The Goldfield news. [volume], April 29, 1904, Image 4

About The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911

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C. M. SCHWAB VISITS TONOPAH
Multi-Millionaire Wa*es Enthusiastic Over
Nevada’s Mineral Wealth.
The people of G ildfield were keenly
disappointed when it was found out that
Charles M. Schwab and party were
forced to return from Tonopah earlier
than expected, and were thus prevented
from visiting G ildfield as ha 1 been in
^en le l. *nhn .M dvane, wli » looks after
Mr. Schwab’s minin' enterprises in this
section, is interested in the Jumbo and
other promising properties here, an 1 it is
a certainty that had the distinguished
party come to Goldfield, they would nave
lieen even more impressed with it, < won
lerfnl showing than they were with what
Miey saw to enthuse and delight them at
Tonopah.
The following account of the visit of
Mr. Schwab and his party is taken from
the Tonopah Miner:
Charles VI. Schwab, ex president of
the United States Sved C >rp >n i > 1 ar
rived in Tonopah Tuesday afternoon as
the guest of John McKnne. M r. Schwab
was accompanied by his father. ,J. A.
Schwab of L>retto Pa.; Dr. M. R. Ward
of Pittsburg; Dr. S. A. Brown and Ca
mille MercaJer of New York, and J. C.
Niven of Lind in, E ig. Drs. Ward and
Brown, with Mr. Schwab, are large
stockholders in the Tonopah Extension,,
the Hasbrouck, the Golden Anchor and
other properties operated by Mr. Me '
Kane, and the object of their vis it to
Tonopah was to inspect their various
holdings. Mr. Mercader is an engineer
ia the service of the Steel Corporation,
in l Mr. Niven is a mining rugineer who
is l joking after Mr. Schwab’s mining in
terests iu Mexico. The distinguished
P irty remaiue l until Friday morning,
.and during their brief stay visited the
underground workings of ths Tonopah
Extension, the Mizpuh, and the Montaua
Tonopah, and also inspected the Has
bruuek property at Gold Mountain. All
the members of the party expressed sur
prise at the marvelous showing made by !
the mines of Tonopah, an l they were es- '
pecially pleased with the remarkable de '
velopments in 'he Tonopah Extension.
Mr. Schwab and his friends were the 1
recipients of marked attention from the :
people ot iouopan. On Wednesday i(
night they were entertained at dinner at j t
tlie Merchants’ Hotel by Mr MeKatie, j
those invited to meet tliem being Dr. j
Edward Bowes, Key Pittman, T. L. Od
die and E. A. McNaughtou. Mr. and
Mrs. Oddie gave a luncheon to the dis-|
tinguished party on Thursday, and on
Thursday evening they were tendered a
reception by the Alizpa a Club.
The proceedings at the club rooms
were exceedingly-interesting and in-'
structive, the speech of Mr. Schwab,
which is presented herewith in full, be
mg especially significant, liv 8 o’c ock
the rooms were crowded with a represen
tative body of Tonopah’s citizens, many
who were not members of the club being
present Hugh H. Brown, secretary of
the Mizpali Club, was the master of ce e
rnonies, and intro I need the speakers of
the evening in his usual happy manner. !
Key Pittman delivered the address of
welcome, and in the course of his re j
marks briefly reviewed the early history
of Tonopah and paid a glowing tribute
to its pioneers.
In reap mse to Mr. Pittman’s address
of welcome, Mr. Schwab spoke as follows:
"Gentlemen: When 1 left New York
I did not expect to be called upon to
make a speech -in Tonopah, in the far
away Southwest, nor would I have ex I
pected, in the event of being called upon,
to face such a metropolitan body of gen
tlemen as I see before me this evening.
It is hard for us who live in the East to
realize the conditions in the mining
camps of the West. While we are not
likely to forget the "dust” which we
Mew Yorkers are always seeking, aud
while we are quite willing that the dust
of the desert may be scattered over our
clothes, if only the dust from the Mizpah
sticks in our pockets, still I want to say
that there is one thing we surel y never
will forget—a lesson which I think we of
the East may well carry back to New
York—and that is the iessou of hospital
ity that you gentlemen have taught us
during our visit to Tonopah. It is the
very height of hospitality that strollers
from the East, who come here for the
selfish purpose of making money, should
be received with such cordial hospitality,
aud it is a lesson which we Eastern peo
ple can well atFord to carry back to New
York.
“Now, as to my opinions of your camp
while they may not be worth much, still
they are of such a character that I am
quite willing that they should be her
aided broadcast wherever I may be heard
on the subject. It seems to me incon
ceivable that anyone could visit Tono
jpah and see it as I have seen it during
|tlie last few days without being enthusi
astic over its p mobilities. I never
dre im *d that sueh wealth lay hidden in
these desert hills and claims. 1 had be
iieved that the stories we heard of I’ono
pah's wealth were gross exaggerations,
put fortli for the sole purpose of attract
ing capital to the camp. I have seen
your mines these past few days under the
guidance of your lending people and I
mist say that one word only expresses
what we have to say, and that is. We are
astonished! We are astonished at the
wealth or' your mines, the enterprise and
character of your people. Tonopah is
far beyond anything I dreamed of, and
as I stated to Mr. McKane today, if we
tire fortunate in our investments here,
we will not take our money away, but
will double it up and go tit it right.
1 Applause.)
4,I wish to say one other word. I do
not think we Eastern people deserve any
ciedit for investing our capital in Tono
pah. I want the credit to go where it
belongs. When Mr. McKane came to
New York and submitted his propositions
to me I was very much impressed w ith
what he said—nob >dy can hear Mr. Mc
Kane talk without b ung impressed—and
I asked him how much money he would
like to have. He informed me, and I
told him to pass it around among my
friends, and after they were satisfied 1
would take tlx 3 rest. I tun now very
sorry that the “rest was so small. Me
Kane deserves the credit for whatever we
have done—to him belongs the credit.
And I have no hesitation in saying that
.MeKane can get a great deal in >re E ist
ern capital if he wants it.
“There is another thing about McKaue
that L like. He is not only a practical
business man. but he is the right kind of
man to travel with when you want to
win at poker. (Laughter.)
“We are going away from Tonopah to
morrow m >rning, delight 1 with our
visit here—delighted with our pleasant
experiences, delighted with our receptiou
tonight. Even the snowstorm in the
desert had its pleasant features, notwith
standing the discomfort. And when Mc
Kaue strikes his next ledge we trust you
will receive us as cordially as you have
on this occasion—for we are coming
back ! We feel an interest in this camp
and in its people, and if the little m >ney
we can contribute will boom Tonopah
we are going to put it in. (Applause.)
“We people down East have made
money in manufacture. I want to take
this occasion to say that while the larg
est fortunes of the past t wenty years have
i>een made in m inufaeture, I have per
sonally expressed my belief th it the great
fortunes of the future are to be made
out of the earth. The great fortunes of
the past were made because the people
engaged in manufacture were aide to
eclipse their competitors. Those great
opportunities have passed away. All
manufacture is on a well established
basis, and the limit has been reached so
far as profits tire concerned. Hut in
mining a great, new field seems to be
opening up, in which the wealth of
Mother Earth is going to be drawn upon
by people who are willing to risk their
capital in extracting it. That is my be
lief, and I predict that the great for
tunes of the next twenty years will come
from the mines of the West —and we
hope to get our share, and we also hope
that the people who help ns to “get
there,” to use a vulgar expression, may
get their share.
“I had not expected to say anything
this evening, but I hope what I have
; said maybe of some interest. I have
done the best I could, and I hope that
|you will believe in my sincerity. I trust
i that Tonopah will go as far beyond your
i most sanguine h >pes for its future as it
j has gone beyond my expectations. (Ap
i olause.)”
Dr. M. It. Ward, when called upon,
i tpoke as follows:
“Gentlemen: I cannot tell you how
pleased I am to be with you tonight. I
lave many pleasant recollections of my
| visit to Tonopah a little less than a year
1 ago. Mr. Schwab has expressed all the
1 nice tliiugs that are in my mind regard
| ing your hospitality and the favorable
impressions I have of Tonopah. I know
that there is money in Tonopah, for I
lave been sending it out here for the last
jear and a half, and I also fully believe
that it is going to come back to us ten
bid.
“Like Mr. Schwab, I cannot see how
my one could inspect the large mines of
Tonopah, notably the Mizpah and the
doutaus Tonopah. and not feel optimis
tic ns to tln> future of Tonopali. We, in
the Far East, frequently encounter the
so culled •‘knocker," and Tonopah has
not escaped; but notwithstanding these
adverse reports, I want to say that we
have unbounded confidence in the future
of Tonopah.
*T thank you, gentlemen, for vour kind
hospitality."
Mr. f. T. Coppock of Cleveland, Ohio,
a director of the Ohio Tonopah, was
called upon to make some remarks, and
said:
“Gentlemen: I hope you do not ex
pect me to make a speech, for I ha.e
never attempted such a thing in my life.
This is my third visit to your camp, and
on each former visit l was glad to shake
the dust from my cl *thes, but I am al
ways glad to return and be able to shake
that dust again. 1 have seen the im i
provements that have been made in your
camp during the past two years, and I
must say that they have been wonderful.
I believe you have oue of the best min
ing camps in the United States. I vis
ited Goldfield yesterday and today, and
I saw things there which convinced me
that they are going to have a great camp
also. I believe there are still plenty of
opportunities here and in the surround
ing districts for the investment of capi
tal, and it will not be long before the
wealth of Tonopah will open the eyes of
the world.”
Dr. S. A. Brown, .John McKane, Dr. |
Edward Bowes, S. A. Knapp, T. L. Od- j
die. Thos. K. Bannerman, .J. C. Niven
and Postmaster Booth also made
speeches, most of which were particularly
felicitous.
At 11 o'clock the distinguished guests j
withdrew, it being necessary to make an ;
early start Friday morning. In saying j
au revoir Mr. Schwab proposed a toast,
as follows: “I want to thank you, gen
tlemeii, on behalf of myself and friends j
for your splendid entertainment this eve- 1
ning. I wish to propose a toast: To the
Mi/.pali and the men who compose it—
the men who do something, than which
there is no prouder title in the world—
the Mi/.pali Club.”
C. H. ELLIOTT ON THE RED TOP.
I
C. II. Elliott, the mining broker of
Tonopah, issues a very readable weekly
market letter. From the last, we clip j
the following:
‘.T K. I’.radle the local representative*
of Keith and Kearns, the Utah million
aires, uncovered a ledge on the lied Top ;
which bids fair to link that name with .
the now fanvms Combination and Jan
uary. We are pleased to give figures of
this strike officially, as follows: A ledge
was encountered some ‘25) feet distant
from the north t ml of the lied Top, at a
depth of four feet. This ledge is 12 feet
in width and assays taken cleai across
gave returns, consecutively, of §15), §52,
§5(5, §135, §155 §22 > and §137 gold per
ton. This is merely a repetition of the
history of the January and the Combina
tion, with the exception that the values
are much higher than those encountered 1
in either of the above properties at the
same depth. We made mention of the
fact that we would issue a supplement to
our letter, descriptive of the lied Top,
and in which we were prepared to say
that treasury stock would be offered at
15 cents a share, before we had an op
portunity, however, of placing this sup
plemeut at the disposd of our clients,
the big strike came and the 15 cent stock
was a thing of the past. And today finds
the status of this company and its stock
simply this, that when §K>,<it)() has been
placed in the treasury no more stock will
be sold. From the local demand alone it
would seem that stock-selling would
cease very shortly. We will till order
now at 30 cents per share, and advise our
clients to send them in by wire.”
HE MEANT ALL RIGHT, ALL RIGHT.
The people of Tonopah were glad to
welcome Charles M. Schwab to thei''
camp, and were prodigal in their hospi
tality. Following the informal recep
tion at the Mizpah Club, several of the
participants adjourned to the Merchants'
Hotel for lunch, and sat down at a table.
Shortly after. Mr. Schwab and some of
his party came in to the hotel. One of
the Tonopah citizens, at sight of the
city’s distinguished guest, became full of
the spirit of hospitality—to say nothing
of other and sundry spirits acquired earl
ier in the evening. Struggling to his
feet and waving his tilled glass on high,
he proposed the following toast: “Char
ley C. M. Schwab ! May your past be as
successful as your future-was.”
WONACOTT & HALL
Undertakers, Embalmers,
and Funeral Directors
TONOPAH, NEVADA
Uv• We have recently ordered a new Hearse
.aid it i-> now en route
ALLTONOPAH
and GOLDFIELD
STOCKS AND
MINING CLAIMS
Bought and Sold
C. H. ELLIOTT
BROKER
Box 481 TONOPAH, NEV.
CHAS. KIKLHOFEK J. ZWE1
TONOPAH BOTTLING CO.
Manufacturers of all kinds of Carbonated Drink
We Sell the Celebrated Waukeshau Mineral WaU
*
We use nothing but distilled water to make our beverages \
TONOPAH, NEVADA
GEO. F. BLAKESLEE
- • A
-r»FAI F0 IM
Fine Selected Diamonds and Precious Stones, Watches, Clocks, and Hi. fi
Jewelry, Optical Goods, Pianos and Sheet Music
WATCHES, CLOCKS AND JEWELRY R F. P / I
Jewelry Manufactured from native gold, and native stones cut and mounted
Next Door to State Bank Tononah -Cot
and Trust Company lOnopail,
k. mi ■ — ■iiiiiii■! mm fun—
I*, s.—Arrangement* are being made for a branch store nt Goldfield and until th'. - . •t
orders lor Watch Clock and Jewelry repairing may he left with Miss Roach at l.othro) . M<
Tonopah $
and MAKES
Goldfield
EVERY
STAGE !,AV
LINE *
Leaving Tonopah at 6:30 a. 111.
and arriving at Goldfield
at 11130
Returning, leaves Goldfield at 1:15]
p. m. and an ivesat Tono
pah at 6:00
Fare Each Way $3.00
JOHN O’KEEFE, Prop.
Barton Pittman
MINING
BROKER
Tonopah, - Nevada
TONOPAH HARDWARE CO.
— DEALERS IN ALI. KINDS OF —
Hardware, Tinware, Agateware,
Refrigerators, I c e Coolers,
Stoves, Ranges and Piping
Kids given. Best of Workmanship Gnar
anteeed. Give us a trial, liverything
manufactured in Tin, Copper and Sheet
Iron line. Well equipped shop in con
nection. Upper Main Street,
TONOPAH, NEVADA.
DR. ELTON DAVLS b
DENTIST
Work done evening.* by u>, d f
a
OFFICE—Hudgens building, upHa . tin,
TONOPAH,NEVADA a
HAMMONI)
Physician & Surgeon
Tonopaii, - - Xk
ky Pittman & W. B. Pit'
i
ATTO R X E V S-AT-L A\\!
Golden Block, Tonopah, N
M. SIMONvS " B0;
ASSAYER 5
t
Main St., - Tonopah, nJ
S. K. BKADFORD J. O. HOG,
BOOKER & BRADFORD
Civil Engineers
U. S. Mineral Surveyors. Mining surveys
patents a specialty. Three competent civil
gineers constantly employed in office.
WEST MAIN ST.. TONOPAH. NEV.
MAIL ORDERS
Dry Goods!
Women and Men’s Furnishings
Men's Clothing and Shoes for ul>
RYAN & STENSON
TONOPAH, NEV.