Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1881-11-10

When this time came his profit might not
BE- enormous but. on the other hand, at no
time would his risk have been great proyid-
ed he held the stock in his possession. or
stood ready at all times TO take it out of
his brokers' hands This is what may be
termed legitimate speculation. TO 90 be
ynnd this Is simply trust in blind chance.
and any one Who. by so doing. loses his
money. Is no more deserving Of sympathy
than be would be if he had parted with 1t
az faro table while one who so operates
and does not lose deserves no other title
than that Of a successful gambler.
II is usually the case that dealings in
mining stocks are carried on hy a different
set of brokers from those who oouiinc them
selves "a railroad shares While shares in
some of the copper mines may be said TO
have a well defined value, growing out of
the fact that the extent uf the deposit and
the cost of mining il aRd getting it TO
market, can b. estimated with an approx
mate certainty, this coalition does not at
fsrh itself 20 the hundreds Of gold aud
silver mines which have had their shares on
the market Concerning these the iguo-
rance uf thc bu,cr ana seller 4. complete.
Perhaps TIE best illustration j. found III the
case of the Consolidated Virginia, the most
successful gold and silver mine in modern
times Here was A mine IN which large
number " people. east ana vest, had made
large Investments. Their interests were 80
great a, 90 call for and excuse the closest
scrutiny on their part The owners Of
shares on the pacrfic coast were. many o.
them, men Who hai a practical kuovicge of
the mining business. NJ doubt the man
aging firm uf Flood \ O'Bricu Kept many
OF the results OF careful investigation To
Themselves but examinations of the mine
we're uot absolutely prohibited. and il was
certainly possible 10 obtain points from
some ~ the great number Of men who we're
rmpI"ycd 10 working It. In short there was
never mine where the nduccment 10 get
ai the
rrrs .r,rr .r ,,,,tr.
vas greater. ana lev were The opportunities
i' 'p'ain al' the uiarmA'.'n that was 90 b"
Ni" "'fr h'l.'r. hAt !H spite ui thi> the
"'I.'" '-.',"N h'eamc exhausted amy
hundreds ~ >u5r@d men. Who hau pA.>rI
Year, DO ahH around mines. found the value
'' 'h' 'i'f'' h'.d hl Them almost com.
'' y " A"'' 49," '' "'.''sA ~ A'-
-I'n ~ uA HiAn ihAi anything .IAr thr
amount "' Information possessed concerning
iHr ul"'' iHAt are haa Acd around ths' ci'y
ana Nr" N"rA- There D. no undertaking
~. P has w a. 6" 'hr Initiated and "ril .n-
i.FH' (. M mnta "' uncertainty AZ gu.- hH4
'.',. lnH.u- L'rn to these sIch enter
lr',~ Af' lotteries. iu which the blank,
......,.,,,, ,t.., DO. ,L.. .-.,..,.,.,' 80, =.
NI'".''N .'I '''fl '."-'' 4"'.Af Y;
''''5 ''N A ,''T "'rH extracted
''"" '"' 'u'h ANA "h'h one tA'N !n."
"','.''. ,..' ,"'' ''a'H' i''''' '' some "' 'H'
-'''' A'''''.''' -i'h r "Ii'fn'A'
'>'''F''' 'N' magnitude n fht '4t''
'.'''' '''' h"-' II " hlNc uF ihr ps"P'r-
.'.'' '.,'''''' manifest II 'H NOT 700 m''h
' say '''. "'' one III twenty "i 'a' E''d
""' '..''T '."rN "h''' shares aF" h'.i "t
'-l '.'.]'A- ".., t''s i'' h'cA '' ih,m irr
'''...t ..'' ,'.," ii'~ .'' 'h'm' "N hTr.i
F.''' H"h '".'.h-- Ihr iFt'a ''. 'hn;
"",n NINE .' d.'."'"frd 40 ARIZONA, Io.-
f''.' '5 Vi '",anl. "h.'h hA- o" II. ~ th"
N'' '..'i"ifara. iAr f',>Ihi"iEr> Of great
W'H.. thr hi>'"'rf"r Il noi compelled i'
ra'r. -"F" or FN" msr- to The El,f. 'a
nal people willing 10 interest Themselves u
o. anal advance the money needed! Tor IL