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

what chance there Is OF the mine directors
assessinR the shareholders or mortRaginr -.
property TO ray for tho development OF tho
mine
When the investor has taken these and other
details into consideration and has assured him
sclf that Le has correct Information
there 10 comparatively little risk in
mining Investments. providing ~" does
not oveirIlue the shares. An investor In a
wildcat m me PAYS mere song for his property
and taxi s he chance OF there being a genuine
vein OF ore beneath. A multitude OF people
who have invested In wildcat mining COM
panies with very meagro PROSPECTS believing
that they were buying a developed md
legitimate mining proposition have ever
since been loud In their denunciations
OF all miners and mining companies az sharks
and swindlers Occasionally the prospects OF
the existence OF a body OF ore are so good
at the surface and the character OF the men Ia
so very satisfactory Il at shares in wild cat
company are sna pei up at almost as large
prices as In thos" ~ n developed and produce
Ing mine. Every min camp In tha West has
Its Qi"ta OF Va acious stories OF how
mere prospect h',a ~ exposed lodges
: have been incornoratel into mining
"omNanies AMI 30 or thousands of
dollars s, me'imes these ave become very
I.onnud rcr'uau, ~ uir.p. ouururs. tu. more
grown less IRON noe MS the shafts have been
nix into il.
however stra ghtforward mining methods
have become. there |. always an easy chance
i"r me rxitr.rnr,i maJur ~ share, no ders In
and the more con siding Shareholders. 4 whole
youmn might bc written about mining tricks
SfsSip IN mimi pr"T"rts Another s % Volume nWn
might be Ged viii ,ale. Of how stock
sss ana that s the TTst Gsn tho
!Ss SisSourassa storshPdsr.. only sy'f to f s%e
after the undesirable members Of The firm have
nG Wc%sn asas thu an w". who
| have at one time. owned shares ~ min
Inv properties that have paid hundre's
sine the original shaTeRoldar-. " Ey one
n, aEsoso, ,,.r TnSsh.r w-r. "Trt
All the original ,shar"Go'i-rs in The om r <
mines mi. $50; sold , ths,r hou.yys IL ,h".% rr"ner.
Ts T%m ~" to nS T hS hey m TsT.
hh%f r''S nDs b %a, ar. ate, III "sk
month Tor Sspora'ory worE The Snx ew . Txrry
| holders. who bought the stocks from the Tia
courased owners for small sums. were in con-
, tSl Of tn" min MINI 40 y JShnnary lSI m rom
msle !" vi ' more than sSG oo0 am T'i IN
ever found, was struck in he Comstock.
ernmna Ns not Il Tor mn H5s u .t
holders to dcceiy" their partners. There
are many facts AMI conditions in
s an ."S Ss5Is goo" goa; n S sSHs'IS
yAns Of Share. may easily 10 manirn-
wh1 hs no p 1TSk = o~5 s,s E,
n tn from n com bination Of stock ho icrs 20
,rsnd wecff s.,. months at ,ara" exrensc Il
WORTHLESS rock. and,'t Inc same time. '"g.ve :'ool
rensons Tor the work, 1t. requires no great
would Yield dividends to tho sharchold-
a. instead Of causing them expense.
lr"ca;as. and wS. He 6iocEs OF " ,hc st" "S
! hay" been hIucht at loves, prices AMI
Investments, the rRraTcr ~ the miuc may
suddenly alter hi. o;ininn concerning the
.@nr Of on, the .s. HTsTe
2ny. when .bart in h n opS nm Hale SSl
nine. a.eI to ;aaee rom .2@o I" 800 !" 9
Y: 'H% S'T:., at d E; sI;a , Sft:
week nj time h-cau.c It wa feared they
rilht reveal to on sii.rs, certain Information
fverv year there are suit brought in the nit"d
safes snuTs ip all The western States and
| !'se that they have been duped by other share
! 10 ders who have d-sgn.dly dcrrec ated the
| pruseS. avoiding pay ores and suppressing
Tn" values n mining stocks may nlso bs adj
ciatnd / mine may be mni" TO Yield abnor-
wh b dHSand m""hsm nya T bsn 'R Ra
every month. the shareholders. on III.
inside via. NAV %, ss their holdings At a,
| in srots whore tho richast or" on.y Is IN sight
There may le no exploratory or DEVELOPMENT
T"store 4 rromoter " no has had his tip aciroi,.
~ spread. the replr thli there ts an immense
MINI T that he vsn wi.ns AMI grows r ri i
| a. It II worked downward and tha; there 1r-
nnTs Of cd s1G"fs5 posF'y xoodsr ?G iSx
such Information goes far ami wiz"
At, !ush FEs9n advsnc. how T,n last mn
the W"st there are Instances 81 mining share.
ina; hay" TsSH on nIsT [nmors r i5om nSs :"
$40 90 70 moro than $40 1000 IN four days in
n, chloride. Arz.. went from 10 TO 30 cents
in two days las September. and there IRE a
host OF similar illustrations OF rapid hnc'ua-
One who reals the prGsreG,Sns q gid :!
q share thai the company incqrpora's.
Kip Nearly m| all Mining S SGmGnne: .hs have
somc have. even two milion shares, n and
shsfs scSs as 1"1 ' 81" HS RG R.
sni The pts;Sscas i.Ivat,ahly Say. .h1i
soon be reached. rIsncs ha, shown
tina; new On! unieytiopei mines can
| rn,n-ry by selling hundreds IT thousands ~
hH q, ss% anG b hss Sy
each. 0ns hundred rersons Who will
| invest 500 each in mining stock IN
u, new COMPANY are easier found
many instances OF mining shares that have
!,e"n, hnwked from the Atlantic to The
| lacinc AT one and two cents for q lew
yrar1 and hive atterwarl gone to 81 80 and
50 Ia a few months more, Several people IN
| g. Louis bought stock in the Granite Mountain
mine IN Montana Tor three cents 4 share in
1850, and got monthly dividends OF 81 share
II lsSi.
The manner Of organizing gold and silver
mining companies is essentially the same
In all Western States and Territories. A
man who hnds or buys evidences % ii
ment patent under the United states
hold the claim and ascertain what body OF ore
no has Sometimes he may open the property
SO az 10 be sure that he has "A true VeiL aud
that his edge rims deep and wide, All that
depends upon his capital and his inclination to
dcnl fairly with those whom he NAV take into
partnership Th"n h" usually sacks "a 4 part
ner some ono who knows how 10 fnarce
mine ana whu has had experience