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PlOCHE fiECOED. WEEKLY VOL. LVIll PIOCHE, NEVADA, SATURDAY. JULY IS. 1908. No. 42 BBflMQl One of the boldest robberies; which has taken place in Pioche in a number of years was con summated Tuesday noon, when the local bank was robbed of about five hundred dollars. During the noon hour, when Cashier Fitzpatrick was at lunch, the rear door of the bank was forced open and an entrance made to the inside. It is the custom to lock in a drawer in the counter, money which is used for change, when the bank is to be closed for but a short time. This drawer was forced open and the contents, amounting to about five hundred dollars taken. 1m Operators Inspect aumup Men With a Name in Mining World Look Over Properties in This District A party of mining men, con sisting of J. D. Wood, Ernest Bamberger, general manager of the Daly West mine at Park City, Germe McGown of Louisville, Kentucky, A. H. Godbe and E. L. Godbe, mines manager of the Susan Duster and Prince Consolidated Mining companies, have been visiting in Pioche dur ing the past week, inspecting properties in which they hold substantial interests. Messrs. Wood and Bamberger were here mainly for the purpose of looking over the properties held by the Bamberger Explora tion company, in which they are interested, also to make a gen eral survey of the camp and gain a. knowledge of its merits as a whole. Mr. McGown is associ ated in business in Louisville, Kentucky, with James L. Hack ett, president of the Ohio-Ken tucky and Prince Consolidated companies, and in which he is a heavy stockholder. This is his first visit to the camp, and it is certain that what he saw tended ' to strengthen the opinion held by him in relation to the merits of the property owned by the above corporations. Of the present purpose of the Ohio-Kentucky company, Mr. E. L. Godbe stated that the shaft on the Greenwood property, re cently acquired, would be placed in first-class working order im mediately. A 40 horse power Before the Railroad Commission of Ne vada. The Railroad Commission) of Nevada ) vs. ) The Tonopah & Goldfield) Railroad Company ) In the matter of proposed re duction of passenger fares on the above named railroad. On this, the 11th day of July, 1908, in obedience to Citation previously issued requiring the Tonopah & Goldfield Railroad Company to appear before the Commission on said date and show cause, if any it had, why the passenger fares on said rail road should not be reduced from six (6) cents per mile to five (5) cents per mile the said Tonopah & Goldfield Railroad Company duly appeared, being repre sented by J. W. Reinhart, assis tant to the' president. W. D Forster, General Freight & Pas senger Agent, A. J. Lyon, audi tor the said railroad, and J. C. Campbell, general counsel for the said railroad company. The representatives of said railroad, having shown to the satisfaction of tb Commission, j Conditions would indicate that the robbers had familiarized themselves with the system era ployed in the bank, from the fact that they chose the noon hour to do their work, the only time possible for them to have secured any money. All money is put in a time lock safe at other, times, which ' would give the most expert a hard struggle to open. The manner in which the back doo? was battered would indicate that the work was done in a crude manner, k with no thought of results other than to gain an entrance. gasoline engine has been ordered, which will be used for operating the compressor for the machine drills. The compressor now in use at the Prince mine will be transfered there as soon as the 100 horse power engine recently hauled to the Prince is installed The company will then rush work on a drift for the purpose of connecting the Greenwood property with the Susan Duster mine. In the prosecution of this work it is expected that the veins on the Independent and Alberta claims will be fully developed, which, together with the Susan Duster, will furnish an abun dance of ore for a mill. Mr. Godbe stated that it is the pres ent purpose of the company to erect a mill for the reduction of these ores, at an early date. It is an assured fact from de velopments already had that sufficient ore can be had to fur nish a mill of considerable ton nage reduction each day for : number of years, and which has been proven from tests made to be the most satisfactory manner of treating these ores. That a mill will be constructed is an assured fact, but it is not absolutely settled as to whether it will be placed at Pioche or Bullionville; however, the indi cations are to the effect that Pioche will be the point at which it is constructed. that the reports of its business for the year ending June 30 1908, are now being made up both tor this commission ana for the Interstate Commerce Commission, and that the same cannot be completed prior to September 1st, of the present calendar year, and further that the compilation prior to said date, of the data for a proper consideration of the matter of adiusting said passenger fares upon an equitable basis would involve the company in muc unnecessary and additional ex pense, it is, therefore, Ordered that the hearing set down for this date, be and th same is hereby continued unti the first day of September, A D., 1908. By order of the Com mission. E. H. WALKER, Secretary E. W. Clark, mining engineer, representing Senator W, A. Clark arrived in Pioche last evening. Mr. Clark is here for the purpose of making an inspec tion of the different pronerties of the district with a view of ascertaining the magnitude of the camp and other matters of material interest to this section. The sheriff's office was noti- j fied, and Deputy Fitzgerald went to work upon the case, with the result that lie had two suspects t in custody within a short time. ! As to the n iture of the evidence I now in the hands of the officers I we are unable to state, but it is understo .t that a determined effort .vi'l oe made to connnect t ther.i with the theft. : Cush liszister Toucan! Not daunted in the least by the agitation which the robbery of the bank had caused, the robbers were about again Thurs New York Market News In the miscellaneous list there considerable activity in the preferred and common stocks of the Guanajuato Development Company and the fatock of Guan ajuato Power i Electric Com pany, which is in demand, and in a few specialities like Hinds Consolidated, Imperial Copper, La Republic, Development Com pany of America, common, Pin- gulco common, Palmer Mountain unnel, Keane Wonder and Vic toria Chief. The favored stocks in the Gold- field list are Combination Frac tion, Diamondfield Black Butte, Great Bend and Jumbo Exten sion. West End seems to be about the only Tonopah stock which is in anything like active lemand. It is rapidly rising. No less eminent authority than A. R. Ledoux is quoted as having said during the past few days, that silver is certain to ad vance to higher prices. This pronunciamento by one of the eading authorities in the smelt ing business, will encourage the owners ot those mines, whose chief product is the white metal. The treasury department at Washington announces that it looks for no tightening of the money market this fall. Ap parently the financial skies have cleared, and the business men of the country have squared away for another period of smooth sailing; dui so lar as the mar kets are concerned, the calm is 1 1 a i . so complete that there are few stocks making headway. ine mining list is improving, rather than otherwise. There has been improvement during the week in Butte Coalition, Consolidated Arizona, Ely Ceil tral, First National, Great Bend and several others; the improve ment ranging rrom w to z per cent of their market value, i tiers nave Deen declines m Greene Gold-Silver common, Nevada-Utah, Nipissing, Penn Wyoming and Tonopah Mining. The latter stock seems to have sold off on the making public of the good news that dividends are to be resumed this month. The Salt Lake list continues very active. Sioux Consolidated has fluctuated during the past week between 90c. and $1.15, has presented excellent oppor tunities for scalping profits. The markets are moving. John W. Gates says (hat it will be a year or more before securities rise to their real intrinsic value. Judge Elbert H. Gary, chairman of the executive committee of the United States Steel Corpor ation, says that the movement is apt to begin at any time and may be already at hand. Gates foresees some months of com parative business inactivity and slow recuperation; Gary says that business is already on the upswing. Gates says that 1909 will see great improvement in day morning. The saloon build-1 ing owned by Nunn & Timmer man was forced open and about fifteen dollars in money, several boxes of cigars and some whis key taken. The entrance was effected in a manner similar to that used at the bank. The rear door was forced open and the large glass panel broken out Mr. j Timmerman states that this robbery must have occurred alter cayligrit, r.o cit not cios his place of business until that time. The thieves were cool ones, as evidenced by the man ner in which they did their work. They must have taken a drink, the steel trade and that 1910 and 1911 will be the banner years in that industry. Gary also predicts great strides for steel. Gates says that on any ten point decline he would ac cumulate stocks, all of which should encourage investors to accumulate them now. Gate's judgment is that of an old timer in Wall street the judgment of a man who is seldom in error. It will always be remembered in Wall street that Gates and his friends sold a great part of their stocks in the spring before the panic, cashed in their profits and retired from the field. There is no gainsaying the market wisdom of John W. Gates. I called the turn of the mar ket in this column on June 26th, since which time stocks have steadily advanced. Not only is this the general stock exchange list higher, but the curb list has shown greater activity and life, In spots it is materially higher. The wave of liquidation of Nevada stocks has broken. Ne vada banks have realized on se curity deposited with them last year as collateral for loans and the market for Nevada stocks now shows a firmer and health' ier tone. The Eastern public has small appreciation of the enormous volume of stocks that have been sold by the banks dur ing the months which have elapsed since last October. Last year there were millionaires a plenty in Nevada (stock certi ficate millionaires), now there are few even of the stock cer tificate variety. The Nevada operators were hit by the slump even harder than the Eastern investing public, because they spread themselves all over the state and were unable to realize, except at great sacrifice, for the purpose of protecting their unmarketable things when the necessity arose. Now the slaughter is over and good Ne vada stocks should one by one improve. copper is uncnanged and cop' per stocks are not largely in de mand. Utah is an exception Its wondertul production record is beginning to tell on the mar ket price. Utah Copper costs are now only a little over 7 cents per pound, in a tew months the rise in Utah will be dupli cated by Nevada Consolidated and Cumberland-Ely. A leading authority points out that railway equipment is wear ing out and that before very long the railroads will be forced to come into the market heavily for the raw materials. Then out for a substantial rise in cop per and steel and in the steel and copper stocks. DONALD C. CATLIN. Richard and Lottie Lamb from Joplin, Missouri, were arrivals on last night's train, and will visit with their uncle and aunt, Mr. and Mrs. Alfred Perkins. as twenty-five cents was rung up on the cash register, and that amount placed in th? drawer. No clue has as yet been gotten of the guilty parties. Residence Entered. The home occupied by Joseph Powers, on Cedar street, was broken open during Wednesday night and Thursday morning. Although nothing of value was taken, it was not the fault of the burglars, as the house was thor oughly ransacked and searched. Powers has a large trunk with Another Bold Hold Up Here Yesterday afternoon in Justice Connell's court, one J. C. Craig signed and swore to a complaint against Jas. Pierson, charging the latter with grand larceny. The hold up feature of the affair is that Lincoln county has all fees to pay in a case which was farce from beginning to end. Craig visited Jack Rabbit re cently, and from his own sworn testimony, proceeded to cele brate in the saloon run by Pier- son & Blair; after spending the best part of the day and a por tion of the night in making a good fellow of himself, he woke up about $99 shy also minus a ring. Pierson produced the ring and it would appear from Blair's statements, .that Pierson ad vanced his fare back to Pioche. More care should be taken in supplying documents of law to every person that happens along with personal troubles. District Attorney Horsey asked for a dismissal of the case as soon as the State's evidence has been finished and Pierson was dis charged. Will Build Race Course To Construct Circular Track At the Base Ball Grounds. A movement which will be of material benefit to the people of Pioche and a welcome acquisition to lovers of horse racing, has been set under way by some of our local enthusiasts. It is the construction of a circular track at the ball grounds. No one more fully realizes the inconven ince the people must at present undergo to witness this sport at Pioche, than those of us who have lived here for some years past. In the majority of celebrations of recent years horse racing has been one of the chief features, and the only available place for the events to be pulled off has been the four-mile house. This is quite a distance to travel, and has retarded many from attend ing. Also, it is the most disa greeable spot in this section, winds and dust being omnipres ent. The purpose now is to build a quarter-mile circular track sur rounding the ball grounds, and work to that end is at present under way. The grand stand can be utilized, adding greatly to the comfort of spectators, a condi tion which will materially en hance the popularity of the sport in Pioche. Read the legal school notice on page three. All should be in terested in the bonding of our school district. The election to vote on the question of bonds or no bonds, is dated for August 6th. a very substantial lock on it and in this most of his valuables weie at that time kept. This proved too much for the house breakers, as they were unable to open it. Had they done so, they would have been richly rewarded as a considerable amount of valuable jewelry was contained therein. These repeated house breaking and burglary events Kre'arous-" ing the people to a high state cf indignation, and repeated threats have been made that unless it is stopped, Pioche will not be a healthy place for suspicious characters. Machinery Is About Ready These are busy days at the Nevada-Des Moines property, and we have been informed by Manager D. C. Mahedy that the engine and compressor will be ready for operation within a few days. The first whistle may be heard on Tuesday next. Then vigorous work will be prosecuted sinking the main shaft on the Baltimore claim. Ingersoll drills will be used, and the work can be finished in a short time. If you're wise and can get Nevada-Des Moines stock, now is the time. Died. Little Merrill Christian, the infant daughter of Mr. and Mrs. W. M. Christian,-died Thursday noon, after an illness of but a few days. She was in excellent health Sunday, but was suddenly stricken Monday, and although all that loving care and medical skill could do to alleviate the suffering, destiny ruled other wise, and the little spirit passed to the Great Beyond Thursday. The funeral services were held from the family residence on McCannon street Friday after noon, being conducted by H. E. Freudenthal. Interment was made in the Odd Fellows' ceme tery, to which place the remains were followed by a large num ber of friends of the family, with whom the RECORD joins in extending sincerest sympathy to the bereaved family. May Remove Indian School Government Contemplating Such Action. Acting Governor Campbell is in receipt of a communication from Secretary to the Governor Finch; stating the secretary of Indian affairs had written him to the effect that the government contemplated moving the Indian school from Carson City. We would dislike very much to see this done, and every influence should be brought to bear to stop such an action. In the letter the suggestion is made that the state buy the ground and buildings used by the school, should it be removed for an industrial school. This, we believe, would be a capital idea. Nevada stands in need of an institution ef this character more than any other. At present when it becomes nec essary to punish youths for crime they must of necessity be sent to the state penitentiary, a deplora ble condition. We hope that in the event of the removal of the Indian school the suggestion of the secretary is taken advantage of and an industrial school insti tuted. Panaca has already voted and executed $6,000 worth of bonds, for a new school building.