The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1907-09-27
Cleveland Man Declares Camp to
to be Wonderful and Pros.
poets Magnificent.
DISCUSSES RECENT SLUMP
Copper Should Sell at Twenty
Cents to Benefit
All.

Frank G. Mitchell of Cleveland
Ohio, who made trip of inspection
over several of the large properties
of the district yesterday, is delighted
with all that he has seen here, and
predicts a great and brilliant future
for the camp and for the entire dis
trict.
Mr.. Mitchell came to Ely in COM
pany with Frank Straub, general
manager of the Pittsburg Ely Cop
per company, and was shown the
sights of the district by Mr.. Straub
During the course of the day Mr.
Mitchell saw the Giroux, the Boston
Ely, the Federal Ely, the Pittsburg
Ely and other properties.
II am well pleased with all that
have seen," he said after his return
from his trip. This is a wonderful
country. / just came here for the
purpose of taking look over the
camp and am Wen paid for the time
| have spent.
my impression of the camp is
that it is one of the most promising
in the entire country 1t is the big
gest thing | have ever seen for a non
producing camp, in all of my travels
Ely certainly has a bright future
This district will be a big one.
cannot Sc why it should not. If the
big corporations can put millions
dollars into the ground and make
people who cannot do so ought not
to have money. It's there to De
made.
a1 hn c1 nd Of
feet on the camp and the district
Well, l look at it like this. This is
my business view of it. 1t is well
known in the east, better known
there than in the west, that there is
no over production of copper. This
recent slump was manipulated for a
purpose, for the future benefit of the
big producing copper companies. Such
companies l mean as those in Butte
and in Michigan. The slump aad the
consequent reduction of their ont, ut
will give these companies chance
to weed out lot of men who have
made demands, and in order 20 pre-
vent meeting these demands which the
companies feel are exorbitant and rn-
juee in many cases, the s.cmo as
manipulated. That IS their sclt-lhade
excuse. for the slump.
81 honestly believe copper never
ought to be more than 20 cents per
pound. The producer can make good
money at that price, if the price is
kept at staple figure I think that
copper at from 16 to 20 cents is
about right for all concerned. There
should be certain margin of fluctu-
alton, but it should never pass either
figure. The fluctuation would then
not be sufficient to cause any harm
either way it goes, and it would ben
eft the greater number of producers.
I believe that copper is at speculative
figures when it is held at more than
20 cents a pound, and exceedingly
high prices do more harm than good
for there is bound to be a reduction,
such as is now being experienced
Copper sold today at 15 cents
and I believe that the situation is
rapidly clearing up, and a normal
basis will soon be reached. Even at
Is cents the producer can double the
money invested in the production
and that in itself is fair margin OF
profit"
Mr.. Mitchell will leave this morn
ing for Reno and Goldfield and will
then go to Colorado to look over vari-
Gus properties in the Centennial
state in which he is interested.