The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1905-02-18
MINING COMPANIES.

The relative merits of foreign and
local mining companies as an invest
ment is subject worth considerable
thought. 1t seems the natural thing
and IL certainly is the usual method to
accept as best that proposition in the
distance talked up by a stranger. An
agent with a smooth address and wild
cat scheme can come from distance
Of a hundred miles and sell a bushel
basket full of stock, while a home man
full of faith in home prospect that Is
worked on legitimate plan and in a
business way can scarcely secure a
hearing. Is this exactly as it should
be? Though the local prospect, of
which you know considerable and may
know all about it by personal exami-
nation, does not look as promising as
that other in the distance painted in
glowing ,ulors by him of whom you
know little or nothing, still is it not
true that money invested in local
company is never entirely lost to you,
is never SO far away from you that 1t
is not at least a fair business invest
ment? A local company is usually
composed of representative men who,
having faith in prospect, invest their
money TO develop it. 1t is seldom
that there are salared officers and in
all work connected with the develop
ment there is usually strict economy,
perfect honesty, faithful work. These
people are after returns on their
money, on your money and leave no.
thing undone calculated to make
their prospect a paying mine. These
companies employ local men to work
The prospects, so that the money is
kept at home and constantly in circu-
lation. Should it happen that the To-
cal prospect eventually developed into
a mine the resultant benefit would be
illimitable almost. Indirectly every
man and every business wouIu toe ben
elited in the rebound, and tic ludivid-
ual investor would be one OF % oJn-
pany OF home people from which he
stands chance Of getting his just re-
turns. Is this true of foreign PROPOSE.
tiorS? How many of YOU are there
that have not invested from $40 TO
$1,000 in foreign mines ~ or OF. wells?
How many of you have ever realized
tnn ,antc On ynnr
There are in Cache county several le-
climate propositions in which money
might be invested TO better advantage
than in some foreign companies. Your
money will at least furnish employ
ment TO home people and thus return
to you. The Amazon" Mining Co.,
the Lucky Star, the Utah Marble
Co., and other prospects here are
worthy OF hearty support. Al are Of
ticered by local men, the companies
are composed of local people and de-
veloped prospect in either instance
means great thing for Cache Valley
Local men have stuck by these propo.
sitions through thick and thin, and
with faith that Is not usually the
part of local mans disposition, we
believe these propositions will be pay.
ing long before many Others now float,
ed on the market from Il distance. If
you are inclined to invest in mining
propositions and prefer TO take chances
elsewhere, don't let all your money 90
away; at least invest enough with the
home people to offer them the encour,
agement they need. These prospects
MAY never develop into mines, yet
there are hundreds OF dividend payers
today which did not at first show as
well as these.
When local man talks local mines
to you, listen, and II his proposition is
half way reasonable at least divide
with him that money you would spend
for foreign stock, YouIn never regret
it.