Albuquerque weekly citizen. (Albuquerque, N.M.) 1891-19??, 1906-08-25
why MINING HAS
A HARD NAME
Among Investors Pertinent
Observation Applicable 70
New Mexico.
THE COUNTRY or PROMISE
In Mining lnduslry-"Obsever"
Gives Some Wolghty
Reasons Why.

Herald a pointed editorial on the in.l
disposition az the business men OF Hl
paa0 % invest IN mining stocks or
properties We heard n prominent
Paso to invest In mining stocks or
propertlos We heard a prominent
merchant remark n short time ago
that a very considerable sum had
gone into mining from this city but
he had not heard Of q man who had
had a dividend; consequently he re-
garded the business a. a fake" or
entirely an ertaiu. There must be
reason Tor these failures, as every
man Of sense knows that metal min
Ing Is one OF the greatest Industries
which pays d larger percentaeo on the
capital invested than any other great
Industry. a little Investigation will
develop the cause OF most Of these
costly failures. Legitimate business
does not require extensive advertise
mont. a. a rule. to get L started: but
the promoter Of any Important eater
prise quietly terminates bis plans aud
submits them 90 the business men
and demonstrates the value of the
proposition. so that money Is invest.
cd. which feanlta ln profit And this
rule appues particularly 10 mining
in all other enterprises but mining
the persons furihering the prnn0sl
tion must DO known 90 be practical
and reliable. but unfortunately ln
mining, 20 the masses all propoHillon8
look aliKer aud the fake" promntcr
knows this better than anyone. So
the first step they take d. 10 get a few
rich samples OF ore from some source
aud show assays gabuluuely Ech.
Step No. Is TO advertise extensively.
making tho most extrayagant state.
ments OF wonderful wealth. going baR.
cling for the lack OF a few th0uRnda
Of dollars with which 20 build s0mol
sort OF reduction works. ahep Ma. 81
IA the employment Of mining ex-
pert" (which generally means a per
son who knows nothing Of I raceeai
mining and glOries In this little be-
cause Il gives him some uilt0riety.
with a certain classl, and II tor niro
for e small consideration. Tie "ax.
port's" rePor, L. scattered D. ,oudeaat
over tho land--au enticlng b ait Cor
the unsuspecilng
To our certain knowiedge soma oi
our people have been can ghi. iR this
manner, when they fNne dOgn all
legitimate mining PROPOSE items pre-
sented TO them BY mon ~ character
and standing, whom they knew 20 hs
reliable and practical 70 ere ore Soy.
eral Instances OF thissNia on record
and we do not belleygrha I These bust
ness meR who have. iut a moment a
alteration OF mind been taken In, an
so unfair as 20 charfH q ioir errors q
mining and donOunC9 because q
their failures 90 uso nITf nary procan
ton. The fake nrumg ter IL al~ny
IN evidence. and somo.uf as have bse
the easy victim OF theN slick geutt
men, and they arr sim actively ~
gagged Ia their yOoaiiom
A few years since u ID opposition wi
extensively advertised b ere, the FRO
erty being less than q NJ miles fro
this city The report O the So call
engineer was procured he being O
of the large STOCKHOLDERS 5 iE the emit,
prise. The acreage he'd a BY the COZ
pany wan large, but tbs re was prac
cally no Developments, although
report slated that the 20 was tO0.l
or 6,00o,O09 tonas OF o "a In sight
matters not which. asst be auantity I
listed only 10 the expor - imaginatl,
the orc was very high grade,
course. and fubulOUaly rich speeim'
we're exhibited IN pro H. here and
over the United Siate Large bio
Of stock were sold az a high price.
three years several undred thoua
dollars we're aquando red by the
pert who was lm charge aud
proposition then coil ansed with n
than 100000 ihdehts dnosa
In the past i've y ears several
smelling propoaltilni have been 4
ed near 10 paao, aat eo,ne of rs D
been suckers onuu n 10 bite. "
the eastern people ave been "sal
10 the queens taste All this has
tached q most umaf vorv reputation
mining hcrcaboutH ana injured
Paao by reason @ 1e proxlmltl
these lll-HmellinF tb(nqe due 10
supposed cOnneeu an win them
cause the fakirn .dvertlsed the I
meas men here az endorsing then
reason 81 haNlus bought stock.
u q not 20 the point to tell OF Of
equally oaofQua, az many of ua
mem WeH, hhth lg paid for our
perience' ana w ne we are aaddoi
WISER men, We ,ope We are not
,nk asainsi reg innate mining q
intle ~ intention In this
ing 70 eeilttle mining engineers
re tullea 20 their name, and
never had thoi name. connected
any mining p s,rorltlnn III dol
ehAiae'eh ~ conclusion . woul
thht ~ We ~ Il IN future use ord
business rule IN cngeginr In m
We viii recO ~, n,,r iogues ana
fss.. 90 49, w WNA NhH~" 49,
oue =" our ueatost industries r.
Ae'f"i' IN 4 Peso News.
ALvARAoC -,9T
WAS MVsTEF
eorios are advanced
the WlAaiu - az. A.. trhfnh fhr