Bisbee daily review., 1904-04-28
Successful Mining
 AND THE
 Causes of Failure


 to that of 'wildcatting," or mining on paper or the kind Of mining that the majority of people are so familiar With and yet know so little about the results obtained through actual min ing or mining on a commercial basis.
 As further illustration of the phe- nomenal growth of the mineral indus try in this country, the following fig ures, which were taken from the re- ports of the United States Geological Survey, are given: For the year 1902 pncluding foreign ores and bullion) the value of the total product of our mines was si.431 ,072, ,7s9, or, after de- ducting value of foreign ores and bull lion, it was s1,23S160,031. Of this amount the value of metals for the same year is given at S510,553, ,421, with gold $79, 800, and silver s2S,- 9is,so0. Now. if We take the popula- uon Of the United States at S0,000 900 there is, therefore, enough mineral wealth produced annually 10 give every man, woman and child in this country a check for the sum of s14
 s1 being gold. plus a 50-cent piece in silver. With the gold product of the entire world aggregating the sum of about s360000,000, We need fear no immediate panic for the want of re- dempton money. But with pride and confidence We should look forward with hope and applaud the great min Ing ln0nErrU which fe rrfr ho nations of the earth to the extent of nearly S1,0O0,O0O worth of yellow gold at every setting of the sun.
 Again, when We compare the pro duct of the mines of this country to the number of mines which it would be possible to employ at a profit. we find that s1,000,OOO is sufficient to employ 1000 miners for the period of one year at about three dollars per day each, and the value of the total product of our mines for the year 1902 (s1,23S,160,O31) would therefore be sufficient to employ 1.23S. .160 min CTS for a whole year at s1 GOO each. How the Apparent Cost of Mining Is
 SweIled.
 Tn the face of the foregoing figures, ! who in the name of common sense would believe that old deluding and l absurd assertion set in vogue by 50 l many people, and which has become | an universal by word. especially by I those who have been nipped. that | there is more money going into the | ground than is coming cut of it." No | one familiar with the statistics of | mining would stop for moment to consider such a statement, much less to give it credence.
 That there are millions On top If millions of dollars annually going into the hands of sidewalk mining schemes incompetent parties, and into the pockets of interruptions mining pro- moters, cannot be denied, every dol lar of which is wrongly charged up to the account of the mining industry: so, after all, it is no wonder that the masses of our people estimate that 1; the amount of value coming from tha ground Is TO greater than that going ; into IL, such an assumption is. never theless, woefully wrong; but there is reason for its frequent utterance. If, therefore, the investing public would wake up to the true condition Of things, they would soon discover. as many do. that in a large number ( or cases where they have invested ; money in mining propositions and lost tthis money went no further than the promotion pocket, or per haps it was squandered by so-cal;e I , mining men in the ability and intez- rity or whom they placed implicit con- jy ndence, but who, in fact, when th. Ic truth was learned, knew nothing al all about actual mining save what they had gained in conversation from street foafers around mining camps. rom information obtained through !. me newspapers and other similor \ sources, and that the large sum thus ! lost did not in fact go into the ground c It all, but into the pocket of the pro T noter. f is not intended here. however, c hat the reader should infer from this t nat all mining promotionai proposi- ions are based upon fraud, for such ' s not the case by any means. nor would the writer discourage the de. 'elopment of the mineral resources il T this vast western empire by ad- u 'ising the enterprising investor to a teer clear of all such enterprises. in But if the investor is wise he will tt seertain for himself the true nature Il I all such speculations previous b utting his money into them. "nct ,, fterwards.' All that We would ad- ss ise in the present case, if common h. ense does not teach him as muca. is ne look before jumping. mot after. al ards" or
 Don't se Hasty. SC "Get in upon the ground floor is ba e very shibboleth of the typical Tx ming promoter; or If you ever ex- pc ct to get rich Ouick ha fret .1 ip ha