Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1904-07-02
Some Advice and Sugges-
tons on Mining.
The Great Prosperity Of America Is
Based Upon Two Primary Indus
tries, Farming and Mining.
Continued from last Week.

legitimate INNING nave been made by
men who have started with a pros
pect, perhaps with but ten feet of
work done OF it, and having satisfied
themselves that it had all the Gear
marks of q mine have stuck to it
with that grim determination which
so frequently commands c
Such is the story of men like Clark,
Delamar, Stratton, Walsh and many
others in this country, and lanes OF
mining millionaires in other countries
could easily be added. These men
have invariably been guided by the
best practical and scientific advice
~obtainable, they have added to this
the sound common sense with which
they would conduct any other bust
ness, combining prudence and econ
omy with good management,
IT is not possible for the great
majority of individuals to develop a
prospect alone, and partly on this
account there came into existence
the Incorporated companies which
originating from the old adventures
time in Cornwall, have assumed such
vast proportions that the number Of
mining companies is legion. 1t is
only a few years ago that the bust
ness man who invested il mining
stock kept it as a secret as a parson
buying a lottery ticket, such was the
prejudice which existed against this
form Of Investment, and the senti-
ment vas encouraged by all classes
Of commercial men, nearly all Of whom
would without investigation promptly
declare every thinning scheme to be
a fake. But gradually this opinion
has given way TO more sense and rea.
son, and today all classes of all
countries from crowned heads to the
coo porter are interested in this
great industry. The most persistent
supporters Of mining companies are
those Of moderate means whose saw
ings are frequently invested in this
maune and unfortunately too often
20 into the pocket of the promoter.
The greatest danger to the popular
ity OF mining investments is the reck-
less and irresponsible promoter and
~eircularizing broker who almost IN
variably make the most extrayagant
statements about the ''mine" and
cheerfully promise enormous divi-
dends which never can be paid.
OF eourse it is absurd to suppose
that any man who has anything to
sell, whether it be a horse, a bottle
Of hairwash or mining stock, a or
will tell the truth, therefore ii is adj
ylsable for the intending investor to
make some inquiries about the repu.
tation aud standing Of those who are
connected with the company before
purchasing the stock. Especially
should the investor beware of the
Haring circulars which advise him to
get in quick or the stock will be adj
vanced on a certain date. In this
respect mining is much likemarriage,
enter into it in haste and repent at
leisure. The company, promoter or
broker who will not give time or OPP
portunity to investigate him and
his project should be severely let
alone.
1t may be the investor will miss a
good thing, but it is more probable
he will save his money. Enquiries
when made should take the form of,
who are the people connected with
the company, their reputation and
showing; have they had proper adj
vice from a capable nan as to the
probability of the success Of the mine.
From these leading points come the
questions as to whether such men are
likely to manage the company with
economy and prudence, properly APP
plying the funds for development and
generally by %judicious management
exercising a cautious trusteeship Of
the !n%vestor's money. A well known
mine operator in Nevada, now dead,
used to say ''d-n a mine that won't