Weekly Arizona journal-miner., 1903-06-17
WEEKLY JoURNAL-MINER and
[uNioN +TIssILI
PLUCK NOT LUCK.

Following is an editorial printed in
the New York Journal of recent date:
"a few years ago no enterprise that
did not bear on its face the stamp of
success, perfectly plain and common
place, had no ghost of a chance with
the men who had large capital. Tele-
phone stock at that period was the
widest sort of "cat.' Conservatism
was the mark of business age, and the
ordinary banker or other business man
would have thought it almost as much
to his detriment to be known as an
investor in the telephone machine as
to have it generally understood that
he was addicted to visiting gambling
saloons. The result was that all the
big men in the money market allowed
the telephone to get by them, and a
brand new crop of millionaires was
made when the new invention was
made a great public convenience,
with an almost unlimited possibility
for profit and an inherent quality of
monopoly.
But now things have changed. They
have been undergoing a change for
a number of years past. Some of the
shrewdest investors have bought min
ing and oil stocks when the stock was
low, and another bunch of men with
money, a good many of them million
aires, is growing up rapidly. Even
the rich men have not forgotten the
lesson of the Bell telephone.
Buy stocks in good companies. You
are sure to make from 100 per cent to
1000 per cent and more, and you can
afford to hold your stock for the high
premium it goes to and the dividends
you will get from it. The.Standard Oil
stock and the Comstock mines were
cheap once. The former sold at 81
cents a share, and has gone to $500
share. The Comstock could be bought
for a dollar and sailed to $1,000
share
If you buy stock in companies which
are solid as a rock, organized thor
oughly. with every assurance of pay
ing you big profits, and also buy
stock in companies that are not so
good. but which may become produc-
ers, the probability Is at the end of a
few years the ones that have turned
out to be profitable will more than
offset all your losses in investments
in bad or indifferentIy managed com
panies. Two or three may have gone
to the wall, but you have made money,
and you can't make 1t in such punches
in any ether field of activity in bust
ness. What other investment. aside
from mining and oil is mining. can
be found that will pay such a prem
ium? Wealthy men, who are abreast
of the times, and for that matter men
who are not wealthy, but who think
and act on their own judgment, and
who have a few hundred dollars to in +.
vest from time to time. realize today /.
what money can earn when placed in /.
the right channels, and they naturally 1
AOOh AAtO AO" o4teA BI1StSs dS oil ueu I
should do, and buy stock in those
which appear to have merit. man
or woman is fortunate or unfortunate. |
depending wholly upon what he or she /
does. Affirmative, assertive decision I
is productive. Conservative decision /
is decision to do. You cannot make /
money leaving things alone. To make .
money you must take hold Real .
estate, life insurance, the loan asso-
Citations, savings bank investments all /
are good in their way. They are
claimed safe investments. Have you
made any big money from any of
these Investments? In 1898, you will .
remember, over GOO banks failed.