The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1889-03-02
AN INTERESTING LECTURE,
Investments in Western Mining Property.
Causes OF FailurO, etc.

Investments in Western Mining Property.
Causes of Failure, etc.
TO Ire Editor Of us IHtelt0eneer.
siR:-A large number OF people in
this community and elsewhere have
during the past ten years, made some
exceedingly improbable investmentsin
mining enterprises in the West, and that
industry has in consequence met with
much severe denunciation. lam mysolf
included in the list OF sufferers, but i
now believe that 1t is susceptible Of
proof that the great loss and disappoint-
ment TO investors has resulted from n
lack OF ordinary business caution and
conservatism, combined with lamentable
ignorance on the part OF persons interes-
ted In the promotion OF mining schemes.
based on property possessing no tanpi.
BILE or intrinsic value. 1t Is probably
true that in q few cases such losses NAV
be recovered by intelligent action In Tia
further prosecution OF work on aban-
doned mines, but in most cases the In.
vestors must become reconciled TO their
loss, and attribute II to the causes indi-
Gated. It is, however, both unreasona-
BILE and unjust that these unfortunate
people should stigmatize the mining In
dustry as a "delusion and q snare" and
characterize such investments as purely
speculative. and necessarily dangerous
aud uncertain.
The mineral resources OF the Rocky
Mountain region are, in the opinion ~
scientists who have carefully investj.
gated the subject, almost unlimitei in
extent, and far exceed the mineral de-
posits OF any other countries in the va.
riety and value OF the precious metal.
they contain, This Is well attested bv
the gradual but uniailing increase In tIs
annual production Of bullion during tbs
past twenty years, and almost every
season opens up some now mining dis.
triCt, whose output Of orc increases tbe
aggregate wealth Of the nation from thls
source, and affords new occupation io
capital and labor. II this statement h
true, then there must be some minins,
enterprises that II intelligently cons
Quoted must bring satisfactory rewards
TO those engaged In them.
This subject Is one OF great itpnh,t.
ance when considered In Conneeijon
with the numerous disadyaHtS1CSS az
tending industrial pursuits in lhe Eost
where intense and ruinous comnntitjo,,'
has resulted in compelling indiyidnSis
and corporations to organize iinnonsss i"s
trusts and combinations 10 control wSe rnar'
y all manufactured products, tic Tan.
dency Of which Is 10 restrict Tic onSra sU
tion and limit the opportuniiios NJ vos
sons OF moderate capital. II tLeteESs.eo .o
becomes an interestitigquestion IN /. ao,''
II We, have In this country a ield ~ JS"Um NV
terprise where this class Of ons ,,aJ VI uh-
may hope TO better their condltlobp pOol"e
In order 10 contribute ne ,n,,L 4.
formation 9s possible, and with NV v,nn. nm.
OF explaining the legitlmais cnnsnl Wv
success and failure in mining oneraiions aIjo "
Mr.. Carl Wulsten, civil and ,nGniSs Giirslons' ll'
Hlneer, Of Colorado, has ConseniHd = en- n,
I'VE. lecture upon the subject M ,n. ue-
known Mr.. Wulsten porsonaiIy n. nave nrI!
eral years and his long eSnS,is,.!s iUI sey-
mines and mining fully aualSGesSe lSGsenGS i,i,S, "a
speak authorltlyGly and inteiIiSonii, ", 70
THIS subject, and l cordlalIy +sSo,,,.yS y oh
tute, 4, "fioi,u ~ us leo