Idaho Springs siftings., 1903-07-18
AN OLD JOKE.


The reported sale of the Alice mine to
the Tom Bay people; to the Woods In
vestment Company; to the Gould's to J.
P. Morgan; to the King of Sian, or some
other company or persons are revived
about ever so often by those who want to
give first information. 1t is like the
dutchman's bronco: "She Jump and
bucked ard never moved already yet"
About ever so often "socalled experts
appear on the ground to make an exami-
nation of the great Alice mine for some
wonderful combination of capitalists, that
control billions, and who are going to be
working ten thousand men here inside
of a few days. These ould-be-experts
like to dwell on the magnitude of their
commission. Up to the present time no
less than 1908 experts reports (more or
less) have been made on the mine, which
vary from SIoo, 200, 900 in sight to half a
million in loss to the one who tried to
work the mine. This will give a grand
difference of $Ioo, 500, 900 between the
opinions or rather the reports of experts,
all of whom have made very thorough
tests and have reported on the "actua!
value" of the mine. Every one of these
reports are absolutely correct, no matter
which one you wish to choose. Of
course there is a little difference, but
that can be explained to the investor by
his favorite expert-the same as the as
trologer claim all lifes horoscopes are
fakes excepting his own-yet capitalists
pay 'experts" from S25 to SIoo per day
to make these reports to them, which are
of no more value than horoscope would
be, which can be obtained for two cents
by addressing Prof. Astro. My private
opinion would be, Il expressed privately,
that all experts are fakes in sense, in
that they can not tell any more about the
value of mine, prospectively, than
toad can, though tie toad would not
croak so loud as the expert. When any
two experts will show me two reports
made separately without knowledge of
the other and they both come to within
a million of each other as to the value of
the Alice mountain of ore, then l will be-
gin to believe their work is based upon
some foundation of truth
But all this simply means that it does
not take an expert TO tell us that the
Alice mountain of ore is one of the
greatest, if not the greatest, deposits of
ore in the world. 1t is probably the
most open field in the world for the man
of science to enter, whether he be a man
from the scientific school or the school of
practical experience. The ore body is
practically unlimited and its true value is
known to be near 5000 per ton, as it has
D -oduced such re ults couldn't have been
obtained if the values were not there.
Is this plain2 The question resolves it.
self into what treatment will save the
greatest per ceutage of value, with the
minimum cost of treatment and mining
No man can estimate the tonnage-he
lies if he tries-it is simply a mountain of
ore. aud this is good description of the
mine. 1t is an original one and the best
one ever published.
deal has been pending for some time
but no final agreement has been reached
and with the present price held by the
Alice company, no sale is likely to be
made. However, should the Alice COM
pany conclude to give year in which to
test the mine at reasonable option, the
sale would be effected in a very short
time. What stage the sale is at now do
not know or care. But experts reports
is not the factor which will sell the
mine.
CnME Hnnn