeles the same condition prevails.
In old Tonopah this condition mas always obtained. There never
has been a time when money would not be paid at the banks upon the
presentation of a check. This camp has been unique in this particular.
for nowhere else in the United States. perhaps was cash paid in unre-
sticted amounts
This again shows how Tonopah stands and it shows also better than
anything else how rapidly the conditions in the east are improving. Last
month the majority of the mines paid off in cash; all except one, in
act pt II wa by hrd digging ht TN companies ucceede IN
getting the necessary money. 1t was a little here and a little there.
The companies had the money all right enough, but the question wa. to
get the real cash. This month there has been no such trouble. Last
Mining company, and the money for it did not arrive until the day az
ter This month the money is already here. There has been, apparently,
no trouble at all in securing the actual coin from the banks.
There will be disbursed in Tonopah Tuesday in the nighborhood
of 100000, more money than has been paid out here in many a payday.
This will be hard cash. and will be put into general circulation. Before
the next payday rolls around the difficulty of raising money will have
disappeared. and there will be greatly changed conditions in this coun-
try. The people throughout the east and the middle west are waiting
until the financial stringency has cleared up and the labor disputes
settled, to come in again to this field, in Los Angeles there is plenty Of
money for speculation in stocks and properties. The day Of the wild
cat has long since passed, but for legitimate mining and legitimate Sc
eurites in this country a nw day is dawntng, and after the first of the
year, we will see a revival and one of the greatest markets that has
ever been witnessed in this o any other country.