University of Nevada, Las Vegas

Goldfield Mascot Mining Company p 7

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NEVADANO STATE in the union is at present attracting so much attention among mine operators and investors in mining stocks throughout the world, as Nevada, which is once again forging to the front rank as a prominent producer of the precious metals. The statistics show that the production of gold for 1903 amounted to $3,388,000, and of silver $6,529,939, the former metal showing an increase of $492,700 and the latter an increase of $1,686,367 over the previous year. The production of 1904 amounted to, gold, $5,140,000; silver, $4,500,000, showing an increase in gold of $1,252,000 over 1903 and a decrease of silver of over $2,000,000. The production at Goldfield has increased annually and there are many who believe that 1907 will see a production of nearly fifty millions. While the total product is trifling compared to the palmy days of the Comstock in the zenith of its glory, yet it is the greatest output for many years and the very remarkable percentage increase is the most encouraging sign to those who have unswerving faith in Nevada as the coming great mineral state of America in the immediate future. It was unfortunate for Nevada that the many millions in silver extracted from the Com-stock lode led the prospectors to insist upon regarding it as a "Silver State" and refusing to prospect for gold. The progress of the mining industry was also greatly retarded by the almost total absence of railroad facilities, rendering transportation exceedingly costly and virtually prohibiting the working of any but high-grade ores, and these only with great waste. To these troubles must be added popular impression that the state was virtually an arid desert, although no practical or scientific efforts had ever been put forth to discover water in any quantities, but the puny attempts of individual prospectors, or cattle men, had invariably met with success on a small




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