The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-12-08
NEVER GIVE UP
The Motto That Leads to Success in
Mining

Mining
1t wasn't many years ago that STRAIT
ton, the d~iscoverer of the ssIndepend-
ence,' was put down as a deluded man,
with a theory as to the great wealth
hidden in Cripple Creek. His wife was
so incensed by his patience and per-
s~istence in believing that gold would
be found that she finally left him.
Notwithstanding this unfortunate ci:-
cumstance, he plodded on, never
doubling that he would ultimately be
rewarded. With success he became
known as one of the most successful
mining men in Colorado. But to
achieve this success it required time
and patience.
Tabor is another notable example Of
persistency, but he was coaxed on by
his wife. He was, as the term goes,
''grub-staking" three men. They re-
turned twice with no results, and he
determined not to put another dollar
into any sort of a mine or prospect.
His wife said: "Try just once more.
He staked the three men again, and
the result was the "Little Pittsburg.'
While they were opening up this
mine, which by the way, was practi-
cally in garden land, he was joshed,
jollied and laughed at to derision. But
no %taunt, when his mind was made up,
could deter or hinder him. The work
went on. Scoffers found out that their
Jeers were of no avail, and those very
fered 100000 for a quarter interest in
the property. The Little Pittsburg
has turned out over $40, 900. What
a reward for persistency!
There is no business on earth that
requires more stamina and patience
than mining.
People could have bought Ontario
stock twelve years ago for ten cents
a share, yet now it is worth $75. Think
what patience has mean to those who
have held on till today.
There are hosts of people who
bought Homestake at SO and SIS per
share, held if for -four years, and sold
out at $40. If they had kept it three
years more they could have got $500
per share. Today these shares are
priceless, the Homestake company be-
ing offered lately $30,Ooo,O0o for its
mines.
Calumet and Hecla shares were
worthless the first years of its devel-
opment, yet those stockholders who
were patient and held on have received
their share of the $4,000, 900 that
have been paid in dividends. The
Portland is another case of a mining
stock selling cheap, making every pur-
chaser of 1000 shares (and who held it
for four years. rich.
If you believe enough in a mining
stock to buy it, stick to it, and stay
with it until it is worth something or
nothing. Where are the legion of peo-
pie who bought Bell Telephone stock
at $14.50 per share and sold it at $1s
thinking they were making a big spec.9
Think of those people who bought it al
$18 and have held on till the present
time; with the constantly increasing
issue of stock bonuses eevry share
holder has received more than $4,000
for every $15 or $40 invested.
The investors who held on to United
Verde stock that cost SO are receiving
dividends equivalent to $4,000 per
year. What are those doing who sold
out when it was rumored that the man
agement was slow and it was somewhat
doubtful if it would ever prove a sue
cess? Nothing but kicking themselves
for selling their birthright for a mess
of pottage.--New York Banker.