White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1910-08-14
BETTER TIMES
ARE ON THE WAY
CHARACTER OF CONDITIONS
WHICH MOST DIRECTLY Az
Feet THE WHOLE DISTRICT
COULD NOT BE BRIGHTER.

Paste this in your hat: prosper
ity has dawned again" For the past
two issues we have been telling you
that the times were on the mend and
that the clouds of financial darkness
were passing. The clouds have pass
ed and the sunshine of prosperity
lightens and brightens the entire
land. We have always urged that
there never was chance for panic
for the reason that there was too
much money in the country. That
there was not action before was for
the reason that the money was too
tightly held. 100 much politics was
the principal reason given for the
lack of action: there was nothing the
matter with the economics of the
country.
Evidently the men of money have
made the gentlemen of politics take
back seat. Whatever the trouble
was the trouble has been wiped out.
The real thing which affected this
district most was the copper situa-
ton, and that situation has been
most beautifully cleared. That there
was an agreement looking to the cur
tailment of copper production we had
on good authority. but 1t was hard
TO believe in the truth of this while
they were bending every energy to
increase the output of the steam
shovel pit of Nevada Consolidated.
Now, we know why this was done
They were getting ready in the pit
for the period of curtailment. They
were stirring every nerve to reach a
daily average producuon from which
they could recede without actually
cutting down their normal output.
Now the pit is turning out about as
much ore as when the subject of cur
tailment was first broached. They
-ifave laid off some men at the pit and
others at McGill; they have shorten
ed operations at the eoncentrator but
at the same time they have sufficient
concentrates on hand to run the
smelter for at least sixty days. Ne
yada Consolidated could not possibly
be in stronger position.
The temporary cutting down of
operations may work a hardship to
the few, but it means great things
for the district in the future. Be-
fore the end of the year we will see
the greatest energies at work, the
greatest prosperity that the district
has ever known. Already the effect
of the curtailment has been noticed
In the advance of the price of Sc
curities. And the advance means no
temporary furry; il is not the squeez-
ing OF shorts; it is the actual turn of
the tide. The agreement TO curtail
was not put into motion until every
thing was ready for it, until all in
dustries were well into the upward
swing and the banks ready to make
loans for the financing of enterprises,
large and small.
The banks are not looking for
loans on real estate; they are giving
bonds and securities the preference.
This means that .aere is money ga
lore for the operating of properties,
and that the time has arrived when
men who have been holding on to
mining prospects through the black
days and months of the past can find
the way to work them, or the means
of disposing of them. The times are
good and they are going to be better.
The conditions in the district
which most directly interests us,
could not be better. Work is going
ahead at all points. and the discov-
cry this week of ore, and rich ore,
in the limestone workings of Ely
Calumet, is one of the biggest events
in the history of old Ely. The Ely
Calumet lies right at our doors, and
is eight or nine miles away from the
center of the principal operations of
the camp. From Copper Flat to Ely
Calumet, the principal formation is
in the limestone, and the find in the
latter gives a vague suggestion of
what might be expected in the coun-
try lying between the two points,
which from a mining point, has been
no more than scratched. The fall,
which is at hand, will see properties
In this section opened up to good pur-
pose: operations in the old workings
will be resumed and new country will
be prospected with the greatest
chances of splendid developments.
All indications point TO the promise
of another and a greater boom for
the Robinson district than has ever
been known.