Idaho Springs siftings., 1903-01-31
THE OUTLOOK FOR THE MINES.

No time in the history of the county has
presented better indications for the mining
industry than the present. The large num-
Der of new shippers, the continuous devel-
opment work, the capital attracted to the
district the Inauguration of more modern
method of treating the ore and every favor
able factor appears to be showing the camp
to excellent advantage.
People are beginning to realize that min
ing is business. That it is not specu1a
ton but a business that must be conducted
by men familiar with it just the same as
the hardware business or any line in the
commercial world must be conducted by
business men educated in that line in order
to become successful.
1t is probable that the Idaho Springs dis
trict is better known as producing section
at the present time than any other in Col
orado. 1t is known because it has been
we'll advertised and possesses a reputation
for stability. 1t is not new boom camp
one of the mushroom affairs that has been
established in a night. During the pres
ent month of 1889 the first gold ever taken
out of the Rocky Mountains was taken out
of a lode right here i'll the city of Idaho
Springs Since that time the development
of the district has been in every sense solid
and substantial. There has been rather a
tendency to be backward than anything
else. Those who worked properties here
for twenty years believed it to be the bet
ter part of judgment to keep from the gen
eral public the items of news and progress
that world attract capital. There was a
prejudice against the stock company.
Then the Cripple Greek boom came on and
the condition of affairs there had tendency
to strengthen this prejudice. Later devel-
opments, however, proved to the world that
with all the bad companies of the great gold
up and developed to produce s. 900, 900
per month.
This was enough to establish the,aalidity
of the claim of stock companies. 1t was
proven that the capital brought into Grip
pie Creek had not only brought millions in
to the district but it had placed that camp
in a position where it could return millions
in dividends to investors. Then the stock
company became popular all over the state
and today the capital of the eastern man is
doing more to develop Colorado and her
mining interests than any other factor
The Idaho Springs district possesses the
best list of stock companies in the entire
state. The people are conservative and
they have demanded conservatism in the
promotion of these companies. The man
who would come here to float a genuine
wildcat proposition would find no favor
custom and usage for years, that old spirit
of conservatism, would be against him and
without its aid he could not succeed.
A vast amount of capital is coming into
the district from the east every month and
the way the various new properties are op-
ening up would indicate that it was to be
most generously rewarded for its invest
ment.
The people should assist in keeping the
district free from the taint of wildcat meth
ods and if it can but few years will e1apse
until the production will be multiplied by
five and the favor in which the district will
be held will be even greater than it is at
the present time.
Four years from now will find political
u Il.