The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-03-29

orado Mining Stock Exchange, buyinx
from top to bottom with your eyes SHIT,
you would not have lost on a single stock
at the end Of the year: and on an invest
ment OF 81 .GGs.s0 you would have realized
q profit OF 377 per cent II, however. you
had used discrimination. and Invested 81 go
each In the ten stocks which he, the hrok-
er. would have pointed out as most likely
10 advance. you might have realized q
profit OF 1913 per cent. at the end OF the
year. and have had. instead Of the xl8.e0
Invested, the neat little sum OF Sss.xs In
other words he could have served you al
most as efficiently as tho broker mentioned
above. who speculated for the servant girls
So much of this kind OF literature has
been sent out because so large a proper
tion OF presumptive investors inquire about
nothing but the probabilities OF profit In
short term speculative ventures. The let
tiers OF Inquiry that burden the brokers'
mails ask apxiously about the outlook for
the market OF next week or next month
How soon can we realize?'' Is the com
mon question. local paper in giving ad-
vice about how an amateur should begin
10 speculate In mining stocks says that a
very good way Is to deposit as much as
you are willing TO risk with a reliable
broker. and let hio use his Judgment. IN
other words, the servant girl method Of
investing IL all that Is necessary In order
to get rich.
/ The moro reputable brokers and ex-
changes are as anxious as any one 10 stop
| his blind plunging. and have recently
,ade concerted efforts to limit the stocks
utlt In to those having demonstrate
,vAe. The listing fee has been raised. the
| - has been divided into mines" ard
p'Spccts," and the listing committee has
"cennstructed to make searching inquiries
| IN IN case Of each corporate applicant for
plaN on the list--tD as IN the character
"i 'heoff!cers; Csl as TO location OF prop
cry; as to title: az as 20 the amount OF
WORK The; and go as to the amount az
money unsold stock in the treasury Of
me comnny. There are a large number
OF MINOR ldulrics made. and pledge IS
eNaeteu tafurnirh any further infosn8-
Nnl mat u exchange may ask. Yet, not
"1thStahtlns all these precautions. the
fumor Is cuient as write that some Of
,he nsted nn.es" are shipping ore that II
DOCS NOT pay tenn 70 ship In order 10 keep
up aHpcsrance>,ntn the last Of their treas
ntN stock " sol: the Cripple Creek cor
respondent o: IN Denver Republican com
plans that the servy and money needed
IN me prospect nIce "a being wasted in
stock jchhing. cn,he l. co COMPANIES or
rPniNed 10 operation Cripple Greek. less
than eNo are ever lard Of on any o, The
Colorado eNehaoges and less than afty
including both 'm'ns" and ''prospec.s'
are On the lists 81 ~ Colorado M'rlrg
stock Exchange OF D.yer. or ~ the Mn
iny Stock Exchange q Colorado sprnrs
Wild eat stocks, Hike N oil wild cat eur
rcucy. often circula'es best away from,
home. and many siocksa-e being soi IN
tho East that could no. ~ sold here
But after all possible nsans Of dscrsrn-
inatlnE between stocks hive beer aNalea
or how much sense was here IN thr pasi
tl0N OF the man who said that he wanted
mines. but would have noshg 10 A. v4.h
mining stocks. in other vcssis. u I buy
stock In company that sctnaliy has
gNot title 20 a good mine. r. sAceriSin that
l have good thing
What guarantee i there NN a minor
itv stockholics In mining COMPANY VIII
not have his holding rcnierss fvaiuclrss
Irrespective 90 the outcome OF Ne fntuirv
operations" The experience ~ California
mining companies - not reR=atrlnN 4
veteran Arizona prosp~ctor on1-atola me
~ selling a claim 80 a san Franesro com
pauy FOR tsnessN I asked him iftAe nrire
tnrHrii out 70 he roo3 one andsrx re,,is
Wa, "Wt1. ~ was an urcommss sraf
miro for = stock company 20 ownf' MRs
very pockfty- Thvv would strike H. or.
ara boom me stock ana have ssss~sns.ts
fcr machinery ard ~ on Thea ~ lead
Nfh.iff tfIfI'n NNA. Ans 'lffF NNttH ~
u PIE more ass -SSsfents far further AMI
R'ior. and every hadv would get .Ascu--
ased ant the stack wou'a sluraN "a.
there woHld ~ ancthcr strike art ass h..r
boom. s. ! rather guess" he ccas''eAs,i
THAT fhe ,0en on the inside usic aere
cif ~ ~ than - g, tsf been eettrr lii.as
HIS coHe'uiinv observation reralis tn
rrfnark - possible investor ra1c . a
persistent Ssr Francisco eroker' YoSr
account - JAe property = st'esrtisA
From what Vou say ! should th'aS ri.
company mast oWn good fhins Ven
ask ne what rore ! W&nt hefaFc 'vcy'-
tre Niv rca'y rs ;hat before I '7Nesf 3
daliar iH IRE stock I Nast - zee 'Ae PeN-
toglsphs arl n-sgts ghies - the r'~n ttat
control tho company
There thf 'hrce things that ~ sup
posed 10 make 's safer 20 cuy CAhors t-
mir'ns stock than the varieties haas .-i
In other times and c'hrr places go Tee
directors ~ ninirg company cASret
mortgage IS property ov give A hcn t.s,r-
q without the faraaAi ocnSrnt " a rsxier-
nv OF the stotA felt such Law al
net NTot'rt sairatigy sicckhol ierss a0s NJ.
sah the dir~es'srN gaaV contract deAts fee
winch the VosonsnS csn ~ sued A.s D.,
fuNS mFnt constitutes a iivn S,a,h INA.
menus a.. hNNeAes. NtrN s1N % -o.i..-
aoA' fFaesNal.s It - hard .ss he ss1aas.