The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1922-03-28
DISASTER
TO NEVADA MINES
Editor, The Silver State:

Editor, The Silver State:
Nevada's second industry, the
source of much Of it's wealth, the
most promising producer of future
properity-the mining of gold,
silver, copper and other metals
is to be absolutely destroyed il the
iniquitous bill known as the Dem
ison bill, now before congress, is
passed and becomes a law.
What made Nevada famous and
prosperous? Mines. What was it
furnished the money to build up
the cities Of Nevada and half of
San Francisco? Nevada mines. What
has produced millions Of dollars in
new wealth and paid millions in
dividends to people living in all
parts Of the United States? Nevada
mines. What has brought millions
Of dollars into the state to discover
and develop new mines? The
faith of the rest of the United
States that their dollars invested
would pay them large profits
faith based on the millions of
dollars of past dividends paid by Me-
vada mines. Who is going to furn-
ish the dollars to recover and de-
velop new mines in Nevada?
The Denison bill says we must
raise all the money in Nevada If
we want to develop our mines. It
forbids US to raise any money for
that purpose by selling mining stock
in any other part of the United
States outside of our own state.
It forbids US to offer any stock
for sale in newspapers published
in other states, forbids us to send
stock certificates to other states
by mail, express or even by freight.
Section two of this proposed in
iquitous measure provides:
"That it shall be unlawful after
the passage Of this act for any per-
son at any place in the United
States to deposit, or cause to be
deposited in, or to be carried or
delivered by the United States
mails, or to deposit with, or to
cause to be deposited with, or to
be carried, transported or delivered
by any railroad company, or other
agency of interstate commerce any
security or securities for sale or
delivery to any person in any other
State, Territory or district of the
United States in which it is at that
thine unlawful to sell, offer for
sale, tender for sale or delivery to
such person, subscriptions to or ord
crs for such security or securities.
The above explains itself. A few
of the states of the Union have laws
governing the selling Of stocks or
shares to their people. Their hon.
esty Of purpose is not questioned.
Briefly, these laws were proposed
to regulate companies organizing
within state jurisdiction, the funda-
mental requirements requiring a
a certain amount Of "Paid In" cap
ital, a substantial financial invest
ment or risk on the part Of pro-
motors to insure faith, and all the
while under direct supervision Of
the state.
How much mining do you think
will be done in Nevada if you have
to raise all the necessary money
for developing the mines just from
the people living in this state?
Take a look at the last census of
Nevada giving the total number of
people-men, women and children
living in the state. How many
mines could be developed if every
person "chipped in" what they
could spare above their living ex-
penses?
Are we going to see the chief
wealth producer, the leading in
dustry Of our state put out Of ex-
istence without a word of protest
from US?
Are we going to allow this Denison
bill to become a law without a
fight?
This isn't a job that we can shirk
or pass on to the other fellow if we
think anything of our state or of
our own personal prosperity. 1t is
q fight that each and every one Of
US has got to jump into and use
every effort, resource and influence
within our power to prevent such a
crime being committed against US
and the state of Nevada.