Show SCHWAB WILL BE SENATOR FOR NEVADA nov oct 7 charles M schwab the eastern steel magnate who arrived hero from new york on monday in his private car accompanied by john mckane his western representative will in time acquire a residence in this state with a view to into the united states senate to succeed senator newlands also a but a democrat the republicans are now in power to nevada and schwab on of his enormous investments in the gold and allver mines of the state is pointed to as a logical successor of newlands the two hundred mile mineral zone that is now identified by experts as an extension of the great comstock gold and silver belt of which goldfield Is the center and which harbors thousands ol 01 souls where but a few icara ago coyotes roamed at will owes its prosperity and progress largely to the money quietly sent into the district by charles M schwab and now that he is heie the masses arc testifying their goodwill good will by offering him the crown the statement that schwab will be a candidate to newlands lt couched vouched tor by men high in the councils of the republican party ot the state and the announcement la being received with unbridled enthusiasm here in goldfield schwab arrival has revived tho talk of a big mine merger involving the jumbo atlanta florence combination january red top and other important mines of the district it is generally known that tentative offers have been made for controlling intel ests in several of these prominent properties and the general plan of a consolidation of these mines embraced in what may be termed the cor of the district upon a basis of to Is widely credited A significant fact that lenda very considerable crecente cre dente to the report tatt buch a progress Is found in the bat has given to that section of the district embracing the mines mentioned in th 0 proposed consolidation with mr makano be has spent a great deal of his time in the immediate vicinity of the florence atlanta jumbo january and combination examining these properties and observing with evidently keen interest and satisfaction ho rapid extraction from the bodies of mineral below tho health that is making history for southern nevadas greatest gold district lie has extended his visit to tho mines farther east the belt in tho vicinity of the blizzard ad the davenport groups their trip to tho eastern section of the district it Is believed has been with a view fo acquiring further holdings in the immediate locality of the davenport group owned jointly by mr mckane and D II 11 peery which mr mckane has upon numerous occasions stated would be extensively developed recently there has been a marked resumption of activity in mining development in this section of the district the sale of a controlling interest in the blizzard group of mines upon which aggressive development work Is now beang prosecuted has given a marked impetus to the explore atlon of the great fissures of quartz that chow so boldly above the surface in that locality the recent im discovery of high grade mill ing ore on the buszard has added to the interest und activity that at tach to tho eastern belt schwab has already ado mil liona out of nevada iraln heretofore ton opah has occupied hey of his at he first became interested in Gold nelds neighbor camp 27 miles to the north through mr mckane who was then comparatively a poor man the latter was one of the first to reach the scene of excitement four years ago tho was the only mine that had been opened up and mining men generally considered the future to be of comparative unimportance asit as it looked as though there donld be but ona or at least a epry few ai ahta time tum Lock huit an old colorado oi out 10 ton opah arni fiut p about him for open ground to siaki and located the property that la now the tonopah extension mine when lock baart commenced com mencel ft aik oik on his holdings the camp generally considered him in the light ot a bild catter as those arc termed who promote a company and sell stock on practically valueless ground with indomitable determination mi nation however he stuck to ha undertaking putting down unaided a shaft to a depth of over GO feet I was hat broke and determined to do his utmost to make a stake for himself and backers for this reason he i of used to take in other partners as that would entail further division of whatever was made few have shown too nerve that lockhart did climbing down a ladder 50 to 60 feet every morning drill ing without aid a of hoka for blasting lighting tho tuso and then hurrying hur up to bo out of the shaft before the explosion ot giant powder occurred again descending and loading each bucket separately only to climb up and hoist the waste rock aad time after almo this same arduous routine of hard work these whip a few of the obstacles that tom lockhart surmounted in developing the tonopah extension this Is the more lemark ablo in view of the tact thai there were no surface indications to hold out that com inwards follow tue shaft was put down through nothing but hungry porphyry lockhart how eier had a theory it was the same as the one advanced later by john hays hammond ahe great mining authority tho rity in effect that the mizpah ledge possessed continuity below the surface overflow of porphyry this theory decided charles M schwab to invest in the property tor its purchase and development the shaft was continued to a depth of over feet where pay ore in tremendous bodies was it was john makano who brought the tonopah extension to tho notice of charles M schwab having secured an option on the ground from lockhart who had practically exhausted als financial backing mckane went to pittsburg and called upon robert C hall a prominent mining broker and asked to bo put in ouch with some one alio would take a chance on a straight mining proposition hall then introduced him to schwab the deal was consummated and the tonopah extension Is now a big dividend payer and its stock is selling in the market at a valuation of tor ahn this success firmly established mc kano in the good opinion of schwab since that time ho acted as the western representative of the steel magnate and has from year to year extended the scope of fals operations until their combined holdings include several of the most valuable properties in southern nevadas three great mining camps goldfield tonopah and bullfrog charles M schwab already occupies as important a position in nevada mining as does united states senator william A dark in montana he has now easily invested in nevada mines and most of this Is velvet his original investment of has grown into the 10 personally ho is popular as no other millionaire ever was in nevada because he has been willing to reinvest re invest his profits |