Idaho Springs siftings., 1904-05-28


trusts have control OF the smelters.
and the charges are frequently made
OF dishonest transactions. and the sub
DUNG Of local assaFers by the sinesf-
ers. All transactions passing through
his hands should he paid for on a
small commission--onlv sufficient 10
hear the expenses ol bis 0flce.
FEfth-T The secretary of the board
shoah be thorough competent geol-
ogist of recognized ability. He should
have the power 10 inspect any mine at
anY time he saw fit. and he should have
control Of the survey mine and boiler
Inspection. end other work that might
come uader his department Under his
department any Information wanted by
either the miner or investor should be
given free OF charge. All statistics
should he kept bY him Of the states
production. and he should be recog
nlZe9 as the only authority for such
Information. Mine managers should
be compelled to report 10 him monthly
as TO their workings AMI production
All such information should be kept
By him as secret. though be included
In his reports to the board. as whole
relating to the mining industry Of the
state
-lAAf4-NAA fAEEHt-E Ra I4lAilE HAAVtsAA
come under the control OF this board
as well as the oil industry o. the
state
seyenih-They should have the
power to condemn any enterprise at
auy time they see fl, for cause, and to
revoke any charter for any mining in
corporation not complying with the
laws % the state
II appears to me that such a board
or bureau OF mining wonld be the
rreatest boom to the mining interest
u this state II given the proper sup
port BY the laws OF the state There
can hs no question but that there are
organized daily in this state compa
nies that have not the object to
70 enrich the investor. and have little
idea Of that or that own property
that have a prospective value even Of
one thBusandth part Of their capital
stock. They are advertised By the
mining shark and are the most sue
csssfui in many instances OF raising
the funds TO work" on. There should
ne some control OF this and some law
to regulate the dealings of such pro
mOters. The honest men can make no
objections 10 such laws II will pro
mole the mining interests OF the state
n every wav The eastern Investor
Is not unwilling TO take his chances in
the development OF a good prospect
and he only asks that the laws OF the
state protect him In such an invest
ment | feel confident that should
such a board be appointed. and given
the support necessary for the faithful
carrying out of the plans suggested
that this state would see the creates;
Inflow Of capital that has ever been ex.
perienced in the West Such a piar
wiuld forever stop the knocker that Is
today killing the mining interests Of
the state, and driving thousands daily
from our industries. am free tc
state that recently an inquiry came to
Idaho Springs. asking as to nv stand
ing there. OF one Of the most promi
nent mining men in Idaho Springs TIE
answer was a surprise to me. as from
turned down ia heipwoffled. I'd 2tunr
T that source | only expected to be
turned down In an icy manner but the
answer was worse; II stated that they
+ had never heard OF poor little me-
Although I have been here six years
and have spent some $4,000 In that
+ time. ! am too Insignificant TO even
attract the attention of TIE most prom
lnent mining man In Idaho Springs to
T day. II he had said I was d. ras
cal with a big ID" | would have taken
that as a compliment in place Of the
answer he made to the inquiry
Strange what heights a little success
VIII place some people. | would Ger
tainly thank this party II he will an
swer all Inquiries regarding me In the
future as ! have suggested. The per
son whose eminence is so high that he
f can not notice me will certainly read
this article and recognize the allusion
{ But to stop this petty work on the part
OF very smallminded people. no mat
+ ter II they do be TT and the presi-
dent OF banks. the board OF mining
suggested would be a wonderful elk
f ir. II would either stop the work o.
such persons as he thinks | am or IL
would do away with his small minded
I impertinence The investor would
have a source for his Information that
/ he would go to. and be assured that no
/ personal feelings entered into the re
ply. He would also be assured that
the property in which he was investing
had a prospective value equal to the
capital stock and that his investment
was an honest one.
I Again there can be no DENYING the
fact that the miner offering his ore
T for sale at the smelter is overcharged
on treatment charges. is swindled in
+ every way possible for him TO be and
I left happy with his returns. and
enough SOW belly" to keep him alive
till he can make his next shipment.
These cases are too frequent to need
4 citation. and which can be proven cas-
lily: and. in fact. / would like nothing
Z hetfpr than tn have n chance tn Droyp
some such cases. The establishing OF
state assay Offices at different points
would take from the trusts forever
their monopoly of ore buying as they
please. and their charges for the treat
ment of ores could only in this way be
controlled. This would assure the in
s..astlar too that hx. xrr,aaid hxa