The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-05-01
THE NEW NEVADA

H NEW NEVADA
HERE is o only M condition that is operating to hold back tho
longspeHsd revival in Nevada mining and that is a condition ovm
I which Nevada "a but little control; the depression in business through
out the country.
Some months age, it might have been said with some reason that stagna
ton in Nevada mining was due to conditions inherent to the state; that Ne
vada wa lacking in laws; laws u protect the stock buyer against tn swind
las; the deposition against unsound and crooked banks and bankers; the mine
we had & plethora Of stock and a paucty Of ore; a big crop o. adventurers with
a scant number Of wenmesnng mining men; too much speculation and too
little mining 1t = . time Of madness in money and morals
For years Nevada had been the derenct among the states Of the Union
It wa the outlaw stats-a state that raj a law unto itself. where ncense wink
ed It crime and the only penalty was that which mar meNd ot to man It
as practically the only frontier state left the refuge Of the outcast and the
cutlawed, n here they found a haven unmoleshd by law and convention
Naturally when the gold excitement broke u thigh finance found Nevada
IN advantageous field from which to operate, and for a time W had a whiri
wind Of fenied finance. It was here too that the ouhawed labor leaders,
driven from Other states because Of their vicious methods found an open aad
Ct operation; and the abundance of money and the richness 4 the goldaelds
only encouraged them in their desperate ends The laws to protect life and
property were lame and the courtsh hating. The aHenao Of me entire woaio
vas called TO this fact, and to the the fac. that where the local authorities
were unwilling the state authorities we're unable to maintain law and order
became. 4 ! lack Of police power. Such conditions existed in no other state
in the union.
but what 4 change as been wrought within tho past 12 months. Whether
II Is thu levi Of thu nw population or tho awakening Of the public con
science and good business sense Of the people. cannot be said-prooa0dy
both; nevertheless Nevada within the past II months las roused nefsen *
= sleeping giant and With n sweep Of her budgeon las destroyed all thu
forces fol vii which had brought disrepute o the tate and dscredft m
consequent calamity to her people.
whichi Immediately restored peace in evezy turbulent community. The law
ws passed at N extraordinary session 4 the Legislature and aftsrward tn
peonle confirmed h law through popular vote. This was nj a year OF more
Az. and xnce which time there las nt been . labor strike OF a serious dis
pute Of any importance within the entire state.
The legislature reaassmhled on January Of this year. One Of the first laws
passed was nat which, brought the operations OF mining corporations within
N close scrutiny of the law. NonTesidents had been neeced 4 millions Of
dollars through wildcat mining operations under owe Of charters issued by
the state and under laws that legaized crime The legislature passed an
anttwid cat lw which win insure the investing public protection and so
far a he law can guarantee II, money spent for stock will be used for pr-
poses claimed. While the law is lot all that it should be. the intent was cer-
taiuly there, and If the lay is rems n anything. it is in its too great sever
,y. But its enactme shows h at the people of he state are thinking right
AMI intend to place Nevada upon a higher moral and business level
again te banking laws OF the state have been a disgrace to tn po-
pie and o their rrerev1ble loss. Among the other saiut1y enactmsnts # the
last legislature was that of a banking law which. in its every line and
letter meet the most advanced ideas in banking legislation The Nevada
Of u. various states, and with : banking board that VIII inforce lot only
thu Letter Of III law but carry nut iii spirit, aso.N Nevada should never again
havs : repetition II the scandalous bank failures II the past Is months that
NEARLY ru,raa many communities In tn state and brought shame and disgrace
10 or door m banking board Is . working board and it intends % do every
thing the law requires and many things the law permits in bringing he bust
ness 4 banking 70 ! sound and IN basis There i scarcely . bank in the
state that had been living mp 70 tn requirements Of the nw banking law,
- IL nay . said that Altar > reasonable time for adjustment everyb bank in
IN. stat WIN ~ living Within h new banking law or close its DOORS
And il should b. aid while speaking Of tn moral uphfnnent In Nevada
hat = ~ goingo o. fr ~ past year that in n particular more thar in
III passing Of m antCambnns law is the sane ~ sober ssns Of the peo-
ps Asserting tssn. opsn gambling. Characteristic Of tho lax methods and
mm,l. Of the old Nsuda. = doomed and before many months arr gone this
c.rn. an ~ budnsn ana social life win have been rdsgatsd : the past
,,ops vim ts wndcas bank and mining company and the wnd-sysd labor
adtator.
=. 80 - IA been . period Of housecleantng with ON people and
e- ne~ - 5 Nsw Nsvada wn take Ter place among the states whore viz
- d morals ana business y Tho brightest jewel in > states sscutchson