The Neihart herald. [volume] (Neihart, Mont.) 1890-1901, 1892-03-04
MINING.

signs himself "Experlence'" mas
written q long letter to the New
York Financial and Mining Record,
his theme being Stocks, Bonds and
Investment Securities" 1t is Almost
interesting article, and when ne
upon mining stocks and min
ing investments of the west, he
demonstrates that he is right at home
on the subject, which he treats as
follows:
.There is n branch of business
that has been almost ostracised in
eastern cities of late years, the mere
mention of which will, I find, cause
a holy horror and one grand howl
of protest and that is mining. No
doubt many readers will say, Oh!
that is what he is coming at, is it!
Yes; that is just what ! am coming
at and I assert right here that there
is no business that pays better. And
why it should be so universally de-
cried and why such a prejudice ex-
list against it, will be answered, no
doubt, by the remark, 1T is such a
swindle.' This view of it simply
shows the stupid Ignorance of facts
and of the business. OF course, no
other swindling business is ever heard
of!
1t is all confined to mining. The
moment you talk to a man at the
present time about a mine he will
tell you Of the lot of worthless min
ing shares he found in his daddy's
strong box after his decease, He
doesn't tell you of how many worth
less railroad and other stocks he
found, or how many thousands of
defaulting bonds and schemes in
general. This encouragement of
mining and mining bueiness is great
ly aided by the wholly horror of bank
presidents and directors when the
subject is mentioned.
Suppose this prejudice existed
generally, who would do the mining,
and unless some one did it where
would the gold and silver come from
to supply the vaults of these same
banks? What short-sighted, con-
temptible and s~enseless talk it is.
Banks must have coin, but they de-
cry and discourage its production
and discriminate against the men
who produce it.
"The fact is, this community is as
ignorant of Legitimate mining bust
ness as babes in the woods. All
they know is that at one time schem'
ers and swindlers put a lot of thu
stock of worthless mines off on thei:
daddies; per consequence, all mines
are swindles all banks are frauds
because some have failed. And, a.
a general thing, who perpetrateo
these mining swindles? In MIN
out of ten, the very men VIII
are a part and portion of this bust
ness community. The schemer's HON
productions and the money remaine'
here, as the real owners of the mine
received but a fraction of it, but i
was the innocent mine that got al
the approbium, because it failed t
turn out the millions promised b,
the home promoters and manipul
ators, and no mar having any sens
could expect the mines could pa
any such fabulous profits; and We
some mines do pay big profits o
the investment. Where does all tn
gold and silver constituting the met
allie circulation of the country, com
from? 1t doesn't grow, certainly
What has built.up the great cite
of the extreme west-Denver, Sa
Lake, Leadville, San Fransisce
Mining. What has populated Coll
RADIO, Wyoming, Idaho, and il
augurated an era of prosperi4,
Mining. Where do the dray loa
of gold and silver bars we see dai
at the doors of the banks, minis a
sub.treasuries, come from? 7
great west is growing rich from the
products.
A great and profitable mini
business is building the palaces
these western cities, and yet N,
York ignores a source of profit
beyond the daily jack-knife sw'
ping of wall street. Ten per ce
Of the capital used here daily, real
ing a paltry one or two per cent.
judiciously invested in mining wo,