Idaho Springs siftings., 1903-06-06

Idaho Springs is becoming district
If big propositions. The same energy,
1 he same force, and the same business
Judgment that marked the dawn for
|yriDple Creeks mines are now in evil
hence in this district. Perhaps it may
he stated. in the nature of something
Iongratulatory for the district, that the
best element of Cripple Greeks former
promotion force is now at work in this
eld. This means a feature for the in
estor. because if the Idaho Springs
district should be compelled to undergo
| he same reign of the wildcat stock
Propositions the reign of the vulture
Who preys upon the investing public,
nd all those other unfortunate feat
res connected with the Cripple Creek
district. it is safe to say that the citi-
lens of Idaho Springs would rebel and
hat such tactics would not be permis-
ible
For the past forty years matter
II fact since the discovery of gold in
be Rocky mountains by George A.
Jackson on January 8, 1853, the motto
+ the Idaho Springs mining district
as been stability and conservatism.
Tor forty years gold and silver have
cen as staple here as corn and wheat
bore so, because mining has not been
ompelled to fight the battles of ad-
ersity against drouth, devastation by
torn and hail, and the many unfortu-
ate features incident to crop-raising
Ffguratively speaking, for these forty
ears the holes in the mountains have
cen paying-tellers' windows from
hich run rivers of gold and silver.
romoters for the past twenty years,
nd especially the old-style promoters,
ave entered the district with view
} opening up some of the big PROPOSE
ons according to the theories of
ild-cat element. but, as rapidly as
hey appeared and pitched their tents
DR. business, Just that rapidly were
hey driven hence by the people who
ad no desire to stand sponsor or in
nv wise become responsible for such
bnduet in mining.
During the past five years the most
Rputable promotion institutions OF
olorado Springs and Cripple Creek
Ave obtained properties in the Idaho
brings district, and by business meth
Is and honest methods brought about
system of cooperation whereby the
an with a dollar became a partner
a big mining concern the same as a
an with a million. AS a result of
lis, the Idaho Springs district has
actically been transformed from the
PINE of the individual owner and the
ose corporation to the district in
hich thousands of Eastern investors
e now interested With all the wild
1t speculations of Cripple Greek. with
the false pretenses employed upon
hich undoubtedly many thousands
oh fhp fart rnm1inp1 that
ripple Creek possessed enough honest
bmpanies to show results.
To-day that district is producing from
500. 900 to $1,000 900 per month, and
ousands and thousands are paid out
onthly, quarterly. and annually in
e way of dividends to investors.
We use these facts to illustrate the
ga that stock companies, when pru-
Ently, cautiously and honorably man
Eed. are beneficial to the district and
kewise beneficial to the investor. Few
en- could afford to pay thousands of
pllars for great mining proposition.
few hundred poor men can get to-
ther. place their mites so that they
axe one grand total, and with this
operly handled they obtain the same
suits and ultimately share in the
ofits instead of having this profit go
one man or to a close corporation.
About two miles above the spot
here gold was first discovered in the
bcky mountains, as heretofore men
bned, a new mining company, which
IL unquestionably become one of the
ccessful ones of the district, has be-
n work. We refer to the Chicago
ountain Mining and Tunnel Com
ny. The gentleman who practically
charge of this, or the promotion
it. was one of Cripple Creeks most
bstantial, solid, conservative and
ccessful mining men. Since his re-
bval to Denver he has followed the
me line of action he did in Cripple
eek and established himself by con-