Elk City mining news. (Elk City, Idaho) 1903-1913, 1905-07-29

OlplSo governing llISuiStiiO ihhhiiS,
which fact is, however, of little conse-
quence when it is known that the prop
erty he pretends to develop is, nine
times out of ten, for mining purposes
absolutely worthless. Frequently he
has nothing more stable than a lease or
bond upon which to base a stock COM
pany. In cases of that kind he gets out
and sells all the stock possible before
the expiration of the time limit, pockets
the money, flies to new pastures, and
allowes the ground, cracked up as of
the greatest value, to revert to the
original owners, so besmeared with
fraud that, no matter what its merit, it
will remain for years to investors a
ground of unhallowed memory.
In order to carry the deception to the
fullest possible extent, this most willy
shark of promoter often invests quite
a percentage of the money squeezed
from the credulous in mills and smelters.
This. he knows will be the most effective
way of advertising his property and in
GLIDING, in the unsophisticated, an opin-
ion of merit bordering on certainty.
This good opinion or rank delusion is
coinable in gold of the REIN at the will
of the man behind the scheme and
throughout the entire manipulation this
alone is the object in mind. While this
foxy fakir was building ore separators
which would never separate for want of
separable material, he was more earn
estly engaged in. constructing a sepa-
rator that would separate materials
more in evidence than ore, namely, the
gullible investor from his money. This
is the separator that separates when
there is no ore, and to the INSCRIPTIONS
promoter it is of little consequence
which is the most profitable as long as
he has both in running order. Some
times the combination is such that both
may be operated at once with great
profit. Of course it is to be understood
that fraudulent operations of this char
acter are possible only where the inves-
tor absolutely abandons all business
methods and, throwing aside the caution
and conservation which safeguards
other transactions, weakly trusts to
commercial honor in the Individual as if
the character of the transaction were a
guarantee against the weakness of
l.,
through precept to prevent the investor
from throwing aside the wholesome
laws which the successful business man
invariably applies to all commercial
transactions, from dispensing with that
discretion which his judgement tells
him is essential to success in other bus
mess matters, from looking upon min
ing as an ra-hazardous occupation
by reason of his want of power to make
a thorough economic analysis, from his
reprehensible practice of making a haz-
ardous investment the sole means of
the survival of the fakir, then mining
would receive the careful consideration
at the hands OF the people as the other
great industries. Thanks to the excel
lent work constantly being carried on
by the United. States government thro'
its geological bureau, the Individual and
separate work of the states and the
many mining schools, mining is fast
from former experimental
icJ1o into q coior+if,o oc,.,.ol q +;r,, 6 fco4
The deep researches in economic geology
and in organic chemistry are progress
sively redeeming the mining industry
from that empiricism that, in no very
remote past, marked it's operations,
even in the minds of experts, with more
Or less doubt and uncertainty. In fact,
such phenomenal progress has been
made in the application of scientific
rules to various processes of mining,
extraction and treatment
that 1t is now we'll known statistical
fact that, in spite Of the many much to
be deplored dishonest promotions, there
are actually fewer failures than in the
popular and over-crowded field of com
merce. In this connection, another fact
should be noted; that besides being cas-
ly conductable on common business
and safer financially tn; n
any occupation can be that is constantly
by perishable goods and ar
ductuating prices, mining,
;anely and Systematically carried on,
affords the,greatest honest profit of any
of the great industries. Idaho ST. tie
rrib ire.