Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-11-12
Well Known Utah Mining Man
Speaks al Joplin,
Missouri.
THE SESSION WELL ATTENDED
Discusses Issues Important to Mining
Men Throughout the
Country.

Joplin. Mo. Nov. 12.-Throe hundred
delegates from 80 states were present
here today at the nrst business ses-
sion of the American Mining congress,
which began its annual convention yes
tcrday. Men OF high authority on mat
tors pertaining to- mining and metal
iurgy were on tho progrlm for address,
60 on various kindred subjects
AZ the last annual convention a COM
mittec was appointed Co investigate
mining frauds, Co report at the meet
Ing in Joplin That committee has
prepared "a lengthy document wherein
arc contained suggestions for tho pre-
ycntlon OF fraudulent mining schemes.
The pardle measure concerning FRAUD
ulont stock representations. passed I'm
several OF the states. is endorsed and
a publicity measure upheld by Judicial
decisions OF Colorado IS recommends
TO the favorable consideration of the
congress
A long list OF questions are suggested.
with which q prospective investor is adj
vitcd TO secure satisfactory answers be-
fore he takes action On tho matter OF
making purchases These questions
cover the organization, capital stock,
the raising OF funds for development.
POOLED stock. how property was ace
quircd. the status as 90 debts and in-
cum ORANGES, location OF property ana
acreage. titles. nature and extent ot
developments. how much treasury stock
sold and az what price. how much casa
boa treasury how much has property
produced, extent of examination b,
competent engineer, etc.
Many OF the observations and sugges-
lions OF the mining frauds committee
are milne with those advanced by Gov.
cutler a few months ago.
Prominent among The speakers was
John Dern. general manager of the
Consolidated Mercur properties. AR.
Dern's speech was boo part as follows.
OBJECTS OF CONGRESS.
There should De no doubt iu thc
minds OF any of us that we are here for
a definite tangible purpose, and that We
have certain laudahle aims iu view. for
otherwise there would be no excuse for
the existence of our Organization. In
making this statement 4 have given
myself au opportunity 70 onumeratc The
D.
gress. or that opportunity. however. /
do not intend 10 avail myself Ia this
brief address j merely desire 20 touch
upon o few matters which ! conceive 90
be OF great importance. some OF them
have been discussed In previous mcet-
ings OF The congress. while others have
received little or no attention.
An Of as viii admit that we are
passing through "a great epoch in our
public affairs. The tremendous move
mcnt against corruption. and for moro
exact equality before the law. which IN
It's political application was begun by
Folk In Missouri, and which has spread
until % has pcrmcated the AFFAIRS OF the
nation, aud the affairs Of the states
entering the domains OF business as
well as tho Held OF politics should be
considered by this Organization OF the
mining industry 10 the end that $50
may keep pace with the advancing busi-
ness standards. II the rules Of the
game need revising. lct them De re-
ViAedi u there De house cleaning need
cd let 10 be done. lu short. Jet Us adj
vocate and press any measures faat WIN
elevate the business OF mining
UNCERTAINTY or MINES.
some Of us are fond OF saying tia,
hon properly conducted mining Is lust
az safe as any other business With
ms View ] cannot fully agree, because
there IL undeuiably "a greater element
OF chance in seeking mother earth's hii-
den treasures than there is about a
mercantile OF manufacturing business.
Whcre success almost Invariably re-
wards ability, industry enterprise ana
foresight 10 these qualities be property
displayed
In many sections OF the country
mining ls regarded as gamble uuro
ana simple. The banker on merchant
who invests money Do "a mine often
must do So secretly or his reputation
as safe and sane business man Will
De ruined Why is this3 Because ox-
perituce has shown that most euc1
ventures have resulted in loss. VVny
nolt Generally because the Investment
was il-uQNiaod. Too many people de-
peud upon their o"u inexperienced
judgment DO making minlnE lnscst-
meuts. 0r else they alt uron irrstrrg-
tent advice. Some times tho fool ana
ms money arc parted by the conyIue-
ing figures aud bright promises of "a
prospee iuH some times tha uuscrupu-
lous promoter docs the trick Er 40
way There are promoters and ur0mot.
crfi some of them achieve biz 'tnIn..
lor The others let me ~ that th.y
are more often ignorant than niItu-y
dishonest Hence % invest unlu ..t.
ADVICE De- another case of the blind
leading me blind u we could oducato
tlc public to plir0nizo The Mining Eu-
cheering profe ion moro freely. thsrs
would bc flower aching hearts and less
cAHlus of one mining business 1 am
aware Chat there are also Duelucsre
ana engineer. ana tno profession nls
suffered because of dishonesty and Inc
competence lu fome of lis mrmbers.
hlf We do non condemn tne mrlI.lI
o. .| raa