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Show DAILY UTAH PAGE TEN. STATE SATURDAY, FEBRUARY 29, JOURNAL. 190S. of several square mllea, were able mines were discovered after u original discovery was made. whl They have yielded to which the Gold King itself Tonopah alone the richest was u J has contributed a comparatively small ered first and even here subseqUrni , fraction. velopments have opened up ult "In Tonopah the original discovery minea was made by Jim Butler when he stak"The district where one good min ed the only risible mineral bearing proved to the beet place to try gj.. outcrop on ML Oddle and called it the another. History perpetually thU Mixpah. Although other operators In itself in giving proof of the this field had no veins to follow, their whero ops rich property Is extensive development work has re- others exist. So when one rUk min u sulted in the opening up of a number found, the speculative value of the suh of rich mines. rounding prospective territory and enormously enhances "In Goldfield the original discovery was the Combination, staked by My- That an Increase thes, specula;., ers and Murphy. The Mohawk, Jum- values may oe reasonably extend.! bo, Florence and others were all sub- over territory of several miles from the sequent uiacoveries. In Bullfrog the original discovery U amply iUjtw.M original discovery made by Shorty In the case of Cripple Creek. Bullfm, Harris was tor distant from such and other camps. Stratton's Independ. properties as the Mayflower, Sho- ence is throe miles from the Gold Kin, shone, Tramps, Homestake, Victor, the Montgomery-- 8 hoahone is four mil Gold Bar and others. It is these latter from the original Bullfrog and h properties which have made the dis- other Instances the distance betwees trict more permanently famous, but proved mines can be measured by they wers discovered as a result of the mllea In all cases what may have been barren and worthleee mountatas location of the Original Bullfrog. "In Fairview the original discovery or desert space assumes a considerable was float, because of which many lo- monetary value, which in many fa. cations were made. The first location stances it to, on a speculative bate, has not yet proved to be a mine, but reasonable to play. Consequently, when I see later prospectors opened up the Nevada Hills, Fairview Eagle, Eagles taming their capital and effort toward Nest, Mixpah and others. In Manhat- ths development of prospective terrl. tan the finding of ore on the Stray tory In a new camp; when the investor Dog. located by Seyler and Humphrey, puts bis money Into the purchase of has been followed by the development property or acquires an Interest in ths same though stock purchases, I of mors productive properties. class them as operating In an atmos"At various times the discoveries of lying and brainless optimism; phere a snumer-made in the Nevada camps ted have resulted In the finding of WUt Mr. Curia and ths supporters of ore at many other points In the state, bis argument say that the scores of opsuch as Round Mountain, Wonder, erators In ths campa I have named to. Gold Mountain, Rose Bud, Lee, Seven cause Ilea and foolish imaginings flour. iahT This certainly is the tenor of Troughs, Gold Circle, Aura and others. In Cobalt the original find was 'made thought la 'Psychology of Mining Booms. as It Is made to apply to g by McKinley and Darragh, wso staked cent of those who win fortune." per of mine name. Since then a the that MMUSMMM number of other minea, Including the an are opened up. past, what can be anticipated for the NEVADA HAS future, now that the state is entering into the period of her greater prosperity? The total valuation of all tamable CERTAINLY T.1ADE prufierty in the state of Nevada tor IMS in the beginning of the state's rewas 111. 111. (SI. In the succeedvival PROCRESS 1REAT ing year Jt Increased by four million dollars, or to 117.11.711. In the following year Uoldileld and Bullfrog districts Whatever mar be the other short began to figure in a substantial way in coralngx of Nevada and in the eyee the tax rolls and the valuation jumped over six million dollars, or to 141,21.-I- I. of many other states they are legion In 199 there was another big thla state can make a financial show gain, the total valuation being I4I.S0I.-SOini not equalled by any other state In But it remained for the year 1M7 the Union and can put to shame many to make the most startling gain of any that affect to despise Nevada as the !' year, for the total valuation tor that was 971.IM.II1. Thus, in the Sve black sheep of the sisterhood of states. year from ISO I to 1M7, Inclusive, the years Nevada is not a rich state rich In property valuation of the state inpopulation and diversified resources creased from 999.101.999 to t71.IM,fll, and In the total property valuation, as or ISO per cent. con .pared with some of the older states What may we expect In the current of the Union; but there is no state that year, 101? The Increase In the total will not bo leas has better financial credit; no state valuation for this year than 110.000,000. This prediction to that ha so Httls Indebtedness; no state baaed upon the fact that much of the that has so large a property valuation extensive building of the state, begun per capita, or Is making such large last year, did not figure on the tax rolls come Into the year's percentages of gain In valuation from of 1007, but will The road, the Clark total. Bullfrog year to year; no state that has a larger road, the Boras Smith road, the Westschool fund per capita and a lower state ern Pacific road, all finished after ths tax ratal assessment of last year, will add treNevada has never repudiated a debt mendously to the tax roll of HOI, and nor does she ewe a single cent to any In addition there are several shorter one. How many of her critics among lines. Then, also. Goldfield will conthe states can say that much? Thera tribute mors to the grand total this is not a'sihgle dollar of bonded year than last, for all the principal busby this state, and on the iness blocks and hotels of the city and other hand she owns bonds of other In many of the finer residences were comwhich she1' has lnveeted her surplus pleted too late to be Included ip last school funds, to the amount of hun-- year's roll, but will come In this year, ' finds 'of thousands of dollars. Proud Esmeralda' county made a gain of 10, that wraps her dra- 000,000 In taxable property last year Massachusetts, peries tight around her and reaches for over the year previous. The gain this ths smelling salts whenever Nevada is year will not bo so large, perhaps, but mentioned, does not hesitate to borrow It will be very material; for, outside of money from thin same despised state, the Improvements In the Goldfield disand is in her debt to the amount of trict. Including town structures and 1150,000, as evidenced by the bonds large reduction plants, other parts of held In the school fund of that state. the county will contribute more. In the At the same time, during the' prudent meantime other counties with other of governor Sparks, camps are coming along. Including t)io administration there has always been abundant money great Ely copper camp, which will soon for all state purposes, and a large sur- be producing bullion, and It la not In plus is sver In evidence in the state the least Improbable that the total valtreasury, for general and special pur- uation of .the state for 1009 will reach poses. And If our state finances have 995,000,000. Figuring the total populabeen In such a healthy condition during tion of the state at 90.009 possibly a the lean and hungry times of Nevada's low estimate this would represent S. lndebt-ednese'ow- ed for every man. woman and child In the state. The per capita for INI was 11.299. At the beginning of the last regular session of the legislature, early In 197. It was found that the state treasury held In the general fund some 9:50.900. various large sums that had t aside for special funds. That of the legislature made large appropriations These appropriations were baaed upon the estimated revenues for the biennial period. The ways and means committee studied the gain of the previous years, and estimated that probably the total average valuation fur the years 107 and 1991 would be 957.900.099. Qn this valuadod It was figured that the lax levy could be reduced from 70 cents on the 9190 I) 70 cento meet ail obligations and leave surplus at the end iff the biennial period of 950.000. But the valuation of 1007 was about 971.000.090, and the estimate for 1009 9M.000.000, or an average of 977.000.000, as against the average of 957,000.000, and at the end of the biennial period, or January, 1000, the aurplua will be nearer 9990,000 than 950,000, as Intended. But the special session recently closed made appropriations amounting to various state Institutions and also made an appropriation of 9150,090, "or as much thereof as may be needed," for the state police. But the moat liberal Interpretation of the state police law will not Involve an expenditure of over 975,000. and wilt run perhaps under 960,000; so It wlU be seen that, after all the generous appropriations for state purpoees have been met, there will still be a surplus In the general fund at the end of the biennial period 91,410 cell-mat- ed 196,-f- or of considerably over 9104,000. This is not a showing that would warrant the belief prevailing through- out the country that Nevada Is a rotten and dried-u- p borough, without any potentialities. The fact is that no state In the Union Is showing the virility and latent energy that la rejuvenating Nevada. and no state will make more oerdltabl dilatory In the next decade. Nevada was a little late In entering the running, but she will be there at the finish along with some other states much mens favored by nature In their varied resources. Nevada may have but one principal resource, but the world's her market, and In another few years she will have no close 1199,-991.99- 9. tt SAYS Boom SOKES beca-immedia- . wins pot Claude Sachs of Colorado Springs has undertaken to champion mining booms as beneficial to the Industry. He does this In replying to a denunciation of such booms by J. H. Curie, which was published In the Mining and Sdentlfis Press. Mr. Curie enumerates the mining booms with which ha has become fa- miliar and then nays: "These ll mining booms, following upon discoveries of mors or leas value, took without exception one definite course. After an Initial period of scepticism results from one or two mines In the new district led to great financial excitement, and to wide advertisement Outside promoters entered the field, and capital poured In; for one good mine 19 worthless ventures were floated; the shares, good and bad, roan to absurd prices; and the facta became obscured In an atmosphere of lying and brainless op- timism." In reply Mr. Bach says: "It ,1s evident that Mr. Curls does not believe that the discovery of one or two rich mines In a new district warrants or financial excitement speculation optimism. It Is with this view that I beg to differ. I submit that when proof of value from one or two mines in a new district is obtained, those Is , given to whom ths opportunity would be perfect ninnies were they to fail to grasp the chance to acquire ownership In as much of ths territory In the district as possible even though the ooet might be out of all proportion to visible values. It is a speculation, of course, but one reasonable enough when one remembers that In all ths boom camps of recent years the obtaining of results from one new mins has Jed to the discovery of many others. "In Cripple Creek the origiul dis- . mi, , Nlppisstng, have been opened up. Mirror ef Friendship, "To summarise, we find that In alx As a patent conceit destroyer them out of the seven of the moat recent la nothing more effectual tkaa the boom camps Cripple Creek, Goldfield, ef ourselves tbs Fullfrog, Fairview, Manhattan and Co- medium of the eyes of through a friead.-Loa- don balt more productive and mors profit Throne. eeeoeeeeaeeeeeeoooosaeeeeaaseaeeooasooeeeaeasssesss ELL RHONE 2M PRIVATE WIRES TO ALL LEADING EXCHANGES Dc Witt B. Lowe & Co. J. H. ARGERSINGEN, Mgr. Grata, Stcshs, Doads and dining Securities 2484 WASHINGTON covery was made by Bob Womack. He staked the Gold Xing claim on a Tenderfoot Hill and subeequently aoore of other properties, scattered over ORAND OPERA HOUSE AVENUE. OGDEN. Continuous Quotations MEMBERS OF BALT LAKE MINING STOCK EXCHANGE. R. A. GRANT, Manager Telephone 206 Ind. Only i; THURSDAY. MARCH . i f Could You Spend a Million in a Year? Harris Comraiaims Present Fred Thompson's Massive Sttmipendloiiiis Prodndioiii Hue Colaaum & f The Supreme New York, London and Chicago Comedy Success by Winchell Smith and Byron Ongley Of Geo. Barr McCutcheons Famous Novel With all its wealth of Scenic Eifects exactly as witnessed an Entire year in New York and Chicago showing the Wonderful, Realistic A Dramatization . i YACHT Brightest, Wittiest, Smartest Comedy of Recent Years Teeming with Originality, Sparkling with satire Prices 50c to $1.50 tely SEAT SALE TUESDAY |
