Weekly Arizona citizen., 1880-11-20
uSING
Plans and Purposes in 3gming-soine Sensible Remarks on the FTild-Cat sv-.cul OF Organizing rompanles
e-..an Ecn.nmi.t.I

The auidiy with which sO-caiied
 mining c0mpauie, are coming into
 sZisfeucc can out excite ihe attention
 of the cdpitalis, as ol tle public gen
 eailV. We hold that ming is Ice giiima.a Industry, but looking at the
 average so-cailed miuiug company.
 we do not wonder that many fail 90 discover evidence Go prove the asser
 lion. While both railway and nm
 ing stock are proper pieces ol trad ing prHncrty, the public does hot for a momcuJ invest or trade in railways
 without frs thoroughly investigating
 alI jhc surroundings, such as length
 oi road, character 0f the country
 through which the road passes, ijs
 mpnaEenent, and its resources.
 With mining. such a coursc Is lhc
 exception. The promoter of mining
 scheme, according to the most ap-
 proved plans of organization, starts
 for some remote mineral belt of
 -uppos!tiOus character, and early sa-
 cures expert testimony as O its wealth
 and production, mainly upon pros
 pective basis: and with data in hand.
 including rep rt, of distinguished as-
 savers of the value of surface ores. be at once arrGnees his plans and puts
 forth the prospectus of the Invest
 Ors Grand Consolidated UnchaiicnEed
 Gold and Silver Hydraulic Mining
 Company, the property of W. ich,
 ShOuld any be found, Is located in go distant 5 ate, the reputed organiza- lion of which Cmau4tes from StIie . quite remote frol the property rep re>entIug the m ne, and the offices oi which aIc in large money center | sull further removed With this. and ! before the mine is worked. the man . agemcul seek tue stock board and se- cure reports of sales. and the grcat | JuchIiie1-ed is ready Co ride Co honor and 70 fame. We contend that this method i> not legitimate mining. and that lLe result sure Co follow is that tue concern and ils management find grief before they strike ore. 4 nigL->uuudlug name, mere certificates of assay, expert testimony, huge spec imcns and nuggets ali look well. but honest industry and strict business honor will alone bring solid worth. Our country, tne richest in the world .u mineral wealth, cannot afford to stop short of attempting thoroughly To eradicate the merely speculative -rOsDectOr and locatof. We have the mineral in iucXhaus'ible quantities; lur resources ID the precious metals .rc of unknown value, except as pro- !uced and our legitimate mines are 'rOlucing, speaking volumes for the honest pruspector, and paying ihe cap. talist for lhe use and risk of his , money literally.
 We are well aware that with mIl- ions oi uu mpluvcd capital, -pecula- ] lon will turn largely toward mining q locks; bu while we shall not cease to n raw public ntiOn Co untrue 'Tad- lg in sY-Calci mining companies. Be assert that legitimate mining Is rowing with the growth O! our couu- -y. The industry and thriu in our n EIculJurl. dis iicjs the ij-h piice | i railway shares, tbe invryasiug ,al1e O { government bonds, tend to the em- q Ioymen- of capital in mlliug enler- n rises, an3 the more the business can lI g divsStcd of speculative icudcuclcs S be larger will be jEe dram cf funds s .rm o.er-stockei nom paying vaults, nd their use iu the development and T management of legitimate properties % ud mining enterprises. From the r resent piethoric conditions of the g honey market and the extremely high rice. Of railway shares. We regard r. lycsrmeuts at present low prices in v Ie leading mining companies a, most [ tvoiablc. The tendency of lhe mar '' et is toward the paying miae for le- !. luma'e investment and correct bus ness purposes in mining