Bisbee daily review., 1902-07-20
sTuAl nUAssta PRINTED Io-eAy.l4Oo.
4 SAFE INDEX TO VALUE. s.

1fFT T~77N"sgf
 It is interesting to note in connec ton with the various new companies which have been started to operat, in Yavapai county. the faith that locaI people have in home promotions. AT example of this is an Iowa Mining and Development company, of which something has been said in these col umns. The block of 25,0O0 shares which was offered the public, was over subscribed by many thousand shares. all being taken by local people in Jerome, Prescott and the Cherry creek district, where the mines are To cated. If people who know the mines are so anxious to invest, it is a surs sign that the company has something good. We know a number of popls who took from 1000 to 2,0OO share. who wish now they had taken more Journal-Miner.
 There is no safer index to the value of a mining property or of minin. stock than to find out whether loca people, who have the best opportunity to learn the character of the mine. and the men handling them, are in vesting in stock or not
 Many people in the east have beer, systematically fieeced by a number os mining sharks, operating on Arizona mines. In every instance. so far as we have learned, not a dollar of stocl in any of these fake enterprises wa: ever sold in Arizona, or even offered for sale by the scoundrel promoters In every case it has been the polio to keep everybody in Arizona and i the vicinity of the property, in the dark as to what was being done. If Arizonans have known anything abou Q the sale of stock in these fake com panies it has been by accidentally stumbling on some lying advertising description of hte mines in an easteri paper.
 There are many legitimate minin investments in Arizona, in which east ern money can be safely invested. buy those who buy Arizona mining stocl solely on the information gained iron description of the mines in an eastern newspaper. are taking desperate chan ces of losing.
 when eastern people are attractet by advertisements of Arizona mining stocks, before rushing their money in if they would take the precaution to make inquiry where the property is located they would place themselves in position to form some intelligent idea of the chances for profit on the investment
 There is TO better evidence of the honest faith of promoters of mining enterprise than the fact that they are offering stock for sale and advertising their properties in the local newspa pers at home. among people who have evry opportunity to- make investiga- tions as to it's value. If eastern invest ors would make it rule to buy nc mining stock not advertised in the Arizona papers. as we'll as in the met ropolitan papers in the east, their los on such purchases would rapidly de crease
 The old Spenazuma stock was neve advertised in Arizona and never a dollar of stock was sold in the terri. tory. Arizona people knew nothing about it. ard there was not single Arizona man connected with the dis reputable business The same is true of the Montana and Great Eastern and many other schemes based on abso- lutely nothing in the way of a mineral showing.
 People woh have legitimate enter prises do not ignore home end go away to get money for it's develop ment. but first seek to interest these at home that are acquainted with it's merits. A ~
 When they run east with glowing announcements .s of "milqbns to be made.v in New York and Boston pa' pers and never print line in . paper published where the property is loca' ted 1t is prima facis evidence of fraud