The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-12-25

his own private stock, for one-hnlf and one
thrd tho treasury stock prices That ia whit
floor.
My rule in organizing and controlling gold
and silver mines, said q veteran mining oper;
~ how aatterlng the prospects. do
ought to n osas tSc sharchoiers moneys
30 always mako sure that we have enough
Ssp se To Dur ,sG o
ment is begun. There are SO many IFS aud
'ands' between the organizing Of mining
company aud tho getting out OF pny ore that
will not risk my money In any, scheme"
In sompanisss incornornied in states as and
legal, the minority shareholders are more
watch fil Of the proceedings oil the directors OF
Mining h rompnny snmn IN states ana Ter
rectors chosen by the majority shareholders.
the company. to discourage tho minority
shaIehollllsrs and To- hear the value OF The
silver mincs have mortcased q mining
Tor iSs n than all The a
that hns prevented dividend payments for a
year or two Iopser than was anticipoted -,
two shares Of mining stock is sure TO he
s has the to s tSSe Is mnns c
say that the stock, il full paid" does
not mean tnht hundrpI cents on the dollar
II. II means that the company ut the begin,
ming Of operations took advantage Of legal
dfI ; 6otwSsn w. price they pate for j.
ton ' csn f 0 Share ' airse s from ' the
company. the company usually has the
c cfs in to sn as st tho a% proyass
But ~ three men organize mining company
lh"v 10 not proceed In the ordinary way. For
tnaf hat NhnU al tp, sF
claims. w.tch would sell Tor cash at not to
exceed $1,000; Tn. company organizes with
to S r"n..r'h;ta ciim. worth s sTI' and
CIV n d. |p h re an its stock IN nayd
ppm for ,r S.H further payments ms,pns on n
giving the rnr;nn.cr Of chsap stock immunity
from anything TX" assessments has not been
court ", ii nov act s.',- IAN honest over"sti-
ms'e" 81 prop rty. thuI, exchanged for stock;
Sn'"'y 'h"-einr". ''rtcnts upon the honesty OF
There ar" So many opportunities for wrnn g
dong IN Mining oneratlon. thar nowadays
c'>s'-. The larson who invests heavily
DAYS Suv. " dny n,eT an IN 1hns.
ton Of tho prospect, and thorough assnyinR
edge, and after Striving from all sIdo. how
best TO devotion the property and market the
ores. More holes In the ground cannot he sold
thing about sol! aud silver mining. no matter
how inviting the prospect Mines are yet
sr.snsood. are yet sold in the most stu
communities. hut the swtndls. i much
ess than or%; ri
purchasers. Once in u while the hest and
most honorable mining expert will b" de-
ccived
Sometimes the mining shark, when he has n
cautious and exrcrenced man in tow. will give
thu pt2Spec,i's S h., Ei'E nnd s! hove,
IN" walls Of the vein. He has previously
arranged Tor that, howeysr An ri
!oadea Win Minute sodHn pess *" "i Iiri
rcile,s would he mashed ami drtv"r in'o ,h-
metal deposited there, by, na,u-e, The
powisr station could BE- EASILY si.
the yellow metal. Another sch''n OF mining
sharks ia 10 blow with m air pump an ounce 81
f ns dust dust @ afnn adh.ra w the ' r@S
is dry il viii he as fascinating pros.
pee, or sola MINING G.,r On. may im,gias
ounce :, EGd aa., q, /; Ihe art e ne orsT:
quartz /. filed with soGGn .srccSs 4
few years ago a T,tnes1 In The United
iSs.si i6S, he spent Two H Month. CON IN
| saltlng n quartz. mine at Globe for -om-
lon mG" G H'"a ns ssn Az s
in the sides Of tunnel 80 as 10
..iS a ton AMI defy detection o, III"
irnri. \ wear ago at thu trial Of sallni ~ ~
hat hat L" sol 'p Tor Of "' some,h f se s ooGH
| had been ioctorsd for months by Sow
c .da nsen.s&SEso o sharks a nschlS Ss'T "s:
| ing On ~" principle ~ the san! blast had
ben "mg,"y"f ~, snd more 'han $50 worth
| the cracks aud rough spots Of an exposed vein
in ia" muns The min" wn, bought or ~.
,T TSsi i''T mining Experts who nal sp pm"
! lays in examining the property 10 assure
%ns, ,bn, va s%%u nG he
.atIng OF the mtn". Gould hay" been roI"i
| had not one Of the sharT"rs con es-"d so artls'
''''rG. fake miu.rs thu We most l..,ru.'."
.ai an experienced assayer Los Anser,.
are those Tho nr",eni 10 o. rev r5" s,ei
ff nrsy and are "''i in the hire Of Mining
sharks. They travel about the mining country
ilsti.rins certincntes., They, say they hav" dc;
sod ana other ores all at The same time,
| Thc Assayer ia often Interested nt once.
When, Low'graac or" ia brought ,o t"
the sharpers have on thu. string. on. Of these
pew fellows mny, come IN and politely ask 70
'I rcrson at ,h "S' World c""o seI
such q man, ,roio DONG something I:
| FiIlSe tnt Nhluutl'tl NV pIt Nv ~
| att to be n IN. si"ight 81 hand performer
| have frequently seen barren rock mnde u
| show itself worth 800 a ton by n trick o. some
| fellow who apparently never touched my nr'
| Unrntus or went near tho crucibles, ! have
| known silver ore to be enr ched right through
| a canvas has with nitrate OF silver. -
| that the assayer would honestly report
| low grade ore worth 500 a ton. Nowadays
| never allow any one To handle my crucblrs OF
| furnace and I would not permit the mos
/, righteous man on earth To- bs present when
am nssaylng, Lots Of good nssayers have beer
| 90 deceived by iegerdemain OF n mining shark
| that they themselves hay" bought stock II
| gold or silver mineH. They were dead sure
| that the ORE was valuable. whereas II WA al
| most barren OF gold. Oh. / don't believe
| there H. any industry or business tina
| has 50 many tricks and d-coptions "a minna
| Tor precious ores. The bonanza Profits In tn,
| business excite the sharpors' best ability Il
| scheme"
Ten years ngo 81. Louis was the best place n
| the United States for selling mining shares
| The great fortunes that w"ro made there In thu
! enormously rich granite mountain anC
| the biz Anaconda mines OF Montana
from Investments, OF n, few, hundred
| dollars turned the heads OF the III
Louis people Then later when half dozer
G invited $500. $40 and $500 eash in tn
| Portlani at Victor. Col, and the Pierce o.
anil $1,000, st. Louis became very, fertile
Ii ls.l hA k..