Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1903-04-11
TON0PAH BONANZA.
SATURDAY APRIL ~ lsa
NnnrN n Mining.

At u,nusy invested Ia banking. bat
tho former pays much larger divi.
deud, There j. undoubtedly more
money lost in Specializing IN corn,
wheat aud real estate than in mining.
II is estimated that the annual divi-
dends on the nominal capitalization
OF mining companies amounts to
more than l3 per cent 1t is no won
der, therefore, that during this yea
there has been such an inquiry fol
good investments in mines and min
inp stocks. The honest promoter
investigates a proposition fully be-
fore accepting the financial agency.
He usually has friends who rely on
HIM TO make investments for them,
and fully 60 per cent of the promo
ters are themselves investors in
the stock they market. An hon
est promoter is an absolute necessity
for the development of a new enter
prise. 1t is to his hard work and
ceaseess labor that many of the
greatest financial successes have
been due. 1t is to the Flooding, hard
working promoter that many mil
lionaires Of to-day, who invested in
such enterprises as the telephone
and the telegraph at their develop
ment period, owe their wealth All
the rich mining propositions of to-
day were brought to the attention of
the investing public by promoters.
There are hundreds of good mining
propositions on the market, and a
thousand ways of separating the
good from the bad. The question is
often asked, eff this mine is as adj
vertised, the owners should have no
trouble in raisin money enough to
work it, There is no trouble what
ever if the owner will relinquish all
rights to the property ; that is what
the capitalist expects if he advances
the money, and so the owner either
has to lose his property or seek some
other channel to raise capital to
work his mines. There is where the
promoter comes in. For a commits
sion he undertakes to place the stock
on the market, and by the organiza.
ton of a corporation of small stock
holders enables the mines to be
worked and saves to the owner
large interest in the property.
The cost of producing gold has fall
len 60 per cent since 1870, but the
price of the refined product is the
same and is likely to be ever the
same. This explains why every gold
mine on the California coast that
promises any returns at all on the
capital invested is snapped up as
quickly as it is offered for sale
Abandoned prospects are being
transformed by modern methods of
operating into paying mines, and
second golden age is coming to Cali
fornia and her sister states of the
great golden west, while the great
frozen zone of Alaska is producing
more gold year by year as modern
are brought to bear and
non-freezable explosives are intro
duced into the country.
There are numerous wildcats"
in the market, and, unfortunately .
many investors are led into investing
N them to their sorrow, Even
: wildcat" is not always to be
turned down, for these are some
times alluring, with reasonable
,hances that an investment of this
lass may prove success. A prop
'rty having little or no development
nay lie contiguous to a valuable
nine, wherein the indications are
hat the ore bodies will extend into
he adjoining property Such an in
'estment makes good business
proposition, but should be approached
With caution The Consolidated Cali
Drnia and Virginia, ON the Com
took, was just such proposition.
'othing within itself developed, but
aving good mines on either side of
i, the good Judgment, courage and
lsiness sagacity of ] W. Mackay ,