The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1910-09-24
Now Is the Auspicious Time

w nth the general falling away of public interest from indus
w trial and public utility stocks, with a general mistrust of
" coppers due to the manipulation of the market by the copper
trust, which now regns supreme, and with Canadian lands attracting
less attention, the return of interest to precious metal mining is be-
coming widespread, and it is but a logical sequence. This interest
must needs center practically in that section of the country between
the Rocky and the Sierra mountains, for there lies the greatest miner
allied belt in the United States, and, so far as present development is
concerned, in the entire world. Narrowing down, the interest must
center in the states of Colorado, Nevada and Arizona, and to some ex-
tent in Idaho and Montana, as these are the states of not only the
greatest production, but the greatest amount of virgin territory.
OF all the states, Nevada has the greatest amount of virgin
ground remaining for exploration and development. Nevada has not
been scratched as yet-not more than one per cent OF her total MIN
eralized territory has been even exhaustvely prospected. And yet,
of the some $l3y0oo0O0 in dividends that the 50 precious metals mines
in the United States that have entered the dividend class IN 1910 have
paid and declared for the first eight months of the year, two of the
Nevada mines have covered more than so per cent of this total. The
Goldfed Consolidated in 1910 has paid $5y33S,64 and declared an
additional 81, 779OO0, and the Tonopah Mining company has paid
~$l,11O,ooo dividends, making a total in dividends declared and paid
by these two companies in the first eight months of 1910 of $7,227647
In addition to these may be cited the Round Mountain company, with
$685. 06 paid and an additional $4,000 declared the Goldfeld Alamo,
with $4,000 dividends paid, ad. the MacNamara of Tonopah, with
$4,000 paid, and the Florence Goldfeld, with $lO5 900 paid in 1910.
The dividend proportion upheld by the Nevada mines is astound-
ing, and this proportion is attracting the attention of the world.
Right now is the suspicious time for interesting capital in the
development of Nevada properties. Locaizing, it may be said that
right now is the time for Goldfeld to get busy. There have been oc-
currences where capital was ready to take hold of outside Goldfeld
properties within the past two years, and where engineers represent
ing the capital that proposed to enter the business life of the Goldfeld
district have been ready to report favorably. And this interest, or
that interest, has proceeded to get busy with its hammer, showing
where apex and other litigation would follow upon a disclosure of
rich ore bodies to the end that outside capital decided not to come in.
And Tor TINS reason much of the territory to the east of the present
proved zone has remained undeveloped. The News is in possession of
authorihve proof of its allegations on this score, and can obtain other
proof fiji necessary.
Now that capital is looking toward Nevada, it seems that every
nducement for the development of outside Goldfeld property should
be offered to capital that evinces a genuine desire to participate in the
development of the district. Attractive leasing terms should be Of
Tered; a equitable basis for securing control of outside properties