Telegram-herald. ([Grand Rapids, Mich.) 18??-1892, 1889-08-18

ft~lt 70 t-E-l- AZ 49, -eal-ssll---ae- -
CO. --llcer1s. lss1rs . So .l--es eEvsfeS-
rs. Fr--es - go fa.-i lA4t .he present
Frcs rlst9rs are 4za11r - .Taet G. re11--a
8. --1 le.-1 ~ Tie elsieeE@S e11 ff4s tlef
r~tsl1 l4rSs s1zslsl1l latele.s1s L1efslu,
psy l4fs~ slf--s ~ q Ls11-A pfca4otsr'
eI oroAsr - 4. 24l4s ll3.. T. rs4ll l4pi-
Ca aB1 lrss~i-l.s l.as glalssae--a.. = ooin-
plstS1 81 4 --a koe eeg ILslr essa
4n1 IasiE $50 -r-1 are retained IS f4s
- aries The specllal1r All grosaoter
~ax rica. 4E1 ever t.dY even g1e Ia
sesfor Is happy iI Is wAsa dividend
tav comes ro4ni hat r.la 4sg nAiaea ID
dlsi.l IA os,11les miserable.
~ wonder tie oausrs q industrial
concerts are wiling 81 sell 9lt g. ier-
sigueIs ~heg shey car gst I~o or three
prose- fof taeir property Over lD Lag-
lznl lalsrest rates are 80 i0a HAT of o
per cent 4sfs-Es large % the ewes - an
Investor. aut prospect ~ ~ per cent
seLs him crazy Nhlls tleir interest
rates are La. tseig notions = 8 proper
capitalization axe very llse. A certain
American Llssat.4a VI lca has ueeu bat
FAIRLY successful in America Is beins
worked II ga rhe LNal9ners for 81, OcJ.-
90 Tie sair trust -@s q capital stock
u 81 300 OoJ A capgaAEaf.oa u a Ger
tain manufacturing company j. beng
marketed ia L.,ldon. tie total Dells the
enormous SAN II si.5t) GO Another
company, a small bug pro porous manu-
featuring concern fu0.estly ASS for bat
500 90. Two far western breweries
have dubbed together and struck Lon
don for E. 0O0. 900.
Those are but Instances, Of which
could mention many more; and there Is
al aliuring scheme CA foot for tie CAPT
tallzAtion of land company. the site Of
whose town has not Yet either a railroad,
a telegraph office or . postotfice"
The English public VIII invest in any
thing providing the promoters pat their
capital high enough and DO not promise
too much. Englishmen are suspicious
81 any scheme that talks Of 10 or Is per
cent. profits. and arc disinciined TO III
vest unless the capital runs up % pretty
round figure MANY meritorious enter
prises have failed % attract capital sim
ply because they did not put biz enough
price on themselves. The old saying.
Strike high II you lose your Ratchet, p"
I applies in this case. These English in
vestOrs do not seem to profit much by
experience. either. They VIII even 90
| into mining companies Notwithstand
1 ing the fact that out OF hundreds OF min
| ing companies listed in London only
| forty have paid dividends, 100 new com
4 panies. with a nominal capital Of S70,-
J OOO, 600, were capitalized in England last
year.
Among the new mining ventures now
being successfully marketed in London is
one which has some novel features 1t
IS called the "Wyldsdale Gold Explora-
ion and Developing company, limited. "
1t is incorporated for the purpose of 40
quiring the concession granted by I'm
bandine. king and paramount chief OF
| Swaziland, South Africa, upon the
slopes and spurs of Makonjwa mountains
,nd ancient valleys, on which have been
found both rich alluvial deposits of gold
and numerous gold bearing reefs" The
tract of ground granted by King I'm
bandine Is thirty-seven square miles, for
which the lessee is to pay but $500 year.
Nobody knows whether there is any
valuable orc in this land, but the fellow
who secured the grant will undoubtedly
be able TO sell out to the company for a
round half million, for the gullible En-
glish public has promptly walked up and
planked down more than million dol
lars 70 equip the company that is TO ex-
plore and develop the alleged gold coun-
try.
TO transact the business OF these spec
ulative enterprises innumerable trust and
banking companies are springing up in
England" says Mr.. Whelpley. These
are speculations in themselves, in which
the organizers are sure TO make money
by taking advantage of the craze. An
Example Of this was recently had in thi.
.ity. 4 friend Of mine organized a new
rust company. subscribed for the stool
himself. and on the boom disposed Of the
most Of 1T a premium which has al
ready o. 4 him $4,000 profit. Th'
mania for speculation by means of incor
Dorated companies and consultations o
Enterprises has largely taken the place
T stock and grain gambling. In m
opinion il is by far the most dangerou
Evil OF the three
WALTER WFYINAS