National Republican. (Washington City (D.C.)) 1872-1888, 1881-03-19

for. Stock gambling is not mining, and would
advise all who have no money to lose to steer
| clear of all mining stocks. Those engaged
| in pushing stocks know but little of and
care nothing about the value of mines.
All they desire is to get hold of the
peoples money, and whether the mine on which
stock is based be good, bad or Indifferent does not
enter into their schemes of speculation. II there
are ready dupes to purchase their paper, that Is
| what they are after. Years ago knew of Georgia
and North Carolina gold-mining stocks hawked
| about Washington that were not worth the paper
| they were printed on. knew man once clerk
| in the Treasury Department, who afterward went
! into the cheek business of
| swINDLING UNsUsPECTING CLERKS
| If one wants to be gambler let him make study
OF the business-and he has got to be very keen if
! ne don't lose his mOney-but never by mining
stocks of any kind with the expectation of realizing
| on your investment by way of dividends. You may
possibly find some otherdupe TO take your stock off
your hands at higher lower, or at its cost to you
but dividends rare and when declared is gener-
ally game to deceive and create market for
the stock. When the stock is all sold the swind-
| lers have your money and you have their worth
less paper, and in the transaction the mine very
likely is forgotten Or if of any account worked in
the Interest of parties not controlled by or in
any way accountable to the thousands of
persons who hold the stock have many friends
and acquaintauces who want to turn an honest
penny in some safe investment. To such say, sit
down On your cash till you find safe investment
or, If not satitied with that give your money
to the poor. Never give it to swindling stock
jobberS. This country needs, as have said, CAPT
tai, and there is no question but that Arizona
give very large return for money well laid out in
mining interests. But the problem how and where
toinvest to the best advantage is perplexing one
| to solve.
TEN THOUSAND CLAIM HOLDERS
all anxious to sell, and all eXtolling their own
claims and deprecating every other, make 1t an
exceedingly difficult matter for any but experts to
determine who TO believe. Mining must be re-
duced to business principles and Invested of all
speculation to make it safe for investors. Like
any manufacturing mercantile or commercial
operation mining should be carried on, and in
that manner the extent of the business will depend
on the capital applied to commence and carry
it on. There are many claims that show
good paying ore on the surface, and may
be worked with a profit as soon as the
proper appliances are put in place 10 prosecute the
work. Others give signs of promise that show
nothing but low grade ore the surface With
proper appliances and with economy the low
grade ores may be made to pay expenses and more
too, and there is where inexpensive reducing
works would enable the small capitalists to
thoroughly prospect their claims and determine
their value. Should the Government or company
of capitalists undertake to furnish these cheap ap
planes, first securing the cost of them by lean
upon the mines, it would afford many men
of small means an opportunity to develop their
claims and set thousands of idle men TO work 1t
would give the mining interests a boom such as
was never known before, and the click of the pick
and drill would make music all over our noun
tain sides, and the blasts of giant powder would
reverberate up and down our valleys andcanyons,
exposing the gold and silverg ilded rocks, such as
the world has never witnessed. There is another
business to which invite the attention of such
have the inclination to consider it. III nearly ev
cry town and camp there is restitution ofhouses.
Rents are high for the poorest accommodations,
and there are very few who stop to consider the
interest made OH the investment of
FEW CHEAP HOUSES.
know of nothing that would pay one better in
the shape of a safe business than to engage in the
building of houses in almost any of the new towns.
Rents are not at at all gagged by the cost of the
buildings. They will pay for themselves in two or
three years. An adobe house of two or three bare
rooms, costing say 500 and renting for $50 per
month, makes a paying investment. At Pinal,
near the Silver King Mine, l am advised
that rents for such buildings as 1 have
uSsCIlDSu dIG at GIlIS Ihlc LII tHSy
are also very high, Notwithstanding much house
building is going on. But very few have the
money or disposition to go into this kind of bust
better class of houses being put up than
heretofore. and quite likely such large profits can
not be obtained from rents In the near future; but
still there will be big money" rewards from this
enterprise. Merchandising in all the new
towns is very profitable, and mechanics of
ali kinds command high wages. But it
Is poor place for drones of any kind yet there are
many here, but they exist like the Indian. few
good farmers from the East are needed very much
to appropriate and utilize the lands in the few
watered valleys. most astonishing growth is
produced wherever water can be had. But will
not the responsibility of advising this class
of people to pass over the rich lands of the
Western States TO wander over these deserts In
search of watered valleys. This is essentially
a mineral country, and mining Is and must
be the commanding interest. All other
enterprises are simply auxiliaries of this
one and all-imporant business, and as it grows so
will all the others. The numerous hundred
pound bricks of silver laid down at the Florence
express Office almost every day are an indication
that the mining industry has made good start,
with the prospect of rapid development all over
the Territory. shall eudeavor to keep informed
ofwhatcver there is ofimporance or of interest to
my eastern friends, and shall take pleasure in an
swering any inquiries, and to communicate to you
whatever seems to be of public interest
C.E. DALEY.