Arizona republican., 1898-08-06
OWN A MINE.

What do you want better than paying gold mine? If we were at war with all the nations upon earth, how would that effect your mine? Sup nose industrial conditions were at their lowest ebb, how about your gold product, would there be a market for it? Rack your brain for something that you would really rather own than a rich mine, and if you are frank you will admit your inability to find it. But how to get hold of a truly valu- able mine, there's the rub. You have got to admit that they exist, for an- cient, medieval and modern history proves it. The men who become pos sessed of them do not do so by blind luck, even the penniless prospector has something to go on; it is the rarest case that the locator of a mine reaps the benefit of his discovery and be- comes enriched by it, the case of MT. Stratton and his Independence is notable exception. Paying mines are made by the judicious and generous investment of capital It takes lot of money to open mine even after pay ore is found, but once opened it means a fortune.
 Watch the progress of investigation into the treatment of low grade ores, for here is the most important page of the whole. story Every dollar chip ped off expenses not only saves and makes a profit of that dollar, but it opens millions more tons of ore for profitable treatment which were be- fore unavailable. Hence as you reduce cost and vastly increase production the speculative element disappears and the commercial fills it's place. A high grade mine always partakes of the na- ture of prospect, the speculative idea is never entirely removed. While a great body of low grade ore offers all the characteristics and valuable at fractions of a manufacturing enter prise with no danger of a failure of crops" The one is a speculation, the other an investment of the most con- servative and desirable nature. Both have their attractions, as for me, pre- fer the latter.
 The act of investing means the transfer of standard funds into some form of property or representative of property. The range of investment has practically no limit, except those of property forms
 HS dCI Ol dly OHS Cl va rious forms of money into property or it's equivalent is no different in the case of the man who pays all the mon ey at once, and intends to keep the property or it's equivalent permanently than in that of the man who makes his investment by installment pay ments, when he receives interest. upon his investment together with business profit.
 The most secure investments are dearer in times when profits are low and less secure investments relatively higher when profits are large. The banker may be the investors agent for any kind of transfer. of funds into property, or property into funds. All tie questions that properly arise in considering the availability of ones agents are like those connected with the investment itself, matters of judgment and experience.
 The seventy-two million inhabitants of the United States, aggregating wealth estimated at seventy-two bill lion dollars, produce annual values equal to about eighteen billion, or, say, twenty-two per cent of the gross profit on the entire investment. Tn ac- cumulating this profit, money is not permitted to lie in banks or other Repositories, simply accommodating 1n- terest, but placed in channels where profits are earned.-John H. Hise in Prescott Courier