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Show WINGFIELD SAVED THE NEVADA HILLS The Nevada Hills of Falrvicw is free rrom debt and started on the dividend paying .basis that will add another worthy mino to tho long list of Nevada successes. The regeneration of tho Np-vada Np-vada Hills is an illustration of tho neces-fi neces-fi y x .'"S stronff companlos behind the best of mineral discoveries. Had It not been for the business acumen and personal intrepidity of George Wlngfle id t is doubtful If tho Nevada& Hills would be on the map today. True, he Is one of the chief beneficiaries, but scores of others bought Nevada Hills buoyed by the hope that It would prove another "Mohawk "Mo-hawk and repay them a thousand fold on their small Investment, Thev reckoned reck-oned without a lucid understanding of conditions and tney should be thankful that they traveled in the company of a man who never failed to make good hla promises. The Nevada Hills had the making of a mine and In fact was a mine In the spring of 1907 when tho rush was on to the .grey hills of Churchill county and Wonder also sprang into 'being. With abatement of the first excitement the cold truth dawned on those who had bought mine shares In both districts. The properties were worthless without transportation and two mines in raw stages of lnciplency could not induce the railroad to build forty or fifty miles be- forevwh? ?'rth of th district had been established beyond question. Ore could nt De hauled to Fallon without sacrificing sacri-ficing the major values. There was nothing to the operation of a mlno if tho mine was to be only a revenue maker for the railroad and smelter. Milling nt the collar of the shaft was tho only solution. so-lution. Such a prospect did not appeal to tho average stockholder, but how to escape the dilemma was the question. Treasuries Treas-uries were not obeso in those days and already there appeared a shadow on the horizon boding dire consequences to Nevada Ne-vada mining Investments. Wildcatting was beginning to bear fruit. Public confidence con-fidence was estranged. Investors did not differentiate between a legitimate mining min-ing proposition and the worthless creations crea-tions so w'ldely scattered among small Investors, Tf the property of tho -Nevada Hills was to be saved for the stockholders stock-holders it -behooved some one to raise money for a mill. The security was the mine, but that was of prospective value and loans are seldom contracted on that basis. In this emergency George Wing-field Wing-field came to the rescue and a mill was ordered with the assurance that the money would be forthcoming as demands matured. Wlngfleld felt confident that the mine was worth saving and that It would more than pay for Itself by tho Installation of modern efficiencies. His judgment has been vindicated. The mine has -been saved to the stockholders and the last dollar of the ?520,000 expended In construction of water and milling plants has been repaid. The decks of another Nevada super-dreadnought super-dreadnought have been cleared for action ac-tion and it is merely a matter of a short time before the thunder of dividends w'll advise stockholders that their investment was saved by the public spirit of one man who knew the value of the property prop-erty and who would not stand by and se,?lt sacrificed for tho sake of half a million dollars. Tonopah Bonanza. |
