Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1904-08-13
BONDING MINES.
Owners Should Give the Agent
a Chance to Make a Sale.

~ &d
owners a bond on mining property
for a period Of six months Or more. j
1t is not SO easy a matter now, par-
ticularly with mines Of any value.
In times past no forfeit was called
for aud the bond was obtained gen
orally without any money being put
up. The man who obtained the bond
was usually supposed to be given
time to raise the money from others
and to make something out OF the
bargain himself. He was the middle
man between the U.4ner and the cap
italist. But the middle man must
o do something substantial to show
his good faith and is no longer given
six months or so to "peddle" a prop
erty around. The nj of large
properties require a certain sum to
be put up as a forfeit and to be APP
piled to the purchase price If the
sale goes through, but otherwise not.
The result Of the latter custom has
been to prevent a lot Of spectators
from practically holding the property
for Others for a period Of months
without giving any equivalent for the
privilege. And this is really as it
should be for while the claim is under
boud the owners are debarred from
selling to Others should occasion offer.
The owners Of larger mines now de-
mand to be brought into direct COM
m~unication with the principals before
any bond is given unless a substantial
amount is deposited TO show that
they s'mean business" In fact, they
will not permit an examination Of the
mine unless first satisfied in every
way that the people who want the
bond are in a position to do what they
promise.
In the case Of small mines, pros
poets, etc, it is somewhat different,
because the owners are not always
In a position to be 50 Independent
with a possible purchaser. Most
pros pects are for sale, and most small
mines need capital for development.
and equipment. For these reason.
their owners are anxious to get other.
interested and are more apt to Civ.
a bond to a man who ssure then
he represents capital. They d
not number capitalists among thei
acquaintance and know few who dc
So when they are approached b
somebody who wants to bond thei
claims they are glad to embrace tn
opportunity. This is one of the req
sons so many notices of the bondin
Of claims are seen in the local paper
in the mining regions. Usually, how
ever, in these days it is agreed thu
certain actual work must be dor
during the life of the bond. Bl
there is a certain class of men wi
make it a business to obtain bonds c
mining property and then try
make a sale from which they obta
a commission. Usually they have |
money themselves and therefore g,
bonds on any kind Of property whel
no money has to be put up. Althous
apparently eight weight themselv
these men are as a rule go'
'rustlers" and if they have no actu
au,uln4for NTH Vnppau baUn n
knaek of making acquaintance wi
good people arriving in the can
and frequently carry through a So
when the owner or p~rospector mig
fail. As a matter Of fact these m
are of great service in a mini
camp. and their business should
encouraged as much as possible
prospectors by giving them a r.
sonable time to make a sale of pre-
erty. At present the tendency OF
prospectors in Goldfeld is to decli
TO site up" claims for even a I
days. OF course the recent new d
c~overies have largely increased
q~uiries about the camp, but tn
have also had a tendency to Sc
prospectors up in the air. and
fuse to give even a few days opt.
on their claims. This is an UNIV
plan as no buyer is to be "rushe
and the cautious operator says !"
it boom, | will return when thir
are 0 settled down." There {
now enquiries from all parts of
states for claims at Goldtield, but
agent is often prevented from m;
ing a sale by his inability to opt
the claims for a time long enough
enable his buyers to consider
matter unless he puts up his mon
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