The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1910-09-24
WHAT THE EXPERTS" DID
PASS TO CHAS. M. H w

"aSned the dirt for evidences of gold.
( we got one or two e%olors, but not
enough to turn ones head. Sam finally
pronounced the ground as the most
ikeiy prospect in all Goldfeld and he
urged me and urged me again to see
ueorge Wingfield and obtain a lease on
IT, Without doubt / could have done
80 AT the time and could have had ample
FUNDS with which to prosecute the work.
under the direction of Sam, if l could
a V prevailed upon myself to have
urged friends to risk their money in
the enterprise. That was the time /
should have been reading Senator In.
gals Opportunity"
On this exact spot Hays & Monnette
afterwards uncovered the greatest gold
mine in the worlds history. That Mo
hawk stock which was advertised in
this paper in page ads at that time and
which was put out at ten cents is now
worth $25 per share. Most of it is now
owned by the Goldfeld Consolidated
Company, and "Goldfeld CON- has at
last been listed on the biggest stock ex-
change in the world.
Some of the eastern market letter
writers and house organ publishers can.
not see it. Not all, but some of them
are advising investors to leave Gold.
field Con. alone. "By the very nature
of things" they say, ga gold mine will
not last. Every dividend reduces the
assets of the company so much" Boshl
In theory that is what every mining
company does, be it a gold mine, a cop
lper mine or a brass mine. In reality
every dividend means that the mine
has been developed that much more.
Ore is being mined down 700 feet in
Mohawk. Those who know how the
formation looked at a depth of so feet
know that when the same ore appears
lat 90 feet there is considerable body
between. The shaft is down 1000 feet.
Those who doubted that the ore went
lower han SO feet now doubt the lower
than 700 feet theory. As a matter of
fact, God himself only knows how much
ore there is in Mohawk, but as long as
the miners continue to uncover it those
who saw the mine born, and there were
10000 people in Goldfeld by the time
production was well under way, will
continue to have faith that something
of vast Importance to the whole world
happened that glad morning when
Monnette walked in on the exciting lit
tie exchange in Goldfeld and bid rs
whole cents for every share of Mohawk
offered.
| mention Goldfeld Con. often be-
cause it seems typical of the mining
speculative or investment stocks, be-
cause | sent out news about it in the
boom days when the whole country sud
denly TOOK an interest in western min
ing, because thousands of investors
made money out of directly or indirect
ly and because other thousands lost
money trying to buy something just as
good. 1t is not by any means the only
success of recent years, but it is the
most pronounced success in that it was
a poor mans proposition. 1t isn't in
the hands of Standard Oil yet.
Expert opinion has always been
against Goldfeld. The man who is gen
orally acknowledged to be the greatest
authority on mining in the world, and
whose paper in New York continues to
depreciate the Mohawk mine, once ex-
amined and 'Iturned down. the best
properties in Goldfeld. No one ever
predicted the mine any more than did
Sam Bennett. And it is my child's pri-
vate opinion that the best a scientific
man can do in any case is to estimate
fairly accurately the amount of ore al
ready discovered and blocked out in a
mine. God only knows what is inside
the earth s cover before it is accident
ally found by the hardy, practical pros
peetors and miners.
Mr.. Schwab's engineers, anxious to
do their best for their employer, no
doubt, advised him against taking an
interest in any Goldfield property-at
a time when he personally seemed anx-
ious to do so. He came out to see us
often. Handing around hundred dollar
bills like so many hand-bills. i can
just see him drawing his fat roll from
his pants pocket now! Great days
those, His engineers "landed him F"
with Montgomery Shoshone at Bull
frog and with Greenwater frost. Why
listen to the expert 81 advice about
the marketsf
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