The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1903-06-25
THE LEGITIMACY OF MINING.

THE LEGITIMACY OF MINING.
1t used to be the case, number OF
years ago. that investors in mining Sc
curties of any character. were prone To
make their investments secretly for fear
that their immediate associates would
learn OF their ''wlld-eata industry
Some made fortunes for their ventures
in this line, but, for fear that their
standing would be impaired in commer-
cial circles should the source OF their
wealth become known, they kept their
own secrets, letting the public attribute
their success in acquiring wealth and
opulence to successful operations on
Wall street; TO fortunate specaations
made In railroad stocks or grain.
Gambling on Wall or Treadneedle
streets was attended with no moral
faint In those days, but these who en-
gagged in mining, and TOOK their wealth
from the ground, were looked upon as
being engaged IN an illegitimase busi
ness. Without investigation and even
without hearing both sides of tie qnes-
ton, mining in all It's branches was con-
demued, and any man, no matter how
honorable in his dealings, was ciassed
as cheat and fakir. II engaged in
mining.
or late Years. however, conditions 10
this respect have changed. The num-
Der OF men who have made fortunes IN
mining are so plentiful in almost every
walk OF life that the curse has been
lifted from this great occupation, and
the returns have been so great, the OPP
portunities for honest enrichment have
become so numerous, that the industry
has been awarded the badge OF legiti-
macy even in circles most noted for con-
servatism. Wall street. even. has OPP
ened its arms to mining. Millionalres
and men OF means on this continent and
Europe deals now as heavily in mining
propositions and mining securities as
erstwhile they did In bonds, stocks and
mortgages, and the industry is now en-
braced, by all alike, with as much en-
thusiasm as ii was formerly strongly
condemned and ridiculed.
The reason is obvious. Strictly bust
ness methods now govern nearly al
mining enterprises. The day of the
"pig in the poke, as far as mining is
concerned, Is past, and men now know
what they are getting when they in.
vest in mining property or mining
shares or securities OF any kind. No
guess work is INDUCED in. Examina.
tions are made. The purchaser is as
thoroughly conversant of what he is
doing as If he were investing in team
of horses, a farm, or some industria or
commercial proposition.
Predicted results have followed A
few hundred or few thousand invested
In mines or mining stocks have brought
the investors thousands and millions in
return We not only see mining kings
and magnates in the west, but we find
them throughout the cities and towns OF
the east, also. Every mine does not
make fortune for its owner, nor does
every business venture in other walks
of life; but. it has been demonstrated
time and time again, that the percent
age CT success in mining is greater than
Is chronicled in other pursuits, such as
an investment In railroad stocks, 10 in
dustrial securities, or in the gambling
In stocks and bonds.
Mining has more millionaires in its
ranks than there are banking or man.
ufacturing magnates, and yet mining,
strictly speaking, is still only in its In
fancy, and. where one man has been
fortunate 10 this industry in the past
a thousand will be more SO in the fn-
ture. as. at the present day, the masses
are beginning to realize, more and more,
the legitimacy OF the industry and the
many grand opportunities offered thro'
its avenues for safe and profitable in-
vestments Mining Review.