The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-10-30
Scope of Goldfield's Operations

WHY hii'HS -.
on the exchanges. are now operating IN the Goldt1eld DIS
trict. most OF them upon a scale involving the expenditure
of a considerable sum OF money each month. III TINS III
Der the Goldfield Consolidated is counted as a single UNIT
although that company is operating SIN separate ana dis
tinct mines. The Combination Fraction Is not included III
the number. although it is being worked under lease by the
adjoining Consolidated. \ h~alf-dozen other mining prop
critics. owned either by companies or individuals. are ur-
der development by lessees and plans are now being pei,
ictfel Tor the early resumption OF active work IN several
others Including two or three that are listed. The num-
Der OF men constantly employed III and about the MINES
and railroad terminals OF the district IS between 900 ana
1000 and the payroll ranks close to the largest OF any
mining camp in the entire country. excluding bu,te ana
Cripple Creek. and is the second largest OF any gold MN
ing center OF the western hemisphere.
Yielding a product OF lower average grade 'nah ever
before in their history. the mines OF Goldiield are at pres
ct making a gross production in the ne1%hborhood OF
100000 monthly, with net earnings that are d1sDuisen 10
shareholders in liberal measure III the form OF dividends.
In TACT. two Goldficld mining companies are now dlstrio-
uting profits to their shareholders at the rate o. $1,000
600 annually.
1t is an indisputable fact that wherever development
work has been conducted persistently and ntelf&ently
within the area embraced in Goldnelds great mineral
zone. such work has been rewarded BY the discovery OF
pav ore. although in some instances this ore has been re
fractorv in character and must be treated by processes
other than those employed heretofore III the district.
Tests in the treatment OF ores OF this character are prov
ing successful, however. and the baSer ores are now dS-
sured a profitable market here.
These figures and facts are merely cited in order to
emphasize the fallacv of the attitude that affects to see in
Goldield a decadcnt or even morlbund mining camp, an
attitude that has been chiefly conspicuous among certain
persons on the Pacific coast who have profited in the past
through Goldfield investments or through the market
activity OF Go1dfield stocks, but whose friendship tor the
camp has always been tempered by personal interest.
This element has contributed absolutely nothing toward
the development or prosperity OF Goldfield. but IS ever
ready to ion or lead the anvil chorus or TO assist at the
obseuuies OF the district. \ short period of market apathy,
or failure to record a strike of sensational proportions for
a few months. and these diseruntled touts and scalpers
bring forth their well-used hammers and announce that
Go1dHeld is on its last legs; that all the ore has petered out
and hat the end. alas. is plainly in sight. That such re
ports are harmful cannot be denied, particularly when they
come from sources having the best facilities for giving
them wide circulation. The truth or tals1ty OF such re
ports matters little, so long as they are made to serve the
personal ends Of those who circulate them.
Tn contrast to this narrow and vacillatins view of
Goldfields worth and prospects are opposed the freely eN-
pressed opinions OF some OF the foremost mining and geo
logical authorities of the country, including men who
have served the government in high positions. Without
eNcention these men have pronounced the prospects OF the
hesitated to declare that the camp and It's mines can still
look forward to many years OF productiveness.
Discoveries made during the past six months, or three
months. or even within the past fortnight, are Of such I'M
portance that if made in any other or any new district,
they would be heralded as marking an era in mine max
ing. and scarcely a months has passed during the last two
years that has not witnessed some development OF material
value in the mines Of the Goldfield district. Goldfield is
still one OF the richest, most prosperous and most prolific
mining centers in the country and its prospects for the FIJI
ture have never been brighter and have improved in vast
measure during the past year.
Utah is busily advertising the fact that she will soon
be able to supply commercial potash to the extent of
thirty tons daily. The alunite-bearin9 rocks from which
the salts are to be recovered are fully as plentiful in Ne
vada as in Utah, and if the production of potash is to be
come a profitable industry in our ~neiehbor State, the pros
poets for future benefits to Nevada from the development
of this industry are no less favorable. In fact, it is by
no means impossible that Nevada may become cventu-
ally the center Of this industry.