The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-14

Out of the state just the Same when
Man Arrives on the Scene from Another
State and has Money, He is Given Lots
of Attention-story of Mr.. stratton ana
His Bank Account-Other Tales OF the
Boom Around Cripple Greek.
crinple Creek, Colo, Dec. 13.-Nearly
all the Cripple Creek mines are oWned
In Colorado. Ninety per cent OF the
properties are held by Colorado springs
men II IS safe TO assert the control CT
The mines will never pass away from
the citizens Of the town. In Few OF
the producing properties are offered OPP
nort11rties 10 outsiders for the purchase
nf ? majority of interest. Your Colo
RADIO Springs invalid knows sood
thing, and the management OF oiVl-
6end-paying gold mine comes strlcliy
under this head. Cripple Creek mas
nroduced in the four or five years OF us
more or less active history S3'oO IOr
every man and woman ana theF Oh
spring in the state. OF course the men
and women and their offspring oid floN
get the money and never VIII Ihere
h1ln1TEGS even Niibh--N-@~~
ems in Colorado who will never hold
en- thair hand at any one time so much
as $3.50. But the per capita pan
saanns to be the popular form OF arrang-
ing statistics. and $3.50 for each hui
man head in the commonwealth is what
the golden circle product for forty
eight months represents. The men
who have dug this metal out OF the
earth. who have packed it to the smell
tiers and sent the yellow result TO the
mint sTave an abiding rock-bedded de-
termination 10 hang on to their earn
ings and the holes in the ground from
whence the money came.
Winfield Scott Stratton, thrifty, fru-
gal man that he is, a short time ago
received an offer Of S3,O0O,OOO for the
Independence claim.
SUSPICIOUS OF WEALTH.
He declined the offer promptly, but
did not base his rejection on the ground
of insufficient price. Quite different
We're his reasons:
What could do with so much mon
ev?" ne said. Il could not manage
e-I,cb a barge sun in one bunch. I'd
lose it. With the hundred or so thous-
ands q. month I mine now, have much
difficulty. l cannot find investment
As long as my money is in the mine
know where it is, and when L want
more can go and take it out"
Truth TO tell, Mr.. Stratton is not the
kpenest fnancier in the world. Some
1nillionai7es can tell you to dollar
how they stand with the world. They
can do so. although they rarely lavish
such condolences in strangers. Mr..
Stratton possesses no such detailed in
formation concerning his own affairs.
IN October-two months ago his mon
ey matters began to worry him some.
He had purchased largely of mining
properties and as nearly as he could ar
range his deposits and drafts in his
head, he was about even with the banks
and possibly owed a slight balance. Mr..
Stratton dislikes to overdraw, and
when the idea occurred he became still
more worried. He wrote his bankers,
giving at length his views on the sub
ject of balances and overdrafts and
craving information touching his stand
ing.
HAD A FAIR BALANCE.
Soon he received a reply, saying he
would be informed Immediately upon
the disappearance of his balance but
need have no fears of present poverty,
as the bank then owed him $685., 600. To
abandon Stratton to his millions, and
return 10 the mines. In referring TO
ahe possible investment Of outside cap
ital. H. p Lillibridge, one of the large
mine owners. said:
I'VE are not at all anxious 10 have
eastern men come here and buy our
mines. The development of Cripple
Creek properties is wholly due to the be
lief Colorado men had IN It's future. We
have made it the money making dis
trict it is, and we intend 10 have the
benefit Of our courage and confidence
in the district. Some mines have been
bought by outsiders, but not many.
The greater part of the gold production
VIII he kept here, and rebound TO the
advantage of our own state. The con-
troll Of the mines viii remain here"
il need not be Inferred that Colorado
is turning away money at the doors.
There is no organized effort 10 club
capital away from the reserves. y
man with a check-book is held in high
regard, whether he comes from London,
New York. Chicago. Denver or Manitou.
There is that peculiar property Of mon
ey which. Il il does not, ike the touch
of nature. make the whole world kin.
makes il at least put on a friendly
guise. Up TO 45 per cent OF the capital
stock Of a paying property any one
may purchase freely, and he encouraged
and applauded in his OUTLAWS. For the
TemaininE 6 per cent Of the majority.
The chances are the acquisitive stranger
VIII have 70 bid higher and higher, and
st.u fail Of the certificates. In nearly
ell Of the seventy listed and more or
less active trading stocks. 80 per cent
Of the capitalization is held by two or
three safe men. OF course those spec
t4ative securities. printed and market
81 L.
obstacles are interposed between the
Investor and the accumulation Of a
srunkful Of certificates.
MONEY IN INCORPORATION.
There is money in the stock company
business. however. crudely and imper-
fectly conducted. Many examples in
direct point might he cited. but one is
as good as 4 thousand. Ten days ago
or 50 some New Haven capitalists
bought a claim on Raven Hill. II was
an old location. held for speculation
only and owed its value wholly 70 the
producing mines in the vicinity. Raven
Hill is one Of the gold lined elevations
Of the camp. and any kind OF a pros
poet viii bring fancy sort OF n price.
The New Haven purchase. upon which
assessment work only had been done.
comprised eight acres Of territory. and
j " Blackner. district attorney for
FL Paso county. on behalf Of his New
England citizens. paid S2S0o0 for 1t.
Then the New Haven Gold Mining COM
pany MAS organized 10 operate the
property. The concern was Capitaliz-
od for $500. 0oe Il would be distinct
ly breach Of mining exchange etiQuet
10 list Raven iIill property. be Il
never 50 crude as to Development and
uncertain as % future merit. at less
than cents per share. Il would De
IN objectionable commercial crime.
Understariing this. Il may be readily
computed that the Connecticut capital