The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-03-27
HIGH TINE FOR COLDFlELD PEOPLE TO
COMBAT The ATTACKS OF KNOCKERS

injury to the camp.
Because o a wide spread prejudice that has been cultivated against the
Florence nine an it's management there has beer To- much o. a disposition
10 g round the corner and smoker, as it were, when a specially hard knock
is heard about the Florence and it's management Gomned people
themselves. instead # standing up and refuting these basaess knocking
statements that have gone broadcast have allowed them to go on their way
unchanenged to the detriment of the property I'M to thu camp ITSELF.
No m better than the News knows how mischhv us this knocking cam
pagn has become. This paper is daily in receipt If letters from eastern stock
holders iamenting the turpitude of this paper in lot telling the truth about
the Florence ant exposing the 'imbciity of the Management and the
miserable condition Of the mill and mae," etc. These complaints ire based
upon the assumption that the defamatOry stories spread broadcast by a GER
tain clique OF brokers are true, and that because IF self interest, the News and
the people Of Goldheld are suppresing the facts.
Now, what are the facts about the Florence mine and MILF An interview
with Manager Lockhart, printed in this paper statest he true facts of the case.
There is nothing the matter with tn mill; there is nothing the matter with the
nine. the profits from both ire good, considering that only dump ore is being
mined The mine and mill have both been examined by various experts visit
ing the camp, and without exception they commend the mill IS modern in every
-. A.. ..un.ru p. uc,
testimony doesn't III with h band OF outside brokers who have a direct in
terest in defamdng the mill and mine and bearing the stock.
Now, this knocking campaign against the Florence is nothing more Tor
lest than a conspiracy among n outfit # brokers, with a line of Offices ex-
tending from New York md Boston to San Francisco and Los Angeles This
band of highwaymen not only includes brokerage houses but several news
papers. some of which are of high standing. The mining editors or reporters If
these papers are taken into the deal unbeknown % their superOrs OF course
hut they are actually under side pay to the conspratOrs. A close understand
ing exists among them. A chain of communication is established. When it is
agreed to bear any particular stock, the word goes down the line. The brokers
put ut theirs shorts and when the time is ready the country is flooded with
knocking letters. The newspapers of the conspiracy. join the chase and every
beaTish tip is played up and every scurrlous story is given publicity. In time
when the stock gets down and these brokers cover thT shorts 10 a pr0ht m
word goes III to boost, md off they go all in a bunch, boosting to beat the
band.'' and the said subsidized mining editors joining the chorus
This is not a dream 1t was nc more than sx months ago that the
editor of the News was given to understand in a covert way, that he and his
PAPER would be a welcome addition to the conspiracy, and that because his
paper was published OIL the ground and had a wide circulation m high stand
ing among investors he as to be prop1tionatey rewarded. OF course this
paper refused to participate and moreove threatened to expose the scheme
Apparently nothing further was done or a time. but it is plain that the
frame up ws finally completed and that the damnable conspiracy is now
at work.
The News is not especially interested in the Florence more than in any
other nine. If there were reason Ito crhicise this property, W e would not hei-
tate Il do it. We arr free to say that in or opinion the Florence is making a
in not employing the best possible mine and mill man to handle tn
property, a nan who has climbed to the top through merit and whose capabl
tiles are recognized throughout the mining world. The Florence with its new
mill and its nmnless mine possibilities, is a sn0rmou proposition and should
be managed along the broadcast lines. We do lot discreet the ability Of Prest
dent Lockhat when We "a this That Mr.. Lockhart has superior knowledge
as a field man cannot be gainsaid. The fact that he located and made a mine
If two Of the greatest properties of Southern Nevada, is sufficient evidence of
this fact. But he a o had the experience in building and managing great
mills such as some others ave had and upon which they have built their
reputation. Mr. Lockhart's reputation as a miner was not built upon technt
cal and managerial knowledge of milling, and that he felt hmsefm inadequate
to- thu task vas evidenced by the fact that only a short time ago lie had a sup
posedy capable mill and min manager put in charge but not with satisfac-
tory results. The only criticism Of Mr.. Lockhart that can justly be made is
that he is ambitious to do % much himelf and has not learned that essential
in large affairs Organization and proper division of wrk under sponsiO
heads The essential facts are that the Florence min is all right and that the
Florence mil is all right, and that the CAMPAIGN of abuse being heaped upon
the Florence is purely for the purpose of affecting iss stock SO that stock manip-
ear make a profit.
The worst phase of the whole matter is that the smaller stockholders of
Florence are being injured by being scared ut # their stock. lot only losing a
large part If what they have invested, possibly, but sacrificing their chances
of profit; for Florence stock is destined to sell at twice tn highest figure it
it has ever reached. And another amentable result is that it is njunng Gold
field AM he standing of other companies n stocks A President Lockhart
says in his interview published in this paper, the continued knocking of Flor
nee not only hurts that stock, III the district itself. and is creating such
mhsrust among investors generally thai saogold pieces will lot sell for Is
m if they are nov to ONE from Godhed, fearing that they are counter
felt or plugged"
Not only Al a matter of abstract right and wrong. and justice to all %
cerned, but as a mattero Of sdfinteresz Goldheld people should take up this
fight against these Dick Turpins of the brokerage business and put the Flor
me- and tn Gddfed district in the right light.
THE LEASING SYSTEM
After citing what leasing has done for Goldfeld. Tonopah, Rawhide
i and Pioneer, the Herald says # leasersh that camp:
.one lone leasero Of the National Bank has found more IRE and better than
vas wei mined by the company. Without other machinery than his drills and
Pick and shovel Jack Logland, pesistenly working away, has done work that
not only brings him a half years average wage a month, but causes the own
Frs to come to investigate his find IN consider fmther plans for the develop