The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1900-02-16

SELLING a MINE.
A Property ny io worih More to one Man
Ihan 60 Another.

a Property Nny tio MCrih hurc =" 'n" WV"
1han 60 Another.
Il il not easy To sell a mine. Frg''S
because OF methods Of mine owners
says the Mining and Scientific tre@i'
Most mines are unpruductlve' lu'y
have 10 boz made; they are more than
q prospect" but not developed tnou-h
10 hp really deserving ot thr name
"muc." Those mines, or rather Oleir
owners. must give nddccm,n' To capt
tai. and while occasionally a. mNh OF
a corporation is fooled into buying
"mluc" that lsu't much more thnn @
prospect and paying she price OF
going mine for A. such % irhhsa,'
ton De- about the worst thing mat can
happen district. for II is sure To hc
found out to the irrctricvahlc injury
of that whole region. Tile most COM
mon mistake ON the part of the mime
owner. provided he wants to srll, Us 10
set too high a price on hiH properly
The wouldhc buyer can got along
without him better than he can Ect
nlong without the purchaser, ana
while man Is justified iu getting all
TINT thing is worth. hc oVvrcnches
aud spoils sale by cNhorlIiunt or
impossible requirements nt Tie outset
are now rarely bought by individuals.
and stlil rnrpr 80 developed To any
great extent II ~ In mining ns Ia
everything else. the day Of aggregation
OF capital aud twenty mems money
viii 10 into projects that one mans
money could not touch or wouldn't
risk. This paragraph Is inspired by
I recent talk with q milne owner WHO
/ has "a really good property aud that
[ by the Investment of Sju,uNO or SiuOlO
| could IN all probability br mudc pay
Ing mine. lie said, IN conversation
with the writer, that hc had Just re-
| fused $4,000 Tor IT, When asked why.
/ he said. "Wcll. if It's worth S2julu
/ 20 -----. It's worth that 10 me- But
7 IL isn't Right there Is hls mistake.
I lie Inns lived. or rather existed. along.
/ side that claim half his llfc-ihe best
of his years, hp had u chance To get
| something De never had hriurc-s21
600. comfortable little sum. at once
/ But he said. &c.," would have sold
Il 10 n company for $4,000 DO yut
suppose I'd let my mine go for S2h.uuu'
. Not much" lie VIII live and die rlgh
hy his mine and never have onc-tcntl
OF S95.OOO mt once time, just bcoausl
he thinks that " Il Is worth ccrtnii
sum 10 man WHO can control or So
cure capital So make n milne Of II, 4
ls worth that much To- him In lbs an
developed state It's hard enough 4
sell milne without allowing such nh
surd notions 10 oyprsludOw ones huHl
ness Judgment. "Hut. Il may be nsked
"you wouldn't advise u man 10 sell
property for $4,000 when he know
IL Il worth great deal more, am
that the buyer VIII make two or tire
times over ON the purchaser \ maj
should always do THE best he can. /
he has Ego" enough about him TO en-
HIT capital and develop his propcft
ana make mine of it worth $4,000,
hc were foolish to let amy promoter @
mlddlcman or anyhOuy else get hI
| property from him FOR less than i
proved worth but Il he has been a.!
ing TO do Uhnt for twenty years an
finds lie isn't able, he is more FOOLS
TO refuse $4,000 offered him 10y som
one else for the chance that he ha
, never been able 10 have tcste,
Twenty-Five thousand dollars beat
nothing. and nothing Is what this pal
ticular man has had and, we fear, wi
have. OF course Il Is good joke o
promoter or a responsible ma
with a proncr TO ask an impossible
price ana freeze him out Of the place
but somehow the Joke Is oftcnest -
the one who does that. The would-h
IsAgchaser can 90 elsewhere ana IN
R%yhose property Is worth as niue
d1lkA Ss.S.lt Is 60 any one else ca
CHI ~ \-f.ssEssyn. Il aud campin
IT,. 4, an - - = =. a.sll ftNN Ia