The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1900-08-04
WILD, WEIRD TALE
OF GREAT WEALTH.
A Marshall (Mich.) Man Must
Have Habit Of .sSee-
ing Things"

D"iSup ouiiicy, VI udTSudii, mlCu., /,
became suddenly rich, receiving $82, :
600 on an investment of 81 800, the
Chicago Journal publishes the fol-
lowing telegram under q Marshall,
Mich, date line:
Howard Dwight Smiley, son Of
the late DR.. J.F. Smiley, of this city,
has just received word that a fortune
awaits his orders as the result of a
rise in mining stocks.
He invested 81 800 last fall in the
Franklin Junior copper mine near
Houghton. The mine was believed
to be worked out, but young Smiley
bought up the margins, and a few
days ago received notice that the
shares had gone up $500 each. His
agent inquired what disposition he
should make of the stocks. Mr..
Smiley replied to sell at once.
He has now been notified that
the sale has been made and $S2, 900
placed to his credit.
'Mr. Smiley married a Chicago
girl, Miss Clover Roe, last Decem-
ber.
Regarding the above the Hough-
ton Gazette makes the following
truthful remarks
Howard has missed his calling.
He should quit specializing in stocks
and devote his colossal powers as a
liar to some Legitimate field, such as
the snake department OF some one of
the great dailies, or exercise his
talents describing sea serpents at
some seaside resort. If the gay and
festive Howard, before leading the
fair Glover to the altar, invested
his surplus funds in Franklin. or in
any other copper stock, it is dollars
to doughnuts that in the event of
his being able to hang on at al, he is
today figuring on that far distant
day when, perhaps he will be able to
get out even; he does not even ask
for profits on his surplus shckels,
but would be tickled to death to get
out whole.
"While such stories have their
amusing side to those who live here
and are aware of their falsity they
yet tend to injure the upper penin-
sula and its mining interests. One
party in the coming campaign has
declared itself for q special tax on
our mines, and such stories as the
above simply foster the idea, already
too common in the lever part of the
state, that every mine up here is re-
turning fabulous dividends to its
stockholders, an idea which is as
siduously cultivated by our own peo-
pie in the temptation to brag when
showing visitors about; at such
times every mine is a Calumet &
Hecla or Tamarack, the greatest
on earth, etc.
The day is coming when we will
have to settle handsomely for this,
if it is continued. We know, and so
does every man who knows anything
about mining, that there is but one
Calumet d Hecla in the world and
that for that one in this very dis
trict there are hundreds of ventures
which will be doing well if they ever
return their stockholders nickel
for the dollars they have poured in
to them. 1t is always so in min
ing country, the many fail while the
one succeeds and in return for his
immense risks gets fair reward
while he has to face the fact that, as
each days product reaches the sur
face, by just so much is the total at
his command diminished. In other
words. he is living upon his capital,
and the day is inevitably coming
when the richest mine of them all is
bound to become worthless through
exhaustion.
"The horny handed agriculturist s
thinker is fearfully and wonderfully
made and travels like cross.eyed
man who has been out with the
boys; it is just as well, therefore,
that he should not be given any
more pipe dreams about Franklin or
any other stock rising to $500 in a
day, lest we have trouble with him
down at Lansing one of these days.
1t is safe to say, too, that the Demo-
cratic state ticket will receive scant
attention in this neck Of the woods
after the provisions of its platform
are thoroughly understood. That
specific taxation plank is direct
bid for the farmer vote at the ex.
pense Of the miners"