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Show UPS AND DOWNS OF A MINING CAMP. The tag end of the Goldfield excitement excite-ment is in sight according to the report of the (kddfield Consolidated Mlnine; companj, the one big property in the camp that held the attention of the entire mining world for a period of two years. This report tells of ore reserves onh eight months ahead Of late the Goldfield Consolidated ha& been unable to keep up Its regular dividends and the indications are that, after this ear. the great mine wlil be doing well If it keeps out of the assessment class. When Goldfield was discovered, the report was sent out that a vein 100 feet wide, traceable a mile and carr -jlng gold values of $100 a ton had been uncovered. Such a fabulously , rich strike promised to produce more I gold than had come from the conglomerate con-glomerate reef on the Rand, and there I was a wild stampede to the desert re. jglou. The discovery proved not to be 100 feet wide or to average $100 ore, but there were surface pockets in the formation which were rich enough to excite the mining crowds and keep up interest until with deeper mining, the great wealth of tho Florence and other properties later merged and known as the Goldfield Consolidated, waa exposed The stock booming period In Gold-field's Gold-field's history Is without equal When the excitement was most ln-teuso ln-teuso there were 150 brokers and dealers in mining stocks who could have realized from I60VOOO to $3,000,-000 $3,000,-000 on their holdings When the crash came, following the rllsclosures In connection with the methods of the Sullivan promoting company, and the destruction of San Francisco, the I center of the stock gambling, by earthquake and fire, not more than half a dozen of the brokers escaped bankruptcy. Men who had counted their w-ialth at from half a million to a million or more, found themselves impoverished Wingfleld. Nlxou and one or two others escaped the wreckage by being actual possessors of a controlling Interest in the one big producer of the camp. Goldfield Consolidated, capitalized at $50,000,000, with $35,590,000 in stock- outstanding, has paid less than' $25,000,000 in dividends. It is estimated esti-mated that the total capitalization of the mining companies of Goldfield. In the boom davs. was close to a billion dollars. |