Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1886-10-08
TIE " BOOM"
Ii Is Extending to Mining, the Most
Remunerative Branch Of Business.

That most excellent authority in |
such matters, the New York Engin-
eerlng and Mining Journal, notes a |
very marked improvement in bust
ness in Europe and elsewhere. 1t
says: "The great revival in business
that has fairly taken root in this coun-
try has more healthy tone and bet
ter prospect for enduring than the
squirt we had year ago. At that
time, as we pointed out, every branch
OF business was lifeless throughout
Europe, and so closely connected are
countries to-day that no one can long
enjoy great prosperity while the
others are suffering from business
stagnation. Our present active bust.
ness is accompanied with a decided
Improvement and better outlook ia
every European country. There is,
consequently, good ground for the
belief that we have fully entered
upon great wave Of universal pros
perity that will carry us forward for a
few years at least.
1--WE are not admirers of sboomine,'
and we hope the present business &C
tivity may continue to increase at
such an even and temperate rate that
the wild excitement and violent huc-
tuations that are the symptoms of
booming may not be seen. A more
active interest in mining and greater
desire to invest in mineral property
have been very noticeable for some
time past. We are also advised from
London that a real boom has come
over phlegmatic cousin John, and
nothing is talked of but the great
gold strike in Transvaal, South Africa.
1t is said that the mine produces large
amounts of seven-ounce rock. If this
be so, it will 60 hard with the Beers
to hold their country, and whatever
the rest of the world may gain, they
will probably lose.
"But as 'one swallow does not make
summer so one find of seven. ounce
ore does not create a rich mining
country, though it is sufficient to ex-
cite the average London mining
broker. The example of the Indian
gold mines, in which so many millions
have been sunk on the fortunate acct
dent of finding one, but only one pay
ing mine, the Mysore, among the vast
number of prospects sold at the prices
of good mines, makes it probable
that fresh lot of good money will
60 out from that great paradise OF
= worthless mine-venders. 1t is safe to
predict its principal return will again
e be the valuable but UNDECIDED expert
ence that prospects are not mines
q that an investment in the shadow of a
t neighboring bonanza is the most uD-
q substantial of values; that the pros
! pectuses prepared by London pro
moters' are generally works of pure
imagi.. ation and financial will-o'- the
wisps; and that no public mining in
vestment is WORTHY of attention unles:
the value of the property has beer
ascertained and is vonched for in de
tail by competent, disinterested, anc
y honest experts.
. "But it is not our province to war;
u Englishmen of the shoals and quick
s. sands that surround Indian and Afri
IS can mining speculations. Nor is i
81 possible for us to buoy every sunkel
reef that will wreck so many Englisl
/ investments in this country. Flo
II some time past, American mines hav
e found ready sale in London, and 70
e the most part, those offering there ar
e either absolutely worthless, as in sew
3 eral cases we have exposed, or are S
L. vastly overvalued as to be little shor
of swindles.
"Mining never was more prosper
Gus in this country than it is to- da,
and there is no kind Of investmer
- that offers SO large a reward as tia
!, prudently made in mineral propert.
- neither is there any other country
,e the world that has so many goo
I'd mines or offers so many of the ell
u, ments of success and profit to the il
e. vestor."
D. A Captains Fortunate Discovery.
mt Capt. Coleman, schr. Weymouth, pl