The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-09-19

-, m;ningj is the most legitimate, clean.handed work in
II . can engage. In gold mining, success is not keyed
s.uure somewhere else. The gold miner does not mount
tim upon the ruin of something else. He wins his
~" nj without depriving any other man of a single dollar,
V. u;ns il without manipulation, without ehicanery, with
..rord TO the general state of the country, the condition
..so,s or the operations of the immutable law of supply
demand. He is the one man among the worlds workers
=" !. immune to panic, regardless of prosperity, and who is
- in the production of something which adds directly
:, world,s stock of riches. His production is not accom-
's.hed bv depicting some of Earth's natural resources, and
.m.,ket for his product is always uniform, undertaking
- aimee of gold he produces commands at al. times and in
= ...e the uniform value of $20.67; and the value of that
"f is the standard by which all other values are meas
ued.
..hss not upon the fuctuating values of something the world
am.nds. some article of staple consumption, or upon the
.ah.ble quotations to be made upon stocks or bonds repre-
ting intrinsic value. The only gamble connected with his
vi Is the chance of finding gold in the place where Nature
,uaated il. Upon that chance he stakes his all; but it is a
'..imate chance, depending not for success upon any power
s.o,trol vested in human hands. "Gold is where you find
=, ..;d solomon in one of his proverbs; and it is the chance
ssna;no cold in one of Natures hidden treasure vaults that
hires men on to search for 1t.
once one of these hidden treasure vaults is tapped, the
ala miner enters upon a career unmatched for straightfor-
s.rlness. Only must he dig, extract the rich ores, send them
i mill or smelter, and have the precious metal content con
.tod into com IL II uONeTHueHt MnIS u e MS r1cneS
IL nm When success crowns the search, the gold miner can
i've needless of fire or famine, panic or prosperity, of all
tipcst that form rules of life and conduct for other men. His
wealth is secured where thieves cannot break through and
teal where flood or drought cannot injure, and where mar
hot manipulations cannot take from or add to it to the ex-
gut of a single dollar. In times of panic ne can count his in
ome as large as in times of greatest prosperity, and when he
has associated with him others, either as individuals or in the
form of a corporate organization, his dividend distributions
can be as heavy at one time as at another.
And, commonly, once gold is found in the ground, these
Eyidend distributions are of enormous proportions, because
| a profits from gold mining are tremendous. Take Florence
sdfeld, for example. This gold mining corporation began
aying dividends at the height of the panic last year, and in
l. months has distributed $4200 900 to shareholders, besides
having expended $225,OO in mill construction, and accumulat-
ing cash surplus of nearly $700,000-total profits in a year
d~s3OO,0oO, or more than 100 per cent on the capitalization
dte company. The great Camp Bird mine in Colorado, the
imndahon of the enormous fortune of Thomas +. Walsh, is
paving regular dividends of 10 per cent on a capitalization of
100000. STATIONS Independence, of Cripple Creek, has
paid corporate stockholders more than 100 per cent in divi-
aMs besides having endowed its discoverer with a fortune