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Show The Market and The Mines 3 In Boston there is a strong suspicion, which has heen communicated to Salt Lake, that some one has agreed to take up the two million of Ohio Copper Company bonds. Wisely enough, the gentleman with the two millions has not given his name to the newspapers, a precaution that proves the name is not T. W. Lawson, and that he wants to be safe in the fashionable clubs without with-out a body guard and a time clock. Except in a negative way, F. August Heinze is not mentioned I in connection with the reported bond flotation. Two of the Ileinze representatives having been marked for removal from the Ohio Copper direc-; direc-; v torate, it is inferred that the bonds will be purchased pur-chased only on the condition that Ileinze surrenders sur-renders the last vestige of his control. This, like many other Inferences, may be at fault. In financial finan-cial circles Heinze has been catalogued with the cow that kicked Chicago. Because he was seen with a match in his hand just before the prosperity pros-perity magazine blew up he has been made the scapegoat for a long procession of torch-carriers, fuse-lighters, and cigarette-throwers who were lucky enough to escape observation. But even I those who denounce his alleged pdnchant for I speculative arson are forced to admit that he has I a genius for mine development, and that the or- I ganization built by him in the "West represented I the highest type of mining efficiency. 9 tv t tv 1 The West is beginning to get anxious about 1 Heinze! Where is he? When last sighted by I the New York reporters he was somewhere be- B tween the Stein song and Sing Sing, but his ar- rival has not been recorded at either place. We Wt have had "authentic" statements, "official" state- 9 ments, and "authorized" statements from Mon- - 8 ana na ie W0l,ld return to that state and swing a pick in some of the mines that his creditors had overlooked, yet the registers of the Butte boarding houses remain innocent of his name. Friends, ambitious for the reputation of Utah as a refuge for the oppressed, have hinted that Heinze would make Bingham the stage of his future extravaganzas, but if he has come here he has come in the guise of a Greek or an Austrian patriot, and has not been recognized. Heinze lost is, indeed, a startling phenomenon! A year ago it would have been as easy to imagine Roosevelt lost or William J. Bryan silent! fe w Speaking of the Qhio Copper bond issue, however, how-ever, it may be remarked that the Ohio company could do a great many things with two million dollars. It could finish its reduction plant and put itself in a position to realize on some -of the great bodies of copper ore that have been blocked out in its interior; it could complete the Mascotte transportation tunnel, and it could make merriment merri-ment in the hearts of some hundreds of Buckeye Buck-eye citizens. Bingham is doing very nicely without with-out Ohio, but a few thousand pounds of copper added to the present output of the camp would not be amiss. tv w w That Nevada is under a new dispensation may be surmised from the manner in which the newspapers news-papers treat the latest rich gold strike at Gold Circle. Instead of screaming it in box-car letters, as they would have done a few months ago, the editors are content with the modest announcement announce-ment in body type that the Water Witch, at twenty twen-ty feet, has opened a foot of ore running from $6,000 to $8,000 a ton. On the whole, the present method of describing a strike is more convincing than the old way. The fact is that Nevada has outgrown the hip! hip! hurrah! era, and is gaining gain-ing dignity with the growth of wealth and stability. sta-bility. The fire alarm system of announcing new discoveries was useful in its time. Without it years would have been necessary to make the progress that has been accomplished in weeks. Exclamation points and suporlatlves brought the small investor to the rescue while the capitalist held aloof. When the small investors had created the mines, the mines themselves created capitalists, capi-talists, and, incidentally, changed the viewpoint of the conservative financiers in the East. The methods, born of necessity, which gave Nevada its first boost toward prosperity, have ceased to be useful, are even injurious under the changed conditions, but their honorable accomplishments give them a claim to respect. No measures are wholly bad that restore an outcast commonwealth to' imperial splendor and make the hunting ground of the coyote a harvest field for men. & je " Had those enthusiastic boosters of Rawhide been silenced by the attacks of rival camp or chilled by the faint praise of the Salt Lake newspapers, news-papers, would Rawhide have shipped $16,800 in gold last week? Not on your life! The marvelous marvel-ous surface showing led many to mistake what is really a medium-low grade camp for a nest of nuggets, but where would the countless millions that have come from low grade camps be today if the pioneers had not been spurred on to development de-velopment by the yellow lure of the surface? Rawhide will always have its picture ore, a larger quantity of medium grade worth from $100 to $500 a ton, and, as its mainstay, millions of tons of profitable milling material. |