The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-10-27
Growing Eagerness to Invest In
Index District Shares.
WHICH ARE THE SAFEST
Questions Pertinent to the Opera
tons and Plans Of the Companies
In the New Copper Camp, and the
Prospective yaIue of the Treas
he Fioated On the Seattle Market.

stocks In found In the inquiries made Of
the mining department OF the Post-Intei-
Igencer az 10 preferential investments Ia
them Is such a stock q good buy al such
price? This is the commonest form of
appeals from intending buyers for guild
anee: though the question is almost as
frequently asked. VIVA, do you think OF
this mine. that
1t does not lie within the province Of a
Newspaper To venture To advise as to
stock Investments. nor can II be expected
to serve neurological sharp and
mining expert la scientifically or math-
ematically estimating the worth of a min
Ing property. Whenever IL poses In either
capacity It's readers may justly ask. what
Is the compensation or interest repre-
sentedy It's honest function In the min
Ing field is 10 give all the news Ii can
misunderstanding the enthusiasm Of the
informer or correspondent as much
pogsibia-and TO expose fraud, mfsrepre-
watation or swindling whenever the OPP
portunity presents itself.
In the very character Of such news ~
contained the unsenttent stimulant for
exaggeratlon. for the business OF pros
pecting and mining In always imbued with
overconfdence and speculation. In the
last analysis every theory resolves itself
into theoretic value: and the vernacular
OF the craft Is full Of ad.erbial pitfalls
for the unsuspec,ing and unwary. II
may be counted on. almost as a certainty,
tina, every property is misrepresented I'm
some degree The occupation Of seeking
mines IL soiaced by visions and
dreams. The proeractor's chief hope and
comfort, In life crowded with hard
ships. periis and deprivations. is an un-
conscious policy of seIf-deceit. His Ian
guage is formed largely Of superiatives.
with harmless intent. He will pick for
days around the groupings OF a ledge for
the richest specimen he can find. and give
the assay value tn "A credulous world as
proof that he IL the owner OF mine
Reputable mining companies often resort
Ia the same practice for advertising pnr-
? poses. and newspapers publish the re-
suits OF these tests because they furnish
at least 10 the practical man and seien-
tist. an Idea OF the character or comhina-
ton of the ore. But inexperienced In
vcstors should not be inred or excited BY
such Information. When they read that
"a certain mine AT Republic has a solid
face Of ore that samples $500 in gold. or
that another mine has plenty Of syivanite
running $50. 900 10 the ton. they want to
sit calmly down and do little figuring,
just as the skillfu' mining man does. a
fssv rough computations will satisfy them
that companies owning mines Of this
character ought to keep this stock Ia
themselves No doubt the crucible has
told the qualitative truth In these In
stances. but the cumulative should al
ways be represented by X.
So IT is In the case Of developed mines.
What Is described as blocking out ore IL
a process intended 10 facilitate product.
II Is four or three side exposure. the
contents OF those solid measurements are
theoretically valued the basis OF the
cubic foot value OF the ore extracted in
the work, And whoever heard Of "A mine
outputting from it's blocked ore. or 'ore
in sight" a gross revenue In excess OF the
speculative estimate' Putting mine In
shape" ts If double meaning II means
To- make tho mine pay, and then again II
means TO get IL ready for profitable sale
whether that sale Is 10 be made en- bloc
10 capitalist ar syndicate. or whether II
n Is Ia be rarceiled out In inflated stock
premiums tn myriad small buyers Mum.
erous instances could he cited where the
scientifically measured value of The pre In
sight guaranteeing specific dividends Pc
tered ont long before half the dividends
were realized.
Fer these and many o. her reasons invest
ors should exercise ne same caution in
dahhilng Ia mines au3 mining stocks that
they would ia hnving real estate ar
Lands having prospective value They
sh3uta investigate carefully ana learn "a
felv on ,heir own Judgment; or me tuds-
Ynent - experienced friends familiar With
the properly ana its possibilities. Count
lsSS little fortunes are made by timely
pluugss into the treasury sack - ues
mining companies that have 70 resort 20
This method FER means = development and
operation. particularly In t'te infancy ~ \
camp or ftssr!ct In fact, for small invest
meuts the fielt Is an excellent one. aut e
should be entered WITH prudence and a
reasoning a's;ru@f. for the average pros
rectus ot the budding mining company IL
~, iansuaee e., the pfoSpe-;or nursing his
spvc,fnon ASSAY. erahel!ished wlth the aT'-
fgi vegh;age common 20 tov nx.ts booming
The spe%ula' ivr Waite - treasury
stock "a affected ~ tfa character arl TIC
stan ,us - the n;vn pramattnR T. as well
~ ~ tae suTegaril merits = the property
II rsere~rnts WE the primary cr tenta-
'tv~ Investment b. fQdlt}o'lsly expended
Sometime - ta q fair 4D~stfon 20 ask
whether g. Nit - eNrcaier az I'll. 81 the
manner the irttsgor aas thr rfshs - ex-
Yect ATe uraett.a}. theoretical nr decent
i've mea at the heat 4 ~ e. mpsny 81.
fairs Nhat g. tae p V8tat.eu and *.
rsrienee - the repatt~S engineer These
sse vital inquiries te 20 uaa~
Most mining companies uew4lax< a~r
eSp3oitsas ~ developing cruapRn.ex- In a
MAJ Gritty - Instances .He u~cfrofess seek
% rviu' nurse themselves from $50 f,lrd
c:Fa tesi rom treasury StlFA Sesres aeztses
Retaining ecH:Tt} 0f !hts ~-7rS}aE i,.af1rtfv
The csp.tarzatt-a - sI-.- u.at.Nf t,u~Aa
iien ou which the futas - SO - {. ..t5rst
Say i property ! aanouact>9 a. d f,',lii
easiar shares. and oFe-sour{h = these an
exceptional prcpNF,.oa ~ the Nay ase e
rNv' f7r rs }-rtt}oo - g treasury fun4
on the bass = I# CENTS - shyse shares
wvrc 'skea ~ as're e016u~ast tn = H3k
the Gand xo,..d cortAgG SIS Z. 8 .
rrOper inquiry at his rofnL VIZ sNch s
SUM make a 5tvl3end ray ug fn!aer T. a
NEGATIVE snaNer IS found. theH ;he &n-
vss;nsen; Is SIS unsafe NJ ~ n}-a1sv.se
In shs eases - sh% - - Carlisle ans
c'hcs ~5~%sa Tusres tNag have sgzrtrs
OF s Ar3 f5-eeut sse< sery sHa'ex cus>
sn,a't SUas> 80 rre9et Nrvt needed -
plants sl.3 ysaaor operations that ~taja
make certain a pra's;sSle pgss'sscC There
farp II is sxaeaisn, FOR buyers 4 sta-S Ia
Esa2re5ssAzs "a study The csra.sisr Il tie