Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1904-10-29
THE IN MINING
His Modes Of PFOcedure---the
Honest Man Successful.

lluuSLIy SEEMS an eSldDllSueu IdCb.
The prospector goes into the noun
tains to search for mineral, finds it,
and locates the government land upon
which the mineral is found. He is
usually a man of little-often of no
means. He seldom comes individ-
ually in touch with the capitalist
whom h9 expects eventually will buy
and operate the mine which he has
found and commenced to develop.
The promoter is really nothing more
nor less than a broker who carries
on negotiations with greater or less
success and profit to HIMSELF be-
tween the claim owner and the per-
son or persons who buy, equip and
operate his mine. The promoter has
as much a place in the economies OF
modern mining as the prospector or
the capitalist, and has become an inn
portant factor in the industry. There
are, however, a number Of grades of
promoters-high grade, low grade
and base. A frst-class promoter
will deal only in what he considers
gilt edged properties-those hav-
ing actual merit, and the develop
ment Of which shows values some
where near the price asked for the
property. He makes mine promo
ton and brokerage his business, and
having once done business with veal
thy clients treats them in such a
manner that he can at any time do
business with them again. He is
careful in his selection Of property
for disposal to his clients, careful to
state facts only, and careful not to
take so large IA commission as TO re-
suit in his being unable to do further
business with the buyer should infor-
nation Of its amount come TO his
knowledge. There is another type
Of promoter who takes a good pros
pect, and promotes it by organic
ing a company with a capital stock
running into the millions Of dollars,
and sells stock to those who are will
ing to draw twenty per cent per an
nun on this inflated valuation. His
prospectus is not characterized by
the moderation Of its statements, but
is couched in language which every
practical miner recognizes at once as
the work of the novice at everything
connected with mining, and the pros.
pectus a the height OF artistic and
constituencies lying. A third class
Of promoter needs nothing better
than a prospect hole, with or with
out ore, upon which TO base state
ments calculated to trap the uuwary
into investing 10 the stock Of the wild
cat concern, The inexperienced are
unable to distinguish the bona lide
from the fake scheme, and many
invest their savings only to lose them.
Instances Of this character are of
frequent occurrence.
Although this class Of promotions
IS Of Frequent occurrence and the
complaint Of those who have been
taken in in their desire to get
rich quick is equally frequent and
loud, yet the honest promotion Of le-
Ultimate mining enterprises is sue
eessfully continued and will continue,
for the integrity Of the men engaged
in this latter class Of promotion is Il
sufficient guarantee Of the character
Of the proposition offered. The most
successful operators are those who
carefully select good mines, equip
and further develop them, place
them On a paying basis aud then sell
them to the investing public at a
price commensurate with the actual
value of the property. In this cast
the buyers, through the agents or
brokers, become themselves promot.
ers. 1t is something along these
lines that some Of the largest and
most successful mining operations OF
recent years have been promoted,
and, without doubt, the method is an
excellent one, fruitful Of good results
and worthy Of emulation by others
e0gaged in the promotion Of mining
pronerties grent and small. There