You might think, after this demonstration of the lengths to which
Senator Nixon went to accomplish a set purpose, and after witnessing
the success which attended his efforts, that a poverty-stricken
individual like myself, who had had the hardihood to conduct a
newspaper campaign in the Senator's own home town against his financial
and political activities, would judge it the better part of valor to
emigrate from the State. Well, I didn't. I stayed right on the spot.
That I would hear from Washington later I had no doubt, but I stuck,
just the same, until my business interests called me away.
I wasn't wrong in my deductions. Within a few months thereafter there
came a visit to my office in Reno by a postal inspector, who was
apparently "sicked on to the job," and but for the quick intercession
by telegraph of United States Senator Francis B. Newlands of Nevada
with the Postmaster General at Washington, I am certain that potent
influences even at that early day would successfully have "started
something." But of this more at another time, I am ahead of my story.
CHAPTER VII
RAWHIDE
Because Rawhide, the new Nevada gold camp, was born during the
financial crisis of 1907, I couldn't see any future ahead of it from
the promoter's coign of vantage--not "through a pair of
field-glasses." It requires capital to develop likely-looking gold
"prospects" into dividend-paying mines, and I could not imagine where
the money was going to come from. Eastern securities markets were in
the doldrums. Time money commanded a big premium. Prices for all
descriptions of mining stocks had flattened out to almost nothing.
Investors were at their wits' end to protect commitments already made.
Financiers everywhere were depressed. A revulsion of sentiment toward
speculation had set in, seemingly for keeps. Only a hair-brained
enthusiast of the wild-eyed order could hope at such a time possibly to
succeed in the marketing of new mining issues.
A financial panic has no terrors, however, for gold-seekers. The lure
of gold is irresistible. Money stringency serves only to strengthen the
natural incentive. By the first week in January, 1908, fully 2,000
people were reported to be in Rawhide. At the end of January the
population had grown to 3,000.
The camp easily held the center of the mining stage in Nevada.
Public-domain text, read in full here on John Shaqi.
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