Show ONE HUNDRED AND FOUR MILLIONS less than three years ago a nevada prospector to the mining camp of klondyke in nye county that state camped over night near some strong and prominent crop pings in the morning he examined the ledge edge but thought that it looked lean and hungry however as it was strongly and peculiarly colored he broke off some pieces with the intention of having them tested by fire it was several months afterwards afterward before the assays essays were made and they showed such high values in silver and gold that the prospector returned and made several locations the man was J L butler the locations were the mizpah and several other claims the new camp then started is now known as tonopah To butler was a poor man then he is a millionaire now philadelphia people were the first to get a foothold in the new eldorado they formed the tonopah mining company with the mizpah and several other of butlers claims as a basis for the incorporation in less than two years these mines produced the magnificent sum of seven million during the past year the company has equipped its property with machinery has donee done extensive work in its development and now without doubt has one of the greatest bonanzas of the age on its hands and these philadelphia stockholders are rich and more it is doubtful if any one will ever hear them say that mining is a gamble in an article entitled figures talk the issue of the tonopah bonanza of the alt says that S A knapp the well known metallurgist 01 0 mining engineer and that camp after an exhaustive examination and measurement of the ore bodies blocked out in the workings of the tonopah com banys mines estimates that the ore in sight in this magnificent property has a cash valuation of the mining review makes mention of these facts and figures to illustrate and corroborate the oft repeated statement in iii these columns to the effect that more big money is to be made in mining than in any other business or pursuit such assertion read like a fairy tale but they are true nevertheless and many other instances of like character are not lacking in the mining history of the west but this is not all as there are several other companies operating in tonopah and immediate vicinity who also have thousands and millions blocked out in their mine workings and the record being made by the ton opah mine is more than likely to be duplicated by its near neighbors in the very near future other bonanza camps of the west with a similar history could be cited in this article but this is enough for this time for fear our readers may become confused and fall fail to comprehend the magnitude of the one hundred and four million and odd thousands above alluded to |