The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1910-10-22

esting a trio of the leading capitalists
of the city in his Nevada State group
of claims at National, and an expert
will be at once sent ont to report on
the property. if favorable, ample
capital will be forthcoming to develop
the claims.
Mr.. Mclaughlin reports that money
ed men at Kansas City and other
towns in that vicinity are deeply in
Iterested in National and that he might
have disposed of almost any number
of claims had he had them for sale.
- --~~~~~~>--~--~--~-->~-~---~
ments he realized around 100000
AT this juncture, Goldfeld was dis
covered. George Wingield became as
lsoeiated with Mr. Nixon, and their
operations during the spectacular days
fof the great gold camp are familiar
Nevada history. When the first big
strike was made on the Mohawk the
partners owned more than one-half of
the stock and also were the controlling
factors in various companies owning
contiguous ground. TO avoid litiga.
tion, the Goldfeld Consolidated Mines
company was organized to absorb all
these properties, and the Judgment
used in bringing about this incorpora-
tion is now demonstrated as it elimi-
mated vexations and expensive litiga-
tion that otherwise would have re-
tarded the camp.
With Goldfield Consolidated success
fully launched and the Mohawk prov
/ ing itself the greatest gold mine in the
world, the dream of the Reno bank
clerk was but matter of a few bust
ness details to come into full realiza-
tion; and what as a boy he toyed with
as a sort of forbidden hope was now
| hut o part Of a days WORK He pressed
the button one day and there came
into existence the Nixon National
bank of Reno, which has a capital,
paid up, of 1,000,o00, and a surplus of
100000.
"When | was a bank clerk here, it
was my ambition some day to have a
bank here in Reno that would stand as
a monument TO my banking ideals. -
Thus spoke Senator Nixon the other
day, as reminiscent flash carried
MIN back to idler days than these, not
lrealizing perhaps that he had opened
a secret recess in his character, ex-
lposing the golden key to all his sue
eesses and triumphs.
The ladder had been topped The
architecture in the clouds, the dream
of his youth, had become brick and
mortar and tiled floors and heavy
vaults and busy clerks. But there are
lother dreams, when one dream comes
true.
Some two years ago, because of a
desire to be relieved OF many vexa-
tious and exacting responsibilities, he
sold all of his mining intere SITS; but
the impress of his courage and judg-
ment and energy will never be effaced
from the mining scenes of the camps
Of southern Nevada. In the early days
there he founded banks and erected
buildings in the middle of the desert
that inspired confidence in the hearts
of the argonauts who made up the
population. His banking operations
extended up and down the state until
his combined institutions carried de-
lposits aggregating arount $lO,000,000
The Panic Of 1907.
While the prosperity i'll Nevada was
thus at flood tide, the panic of the
autumn of 1907 began topping the
strongest financial institutions OF the
country and preparing to deliver upon
Nevada its hardest blow. The crash
came, many Nevada banks went to
smash, impoverishing thousands OF
people who were independent three
months before. 1t is known that Nixon
J and Ningteld stayed the devastation
of that panic in Nevada by the per
J sonal sacrifice of over one million dol
lars. They prevented ruinous situa
! tion from becoming an absolute catas
J trophe
Their chain of banks reached from
! Reno to Bullfrog. Borrowers from
. these institutions were in such posi-
tion that they could not pay theil
loans. Without immense sacrifice, they
, could not realize on assets, pledged al
, security. The partners met the situa
) ton by marketing millions of persona
securities at so cents on tie dollar
i avoiding the loss of single dollar t,
+ depositors, and giving borrowers a
) their institutions time to weather tn,
/ financial storm. One of the creates
tributes to Nixon's honor and int &
rity, and mark of the faith the peo
. ple have in his possession of these vir
g tues was shown by the fact that the
4 irst National Bank of Winnemucea
t looked upon almost as his persona
+, property by the people OF the tow
and county, was in no way affecte'
e by the waves of distrust and inaneia
"A fright that swept over the countr.
j, with this panic.
i Six years ago he was elected to tn
G United States senate, two years be
fore Fortune came his way at uold
t field.
a 1t cannot be lightly charged tina
l. a man who values so highly an
}. guards so saeredly the COZ dence
5 ms neighhors aud business clients WI
d e less Jealous in protecting the in
j. terests of his state as the representa-
live O. the people in the senate of tn
4. Quilted States.
/. His record as a youth, a man,
statesman and state builder is nov
beIore the people.