Los Angeles herald., 1906-07-29
EARLY HISTORY
IN GOLD MINING
PR0SPEcToRS PIONEERS IN
MAKING MlLLIONAIRES
American Miner More Fortunate Than
Those Of Other countries---lm-
portanee of Careful Esti-
mates In Development

There is no other Industry In the
world which has been so successful as
mining on the American continent.
While this is true, 1t is also true that
all mining ventures have not been sue
cessful. However, with an honest man
agement, investors in mining in the
United States do not stand to lose any
thing in comparison with the chances
for profit.
Take the early history of all the
largo producing copper mines in Ari-
zona and it is the history of many
promising prospects now being devel-
oped--one of uncertainty and extreme
caution. It is this caution of the Amer
lean mining engineer which has IN
many cases saved useless investment
where there was no promise of profit,
At Jerome, Clifton and Bisbee the
early history of the mines tells us of
struggling prospectors endeaVoring to
interest capital in the development of
their properties. The same class of
prospectors are struggling now as then.
The American prospector is persistent
and has been known to devote a life
time to the development of a single
claim, never losing confidence that II
would finally yield him q fortune, and
with every shot of blasting powder or
stroke of the pick, expecting to make a
showing that would bring to his assist
ance ample means either for the pur-
chase or development of his property,
to reward him for his years of toll. 1t
is this never-failing confidence of the
American prospector which has caused
the mnes of this country to attract the
attention of the world.
r1rnSnpcfOr | naVer-chanPlng
character. He is the same today in the
new fields now attracting attention in
Sonora that he was during the pioneer
days in Arizona he will be the same as
long as undiscovered mineral remains
in the rocks and hills. And through his
efforts there will spring up in the south
west other mining camps equal in every
way to Bisbee. Clifton, Globe, Jerome,
Cananea and Naozari.
Heroes in the Camps
The prospector is worthy to receive
at all times the encouragement of those
engaged in all other industries, as
men employed in the mines are not
producers of anything which is re-
quired for the sustenance of the home
or family. In Arizona today the bone,
sinew and marrow of an industrial
prosperity are found in the mining
camps, upon which the products of the
farm and cattle ranges must depend
for home market.
An article in Leslie's Weekly con-
cernning the American r1ines has this
to say:
THE American miner is, indeed more
fortunate than his fellow workers of
other lands; and the American mine
operator is indeed more successful than
others in the same field of endeavor
elsewhere
Producing at the lowest cost, it is
natural that our miners should show
the largest profit; only natural that out
of small investments in mines many
great fortunes have been made. For
years comparatively poor men have
been giving their accumulated savings,
as we'll as their energy and brains, to
the exploitation of mines which in turn
have enriched them. 1t is a matter of
record that most Of the great mining
eonsolida tions We're started by small
investors. The stock is usually put
upon the market. where it is purchased
by hundreds of individuals, each of
whom receives his profits from the in
vestment according to the proportion
of stock he holds. 1t has happened, not
once or twice, but many, many times,
that small investments in mining stock
have made millionaires of people who
had previously been STR ggling along
on only a meager competence"