Sierra County advocate., 1897-09-24

&ho nave property Tor sale Woult
be little more sensible in thei
demands, there would be NOR
sales made, more money in th'
nouDtly, moro production Of value
and more well to.do prospectors q,
n result These faetr ate suggested
by letter just received from 4
prospector who owns a group oI
mining claims. on which the tolal
development does not exceed 20C
feet, and the total production from
which has not equaled $1,000. He
wants to sell the group for $4,000,
and viii not listen TO any PROPOSE
iion which does not involve cash
payment Of $4,000. There are
thousands Of other prospeetors and
mine owners who make similar lie
manas. Let them stop to put
themselves in the position Of the
purchaser, aud see how Tie position
locke
Hero is property out Of which
tie owner has never made n dollar,
wlthstanding he has devoted
good deal Of work trying TO do 80.
There is not a dollar Of profit 10
sight Before one can ever make
my money out Of it, large
amount OF money must be expend-
ed Ia development. This may re
suit IN uncoyering paying bodies Of
ore, and II mny not. III ii does
not, then the money expended il
totally lost II it does fud good
ore, 1t may prove to be mine
worth $4,000 instead Of $4,000
Aud the owner wants me to pay
him $4,000 for tho privilege of
iisking this much, and making his
property valuable. Tho owner
must think am a fool
THIS IL the way the purchaser
laoks nt il, aud he il exactly iipld /
No NINE aud no prospect has any /
immediate or cash value unless
one can make money out Of it once
Tore can not 80 Tat, il has cnly /
. prospective velue, and people are
Dot generally FOOLS enough to pay
eesh Tor prospective value.
The sensible proposition for the
ptospector, uuder ordinary circum.
stances, Is 60 say to the possible
purchaser u Vill give you half of
tlls property il you develop il into
pay, or cSpend q cattalp amount Of
money into Development. aud give
YOU also bond on my half for
some other number Of dolarsn
! b ; Is business proposition, in
snlch the risk is divided. ana
which the capitalist would consider
with some favor.
Aen are not running around The
eonntry trying to buy mines or
pr"spccts. II Is rare case that
one can end capitalist who can
he induced to invest in them, and
TO get them to 90 in at all one
pnet have propositions that appeal
TO mems sense Of fairness and
business Bsghcily.
on course in the case of mine
which has pay ore in sight and js
developed to u producing stage, the
conditions are different. and the
owner should demand either cash
or iis equivalent in some
form before turning over the prom.
erty TO any one So. too IN ola
mines which have a record Of pro
daoIion, and which can be snfelv
said need only more development
= resume paying. oue should make
q tferent terms from those suggest
ed IN the oaee cited As there are
never two mines exactly alike. so
no proposition eau be said to be
iairly adapted to every case Bat
II is certain that mine owners and
phospee'ofs generally ask to
much end are to7 s,tiusaa,lua uaa.
manding terms. We have known
many an intending investor driven
put of the mlnioe Geld by lust
such unreasonable requirements.
slenyer Mining Industry.
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