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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.