The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1908-11-12
THE FAULT AND THE REMEDY

THE FAULT AND THE REMEDY
With the nospe Of renewed interest the mining industry Of the
1. States E MINER once more points the necessity Tor honesty
among mine managers We honesty in the broad sense q m
word not the mere asenn taking illegally from the treas
uy Of company the faithful expenditure OF such unds anu m
noner report to stockholders stated intervals OF receipts
ments work accomplished account OF the showing maze V
such work going to be widespread Interest IN INNING
during the next months This money will largely go
to districts where shareholders assurance OF r play anu
the more confident they good treatment the easier Will their purse
strings be ooened The public has had pretty expensive lesson y
the purchase OF mining stocks ana he .oeu
dist riot has suffered with all Others the estimation OF those VINO M
their fingers burned People who buy mining stocks average up WIN
investors in securities intelligence Some are wise ana some
are foolish Some the wise get caught the worst ana o"e
the supposedly foolish strike it rich But TINS does o' '
o+on Every stakeholder entitled to know what going on lie
should be advised progress quarterly or development
ron once month would be frequent for such reports Inc
Mineral Farm company with property near Mulan under the manage
men Of Louis Jaqus Of spokane has adopted the monthly sae
ment CUSTOM Reindeer driving 2SOOoot tunnel SENDS report
about every 60 days The majority companies developing W assess
ment on stock report when assessment levied gea'
MANY companies however forget that the stakeholder furnishes the
munitions Of war and therefore entitled to consideration
When resides the district he can have access to the books M law
providing this protection for every shareholder but most Oh inc
holders Of local companies reside distant points and the management
should provide them information which location prevents their
getting person When Occur Aene mine managers realize 's
act accordingly they will find stocks this district far more popular
among investing public and the prices will De more commensurate
with the prospective value OF the property
idea Of the AMOUNT Of money ready Tor investment may
gained by glance savings deposits year thrifty
residents had laid by in the savings banks OF the ou
try OF this So the New England and Eastern states
where the interest rarely cent and frequently ohy I
Der cent With mining projects placed higher basis ana puoc
paced along right lines large percentage OF these bank
would readily place small portion their savings IN an
which promises such The first step in the direction
sought the Of dishonest from the management OF
faon mining enterprises The second the employment OF men
OF known ability well integrity and the na one proper treat
theirr
them well informed Of progress of development On the pubic
depends regulation whatever abuses exist AS long as people ooy
Unfortunately Just long will INSCRIPTIONS promoters prey upon
them but when demand references from banks or o imam
sncss houses to both the and the OF mining
projects will the ngugh change begin to appear ana not u
then That the public be hampered bringing about THIS change
They will have the assistance OF the BEST class
in the industry while the change cannot be accomplished III gay
gradual ctterment will be noticeable ana he oe'
the district will be poportionate
THE MINER pledged to work for and every Improvement
the district will effort to aid in bringing about the 'het
mentioned above Arrangements are now being aue m
marked improvement the which will be appreciated W SUP
rer This will accomplished BY the first Of the year and WILL VIZ
hope put THE MINER the front rank Of such papers IN th
United States only right that the Occur dAenes should e Sc
represented for is not the greatest mineral dstrlct on 'hs
Throughout the entire country people look forward to uuua
activity The Occur eies should share IN
LEGAL conditions combine that the district should be Ia
average prosperity The building OF two new anfoa
opening up sections district heretofore greatly hamped through
lack transportation should be enough guarantee such result
In addition country roads being built and we expect 10 see
great deal Of money expended in this direction during the next
months Every good road district adds Thousand
Of dollars value property reached by such thoro"ghreS
The discovery deposits Of rich in all parts OF the as
trct during the another guarantee OF increased
while the recent bowngn independent sner in the dis
tric has bearing beyond the realization OF but mining me
who have heretofore hampcred having to sell their product III
market without competition.
Finally word to some Of those who have been nlpped an
nde this are anagonstic the district when they should