The silver state news. [volume] (Winnemucca, Nev.) 1907-1909, 1908-03-05
Says Booming
Sometimes Wins

Claude Sachs of Colorado Springs,
has undertaken to champion mining
booms as beneficial to the industry.
He does this in reply to a denunciation
of such booms by G. IL. Curle, which
was unonshed in the Mining and Sci
entifc Press.
Mr.. Curle enumerates the mining
blooms with which he has become famii-
lar and then says:
ssThese thirteen mining booms, fol
lowing upon the discovery of more or
less values, took without exception one
definite course. After an initial per-
iod of scepticism resulting from one 81
two of the mines III the district LED
to great financial excitement and to
wide advertisement. Outside promot-
ers entered the field, and capital pour
ed in; for one good mine worth twenty
worthless ventures were f1oated; the
shares, good and bad, rose to absurd
prices, and the facts became obscured
in an atmosphere of lying and brainless
optimism"
In reply Mr.. Sachs says: 1t is EVIL
dent that Mr.. Curle does not believe
that the discovery of one or two rich
mines in a new district warrants ex-
citemenr, speculation or optimism. 1t
is with this view that i beg to differ.
| submit that when proof of value from
one or two mines in a new dlstrlct
is obtained, those who have the oppor-
t~unities would be perfect ninnies were
they not to grasp the chance to ac-
uuire an ownership in as much or the
territory in the district as possible,
even though the cost might be out OF
all proportion to the visible values.
1t is a speculation of course, but one
reasonable enough when one remem
bers that in all of the boom camps OF
recent years, the obtaining of results
from the new camp has led to the dis
covery of other mines.
ssIn Cripple Creek the original dis
cobery was made by Bob Womack
He staked out the Gold King on Teu.
derfoot hill, and subsequently a score
of other prospects, scattered over an
area of several square miles. All OF
which were opened up. They have
yielded 800, 900 900 of which vast sum
the Gold King itself has contributed
a comparatively small sum.
"On the Tonopah the original dis
covery was made by Jim Butler, when
outcrop on Mount eddie and called
it the Mizpah. Although other opera
tors in this field has no veins to t ollow
their extensive development work has
resulted in the o pening up of a number
of rich mines.
Gin Goldfeld the original discovery
was the Combination staked out by
Myers and Murphy, The Mohawk,
Jumbo, Florence and others were all
subsequent discoveries. In Bulltrog,
the original discovery was made By
"Shorty Harris was far distant
from such properties such as the May
flower, Shoshone, Tramps, Homestake,
Victor, Goldbar and others. In these
latter properties, which have made the
district more permanently famous. are
the direct result of the discovery OF
the original Bullfrog.
"In Fairview, the original discov-
cry was float, because of which many
locations were made. The first loca-
ton has not yet proved to be q mine
but later p~rospectors op 4neo up the
Nevada Hills, Fairview Eagle, Eagles
Nest, Mespah and others. In Manhat
tan, the finding of ore on the Stray
Dog, located by Seller and Humphreys,
has been followed by the discovery of
more productive properties.
Sat various times the discoveries
made in the Nevada camps enumerated
has resulted in the finding of ore n
other points in the state such as Round
Wonder, Gold Mountain,
Rosebud, Lee. Seven Troughs and 9th
ers. In Cobalt the original find was
made by Mckinley and Darragh, who
the mine of that name. Since
then, a number of other mines, includ-
ing the Nipissing has been opened
up.
"To summarize, we find that in six
out of the seven recent boom camps
Cripple, Creek, Goldfeld, Bullfrog,
Fairview, Manhattan and Cobalt
more productive and valuable mines
were found after the original discovery
was made, while in Tonopah alone the
was discovery first, and even
here subsequent discoveries have open
up other mines.
"The district where one good min
is proved is the place to try to iii
another. History ~perpetually repeats
itself in giving proof of the fact that
one good property exists anoth
er is to be found, the speculative value
of the surrounding prospective tern
tory becomes Immediately and enor-
enhanced. That an increase in
these speculative values may be reason.
ably extended over territory of sew
eral miles from the original discovery
is ample illustrated in the ease of Grip
Pile Creek, Bullfrog and other camps
STATIONS Independent is three mile
from the cold Kink, the Montgomery,
and Shoshone is four miles from the
Bullfrog-and in other instan-
ces the distance from proved mines can
be measured in miles. In all cases
what may have been barren and worth
less mountains or desert space assumes
a considerable monetary value, which
in many case is on a speculative basis,
to pay.
Consequently when | see miners
turning their capital and effort towards
the development of prospective terri
tory in a new camp; when the investor
puts his money into the purchase of a
property or acquires an interest thru