The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-04
THAT BOOM AT CRIPPLE CREEK.
swindic and Fraud AMI ii6-Cat Scheme
Putting u IN Appear nee.

Cripple Creek. Colo. Dec. 3-More
money VIII change hands on Cripple Creek
mining shares in the next two years than
the mines VIII produce in ten The man
without a block in MS possession IS
scarcely qualified 70 move in good society.
everyone IS playing al the game. One
remarkable feature of the situation IS
that the shares are stronger and cost
more here at Cripple Creek than at the
other specializing centers. II has been
the customary experience that shares in
corporation are usually weaker N the
section where the property lies upon
Wnlch the securities are founded 1t is
the old story OF the prophet not being
without honor except in h-S own country.
Here Ii is different. The quotations on
the local exchange are almost unva rying-
otner boards: The range of prices at
Cripple Creek today is that of Denver
and Colorado Springs tomorrow.
TOO much emphasis cannot be given the
warning TO investors 10 INQUIRE Carefully
INTO securities offered. The wildcat has
grown long claws, capable Of leaving deep
marks IN whatever financial hide they
may be sunk. The stocks at present Est
ed on the call boards are almost all
based upon patented claims, or on prop
critics for which the patents are under
way.
The brokers of Denver with returning
prosperity are a unit for the regsstra ton
OF all stocks of Incorporated mining con-
csrhs and thereby prevent over-Ssues.
The brokers at the exchange towns are
also IN favor of the proposition.
AS trade goes row, sales on the Denver
exchange alone range from 10000 10 p
VleD9 shares daily, the cash value OF
tnese ranges from $4,000 TO 5000, and
the commissions form a very svmrnetri-
cal aggregate. Validating. the floating
OF poor stocks and the over!ssuing of any
kind would peril this at once.
Denver brokers who drew on their re-
serves-when hey had any-to pay their
August rent are now ciAa ming IN SINA n IA sly
on their percentages. II IS too good a
thing 10 be jeoparded. 1t is represented
that the cost of registration would be a
burden upon cheap stocks This is met
py the proposition that If a, stock hasn't
a prospect IF earning a registration fee
II were better the company had never
been incorporated.
II is easy for distant purchasers to
form a fairly good estimate of mining pos
sibiht!es. As at present DEVELOPED the
gold belt in this state is well defined. II
res On either side of a line drawn from
Georgetown TO San Juan on the southwest
corner. Cripple Creek is not the ONLY
gold producing district. II is the hest
ana IL IS the fad. 1t is regarded by min
ing men that a shaft sunk almost any
pace here will strike pay rock ultimately.
Inc Inc nervous question is whether 1t VIII
strike the ore soon enough to reward the
original prospectors, and the early buyers
Of stock.
OF the condition of the CORPORATIONS
mat are at present contributing 10 the
great daily sale, some idea has ALREADY
Deen given in a condensed form The
statement of the ere productions was ROT
made at haDhaZard, but was based upon |
tonnage reports and smelter and mill
vouchers. The producing mines have re-
Gently taken a strong upward rnovemer+ !
IN TWO weeks ii has gone from the thsr-
TIES 10 the fft:es. For stock the par
Vaiue OF which is 81. a rise of 20 cents in |
such a pref time may be regarded as a |