Idaho Springs siftings., 1902-11-29

Mr.. MINER!


! Will you write Siftings a letter telling in I
Z your opinion which constitutes the best in ].
I vestment in mining, the developed property i
! or the prospect? In answering this it should Z
+ be taken iuto consideration that both are on !
+ a stock basis. Z
I What, in your opinion is the reason that Z
! many good properties are offered at such !
Z low figure? Is it not fact that lack of I
! capital for development purposes usually :
! forces these sacrifices?
! What method of obtaining capital to aid |;
!: in the development of the district would you j.
{ regard the best? Z
Is it not fact that bad management con- Z
! tributes more largely a factor to bring Z
Z about failure with companies than any other +
! factor?
I We would be pleased to have any mining Z
!. man answer these queries and tell the people I
7 his ideas concerning mines and mining. :
.ss.s.. = !. =. =
On this page we publish a communication that
asks the questions proper to set the people think
ing Siftngs is willing to aid in the good cause of
placing mining upon the solid substantial business
basis it belongs.
1t does not mean by this that mine to be
worth ten cents must be producing proposition.
We have several people in the district who happen
to be placed in a position where they talk of
producing mines who it to knock the prop
critics that being developed.
If producing mine is what it is cracked up to
be, there is reasonable logical reason why it
should be selling stock. If it will not produce suf
icient to at least pay its way in the matter of
additional development there is certainly something
peculiar in its composition.
&c he aY1rda min at utus sell the
stock. 1t is the poor man who has good PROPOSE
ton and no capital to work it who must say to the
outside world 81 will place my property against
your cash and will develop the property and de-
termine what there is in it."
When mine attempts to sell itself on its rep
resentation producer there must be reason
why sale is desirable why the sale of stock is
desirable. During the past year several PROPOSE
tions have been advertised producers and the
parties who have sold the stock have lost no time
in expressing contempt for the proposition that was
in state of development. Today these same prop
ostions are not producers. They as barren as
the mule and like that animal, 'have neither pride
of ancestry nor hope of posterity."
There are many things to be taken into consid-
Grafton in the matter of asking investments from
the people of the East. We may have the wrong
idea but whether it is right wrong want
frank and full discussion that will not only benefit
people here but the reader in the East we'll
There are those who decry stock selling and
yet the greatest gold camp in the state or the great
est in the world made great through selling
stock. Reference is made to Cripple Geek, which
is paying thousands and thousands of dollars in
dividends to Eastern investors every month.
There is an abundance of capital in the East
for investment. The people there investing it
in bonds at three per cent when they would gladly
invest it in mining propositions if there some
method whereby they could ascertain whether the
investment was in which they had at least
chance for their money.
We believe there is way by which the
state can pass law that will protect the investor
of the East. We believe, at least, that there is
some way in which the authors of the prospectus
issued over the state be compelled to tell the
people the truth in these prospectus. We believe
there is a way where the state exercise pro-
tectng influence and guard the investor of the East
against the shark of the West. No who is in
terested in honest mining will take exception to
this, for he will realize that honest and honorable
investments and the that would follow
would bring thousands of dollars into the state for
development purposes where hundreds and even
tens are brought in
In the next issue we want the attorneys of the
city to publish whatever suggestions they have to
offer to make the law better than it is at the pres
ent time and assist the legislature in arriving at