The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-12-22

President of Mining Congress Tells OF
Importance of Mining

Industry and not war, must ever be
the basis of American progress and sta
bility. Mining must play an ever-eu-
larging part in the industrial develop
ment of the United States. A ve-y
large percentage of the enduring wealth
of this country comes and must como
from our mines. The mining industry
must ever largely impress on our coun
try that element of permanency and
stability which gives confidence in the
enduring quality of American i%nstitu-
tions. These things being true, wnv
are mining investments looked upon
with suspicion by the conservative in
vestorsf Because by reason of the
enormous and permanent profits posi-
BILE in mining, those who are quick -
see these possibilities, have used min
ing as a speculative football and have
thereby kept mining largely beyond
the pale of legitimate investment IN
opportunities, have through intentional
Encouragement and misrepresentation,
secured to themselves vast wealth at
the expense of others; while others re-
alizing the possibilities of mining and
believing themselves qualified to en-
gage in mining or the reduction of ores,
have, by reason of Ignorance, filed our
mountains and valleys with monuments
of folly. These things have been
charged to mining and to which they
no more belong than bank failures b.
long to legitimate banking, farm fail
ures belong to intelligent farming Or
the insurance corruption now being I'M
covered, belongs to legitimate insur-
ance. After all, success in banking,
farming, r~ailroading, manufacturing or
mining, largely rests on the fitness and
integrity of those in charge. Without
these two elements of fitness and in
tegrity conspicuous in the management
of any business venture, failure is A.
most assured, unless it be in mining,
where it often happens that the enor-
nous profits, have in numerous in
stances in coal, copper, lead, zinc, gold
and silver Mining, been sufficient 20
meet losses through incompetency, dis
honesty and accident and still leave
something for the stakeholder.
1t is known by many that the mining
industry affords a basis for sound, safe
and remunerative investment excelle |
by 40 industry in this country. They
realize that people to prosper must
have coal, iron, oil, copper, lead, zinc,
gold, silver and a multitude of other
minerals. They understand that thee
is no reason why these things, so essen
tial to American progress, cannot ,,
produced on a basis consistent with
honesty, intelligence, and hence with
assured incomes from investments made
in such production. They know that
the largest and most certain incomes
from investments in industrial under
takings, come to owners of coal, iron,
oil, copper, lead, zine, gold, silver and
other mines. These things demonstrate
the Importance of mining to the indus
trial development of the United States.
1t is therefore believed by many
that an organization in which all in
terested in legitimate mining could
unite and through which they could
speak in a manner that will command
attention, could be made an instrument
of unreasonable benefit to the Amer
can people. Actuated by this motive
the American mining congress has been
organized. You say, "Why has it not
accomplished more during the eight
years of it's e~xistence9' Some have
tried to use the organization to further
their own selfish purposes; many have
stood aloof until the congress has de-
monstrated it would be a success; in
addition to this, to prove to busy men
the necessity for and utility of such an
organization. 1t is now believed th..t
the American mining congress has
largely passed through the spectacular
and nomadic stage and is now entering
upon it's more enduring business career.
All must realize that an organization
of this character, to endure, must be a
model of business method and integ-
rity. It's membership must be of a
character that when the organization
speaks officially, it's u%tterances com
mand respect and confidence. The time
is here when direction can largely b.
given to American development,
through such organizations, by causing
dishonesty to hesitate, giving courage
to the well disposed, enlightening al
through the opportunity afforded men
of understanding in a particular call
ing, to be heard on a basis consisten.
with true dignity. Cooperation, Of a
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