The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-04-17
THEY ALL AGREE

1Mosr without exception, the papers which are printed in that section
A between the Rockies and the Pacific coast are calling attention to the
enormou production If the mines If Southern Nevada, and predicting
that with such production another mining boom is very near-cann0t help
but matedanze.
The only point upon which disagreement might be found is in that
il vii not be a ..boom,' in the commonly accepted meaning of the word, but
thatth the new interest in and development Of. the mines of the state will be but
the natural outcome of the actual production # the mines and the new era OF
life thus based upon investment, rather than upon speculation, insofar a the
mining business car be apart from speculation in the most complete analysis of
the latter term
A well NOW and recognized as reliable financial journl-one of the
recognized authorities and news organs of the financial word-recenhy made
editorial statement to the effect thai in al businesses OF wncn mere are
known and reliable statistics there is a smaller percentage of failures in the
mining business than in any other ont class of business this of courser refer
ring to legitimate mining enterprises. Secretary canDrea'n Oh the Am@ican
Mining ongress n of the best posted mn in the west as to mining sta
cess o he honest, intelligent and determined operator han o'ner business
in the world. Tot only al to the percentage If successes recorded, u as TO
these same lines " . could quote ospasaoha'e ash'eres'u 1'an'.
many men who n whereof they speak, and who do not make SUI state
them.
such facts, then, take honest intelligent and determined mining operations
outside the common designation of speculation and make mining an I'm
vetment'' industry, whose returns are measured omS W inc ""ms NV" ss
which control and direct the investment of monies and the resultant opera
rbe enormous production with which Nevada is nov stirring the mining
world, and the extensive operations which are just beginning in hitherto neg
properties which must and will follow, rs surely as daylight follows &c
companies the rise If the sun, thus cannot b called a BOOM Os IS al
wakeninr - an arrival Past booms and exctements throughout the state,
and the few ticklnss of mother earth in the camps which are sparingiy scat
tered oerth h state have been but symptoms of that rsaiessnsss which pro-
ceeds awakening. Now. W are waking up.
m 81 n. most urominen. brokers of New York city yesterday stated
that Nevad is h greatest mining state in the Union. and that dimegardng
the fact that the state has not been SCRATCHED al yet tn develop
.nnt - ~ co,aaela miping district itself las not IS yet commenced. '.And
csuntry kicking themselves because they have not taken advantage o. what
~ Low prce Of stocks is offering them. and Of the great oncesionst the
Nevada mining men win nw give TO the man nc steps IN IL ready m0nes
fr tn development Of properties
wild story is in circulation in the east stating that aoldfeld is all
~. 80 communicated with the outside world las been destroyed and
uas promptly made wei the wires of the press associations 1t shows that
y. aSlnros.. q the bear side of the market we're quick to saze advan
80. ~ IN. sitnatdonLa N reap som benefits on te superstition that Goldneid