The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-02-13
Goldfeld's Future Position Secure

opinion of the metropolis he declared that it looked to him
like it would make a permanent camp. There is nothing
facetious in the present day verdict of mining engineers
and high authorities in mining circles. who have pronounc-
ed the outlook for the permanency OF Goldfield as a min
ing camp far more assuring than at any time in The past.
During the early years of the camps activities the sear was
often expressed that the ore did not go down. that what
had been found indicated surface enrichment only. and
at the very inception of the camps life mining engineers OF
international reputation turned down the district unequ1-
vocally in their reports.
From what may be considered the area OF Goldiiclds
surface enrichment a gross production has beenl made
that does not fall far short of $Ioo,o 100000. The nation and
world have been enriched to the extent of many millions =
fortunes for a few and substantial gains for many i'll Il
form of profit than which none is cleaner or treer from
faint of any description. The great bulk OF this money has
been distributed among persons of lmltedmeans and1tseN-
traction from the earth has furnished employment to a
great number of men, at the highest wages paid tor work
of the same character anywhere. The production OF these
millions has made Goldfield a prosperous community even
throughout the period Of comparative lethargy prior to its
recent revival; even at times when, by reason of war or
panic. money stringency and business depression have been
practically universal. At such times, by comparison with
other communities, Goldfied has exhibited a prosperity al
most blatant in its spirit of ignoring the existence of adver
sitv and in civic and individual hberallty.
The permanent prosperity of Goldfleld is not depend
ent upon market values of mining stocks, but upon the &C
tual development OF mines and the production OF minerals.
With those who have the future of the camp at heart or
who are interested in the camps welfare, as residents or IN
vestors, there should be no thought of dependency or lack
of confidence, induced by any mOmentary slump IN market
values. Mines OF the district were never III d SOOu COllui
ton as at present: the future was never one-halt as bright
and never has there been as much substantial development
work in progress-work that is calculated to produce re-
suits. Many factors have combined to depress the market
price of Goldfield stocks, but none of these factors can exert
more than a transitory influence. None can affect the
intrinsic value of the mines or prevent an ultimate ADJUST
ment of stock values in keeping with the physical cond1-
tion of the properties involved. If these stocks are tor a
time made the football of scneming manipulators, they
must with certainty rebound to a standing commensurate
with the unquestiOned worth they represent.
No ~ will attemDtt TO 0enV the weight OF the evidence
that Goldfield's era of greatest production lies IN the tu-
ture; that deep mining will yield a production far surpass,
ing the exploitation of its surface enrichment and that
those who stick and refuse to become victims OF cold
feet will eventually reap a generous reward. Under the
plans of development that are now being carried to fr'1lt1on
the district is being accorded its rstchanceto"m make good
in a manner insuring permanently. At dozen or more
points development that involves the comprehensive ex,
ploration of large areas, at great depth, IS gong forward
with vigor and for this work there will be no lack OF IL
nancial backing. Much of this work has been planned and
financed bv successful and experienced mining men who
are not prone to take long chances and who have only de-
cided upon making such investments after securing the adj
vice of engineers and biologists of the highest standing.
1t is indeed a favorable sign of the times that large sums OF
money can be raised without apparent difficulty to finance
work Of this character and it speaks volumes for the visible
worth of the district that men of the type who are financing
such operations should evince faith in its future in this
concrete manner.
There is no ground for pessimism in the outlook for
the camp. The " come back y is an accomplished fact, but
it is only partly accomplished and will be completed in de
gree as the mines are further opened at depth. Nothing
can now prevent a steady growth and a consistent increase
in mineral production for this camp. The mining industry
here is now upon a sound, clean and buslneSShke basis that
will permit of nothing that is at variance with the strict let
ter of the law in its conduct. No longer can there be a sus-
picion that operations are being conducted along lines prac-
ticed bv the wild caters of the early days. The funds of
mining companies are expended solely III development, con-
Quoted in a scientific, minerlike manner, and with an in
sight into geological conditions that has been gained
through years of experience and miles of underground work
in the district. Other great producing mines may be made
any day and it is inconceivable that the vast amount of de-