The semi-weekly miner. [volume] (Butte, Mont.) 1882-1886, 1882-09-30

OUR CONDITION.
II hes seemed advisable at THU
juncture to give some attention t.
the financial condition, stability and
future prospeets Of this ~ mining
camp; and to this end the views O
the more prominent citizens n thes'
points have been solicited aud pub
lished. 1t h the province Of journal
Ism especially to aid in restoring con
ndeuce at all times In the public
mind, and to prevent a. much as pos
sible imitation and consequent depres
sion, booms and their necessary reac
tions. The view that = public journal
IL the sole property Of the individual.
owning the type, presses and mate
rial, aud can be used legitimately in
furthering the schens Of stock JOB
bers and wildcat operators, il not the
correct one. The public that supp Tta
q newspaper have sort Of implied
contract with It that its utteranees
shall be honest, reputable, and In
furlherance Of the interest Of its pa
irons. Whatever may he the views
Of others upon these questions, the
MINER mas IL the past, ~ 1t will lie
in the future, governed by these
considerations.
It was In the line Of adherence 10
this rule that the MINER, without
making any preten~e to newspaper
s;,gacity, predicted over one year slo
that the exaggerated representations
Of mining properties seeking sale or
excessive capitalization was sure to
result disastrously to men engaged in
Legitimate business pursuits. The
tendency at such times is towards in
flation and an over-crowding Of every
avenue of business. A fictitious coll-
lition of affairs cannot Ike long main.
ard IN the return t. the real
conditi7n there are Of necessity fail
urcs which directly or remotely affect
the business Of every member Of the
community. 1t Is q positive injury
to the business man that an Eastern
even, should lie robbed
through any false representation Of
In this region. The man
who has property Of value is slut out
from maxim; disposition Of it,'and
contributing his sbare to the parcel
that swells the aggregate Of business
Transactions. 1t is possible for pin
headed creature, whose opinions are
worthless upon any subject, but who
Is permitted by an inscrut able Provi-
lence to afliict mankind through
newspa pers, do much harm through
gabble.
The unvarnlslled truth as it now
,eems to present itself to every intel
igeht business mind, is, that the
mines Of this district nave received
! black eye. Under u hal!ucination
hat Eastern capital would pour
nto the Territory, tic Montana Leg
stature put an embargo upon the is-
ue of assessable mining stock. Mines
we're stocked with a reserve OF treasu.
Try stock for working purposes, and
he inevitable result came on, that
he stock either deprecated below
my figure that pr0n,is eti u working
eve:.ue or was s,r,n cxnnvsieu, ana
he companies were brought to an
stand-still. This state of
fairs, together will, an over-capi-
alization Of mining properties large
= in Increase VI actual value, have
laced some Of our most promising
mining properties where they are Of
70 value to the trade or business Of
he community. The mines Of this
eyiop, according to the concurrent
Of men who are in posi-
ion tn know, were never more prom
ling than to-day. They are prmiuc- !
~ more bullion and employing more |
sen.
The gauge that great many use as
test for the financial condition cf !
nv place Is the abundance Of ST.
'ons, gambling houses ind iisrepu-
lille places. Judged b: this stand !
ri Butte Is rapidly retuga.lins IN
rosperity. The large num'cr Of
men who found aa,ple and
igl.ly rem,unerative employment |
ere last summer gave an appearance i
fictitious prosperity where these
icn sa'wed their money. These
s','e men are now living more pru-
entity. They are using the same
mount If nccessaries, but are dis
pn>iny with the luxuries. The sa-
'.,n business in Butte il not ~ good
) 1t Wa last season, aud probably
ever will tH. The times when men
,ul.i pay from $:3sm I" SkM rental fer
stand IL retail liquors and cigars
ave gone froh, our gaze. The fact
their departure proves nothing
.aiust the prosperity Of this pace:
bile the fact that such rentals ever
id exist slow that it Was in a period
frverish aud unhealthy excite
:ent. Every other line Of b,lii.ess
ON the concurrent testimony Of
'ery business man, is carried
4 with satisfactory degree Of profit.
here IS nothing in the situation to
cate any feeling If dependency,
bile, Mt the same time, there is
nfl,in;y in O,,r s,,rrO,, n6lin,.s IN iusfi. !