The Montgomery advertiser., 1904-07-24

rnost any other business" said MT. walsh. q mean for the careful, con- servative and intelligent operator. Il mean the man who engages in mining as he would in any other business who studies the subject, who carefully m vestigates before he invests, ana Wno at the same time has a moderate amount of business judgment. There | ts no reason why such a man shVuld not succeed.
 But thousands fail!" said I. | "That is true" said MT. Walsh. | "There are many failures in every bus inese. It is said that 95 per cent of our merchants fail at some time in their lives I doubt if the per centage of failures Is greater among miners. One trouble is that those who invest in mines are not careful enough in mak- ling their investigations. If you test mine properly going down alongside of the vein and taking out samples at different levels. you can estimate its value just as closely as you can that of any other investment. There is al- ways a speculative value beyond, and as a rule you should pay for only that which is in sight"
 | Advice to Young Men. | Then would you advise young men 1 to take up mining as a professional" l "I don't see why I should not" said Mir. Walsh ''Their success will de- pend largely upon themselves but see no reason why they should not make as great Q success in mining as in other Itrades and professions. There is a vast amount of gold and silver left in the world. I doubt, indeed, if 1t will ever be exhausted. The main trend of the Rockies has been scratched over | and parts of it have been pretty well l lnrn faI huf fp ay1I spurs and cross ranges. the contents of which are unknown. There is many a little valley or side hill In the Rockies not yet dug into which may contain gold and no one knows how much. Some of the best of my properties do not cover as much land at the surface | as two Washington city blocls There may be little unknown valleys in the | Rockies out of which will be taken hundreds of millions of dollars worth of gold ore."
 | What do you think about Alaska ?" | T feel sure there is a great amount | of undiscovered gold in Alaska That which comes from the sand of the l seashore is the washing of quartz de-
 posits somewhere in the interior They are sure to be discovered sooner or | later"
 A Word About the Camp Bird Mine.
 
 | Camp Bird mine. Mir Walsh?" | "I bought that property as a silver 1 and lead proposition" was the reply. | Tt had been unsuccessfully mined for 1 silver and lead. and millions of dol-
 lars had been spent in tunneling the 1 region and In taking out ore. | thought by consolidating the mines we | could perhaps make a profitable invest l ment out of them. although they had not been profitable before. In going | over the mines however. I found gold | in a form which the operators had not
 noticed. You can see what I mean by | this piece of rock
 | Here MT Walsh crossed the room
 to a cabinet set into the wall. It was | filled with nuggets, Jumps of rock
 some in the rough and some highly
 nol,shed. little gold bricks and other
 mineral specimens. He picked up
 oiece of stone which looked like
 abunk of broken quartz with a black
 rusty stain upon 1t.
 "rbat stain" continued he as he
 ,oir+ed to 1t, lis gold. and very rich
 ,t ;s There is also gold in smaller
 quantities scattered through the quartz.
 as you may see from this polished
 piece of rock
 11e here wet the surface. and I could
 600 the little gold specks shine out.
 "rhe most gold is in the rusty stain.
 .srbe first miners did not notice that.
 rbev did not think they had any gold
 worth mining. and in their search | for silver and lead they threw away
 as waste thousands of dollars worth
 of stuff which we have since ground up
 and sent to the smelters In going
 over this region seeing this rock, told
 my assistant that I was sure 1t con
 tained gold. Shortly after that l had