The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-03-28
GIVE THE LEASERS A SHOW

YEAR OF Q year n q nail ago, ooune "o NV
cupsd md the supply could not meet h demand Today there are prob
ably mo- more than 5000 people in GOldheld; onethird the working popu
huon is idle; probably 20 per cst o. me nousesa ~ once, .D many " '
stors rooms are vacant, and suhness is very quiet, to sy ne least
what's the natter What the reason for tism marked nansf0rmauon
Different persons have different answers Some say 1t Is due 70 'he general
financial Depression and lack of money. Others say 1t Is de 70 tne surie"o OF
labor strikes; sn others that it is thu stock market; everyon goe Droke on TINS
slump AM still the say that IS there are n % more new companies beng orme
in ooldneld and consequently no new money coming in.
All the reasons given have al atom Of substance bt IL appears 70 US 'nA'
there is still another, more potent than any II those named, ow view Is
.h.red INV manv 4 he cose observers and students of conditions.
Prom IL to Is months ago. a Juror set in for leasing scores of companies
vre formed TO lease upon every promising claim in the camp. Leases were
granted right and left to the eager applicants whose ambition nj cupidny lac
bmp stirred by III enormo successes Il the Mohawk and other leases. NO
- 49, 800. tns terms. tbe leasersc could see nothing but millions in sight
Stock buyersa al a distance poured their money into Godfed in almost hmities
quantities They were more han willing to take a chance without considering
the tremendous odds against them. They say only ne side Of the proposition
chances Of getting ore;a and after getting the ore they did lot consider the
transportation and treatment charges. the royalties and the numerous expensive
exacsions, to the benefit of the parent company. And above all they failed to
consider tn limited life II the average lease let here in TN eoidhea district
b mt IL was NOT long before 1t dawned upon the leaserst hat they the not
tive. from IN ane point; that. whit the limited time gven M IN h royai'3s
exacted. and with the treatment and transportation charges in effect there ws
little left to the leaser arah he got this re and in nine case ouS Of ten M ore
could no be located and reached within thu ne Of TN lease. fheh " vas 'ha'
lease aftr lease began to shut down, an nov that the strike is oera and the
camp free to go to work, there are rs plants of machinery dead pon IS many
shafts. Some of the leases have failed to resume because OF a lcH OF money
Others have none but will lot resume because of the hopseessness u finding
ore within the limited period left IF their leasehod; but all could get money and
all would 60 II work, If h parentc companies would only give he leasers a little
.sshow for their money by extending their time The shutdown OF these leases
has thrown hundreds Of men nut of employment; most Of them have oeen forced
to seek other camps and ooIdhed is left to suffer.
Tho fact is very evident to any ne who las tried leasing or who las made a
study n the system,th hat the Goldheld min owner requires more rigorous terms
Of lsmees than in any other mining camp in the county. v@y rarely a lease is
required As o cripple the operation o. Inc p'A~i. -" ~. -os~A 90
heavy, running from 20 to 80 per cent and after paying for machinery and the
bullion n collector get thu Test. 1t is estimated that the leaser gets lot more
han 10 per cont m tho average, Of the values 10 produces Herr Is an ilusra
ton:
When the shelters got to buckdng an refusing to buy AM pay for ore, the
Little Florence lease, n Of the richest and most productive IN thu district
mont resumed. that sampled so6 per- n When the accounts o N this shipment
Of re were closed mp they read as follows: mo ~