The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1910-01-08
1910 the Turning Point

~ HIS has been a good year for Goldfeld-the best in some re-
spects in its history.
The mine production of the camp, minimum, was $50, 747,173.
The net profits of her mines was st, 500, 77610.
Actual dividends declared and distributed, $5,2s3,2S3.
Amount paid out to mine employees, about a million and three
quarters.
been done o the Gold Bar, Atlanta, st. Ives and some of the Con-
solidated properties that promises to give rich returns for the new
year on which we are entering, beside the work done o the edge
of the district, which promises much.
During the latter part of the year, in fact the last month"; the
milling capacity of Goldfelds mills has been greatly enlarged, by
the additions to the Consolidated and Florence mills, so that the mill
output will be vastly augmented the coming year. The new year will
see other mills in the district the first one to be built on the c. 0. d..
Consolidated, now preparing its foundations.
The past year has been characterized by deep mining. A num-
Der of shafts have been lowered below the 5Oofoot point and quite a
few are reaching for the 1000. yhis has been the sore need of Gold
field mining. The Consolidated is getting some of its richest ore in
the largest bodies, at the 90ofoo point, and the year 1909 has proven
Goldheld to be a deep-mining district
In a business way, Godfeld has made substantial Improvement.
The camp is now down to a solid business basis. All bad effects of the
hystercal boom OF two years ago have passed away. There We're
fewer failures in business during the year than in 1908, and the pros
poets are that failures will be still fewer in nl0. The splendid condi
ton of Goldheld banks reflects the general condition of the business
Of the town.
The new year opens with the assured promise of a larger popu-
lation and payroll through the building of the ships of the Tonopah
and Goldfeld railroad at this point and the establishment of its
general offices in Goldield. The initial expenditure IN the shops will
be 100000, the monthly payroll will be at least $4,000, and the
increase in population by reason of the shops and Offices will be mere
The Ely-Goldfeld railroad will be built during the year 1910, to
furnish the last link of a trans continental railroad. Golafeld will
be an important point on this railroad, and with this addition the
camp viii have direct railroad outlet to the north, est and south
The new Goldfeld-Bodie railroad win materiaize in 1910. This
April l. Goldfeld will be the southern terminus of this road, and
will be greatly benefited thereby. The Bodie road win be a lumber
and mineral line, and possibly the forerunner of a direct western out.
let to the coast. GolHeld has more to expect in the way of sub
stantial gain from these new railroad developments than from any
other new source of population and wealth.
During the year 1910, Goldfeld will become the base of supplies
for a large agricultural community that will be established only a
ton by two railroads. A great reclamation scheme has been in.
augurated that n time will bring under cultivation over 10000
This project is a certainty. Engineering plans are going ahead = fast
as possible and the irst unit of the plant, to cost nearly 100000