Government troops were reported to be en route to Goldfield from San Francisco "to preserve the law." It had been represented to the President of the United States that Goldfield was in a state of anarchy. Goldfield wasn't. As a matter of fact, the situation in Goldfield with the miners, from the standpoint of law and order, was never good, but it was as good then as it had been in eighteen months. True, there had been some lawlessness, but no riot, and the sheriff of the county had made no call whatsoever on the Governor for any aid.

During the first days of the panic Nixon and Wingfield's Goldfield bank, John S. Cook & Company, had tendered the miners the bank's unsecured scrip in lieu of money for the payment of wages. The miners refused acceptance. They were willing to take time-checks of two, three or four months, bearing the mining company's signature, but balked at the idea of becoming creditors of the bank.

My Adventures with Your Money — Part 138

It has been stated to me by a number of Goldfield brokers who were present in the camp at the time that the miners had even decided to concede this point, when an outsider secured by intrigue and money sufficient voting power at a meeting of the executive committee of the Miners' Union to pass a resolution objecting to the bank's scrip. The refusal to accept the bank's scrip was at once made an excuse by the Goldfield Mine Owners' Association, which was dominated by George Wingfield, to determine upon a lockout and simultaneously to demand Federal intervention.

My Adventures with Your Money — Part 138

If Messrs. Nixon and Wingfield's bank needed money, as the tender of unsecured scrip indicated all too plainly, the complete shutdown which left with the bank as available resources approximately $2,000,000 in the account of the Goldfield Consolidated Mines Company, was a perfect stop-gap; and the need of the presence of troops was a fine coincidental excuse for the shutdown. Incidentally, it would rid Goldfield of the Miners' Union, which voted to a man against Senator Nixon's Republican candidates for office, and would permit the importation of foreign labor, an expedient which was afterward successfully resorted to.

My Adventures with Your Money — Part 138

Senator Nixon brought pressure to bear at Washington. He invoked the good offices of Uncle Sam and urged that Federal troops be sent to the State. He was assisted by Congressman Bartlett in laying the matter before the departments. The wires between Goldfield, Reno, Carson City and Washington were kept hot with an interchange of views. President Roosevelt finally informed the Senator he could not send the soldiers unless the Governor of Nevada wired that a state of anarchy actually existed which the State itself was powerless to put down.