The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-06-30

a mining camp or country ard therefore
should ~ hees8ess "Toa have 4 great Ills
t~Ict in Rosylsss8 sid Mr. King "hut
am afraid things are mixed up 50 healy
that you viii have zrs@soas difficulty II
securing capital fer your mines"
on account Of rs Importance give NJ.
Browns interview IN full. lie says:
British Columbia is probably IRE REST
rartlaify DEVELOPED mining country uog
attracting the attention OF tire financial
world The discoveries made within q
f@w years stamp IL as the repository %
extremely valuable deposits oE lead. gold
silver and copper. Il mas. howercx. s1f-
far@d from the blight ~ an u1war~anf-
able boom Its nrsI discoveries invited
& tush which developed tHfo a perfect
psndemonium Of Spectators and boom
ers Whose chief aim seemed 70 be 20
cross cut their acQuasntanceS and stone
oBf the bank balances % foo-confEiuS
public. Wort HESS claims and indifferent
prospects have. hy the iegsr8e..ain c9Tr.-
mon 10 questionable mining promotion.
heer converted into million dollar corn
panIeS and the scrip f0ssted upon tire pub
He ~ clever artifces and advertisements
which. while they might elict the pIa udirs
Of green goods operators and Others u
the 'bunko' fraternity would scarcely
fna conTaer9atiou from those who make
mining operations conform to the rules
81 business and speculative fairness. II is
3 pity that many good mines the many
honorable and Competent mine seekers
and owners and thg country in general
a1oCld surer from tine oauetul effect Of
such practices. but the remedy Is with the
investing public. II the public invests
without exercising that prudence which
seems "a vanish only Whom Z speculates III
rainc2 II will continue 20 lose its money.
and British Columbia viii develop slowly
indeed because the contributions Of the
investors VIII 30 only into the pockets ~
grsc rupulous boomers and not into that
development work which the country
needs and merits"
II must be remembered that Mr.. Brown
Is thoroughly posted on British Columbia
For year he has had from fifteen TO
twenty men employed in the examination
and exploiting Of British Columbia min 9
under Ms own sI-@ciai inspection. and has
n0w from thirty 10 forty men occupied in
the same way.
/; would be idle TO enlarge on or criti-
else q plain straightforward statement
like ;his especially when It's truth Il pat
ent. Fabulous wealth is undoubtedly
stored away in the mountains Of British
Columbia. but IL giil take hig capital 10
ge- taat wealth ont. Capitalists who make
mining 4 business ana capitalists who are
investors i'm mines must first and before all
pert testimony has been passed unon t.
Again and again the olunder has been
made Of buying prospects on so-calied re-
ports made by Wouii-be mining engineers
WHO had acquired their engine ing knoWl-
edge behind he bar Of saloon CT al The
gambling table. or as some other kind 81 a
parasite Ia mining camps. Mining cngi-
nerrs like K. r. Brown. Clarence King.
john HAYS Hammond and Hamilton Smith
are not az plentiful rs bIackberries. but are
- rare as Ben JonsOns and Cervantescs.
They have and need. noL only knowledge.
talent and experience. but they must have
cali genius But such men know their
power and If capitalists want it. they
haVe 10 pay for Ii.
The great and important lesson which
recent events In the mining industry
teaches is This Get the best and most ex-
pert testimony before you invest a dollar
III q mining venture. and then 20 ahead.
and with ordinary business sense and sa-
gacity yoa will win. and win big.
Moreover the folly Of paving prospect
ors thousands OF dollars for a discovery
uuet stop. The discoyerer. like the labor
er is entitled to his reward. out his re-
ward should accompany. and not precede.
The reward of capital. Not dollar should
ever be paid for prospect or for a mine
greater than that which the ore in sigh:
can pay back y the investor.
The development of the gold and copper
and lead and silver mines Of the United
SAFES and Canada is question Of para
mount Importance 70 the people of this
continent. The Rocky mountains from
the CUT OF Mexico TO the Boring straits
arc s'orghouseS Of golden treasure which
viii begct eras of unparalleled prosperity