The Ketchum keystone. [volume] (Ketchum, Idaho) 1885-1899, 1891-02-07

it, but they go into Wall street and
get cleaned out root and branch, but
THAT is all right, whereas the cham
ces in mines are ten to one over aa
investment in Wall street. ~
have in my mind this moment
two men to whom l presented 9 le-
gitimate mining proposition and
only asked them to put up a small
installment on q working bond, but
they couldn't think of such an in-.,
vestment-too much risk and un-
certainty. They had their legiti-
mate business and could not depart
from 1.-THE legitimate business be-
ing dealing in shares in Wall street.
| said: There are. no panics in
mining, It's legitimate business,
and the percentage Of success is
many degrees above even merchan-
dizing and hundred per cent over
Wall street." They declared min
ing to be a fraud. l said: "Sup-
pose that belief was universal and
everybody quit it, where would you
fellows get your money to gamble
on? You don't want to do it, you
want 'tother fellow to do it fer you.
Well, wait and see how you will
come out on your theory when the
next panic in Wall street knocks
you sky high.
Sure enough, it was not many
days before panic DID come, and
it SO happened these very two men
got it heavy. One dropped an even
100000 and the other over mill
ion. 1t was only day or two since
that encountered one of them in an
elevated car going home, and could
not resist rubbing it in little. /
said: "How about legitimate BUS
mess in Wall street versus mining?"
He got up, parted'his coattails, and
said: "Just kick me, will you?
Why in sheol didn't you make me
put little money into that scheme?
Why, l have lost enough to buy
half dozen mines" "Oh YES, of
course, but then that would not
have been your idea of legitimate
business you certainly could not
have lost your money more effect
ually."
No, it is of very little use to talk
mines and mining to these pig
heads. They fall back on tradition
of how much money somebody lost,
and talk of the wads of worthless
mining stocks they fell heir to from
their daddies, but when you ask
how about the cords and cords of
worthless railroad shares and bonds
they found in the tin box, they are
mum. 1t is exasperating to try to
talk to such narrow-minded, big
oted fools. New York is no market
for mines. 1t matters little how
good they may be, the prejudice is
deep seated and it is labor lost to
undertake to get a dollar toward
this the best and safest business of
the day. If one effort in ten sue
ceeds that one success covers all
the previous losses, probably, and
puts the individual ahead.
We fellows who have been there
know all this, but we waste our lives
and time here in this kind of mis-
sionary work, and California miners
must fall back on home capital and
home enterprise. There is no help
from this quarter. We have coun-
try that is unrivaled, and a business
far ahead of Wall street, SO let US
thank the Lord that we are not
doomed to live always in this cold
blooded, bigoted country. You fel-
lows especially who live in your
pious little village should be thank
full. You are free from panics, and
a slump of ten per cent on railroad
stocks don't keep you awake nights
and walking the floor. All the Cali
fornians over this side are fiat busted
and trying to beg or borrow money
enough to get back, and they don't
have much success. Every fellow
that has a dollar to lend, finds
plenty of customers among his own
friends. The only salvation for the
busted California community rests
in the faint hope that the railroads
will get by the ears again and put
fares down to S25, and it would be
strain to raise that. Your SYM
pathies should 60 out, too, to as
fellows who are waiting to get the
money for what we have sold. To
make sale of anything is difficult
enough; to get the money after you
have sold, is trial of patience and
endurance. These people can owe
you money and come nearer not
paying it than any community that
l ever met. They are cheeky lot,
you bet - f
Fined the Corpse. ss
Two men met in Tombstone tho
other night who had not seen each
other in fifteen years. When they
had talked together for ten minutes
they discovered that they had both
been on Coroner's jury in Mon
to,o ~ vhinh IN GOV tho lpaat wae 4