Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1900-06-29
new GOLD FIELDS.
The Colville Reservation i'm Washing=
ton State the Latest to Attract ~
E. Attention.
A GOLDEN

A GOLDEN
Too new o be word-amous, but rapidly proving to be o the richest
mining districts in the west, is the colvne reservation in the northern part
of the state Of Washington, about fifty miles south of the international boun-
dairy line. Old prospeetors have known for years that the reservation "a
rich in minerals, but owing to the fact that 1T ws IN Indian reservation and
wa not open for settlement or mineral location its richness could not be-
definitely known until the recent action of the United States govern
ment opening u p the reservation for mineral entry. When the reservation
was thrown open there was a stampede of miners and prospectors into the To-
cahdes where quartz was known to exist. Since then thousands of po-
crow to he nod sizea owns nsnor+aH ~ al fa Facilities sor onom,
ial mining are at hand, and timber, water, etc, in abundance.
In the cry heart of this lew district the Nespeim Mining & Milling Com
pam owns ten full sized quartz mining claims, which ar looked upon by
competent authorities a being among the richest and most valuable partially
developed properties in the district All of the claims have excellent sur
face showings and have great promise of becoming paying properties, while
at least three of the claims have been developed to that extent which n o
longer leaves any doubt whatever of their great value and the enormouse TX
The company owns exceptionally valuable property, which can be opened
up with a unusually small expenditure and be developed into n of the big
dividend-paying propositions of the country, and in a very short space of
time. For this reason the management is exceedingly anxious to push devel-
opment work as rapidly as possible in order that the stockholders ma
quickly realize from their investment To this end work will be pushed ZEAL
ousy and earnestly, but with great care and due economy. The location of
being phenomenany rich, the personnel of the company, its plans for future
work and development, cannot but be commended by all conservative invest
reason why the immediate purchase of shares in this company should not
soon prove to be an 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, n thous-
lam m tnrnea WIT # - treat mines The world now % ~ 1 ms o te f hm
Gus bonanzas. The older mining fields have paid millions to investors and
created many IF the famously wealthy families of America Nor will the
latest camp to attract attention-the Co1vine observation-disclosures the
conservative investor. Already the Republic mine, a mere prospect two
years ago, has paid to date s55oOoo in dividends. Its shares. a few months
ago hard to dispose of at 10 cents, are now worth over SO. Many other not
able instances of where big profits have recently been made in mining stocks
of this cam could be cited.
Some call it a "hunch,' others second sight, but it is simply 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 o the
ground floor and make money by purchasing stock in a new yet safely and
conservatively managed company, owning and developing properties of real
Mining Not a Gamble.
Therew was a time when all mining ventures Elm the nature OF a gam
bling speculation, but today mining has been reduced to IN exac science, and
such enterprises as this are esteemed safe and Legitimate business undertake
ings. No nvestmen is o productive and no other business will increase
your capital and income with the san rapidty where judgment and care
arep previously exercised. There seems to b re a common impression that only
a few profit handsomely from mining propositions; that only the moneyed
capitalist who can afford to take hold of a developed prospect and cal make
q nine ~ o. u reaps a reWard' experience does % Dear oue th1s 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,o Or persistent have secured a regu-
lar income a a very high rate on the original investment.
vested their in MINING minins stocks at the incsntion 81 = ~ c au ~ - ~
the stock was low, have seen their profit grow with the development of
the property into fortunes. Not only are cases numerous wherein large
profits AVE accrued from small investments in mining propositions, but
thousands of people have been turned into the highways If prosperity by
the judicious investment of a small u of money.
Fortunes Have Been Made in Mining Stocks and Other
Fortunes Will be Made. ~
We realize that a great many gold and copper stocks put on the eastern
market are doomed to diappoint their buyers. They have been greatly in
hated. That is one great trouble with eastern promoters. If they can s-
ne a mining property at $4,000 they think it ought to be worth s5Mooo
to their neighbos, and start in at once to put it on at $4,000 % capt
tanzation n sell the stock at par Or more. The property may be a good
one It $4,000 and be able to pay a dividend o that basis, but absolutely
worthless to a company capitalized at 5OOOOO0, or even $1,O0l0o0, and yet
many such companies have the Endorsement of eastern bankers and business
men OF sterling business integrity. They will lend thar names to such
schemes and seem to try tt convince themselves that the stock is worth
the price asked, simply because they are interested in it, but the use of their
names and business standing will not make the mines produce a dollar nor
than they otherwise would. ###Ez# #@#%4&@
Investors should deal IS near IS possible with the actual mining maj,
and OF something like business lines. Find out how much the property is
really worth, how much stock there is in the treasury what use is to be
made of the treasury fund; in short, if the enterprise is being carried out
on business lines. If 1t u.s. and the management is composed OF practical
mining men and the mine has a reasonable probability of developing into
"a good dividend payer, there lis no better investment. The day for blind luck
mining is past; it is now a matter of good management and properly 10
Piled systems Of economical re extraction and reduction.
We believe there are many people who would be interested and inclined
to- invest in q mining enterprise II they could only feel reasonably sui of