The weekly miner. [volume] (Butte, Mont.) 1878-1881, 1880-07-27
From Saturdays Daily.I
THE Inning OUTLOOK
A Pre"perous Future Assured WIZ,
Without Capital.

ceded that a great future is in sto,e for p,,,.
ohe Oh tne pest indications that this belief
Will IN time resolve itself into reality is tho
commence OF our principal mining operators
III the perinanence and value of their proner-
t'es' which is now being exhibited in extern
sive and costly improvements.
In many of the mining cams of tba poo,eo
c'ast, The first idea of every man Oh discovcr-
Ing or purchasing a claim is to incorporate ,
company and sell stock, the development IF
lhe property being d minor consideration. This
IS particularly the case in Utah. Near psrL
City hundreds of utterly worthless claims
nave oeeh recorded and the owners having
no latin either in their richness or extent.
nave, almost without execution, refused to
speho L dollar in development but instead.
nave incorporated companies and placed, :,
TIE STOCK. so states the Salt Lake Herald.
In this territory, and especially in this dis
tflct, mining operations are conducted on a
basis altogether different, Among all the
hundreds Of valuable mining claims in this
district there is but one of them incorDorated
S'''hN " IGoS IIllil lHI lis
real value. Every mine owner of Butte, who
has money at his command, invests il
without fear Of consequences in the deyelon-
nlent or his claim and so far as can be. ascer-
tanned rot one of the rumber has failed to
make money by his enterprise. There is no
desire to incorporate. Men who are not al
together destitute are satisfied with an oppor-
iunity to invest theil own time and money in
legitimate labor, confident III the belief that
their mines will yield asuficient profit on all
expenses of exploration.
If the mines were less productive than they
are if it was the rue for the veins to pinch
out a few feet from the surface; it there were
only one or two mines in the district paying
expenses; or if no work had been done on
my OF them p owing their permanence and
wealth, then we might expect the prevalence
OF the s. Incorporating" fever; we might look
tor Il company to be organized ostensiDly to
develop every recorded claim we might be
compelled to wink at the placing Of mere
prospects on the New York stock board
"capital S., O00,OO0,' and we might look ever
for the establishment of a stock board of oul
own. But, thank Providence, there is no oc
casion for a resort to any of those disreputable
methods SO commonly employed elsewhere
to deceive and swindle capital into making
investments. Nor is there any occasion fol
the Butte mines to Ue pulled or mis-
represented. They commend themselves ant
need only TO be truthfuly reported to invite
the attention and secure the investment o
capital where capital is needed. But Butte
it is pleasing to know, is more Independent
of outside capital than any other camp in iii
west, and if men of means prefer to bu,
wildcat stock OF parties Whose anxiety to sci
is sufficient evidence of the worthlessness c
their properties, it is their American privileg
to do SO. 1t is only in a certain class Q
mines in this camp that large capital is need
ed, and this is the class in which water is ell
countered near the surface-rendering expen
sive machinery necessary--the very propert
. by the way where capital can be most profit
ably employed owing to the greater richnes
of the ores below water level. But thong
some temporary Inconvenience may be expe
rienced if the expected capital is withheld, i
is scarcely probable that the camp will SUITE
very materially or that the present hopetu
prospect will not be realized. A great impetu
has been given to mining operations durin
the past month, during which shafts have bee
started on the following claims