Pine Bluff daily graphic., 1895-12-10
HOW TITS WORKED UP
SYSTEMATIC ATTEMPT TO CREATE A
 POPULAR MINING CRAZE.

Gold Fever Growing Cheap Certificate'
 soId-AnuriDg Literature ArousinG VI
 sions of Barney Baruato's splendor
 Cripple Creek the Field.
 Since blind pools became an unpraf itable, not to say hazardous, business to follow, the men who live by theil wits have heen figuring on some othel scheme by which they can humbng the people and take their money without running too much risk of landing i'll the penitentiary.
 The indications are that gold mining l speculation has been selected as the safest and most profitable of all the schemes The danger is not so immedi- ate as with blind pools.
 Public meUory is short. Several years have passed Since thousands of people all over the country lost their money in gold mining speculation. The schemers evidently figure HOW that another crop of lambs, another generation of gullible suckers. has grown up 10 be fieeced, and they are after the game. They are try ing to make the geld craze as popular now as if was in 1849.
 This new scheme is no ordinary one. It looks like a gigantic, well planned, concerted movement covering the whole country The men behind it have ap- parently no lack of influence, and are ready to risk their cash for good re- turn from the suckers. Cripple Creek is the scene of their exploits. New com panies by the score have sprung up whose alluring prospeetuses hold out great inducements to the man or wom- an who is gullible enough to invest.
 Nothing catches the ordinary person like gold. Ill newspaper story about the finding of a miser's pot of gold, the uncovering of a big nugget or the short- age of the yellow metal i'll the national treasury will attract the readers eye and attention as quickly as any class of reading that can be secured.
 This seems to be thoroughly under stood by those behind this gigantic movement to inhate gold stocks. It is, said they have secured the cooperation of one or more newspapers i'll all the larger cities of the country. as well as a number of news distributing agencies, to aid them i'll creating public interest in gold mining stocks in general way, and those of Cripple Creek in particu- lar.
 The plan of working the newspaper end of the scheme is to open up with all interesting story of the gold mining ;,, \ F,.fa x,aafA,I af I,a recent enormous crash in the Kaffir gold stocks. Then follows i'll a few days an other story of the production and de- mand for gold on the American conti- nent. Then wonderful developments in Cripple Creek begin. Each day adds to the glowing character of the Cripple Creek news, until the gullible ones are likely to believe there isn't much else than gold in the Cripple Creek noun tains.
 Next comes the prospectus man. He sends out prospeetuses by the thousand for this company or that, offering tC sell stock i'll companies owning any where from 10 to l 1000 acres of lanc fright ill the richest gold bearing sec tions" at from 10 cents to $l per share
 Generally the stock is only offered il large blocks. It is announced in thC prospectuses that are mailed broadoas that the first 100, GOO or 200, 000 shares will be disposed of at much less thal par value. In some cases they offe LOGO shares for $15, others $20 fo 1, 1000 shares, and so on up or down.
 Prospective buyers of this stock ar, given every assurance of the desirabilit, of the mining property. They are i'll formed that the company owns thu Mellow Bird lode, and the "Mau, s. mine, with ten acres of good prop erty, full of gold all around, but shortl, will have to put up few thousands, mere bagatelle, to get possession of th deeds. It is also announced that tn "Adonis, the Midsummer Night Dream" and other valuable ledes ar under patent, and the company expect to get three-sixteenth interest in them Other valuable incidentals are throw in, ill careless way, to invite conf ,I dence and disposition to subscribe.
 The only thing the prospectuses q uOJ u0i dS Il IuIei IS iO 1iOnlSe EetuI4 for the money of the investors. A feN are daring enough to do this, but mos , of them refrain. There is another plan however, that sounds nearly as good. is adroitly announced by some that tn company is not doing the mining, bu is having it done by another compan for a royalty of anywhere from 3 to per cent So the "investor' stands Il chance of becoming loser. He ma lose what he invests, and what he subsequently "assessed for improve ments and purchase of more property,
 but the prospectus says nothing of that
 Of course these companies have of fees in the various large cities. The have men in charge of the offices wh
 know how to tell fairy tales to thei
 victims while they extract their dollars
 They spend money freely for allurin
 circulars and distribute them anon
 the farmers, mill workers, laborers, sery
 ant and shopgirls and every class wher
 they expect to fnd victims. --Pittsbur
 Dispatch.
 Coal May Re Cheaper.
 pI,a fa off tI,o l1,,a,,1 (,