Arizona republican., 1902-05-22
. Mines and Minerals 9 Arizona
BUYING GOLD MINES
Good Things Come Hish-A Better
 Plan is to Help Make Them.

Within a week local mining expert applied to z representative Of The Re publican mining department sor infor- nation. He had just received d telo- gram from an organization Of eastern capitalists saying that they would lEs to buy a good producing gold property
 worth from S250.GC0 up. but they want
 ed good investment, something that would guarantee good profits and a
 property whose value is already es-
 tlbiished-rO prospect wanted. The expert was unable tc fill the order and The Republican was unable to help him.
 This incident makes timely q Tepeti- ton Of the substance Of an article printed il these columns some months ago. That is that absolutely sure things never go begging very lols. If q man CT a ccterie nf men have Gug and deived and spent their money fer powder and grub till they have deVeI- oPed q mine 10 the point Of erecting reduction plant that will turn out gold enough tn pay back the money invested and a neat profit in the future. that man or these men generally have sense enough tc sit back in their easy chairs and amusc themselves watching their bank rClls grew. There are lots of mines in Arizona that answer tho de- ScriptiCn given in the telegram. But they are not for sale except in the event of aA offer so large t would net q bigger profit to the owners than the possible investor could hope t0 !egiti- matoly spend in the Gevelapm It of q prospect equally as promising as the made mine was in its early history.
 Eastern men tCO often get the idea that because they cannot send out two CT three hundred thousand dollars whenever the spirit moves them, and get for the asking a mining property that will return large profits as regu- lar as coupons fall from government bonds bearing only three or four per cent. there is nothing in Arizona worth having and nothing to be madr in mining except through Wildcatting
 As stated above no one will know irgly throw away q good thing and unless it is known to be q good thing the eastern man refuses to invest. What Arizona wants is for the invsstor to be conservative and careful but aU the same time willing to take the same chance cn mining venture that he
 
 factory enterprise.
 Instead Of putting up $2OOCQo the in investor is asked to put up, say an eighth of that amount on prospects that seem to have everything in their favor-and there are lots of them. I-et him keep the other seyan-eighths of his capital to make improvements with after he has spent a few thousands to prove his new holding conolusivciy- Then he will have mine that others will want to buy, will be developing the industry. helping out the poor feI- low that made the discovery and in the end two-thirds Of what he now offers for developed mine will be all profit to him whether he sells or keeps his mine and works it. No man knows eX- actly what is in the ground till he digs. But it takes only comparatively small awCunt of money these days to ascertain by digging whether 2 pros poet is N orth development or not. II a man has $500, eco to invest he can af- ford to develop q great many claims