The Nome nugget., 1902-06-21
WILD CAT MINING COMPANIES.

VlIO NAI NBAN1HO OVNIfANLCs.
 The NuCGET is always glad to hear of any under taking which has for its object the development of She great latent resources of Alaska. It welcomes
 the investment of capital and. extends the glad hand
 to legitimate investors. There is field for legitimate investment nthis great territory There is for stock jobbng sharks and swindling mining schemes.
 In recent issue of the NUGGET story was told of swindle perpetraed in San Francisco, by which more than hundred innocent, unsuspecting men were heeced by des gning, constituencies scoundre and sent Nome under the belief that they would be given work at big wages. A number of other schemes, equally atrocous, have been recently launched in the United States. In order to induce
 the gullible to subscribe to the stock of those porations the most astounding lies have been told; forgery has been resorted to, and the of citizens of Alaska used without their knowledge consent in order to aid the swndng operations of Il band of fires sponsible reebooters, wafs fortunes for the most part, monumental gall and nsuffer- able mpudence the only "poke" they ever saw; who, cast upon the shores of Boring sea- sorrer adventurers han followed in the train of Pizarro Cortez, but not without rat sagaciy to take advantage of the unsophiscated in the places from whence they came, conceived the idea of organizing joint stock com panie for the sole purpose of separating the innocent from their hard earned dollars
 Corporations which be organized in nearly every state of the Union by the expenditure of twenty five dollars and the assignment of fvw hundred dollars in stock that is not worth the paper it is written upon for the of the names of men to give it Legitimate standing" are one of the worst evils that effect mining country. Recently we have read of the incorporation of gold mining companies, with many millions of capital stock to work gold placer claims that never existed except in the minds of the promoters" Corporations have also been formed to work tin mines in this section and yet there is not man in Northwestern Alaska, out of it, who will dare to make the assertion openly that ledge of tin or anything approximating it has ever been found
 These stock -jobbing scoundres need to be dis couraged male and female. With glib, lying tongues, they doing incalculabe injury to legitimate n- vestment and legitimate mining. We free to confess that those who led to invest their hard earned cash upon the representations made by set of unconsconable fakirs scarcely entitled to sympathy. We have none to waste upon them and would notthus refer to the matter it not for
 the fact that these swindlers incredible it may seem, the means of materially retarding the de- velopment of rich country. Alaska needs no fakirs of this kind. It is crime to encourage them. They should be denounced il! the strongest terms, They are wolves who play upon tho cupidity of the cfedulous; yet the country itself is the sufferer.
 The NUGGET proposes to give every encouragement to the legitimate corporation, which evinees its faith in the country by its work. These number of these, which need not be mentioned because they are we'll known; but forthe swndng, stock-jobbing con which robs the poor washerwoman of New York or Boston New Orleans by holding up q glittering golden bait in hand anda stock certificate in the other, there is. no room, large as Alaska is.