Arizona weekly journal-miner., 1902-05-28
A DISSERTATION
 ON MINING TRICKS
What an Rriz0nan Familiar With Interruptions Methods Has to Say.--Ths Safest Channel for the Outside Investor is Through inc Representations of the Pro- meter WhO is on the Scene or is Identified 10 the Locality.

ElOaAAtAANA @N @AA8 s--ONfNJ
 The Journal for Investors, pub lished in Boston, in its last issue has a very plain talk from tbe pen of Geo. U. Young, of Williams, on western methods of mining generally-from prospect to a wildcat, and for want of space cannot be reproduced in it's en- tirety. Here are some extracts from it:
 First, comnou honesty among the masses today is a rare jewel; second, the percentage of men well informed fn any one subject, will, upon exam nation. be found To be surprisingly low, and among the few who can claim bonors 10 even this percentage, the minds which can onalyze and req son from cause to effect, are very scattering indeed; third, the gull ible" portion of the general public are in a vas. majority, when the para mount thought of getting something for nothing is considered.
 Cunning stock gamblers thor oughly know this failing in human | ity. and they have no hesitation of taking q gross advantage with the re- suit that every day many fools and their money soon par5 "
 Every rule, of course, has its ex- ception, but the Following statement is comparatively true, t0-wit: Nine out of every ten invertors who have lost in mining investments in the southwest have p!ayeI their money against the cunning of some eastern stock gambler orcOmbination of stock gamblers. who have been and are shrewd enough to get into this coun- try and secure a bond on some kind of property and stock it. Very few investors have lost by needing the advice of local resident promoters or mine operators.
 The legitimate mining mon and promotes of the southwest are hon. est in their intentions and all of them stand ready to give capital investing in their propositions an exceptionally fair show and render to money all that is due in the risk assumed | These men, besides iH being in the business as mean If livelihood and to make what money they honestly can, have vet a higher incentive-and from a moral standpoint it is the highest point in honor for hich 6 man can worE-and that Is a per sonal and a u1.ura Cride in assisting in the development of the immeRsI treasures of mineral wealth.
 Mining is strictly legitimate. The chances of success at mining art about at par with any other bushes: if the management is capable anc | honest; but. like a manufacturing in dustrv, which has been incorporated and Sl.000.0GJ worth of stock sold while only 5000 has been devoted to the busiuess-the remainder of the | money being put where no one car locate it-a mine cannot succeed under dishonest conditions, and it i; impossible to understand how any stockholder can expect a return or his money.
 Not only is mining legitimate, but as a dividend payer no investment can begin to compete with it.
 The legitimate mining men of the southwest want to see the industry developed in the southwest. They stand ready and willing to do all in their power to get capital interested in a legitimate way. They don't want to see any any investor lose his money, but until the investor opens his eyes and lends a helping hand to the legitimate promoters aud operators, they are almost absolutely helpless.
 The legitimate mining men of the southwest invite inspection and ex- animation oi the properties they rep resent. if local az nts sell an inves- tor stock. jhy- investor may be sure t!iat the 5to.E ie of the best, or local men roul3 u1t be handling it. Ii the s,cc& is B cents or 50 cents a share, the investor may be s-ire that he focal agent >nows the prclrr-y is being honestly developed by h nest men. and every cent of the st @ hold CTS money is going towards la pay ment of legitimate expenses.
 Investors do not have to pa iegiti- mate promoters S20000 for properties.
 I have before me at the present time several queries and copies of prospectuses of a newly organized mining company in Arizona. The company is capitalized at Sl,00O,000, and the incorporators assert that there is nearly SlO,000 yet due on inc purchase price. I happen to b. per sonally acquainted with this proposi- ton aud the fact is the incorporators purchased the properties not long ago for less than Sl 600 cash.
 One more example among many which can be cited. \ mine which has paid thousands of dollars in divi- dends has been obtained by another