davidaulloa/AmericanStories huggingface dataset:
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-09

with the crisis passed there will he
a rapid return OF confidence. The pre~-
ent financial stringency. or panic, will
prove Of immense advantage to the
country at large. Speculation has be-
come so wide in its scope that a sober
ing influence was absolutely necessary
to bring the country to a realization of
what might occur II things went on as
they were. I look for a gradual and
complete return of confidence and before
the end Of next week a normal basis
will be reached and that a condition of
the greatest prosperity. along sane. safe
and conservative lines. will place the
country on a firm financial footing and
in lire for a period of the soundcst pros
perity.
TN regard to the local situation, I
look for a rapid Improvement in bust
ness. with a broadening stock market.
I do not think anyone will. Of necessity.
lose a dollar through either of the two
banks that are closed. These banks
will reopen In a few days and I expect
that there will be a rapid return to the
old conditions. when one in unlimited
quantities was available for the develop
ment of meritorious mines. leases and
prospects in the Goldheld district. With
the return to normal conditions the
enormous production Of ore means to
Goidheld. Nevada and to every industry
therein"
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-09
MUST BE NO "HI0H FINANCE" IN BANKING

= N THE interval since the two local banks closed their doors, much anxiety
has been felt and muc speculation INDUCED in as to the kind and valueo Of
the securities held by these banks. as against the money belonging 10 de-
podtors which had been loaned upon them There is . strong belief among
e carry Of large enterprises and specuations more o. less hazardous, and that
personal totes Of omeers and stocks and bonds OF their companies will o found
among the assets Of these banks, whom their securities are carefully examined.
Whether this b s, . few days will tell. Under or present banking laws
which,, by the way are n laws a all, there Is nothing to prevent the omcesa and
directors II q bank loaning all their customers money 70 themselves; and It is
have taken long chances with their depostDGs' coin, when the principles Of
sound banking would not permit Opportunities for making big money in Ne
vaa are numerous and anudng and some Of the banks. we fear, have permitted
themselves to be drawn into the whirlpool Of questionable speculation, which, on
alargers SCALE. but involving the same processes, Is called among tn richer and
more respectable rascsh Of Wall street, thigh finance"
The peculiar operations which are popularity grouped under thu term "high
finance are wholly speculative. In able hands and under favorable conditions
hands Or under nfavorable conditions they bring ruin. Banking" is thu care
and investment Of other peoples money. It is q fduciary trust Of the very high
est character. It Is safe only in the hands o. conservative men OF the very high
et honor and the suictest fidelity. No man who las rapidly acquired wealth by
brilliant speculatons should ever 10 trusted as a banker with a dollar Of other
peoples money. He is morally certain to continue his specuations and sooner
tratedi in the case Il tho Mercantile National ban II New York. This bank,
m time ago, fell into the hands Of speculative men, doubtless by purchase of a
controlling interest. Among the purchasers were the HeMze family, the great
copper miners and spectators, and Charles w. Morse who got rapidly rich by
brilliant coups in h Reorganization of Atlantic coastwiseI steamship companies
They bought that very prosperous bank with about s11OooOoo deposits Evil
posts fell of amazingly Finally the bank got into trouble. and as is almost in
variaby the cas- in such circumstances it was found that loans had been made
o securities in which tn omcers were Interested and whose value was rapidly
declining. Tho clearing house took charge of the institution before the bank en-
thAy failed, and the first thing done, vas to force the resignation and complete
withdrawal Of Morse and the Hetnzes, and they had to resign from every other
banks, and n wise nan will vm deposit a dollar n a bank controlled by men
who are known as SPECTATORS ''reorganizes' or promoters.
It is hoped the present c1ssw will b he beginning of a new era in banking
in this state, and that hereafter W may have more safe and sane finance
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-09
KEEP THE MONEY AT HOME

II T WOULD seem as If III postomce department at Washington were working
an unnecessary hardship upon the Goldfeld district in requiring the local
i postomce to ship out tits CONT to San Francisco as fasta it might come in
Just now, with the two banks closed and q natural uneasines among the
people, they are sending put Of camp their earnings and savings as fast as they
IAN, through postomce and express orders Heretofore, money received for post
ONCE orders was kept in the vaults Of the local ONCE, 70 meet orders from tho
outside payable here. With tn money being shipped IS last al it is taken in
the poHomce is reduced in funds to meet orders payable n Goldfeld. Within the
past few days. the local postomce sent to San Francisco a surplus # about 500,
600 In cash.
With local banks closed and the me still open refusing to take checks on
outside banks except for collection, much money is coming into Goldhed in the
shape II postomce and express orders. instead Of by check and drafts as Storm
eHy Should thu orders payable here exceed those bought and drawn in Goldfeld,
the holders would have to watt until money could 70 brought In from San Fran-
CISCO % meet their orders Orders payable hre will shortly far exceed those 60
ing out as the local scares subsidies and confidence in local banks is restored; and
the localp ostomce should be permitted to keep a reasonable reserve o. hand to
meet the demand, and not compel holders of notes 10 wait until the money
shipped nut Of Godfed might be returned.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-09

fs panic Of iss made Cripple crssk, Which was booming IN 1855 and he
panic Of 1907 win make ooidasA boom tie coming yssz. ne bsn yin cone
sooner afr this panic than In the other case. fz there Is morsm money n the
country than then
Listed oodnsd stocks present . quicker and surW way II making money
than In Other known msana ocldndd II producing twics more ore than e this
time last year, and prices ae less than half what they we're then Ts censoi
,dasd II paying about 80 Per cent Per annum ou tn present selling price and the
speculative margin IL offers is 1t least 100 Per cent within the nsxt year. Flor
sncs is not paying dividends At present but IL has the better part o q million
dollars in the treasury; the mine hs millions Of ore blocked out. and the COM
pany 10 receiving upwards " $4,000 par month royalties Of lsassA II Il also
completing . large mill for he treatment Of its or& The management IL con-
sentative and IL settled policy las been rot % begin paying dividends until It
has its min In operation. This stock Is selling FOR about a hftho Of the amets
|H actually hs in sight Other properties might be cited which OFFER proportion
ately rood nvsstment The normal production Of 0odn6d II the semtus could
handle III ths ore offered, would % upwards of . half million dollars PEI week.
The production reached higher than that before III shutdown, and when the
samplers and snsltms are again taking all thu ore offered the output win reach
nearer three quarters Of . million weekly There IL n % othr community in the
United States evsn three OF four times larger than 0oldneld, that IL producing
as much NOV wealth, md ooldnsd viii be the quickest community in the country
70 ecove when financial conditions begin % eae mp The nan who Ii wise In
his day win investigate the opportunities offered BY this camp e this time. and
will la tn Foundation for future and quick fortune, by investing tntenigenty
in 0oldnsh stocks
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-09
BUSINESS MAN TURNS ROBBER

him as an upright, enterprising citizen.
Cripple has made a confession to the
sheriff in which he is said to have given
some aluable information concerning
several recent robberies. although he
maintains that Wednesday nights affair
was the first in which he and Kline were
implicated. 1t was believed by the
sheriff and others that the two men were
the authors of the Gardner mill robbery
about ten days ago but Cripple declares
they had nothing to do with that affair.
although he is said to have admitted
that they knew who did the job and to
have given the sheriff the names of the
robbers.
Gipple also declares tina the robbery
of the reduction works was planned by
Waterman Jones, employed to guard
the mill. who told them how easy it
would be to steal several thousand dol
lars worth OF amalgam, without danger
of detection. He says hat Tones took
them to the mill and showed them the
plates and then left them to make the
cleanup. which they were engaged in
doing when the officers appeared on the
scene. Cripple was formerly employed
by the Tonopah & Goldfeld railroad as
assistant agent in this city. and also in
the local postofice. His previous rec
ord is good.
Kline came to Goldfeld from Belling-
ham. Wash, about eighteen months ago
and opened a jewelry and drug store.
He did a good business and was re-
ported to have amassed a comfortable
fortune. He leaves a wife and two
small children in Goldield and a
mother, sister and brother in Belling-
ham. According to Cripple, Kline had
been in the habit of receiving amalgam
and shipping it to the mint taking a
commission for his work. He had an
assay outfit in the rear of his jewelry
establishment, which was not known to
the public generally.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-09
ST. JOHN, LABOR LEADER, SHOT

Vincent st. John, the labor agitator
and leader of the socialist element in
the local branch Of the Western Fedora
ton of Miners, was shot by Paddy Null
laney, also a member of the Miner
union. during an alteration over labor
matters last Tuesday night. The shoot
ing occurred on Main street early in the
evening. st. John was hot twice in the
left wrist, the bullets shattering the
bone, and once in the right arm John
Tenant. a miner, was struck in the
right leg by a stray bullet n another
wild shot from Mullaney's revolver hit
Robert Kelley. a carpenter, in the groin,
infiicting a slight wound. Mullaney was
arrested a few minute after the shoot
ing and locked up in the county jail.
Tenant is seriously and perhaps fatal
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-09
LOCAL MEN AT SEVEN TROUGHS

j.. j. Jones. manager of the Hayes
Monnette Development company. has re-
turned from the Seven Troughs district.
where he went last week to inspect the
work Of the Mazuma Hills Leasing COM
pany, which is controlled by the Hayes
Monnette people. The lease is on the
Mazuma Hills property, within 100 feet
of the company workings where John
Harnan has millions of dollars worth
of ore blocked out. and has 400 feet Of
the same vein. The shaft is down 125
feet and crosscuts have been driven on
the SO and 100-foot levels. They are
sacking ore from the lower level where
they have two feet of 800 ore. The
ore so far is oXidized but the shaft is
now entering the %sulphide zone where
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-09

v. L. Kline. a business man of this
city. proprietor of a combined jewelry
and drug store. was shot and fatally
wounded last Wednesday night, while
in the act OF stealing amalgam at the
Nevada Goldfeld Reduction works.
Ralph s. Cripple. Kline's accomplish in
the attempted robbery. escaped by
jumping from a second story of the mill
but was captured at daybreak at the
house of a woman friend on Sixth
street.
The sheriff had received information
Of the plan to rob the reduction works
and planned a trap for the robbers
When Kline and Gipple arrived at the
mill, a force Of half a dozen deputy
sherirs was lying in wait for them but
they were not challenged until they be-
gan to scrape the amalgam from the
plates. While they were thus engaged
Sheriff ingalls, called upon them to sur
render. Kline wheeled around with an
automatic revolver in each hand pre-
pared to shoot but a volley from the
guns in the hands of the officers. ended
his attempt at resisting. a rifle bullet
passing through his head. Gipple dashed
up the stairs and jumped through a win
dow. landing on a pile of broker machin-
cry, twenty feet below. BY a miracle
he was not injured and dashed across
the mill yard, followed by two shots
from the revolver of a Waterman h
was on guard outside.
Kline was removed to the county hos
pital and although the doctors said he
could not possibly live. he fingered with
the brains oozing from the wound in his
head until 7:15 o'clock yesterday morn
ing.
The discovery that Kline was a rob
Der created a sensation in Goldfeld. on
account of his standing as a business
man, for while the authorities had for
some time suspected him of being a
fence the general public regarded
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-09

the values are expected to run much
higher.
MT. Jones says the Mazuma Hills is
a wonderful property. The first car of
ore shipped by Harnan, averaged $2,360
a ton and paid for the mine and all the
development work to date. They are
now shipping another carload of ore
that will run $50 a ton.
Billy Mackay, general superintendent
OF the Mackenzie properties in his dis
trict' has a lease on the Seven Troughs
Eclipse ground and is sacking ore from
the surface. Mr.. Jones predicts great
Things for the Seven Troughs country
although 1t is a little quiet there just
now on account of the financial strin-
sency. which is felt in the northern
part OF the state even more thar in this
section.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-09

George w. Morgan returned from a
business trip to Phoebe yesterday morn
ing. While there he took occasion to
make a trip of inspection to several
properties as the guest of Ed F. Freu-
denthal. He was highly pleased with
what h saw and he expressed the opin-
ion last evening that the camp was 60
ing to be the next one to attract wild at
~tention.
..Tn tell you right now" said Mr..
Morgan, that the mines of that camp
have certainly got the ore and lots OF
1t. The trip with Mr.. Prudential was
an ~eye-opene to me and I am glad that
I went down there. In addition to look
ing over the mines, l sized up the town
with an idea of opening up a big cafe
there. and while / reached the conclusion
that 1t is a little early to establish such
a place as I contemplated. there Is no
doubt In my mind that the place will
boom before long.
..Quite a number of big mines are
clustered right around the town while
there is a tremendously rich country
within a radius of fifteen miles of the
place. every particle of which will be
tributary to the main town Of Phoebe.
Splendid producing mines are found for
long distances around the camp and new
mines are rapidly being brought to the
heavy producing stage. 1t all looked
good to me. There is a large number OF
men employed in that region now and
there will be a great many more during
the next few months.
"Mr. Prudential has some mighty
fine properties in that section and he
stands to make n great fortune there.
He is one Of the biggest hearted men in
the country, and he deserves all the
good fortune that is sure to come to him
as the result of his lifetime work in the
distrjct."-Sal Lake Herald.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-09

ly, hurt. His leg was amputated above
the knee and as he is an old man. it is
feared the shock may cause his death.
st. Johns wounds. while painful, are not
regarded as serious, unless blood pois-
oning SHOULD set in. He was armed
with a big revolver but did not use it.
st. John Is the leader Of the socialist
element of the local Miners union and
Is the chief disturbing element among
the miners. He had been indicted
among others, for completely in the kill
ing of one Silva. a restaurant keeper.
during the labor troubles last winter,
but only recently the indictment was
dismissed with the understanding that
he leave camp. Mullaney was a leader
of the conservative element, and be-
tween the two bad blood had existed for
some time.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-09
Continued from Page one.)

Ormsby bank. President Golden who
arrived in Goldfield Wednesday says the
bank can pay 1929 cents for every dol
lar it owes, not considering the stock
holders. and $1.1s for every dollar, TAX
ing care of the stockholders as we'll as
of it's creditors. Mr.. Golden fled a per-
sonal indemnity bon for sS3, 900 and
secured the release of the attachment
levied on the bank by the ]. H. Mac
milan company. The arrangements for
resumption must await the completion
of the examination of the banks affairs.
which is being made by the state bank
examiner. The bank examiner will
have his report ready In a few DAYS and
the depositors will then be asked to sign
the agreement that will enable the bank
to reopen at once.
Following is the report of the condi-
ton OF the agency Of the Nye & Ormsby
County Bank at Goldfeld. at the close
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-09

OF the big mines on the Comstock. in
British Columbia and in Idaho.
Mr.. Hampton has been chosen for his
present position because of his thor
oush' practical knowledge Of mining and
nis experience In handling big PROPOSE
'ons. He has a reputation for getting
ou' ore In quick time and at the same
time adhering closely to the rules of
GOOD. safe mining. As a superintendent
ot mining properties. he is said to have
rev equals and no superiors. He will
nave fuil charge OF the underground
Workings Of all the mines in the Con-
solidated group.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-09
NEW MANAGER ron TIE
ooLDTIELD CoNsoxIpArED ca

f. Hampton. a mining man of wide
experience In the management of min
ing properties. has been appointed gen.
eral superintendent of the properties of
the Goldfeld Consolidated Mines COM
pany. Mr.. Hampton. who is about 90
years old has spent the greater part of
his life in mining operations and has
had charge of some Of the famous pro-
ducers Of California. including such well
known properties as the Central ru-
reka. the Utica and the Oneida mines.
He a also been connected with some
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-09
JONES TAXES ovE1 TIE OLD
WATSON LEASE ON HIo1EXCE

The Florence Gem Leasing company
has been Incorporated by the same peo-
pie who are the controlling spirits In
the Florence Annex. and has taken over
the old Watson lease. which lies be-
tween the Florence Leasing and Mining
block and the main Florence workings.
The original leasers abandoned work
two years ago. after sinking a shaft to
a depth of $50 feet and getting assays
as high as $50 a ton. Mana ger Jones
believes he has a good chance to get
both the Florence and Jumbo veins In
the lease block. The lease runs for six
months. The company is a close cor
poration and there Is no stock for sale.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-09
GoLDFIELD WILL BENEFIT BY THE PANIC

n HE PANIC through which thu country is passing just o is 10 viewed
with alarm by the soundest business men, On the contrary is looked
upon in the light Of a sort OF medicine or uniment that is taking the alb.
normal and acute swelling ut 4 business They point to the fact that
there is IS much II lot more money in the country just now, than ever BEFORE nut
here has been to- much credit and consequently toe much imitation Of prices
This furry is bringing business and prices back to a normal basis and hereafter
We will know whore " ire at in the psrance of the day.
In the Light Of past history, the panic in the east win eventually prove a
blessing to 0old6ed and other mining camps Of Nevada. The ami 4 1878 made
Leadvins for within . few years afsr it was booming. People Il tina east Who
lost their money through shrinkass Of railroad and industrial securities, turned
70 mining investments Al the quickest way to rscoup their fortunes
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-09
LET THE LEGISLATURE BE CONVENED TO
ENACT ADEQUATE BANKING LEGISLATION

r n VIEW Of tho lame and totally inadequate banking laws Of this
state, 70 believe It would be q wise move on the part Of Governor
Sparks, 10 convene the legislature In extra session, that some decent
banking laws be passed. Nevada never had any banking laws at all
before the last session Of the legislature, and then . patch O two were
mt O. the statutes that werem made to stand for . banking code. Now
would be q excellent time for the assembly to como together, while the
question is uppermot in the public mind and the people ae studying the
banking question. The laws that were made on this subject last winter
were made NOR for the protection Of insolvent banks; now let us have
some laws To- the protection Of the people.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-09

A0DUXD MO ~ N V1W0
ADRIAN, MICEIGAN-Seager 4 Smith. -
BOSTON, MASS-Geo. I. Moulton. 2446 MIX Street
BUCKSKIN. NEv-Mrs. d. W. Cron
ceHIcAGo. ifTEL-P.:o News CO.. No. lis Dearborn Street:
CLEVELAND, OIL g. Pushaw.
DENVER. coLO-Kendrck Book and Stationery Co.. No. ss. nth
Street; Scotia Book Store. 430 18th Street; 8 Rice
Ell PAsO. TExAs--F. r. Stanford.
GOLDFIELD. NEy-Louis Polin. corner Crook n MAIN; 1scnett
Cigar Stand. Main street; -Postomce Newsstand; the Navajo.
corner Columbia and Hall: M 4. Bain-
KANSAS CITY. MO-YOmaN News 9h n Main Streets
Los ANGELES. CALI. E Amos, No. 54 West It'll Street; 1. {.
Doubleday; Alexandria HOTEL Bldg. 22 w Fifth Street
MINNEAPOLIS. MINN-M. J Kavanaugh News STAND. Third l.
NEWBURRY, paw. H Kunkle & Co.
NEW York cITY-Hotanng News Stand. Broadway and ssth SITS,
No 1 Park Row.
00GGDENi HErSSH AL. = Bros. NO liz 2sh street; W. A. Taylor.
OMAHA NEB~Megeath Stationery Co.
PORTLAND, ORE-Oreg0nN News Co. No 147 6th Street
RHYOLITE. NEv-H uvtngston.
SACRAMENTO. CAL-Amce News Co. -
Co. Cor. Market and Kearney: United News Co.. II Eddy
St: World News Co, 2s5 Suffer St.; Ferry Building News
Stand; Amos News Co
SAN DIEGO. CALI. E. Amos
SAN JOSE. CAIA-San Jose News Stand. 123 N First st.
SALT LAKE CITY, UTAH-Rosenfeld Ludwig 49,. .u.au.
Acme News Co.; Amos News Co; international News Agency.
SPOKANE, WASH-The Wide World News Co. 117h Post ST.
ST. PAUL. MINN.-N. St Marie. 96 E. Fifth St.
TACOMA. WASH-Central News Co.
TONOPAH. NEv-A H. Rounsevell
VANCOUVER. B. C-B. C. Newspaper Agencies
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-09
e r AND ANSWERS

Subscribers are welcome to the uss Of this department. In asking
erty, omcers. etc. to assist In or investigation. AS 1t requires much
time n correspondence. often to elicit the desired information. and ~
the demands upon this department are very heavy subscribers will please
exercise patience. and allow for two or three weeks time for answers
No answer by mail. ~
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-09

The Copper Glance Mining company at
Luning. which is controlled by r. 3.
Todd and r. L Toplitx of this city, is
arranging to grant leases on it's prop
erty. Several applications have already
been received.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-09

TURE AND HOUSE FURNISHING
GOODS IN GOLDFIELD AT LOWEST
PRICES. CHICAGO FURNITURE CO.,
424 MAIN ST.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-09

EVERYTHING MARKED IN PLAIN
FIGURES AND NOT MIsREPRE-
sENTED AT THE CHICAGO FURNI-
TURE CO., aga MAIN ST.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-09
BANK SITUATION HOPEFUL

OF business on the 23d day Of October,
1897, as made to the State Bank ex-
aminer: