The Elk Mountain pilot., 1881-06-23
POINTS FOR CAPITALISTS.
From the New York Conservative

The more fully the cash balance IN
the treasury is used, the better it Will
be for the mlnts and the mines.
Capital is finding out the value OF
our mining interests, and is cautiously
but more literally than before invest
ing in it.
In mining as in every other pursuits,
there must be a fitness in the person
who engages in ito failure will be thk
result.
Practical knowledge and intelligent
perseverance alone accomplish practi-
cal results, and large profits are secur-
ed only by hard labor.
1t is always we'll to remember that
the value of a mine depends upon
what is in it, not what has been taken
out, or what some other mine has in it.
From whatever standpoint mining
is regarded, the prospect is most fiat
tering and encouraging, as every indi-
cation is toward an increase of benefits.
Attempts at mining by parties who
know nothing about it, and who not
only are thus ignorant, but have little
or no energy, tend to discredit the
business and retard development.
Power utilized, wisely directed by
wisdom and experience, must, in the
future, have a marked effect upon the
results of mining industry, both as re-
CARDS its prohtableness and extent.
In view of the fact that many in
vestors will visit the mining districts
during the ensuing season, every owner
should put his property in such a con-
dltion that it may show what it is real
ly worth. ~ ..
Many, no doubt, have by hasty and
injudicious investment, lost money
that never will return, but more will
lose money now by refusing to take
advantage Of the many safe opportu-
mites that are. aaM saastantsy.prescas
ed by mining enterprises that will bear
the closest scrutiny.
Mining is an art, and natures la
boratory is the place to study it. One
year or two will not suffice, but long
years of close observation, toll and
study are necessary to the individual
who would be successful miner, or in
any way be entitled to consideration
as an authority upon the subject.
Many mines that are not at present
returning dividends are in themselves
all right-but it is the leakages which
rob stockholders of their legitimate
profit. In fact, any mine that is a
good mine will pay handsomely on the
money invested if it be rightly invested
and properly cared for by honest and
cO,onata,t man
There is danger that those who have
met with disappointment in one in
stance, will, for that reason, unite in a
wholesale condemnation of everything
related to the cause of their loss, which,
in most cases, will be found to be the
result of unbusiness-like methods,
rather than from any lack of value in
the object of investment.
We need a revision of all existing
statutes, and the substitution for them
of one invariable code, which should
be broad enough to cover both placer
and lead mining. in all parts of the
United States and territories. AT
present there exists so much apparent
conflict that mining is one of the very
best fields in which the lawyer can ply
his profession.
Mines that to-day are worth many
thousands of dollars were worthless
prospects a few months ago, and the
capitalist would pass them by without
considering them of any value what
ever. The few shafts that have been
sunk here and there by determined
miners are doing more to restore the
confidence of capital in the value of our
mines than whole volumes Of theory.
Many so-called mining companies
were formed for the single purpose OF
selling stock, and the results are now
being made manifest at time when
the current Of public opinion is turn
ing in the direction of legitimate min
ing, which really needs the support OF