Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1907-10-26
BROKER TALKS
Of The SITUATION
SAYS THERE ~ 4 GENERAL.
coon FEELING TOWARD
NEVADA.

Langley and Trimhle. returned yes
terday from a trip to the coast. and
considerable OF his time was spent
in Los Angeles and in San Francisco.
While We are suffering a season of
enforced quiet. and New York is in
the throes OF financial trouble. things
in our neighboring State have taken
on a roseate hue. To be sure San
Francisco is not in the best of con-
ditlon, but the immediate country is
a land OF promise fulfilled.
Los Angeles" said Mr.. Langley.
lis looking fine, and the conditions,
generally, are good The fruit crops
of southern California are exceed
ingly good and the market prices are
higher than they have been for years.
The tone of the real estate market is
particularly good. and the values are
well sustained. There are many i'm
provements being carried on by the
city and there are big changes under
way in the street railway lines. The
record for building is nearly up to
that of last year, and that was the
greatest in the history of Los An
up average above that of last year
, The stock exchange has caught
the favor of the public, and is with
! out doubt going to be success. They
have very fine building, and the
rooms are crowded at every session.
1t will undoubtedly make good when
. normal conditions resume. Los An
geles seems to favor Manhattan and
there is great deal of inquiry about
the mines of that camp.
In San Francisco one also hears
a great deal of Manhattan, and every
body looks to see it come bounding
to the front. The idea of two mills
going up appeals to the people, and
the prediction is freely made that
: the three which are now under con-
4 struction are only the forerunners of
many more to come.
!, "There is general good feeling
toward Nevada in San Francisco. The
people there recognize that the min
ing developments here have never
been as good as they are at present
Thy are strong believers in Tono-
pah and the future of her developed
mines. The majority of the people
I with whom | talked think that Ne
vada will be the next mining sensa-
ton, not only on account of her
great resources of high grade milling
! ore, but for the shipping ore, which
they are confident will be uncov-
cred.
Il stopped at Reno on the way
home and found that the feeling
there was very good. There were
g no runs on any of the banks, and
a the feeling regarding the State Bank
d and Trust Company is that it will
l. come out all right, and pay dollar
e for dollar l heard from one party
: that T. B Hickey had said that he
= himself would go to the rescue of
l. the banks with his private fortune.
THE present depression, while
e strenuous at present, will have the
l. best kind of an effect on Nevada Sc
n curities. All wildcats and doubtful
5. promoters will go down and out
d and it means a new era in mining
t, development, from substantial
y business point of view.
with regard to Wall street, the
conditions there are doubtless due
to the recent revelations of frenzied
finance. The expose of Ryan's trans.
action in buying street railway fol-
3 $2,700,000, and Immediately dispos.
ing of it to the people for $41,0OO,.
s. 600, has caused the people to realize
more forcibly than ever the present
I, conditions, brought on by such over
r. speculation. The worst promoter:
that Nevada ever had are as pupils Of
10 the kindergarten compared will
as these so-called kings of finance.
lie Il am not at all alarmed at thu
is conditions of the present in Nevada
think it was a wise thing to Close
a the banks by the declaration of ;
lie number of legal holidays. The banks
in are institutions for the convenienc,
lg of the public, and to maintain them
selves it is necessary that they LEM
We the money of their depositors out a
e, interest. 1t would be impossible 70
a any bank to return the money of al
re its depositors in day. They mus
Ill have time in which to get in thei
IT. resources There is no doubt tina
ag the State Bank and Trust Compan
ty will resume, and will continue il
IL business and pay dollar for dollar.
IS, The banking conditions all owe
:" the West are good. There is absC
al lutely no reason for any apprehen
nd sion. The action of the Governo
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