Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1900-06-28
new GOLD FIELDS.
The Colville Reservation in Washing-
ton State the Latest to Attract
Attention.
A GOLDEN

A GOLDEN OPPORTUNITY
Too t. be world famous, but rapidly proving to be one of the richest
miring districts in the west, is the ColvIle reservation n the northern part
OF the state of Washington, about fifty miles south of the international boun-
dairy line. Old prospetors have known for years that the reservation was
rich in minerals, but owing to the fact that it was ar Indian reservation and
was not open for settlement II mineral location its richness could not De-
come definitely known until the recent action OF. the United States govern
ment opening up the reservation for mineral entry. When the reservation
was thrown open there was a stampede of miners and p@pecns into the To-
caldtes where quartz vas known to exist. Since then thousands of peo-
pie have settled in the district, and many rich mines aeb being opened up.
Mining camps have sprung into existence, many of which have already
grown to be good-szed towns. Transportation and all facilities or econom-
ieal mining are at hand, and timber, water, etc, in abundance.
In the very heart of this nw district the Nespeim Mining & Milling Com
pany owns ten full sized quartz mining claims, #hca are upon os
competent authorities Is being among the richest and most valuable partially
developed properties in the district All of the claims have excellent sur
race snowines n ave grea' promise OIL D p" paying plopel1E%. -, WIZ
at least three of the claims have been developed to that extent which no
longer leaves n doubt whatever OF heir great value n the enormous *
tent of their ore bodies. %
The company wns exceptionally valuable property, which al be opened
up viii a n unusually small expenditure and be developed into ne of the big
inc For tbis reason the MANAGEMENT is exceedingly anxious to push deve-
opment work al rapidly as possible in order that the stockholders may
quickly realize from their investment To this end work will be pushed zeal
ouay and earnestly, but with great car and due economy. The location of
the Nespelim properties, the mineral showing, which gives every promise of
being phenomenaIy rich, the personnel of the company, its plans TO future
work and development, cannot but be commended by all conservative invest
ors, and from the showing already made IN the ground here is nc plausible
reason why the immediate purchase of shares in this company should not
soon prove to be al immensely profitable investment. ~
every Prospect Not a Mine-But Every Great Mine Has
One Day Been a Mere Prospect"
Many fortunes have been made in the mines of the northwest, nc thous-
ands of people have derived comfortable profits by purchasing the original
issue II stocks in what were at one time mere prospects" but which have
later turned out to be great mines The world knows more O. less OF me ian
GUS bonanzas. The older mining fields have paid millions to investors and
created many of the famousy wealthy families of America Nor will the
latest camp to attract auention-the colvine reservation disappoint the
conservative investor Already the Republic mine, a mere prospect tive
years ago, has paid to date s55oooo in dividends. Its shares. a few months
ago hard TO dispose OF at 10 cents, are o worth wei 20 MANY otner nc
able instances of where big profits have recently been made in mining stocks
Some call it a "hunch, Others second sight, but it is simply a n analysis
of existing conditions. The next great excitement in financial circles will
be a mining boom in this district. Now is your opportunity to get in OF the
ground floor and make money by purchasing stock in a new yet safely and
conservadveiy managed company, owning and developing properties OF real
merit ##4 ~%@" = %"&## ia z..=.@&. IT, #a@ @'
Mining Not a Gamble. :."-
There was a time when all mining ventures we're in the nature of gam
. g inyestmeut s 50 nnduetve ~ NO NJ other husiness viii Increase
your capital and income with the sam rapidity where Judgment and care
are previously exercised There seems to be a common impression that only
a few profit handsomely from mining propositions; that only the moneyed
capitalist who al afford to take hold of a developed prospect and ear make.
a mine out Of it reaps a reward. Experience does not bear out this state
ment; in fact, the rule is the reverse. With but few exceptions the largest
mining properties have been developed by public stock subscriptions, and
those who invested their money at the inception of these companies
doubled their money many times over, OF, persistent, have secured a regu-
lar income at a very high rate 0 n thu original investment
Thousands OF cases might be mentioned in which those who have in
vested their money in mining stocks at the inception of the company when
the stock was low, have seen their profit grow with the development Of
profits hays accrued rom mall investment IN mining proposluons' ut
thousands Of people have been turned into the highways of prosperity by
the judcious investment of a small sui of money
Fortunes Have Been Made in Mining Stocks and Other
Fortunes Will be Made. E
We realize that a great many gold and copper stocks put on the eastern
market are doomed to disappoint their buyers. They have been greatly in
hated. That is great trouble with eastern promoters. If they can Sc
cure a mining property at $4,000 they think it ought tob be worth s5ooo0oo
to their neighbos, and start in at once to put it on at $5O0o00o CAPT
talzation o sell the stock at par or more The property may be a good
one at $4,000 and be able to pay a dividend n that basis, but absolutely
nanx snb comnanea ave- the indosemsnt Of eastern bankers and business
men OF sterling business integrity. They will lend their names to such
schemes and seem to try to convince themselves that the stock is worth
the price asked simply because they are interested in Il, but the use of their
names and business standing will no make the mines produce a dollar more
than they otherwise would. #&& #I#% #@&
Investors should deal as neal IS possible with the actual mining man,
and on something like business lines. Find out how much the property is
really worth, how much stock there is in. the treasury what sue is to be
made Of the treasury fund; in short, if the enterprise is being carried out
on business lines. II it is, and the management is composed OF practical
mining men and the mine has a reaso nabLe probability Of developing into
q good dividend payer, there lis no better investment. The day for blind luck
IN mining is past; ~ lis now a matter. of good management and properly APP
Piled systems o. economical ore extraction and reduction. #
w. believe there are many people who would be interested and inclined
~ invest 2 q mining enterprise II they could only feel reasonably sre Of