Today, a Gold One Dollar Coin remembers two articles reporting the mining news on August 17, 1915 in the Deseret News.
Reports from Goldstrike continue optimistic
Alonzon Higby, for eight years as an assayer at Eureka, and well known in the mining district in Utah and Nevada, left today for Goldstrike, where he intends to open an assay office. Before leaving the city, Mr. Higby stated that reports he had received from the Goldstrike camp were more favorable and that he intended investing in one or more stocks in that section.
Lige Harris has gone into that section with a full equipment. Harris was prominent in the discovery of Bull Frog and Ryolite.
Under the direction of Howard Spoffaord, the new superintendent of the Goldstrike Bonanza, systematic development work is being carried on. On the Primers, according to advices received in Salt Lake from Goldstrike today, “rock that will make your hair curl has been uncovered.”
New people are daily going into the camp and in almost every section activity is noticeable.
Development in Goldfield Mines
Although developments of late in the goldfield mines have been of a more or less routine character, they have, nevertheless, exerted a sustaining influence, and, on the whole the outlook for Goldfield is manifestly pleasing, according to advices received today in Salt Lake.
This is particularly true when it is taken into consideration that the camp only recently witnessed the conclusion of the legal controversies which developed soon after the first of the present year, just at a time when it gave promise, in consequence of new discoveries at great depth along the famous latiteshale contact, of re-establishing itself in the mining world through a general revival of activity and prosperity of a measure that prevailed in the boom days.
Although absence of litigation is always considered desirable, the settlement of the internal controversy of the Goldfield Merger mines was effected, so to speak, at an inopportune time in that, coming in the middle of the summer, it has had no appreciable favorable effect on general conditions. Had the settlement been made a few months earlier or later, when investors and speculators have more desire to give attention to business than to pleasure, it is thought quite probable that it would have had a stimulating effect upon the mining share market, at least upon Goldfield and Nevada issues.
It is the prevailing opinion among local mining people that as autumn approaches speculative interest will return, and, in consequence, Goldfield will soon again begin making telling strides toward the goal of rejuvenation.
This opinion is thought justified for the simple reason that mine conditions at present are even better than they were at the first of the year when the late litigation developed and upset the plan of many companies, idle for years, to resume operations.
The Gold One Dollar Coin shows against the image of a man at the entrance to a gold mine in Goldfield, Nevada, circa 1907.