The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-10-23
Dividends the True Test

- lSTRIBUTION of dividends amounting to $1,265,O00 by three
mines of Goldfeld within the next ten days as profits to stock
y holders for three months is convincing evidence that Goldfeld
is getting itself into a position as solid as the rock OF Gibraltar, anc
where nothing is in sight to halt a steady stream of gold from pouring
into the Golfers of stockholders and the commercial channels OF the
country, at least the same rate o + perhaps a material INCREASE IN the
field while the n of readjustment was under way, and it must be
acknowledged that the camp has suffered greatly from the work OF
the defamers. but they can now gaze at the golden horizon and see the
finish Of the battle in which the banner of Goldfeld floats VIGOROUSLY
in the breezes.
Search the records of history as one may, and nothing can be
found TO equal the marvellous work that has been wrought in the I'M
foldment Of the riches of Goldfeld. Damned by recklessness and
swndcatting'' in its early history, then cursed by industrial strife
that threatened for a time to wreck the camp and bring ruin to every
me who had invested in the development Of its resources, and tins fi
low.d by panic and industrial and financial stagnation throughout the
country. Goldfeld has remained undaunted and perservering under
the manifold difficulties with which she was confronted, and has work
ed out its destiny along sturdy lines until 1t IS 10Y the grant among
al. the gold producing camps OF the world
This upward climb has taken nerve, money and sagacious opera
tion. and IL is a credit to the sterling citizenship OF those who have
directed the battle that such wonderful results have been attained
AGAINST the almost overwhelming difficulties that were encountered.
In it's darkest days the defamer and critic were more active than
a swarm Of bees gathering honey or sinking their aarts INTO some
wlthino unfortunate who had become the victim OF their attack.
lumns and welts were raised in appalling array on the body OF Gold
field. and vet she went determinedly onward along the road that des
tiny had mapped out for her.
Now the change has come-transformation from uncertainty IS to
tile results that might be achieved has taken place, the chrysolis has
mfolded and given to the astonished world the brightest star IN IN
armament of gold mining. While the regeneration is not yet complete
it is nevertheless a wonderful and most gratifying one. me roo
to continued greatness is clearly defined, and it will be followed
without deviation r interruption until the pinnacle of production and
profits has been reached.
Aside from the big mines that are now pouring their wealth INTO
nr;vate and commercial channels of the world, there is every reason
for confidence that other properties now under development IN various
sections Of the district will ere long poke their noses INTO ranks u the
steady producers. Numerous leases and owning companies IT. az
welcoming in a earnest and energetic manner, and 1T will De a mraci II
4ha,; noInIously fail in their efforts to uncover profitable ore bodies n
the promising territory that forms the eastern portion OF the richest
gold mining district on earth.
While the public was at first loath to accept the truth Of the great
discoveries that have been made in the mines during the past eight
months, with the bonanzas opened from the Clermont shaft a q Dr1l-
liant climax. they are now n a more receptive mood and see that these
discoveries can no longer be discredited. Many of the leading mining
lei Of the country have viewed these underground wonders during
the last three or four weeks, and their testimony which is being given
throughout the land IS $ unassaiiable that the critics will be complete
" ruenced Goldfeld is coming into its just recognition, and is prov
ing it's right to the high place it now occupies by distributing the most
generous dividends in the history of gold mining. Those dividends
ae al argument that 10 n q "hedge' around or deny. The forth
coming disbursement Of the Consolidated vii! be $1,O67 OO. the Flor
nee will paw out sos 600, and the Combination Traction $4,000.