The copper era., 1901-01-17
PAYING MINES.

we will give the names of the most re- liable and already dividend payers.
 Also list of the best partially devel- oped mines. and which will, according
 to the best judges, become dividend
 payers at an carly day. We shall do
 this for the information Of investors as we'll as fer the interest of those who
 own neritOrious 'pining property. We 7 yant to sec the mining interest Of this
 ction built up on a sound, practical 'business basis. Therefore, no one need
 apply to this paper to boost up any
 wildcat scheme, for while deals Of
 this character may be of temporary
 benefit to few shrewd and unscrupu-
 lous schemers, they react, and do a
 thousand times more damage to legiti-
 mate mining. Therefore, any questions
 asked THE ERA by investors from any
 section of the country will be answered
 bo obtained on the subject There is
 no section in the United States which
 has brighter outlook for the future
 than Arizona and southwest New
 Mexico for legitimate mining, and
 there are more good paying mines in
 this section than any other mining area
 in the United States, in proportion to
 the time and amount of capital invest
 ed. And vet the best mining districts
 of this country have hardly been
 scratched. There are great oppor-
 tunities now lieing open, where pros
 poets can be developed into good pay
 jug mines, under the direction of good
 practical mining men, backed by suffi- cient capital to develop the same in a
 common-sense, practical business way.
 But investors must understand that
 successful mining cannot be done from
 gorgeously equipped offices in New
 York, Boston, Chicago or elsewhere
 where promoters do the most of their
 mining on paper. In these eloqucntly
 advertised schemes the schemer four
 ishes, but the lambs get heeced. They
 are led into buying worthless stock,
 through ignorance and avarice, and when the bubble bursts, as it always auee, thon the poor neeced lambs are
 ready to condemn all mines and min
 ing, when in reality if they had placed their money in honest, legitimate min ing enterprises, there would have been ten chances to one that they would have received d larger percentage of profit than in any other legitimate
 investment.
 But how is this result to be accom- plished? How are the inexperienced to be protected? Capital is needed to develop the great mining resources of the country. But how can this capital, so necessary, be protected. and at the. same time guard the investing public against the disastrous results Of investing their money in these fake advertising schemes which have al- ways been such a curse to the minin Q interest of this country? The answer Is plain and easy. Let the great Min ing Association, which is to assent ble in the city of Fl Paso on the 11th, 18th and 18th Of this month, appoint com mittee of twenty of the best known, most reliable and trustworthy mining men, belonging to the association. and let that committee appoint sub-com- mittee in each mining district com prising the territory of the southwest mining area of this country. Let these sub-cOmmittees be required to inform themselves in a general way as to the resources and advantages of that par ticular district, and let it be under stood that any investor, who may be considering investment in any oue Of these districts, can apply to that com mittee for any information as to the merits or demeritS of any property S->red for sale by any company or and that the said committee shall get at reasonable cost to the enquirer all the information obtain able about tho property in question and let it be understood emphatically | that any misrepresentationS by any or any member thereof. l shall, upon proof, result in immediate I expulsion from the association. and ex- posture in all the prominent mining | journals in the country.
 In our candid opinion, it something | like that plan be adopted, it would | put au end to all these wild cat ventures that have been SD frequent of late, and result in such flow of legitimate mining capital into this ! country as was never seen before. Our prosperity in this country docs not and could not result from fictitious mining booms, but in legitimate prac- tical mining mining managed on business principles, and mining man. agers selected to operate the mines because of their special qualification Tor that business. Of all places on earth there is less room in mining company for superfluous figureheaas. provided for by anxious relatives, un. loaded on the company at high salary because he is worthless at home IT he company must carry such a burden t would be far better to board him at ! tirst-claSs hotel far away and pay his alary in addition. If such characters vish to become mining magnates let hem first take up the pick and shovel, nd work his way up the same as the -reat railroad magnatss and others ave done before them. The same ! ule applies te mining. II