Bisbee daily review., 1908-12-20
Capital Story With 6isbee Ap- pIication Told By Man Who Had Faith:ln the
 Directors.
LOST FLESH BUT HUNG
 ON TO HIS STOCKS
Ills Reward Is Sure Es Prop erties Have Just Begun
 To Produce.
tIron ore.)


 uron Ore.)
 If all the experiences of the stock trading could be brought between the covers of book, the volume would prove a great seller. It would be bulky, and much of 1t might prove tou sad to be enjoyed; still there would be much of it that would make goou reading, and the morals migat tend t( a more careful operation in the days to come. This is very elastic peo- pie. however, and the worries of yes terday are forgotten today, and bitter experiences do not always prevent others more serious from following. We are not often described as a na- ton of gamblers. but with 1t all has been wonderful development of our mineral resources, and some one says that the money is still in circulation. Where one man loses another gains, and so the battle goes merrily on, and will just so long as mining is prose cuted. which will be to the end of time.
 IruK Ore has received thousands of letters since the slump of year or more ago They would form a great work on the opinions of spectators
 
 and occasionally of their good sense. Most people are apt to blame the other fellow for their errors of judgment, and their losses. Seldom Is 1t that they attribute any fault to themselves, but the sheets and sheets of good writ ing paper they have filled telling oI the wickedness of those who ''receiv- i ed'' them is something awful to con Nl-.3En IT nit A fpxaI- 1 ings of muca satisfaction that we read the following which was sent us from i subscriber in Wisconsin, that good old state from which has come heap of brainy men, good losers and cheer ] ful winners:
 Editor Iron Ore:
 "A few years ago a friend of mine ' told me to buy some Pittsburg & : Duluth, Lake Superior & Pittsburg, ! Junction, Calumet & Pittsburg, reau Iron Ore and be happy. l acted at once. If that was 2u lacked to gain happiness I would, of course, go after ! it.
 q bought a few shares each of the aforementioned alphabet, subscribed for Iron Ore, sat down and waited for the feeling. It came. I soon saw my money doubled, on paper, so I bought more and got happ'er. | At length some wise broker sug- gested consolidation of all these prop critics with Calumet & Arizona. had l thought up to that time that prices of such stocks could only go up. learned than that happiness: is only skin deep. However, I followed my l friends advice ard bought more ;n reduce my average iron Ore told me not to margin, so I borrowed at 1 tae local bank. l thought then could see . difference | "A consoI dation of four of my mines was finally effected and as my holdings were fairly distributed, did not find fault with the fractions hit upon by the directors. It is wonder fuI how. our judgment Of other pee ples' judgment is biased by our hold ings. s. & F. behaved all right In fact, s. & P nearly reached $50 per snare with me buying like million aire and the bank people seeking me on
 At last buckle broke somewhere 4 on the lead mule and everything stop ped. At the first culver everyone tried to sell out but me. had al ! ways seen prices go up, so kept my saddle and let her buck. When $. x P. struck $7.62 the bank called me in and. with an angelic smile, asked me {, how far down stock could go, vita emphasis on the could I told them that the Lord had put in stop loss order at just $7.62 a share below pres ent quotations. and it was not my in tention to lock horns with Providence. s'The next day my wife called me into Gle parlor and asked me what l had done with twenty-eight pounds or : flesh that I used to carry around in : my cheeks and on my arms and limbs ! for padding. told her, and she put her foot down. Sell out said she. l stood fast You must said she, and 'muesed:' but didn't sell.
 Then went out in the pale noon light and thought of everyone. l re ? member how. when s. & P. was sell
 ing at S30 wrote nice letters to Cole, Hcatson. Briggs, Irish Mag, Junction, . and all the other holes in the ground } in the Bisbee Circle. Now l pro posed to petition the legislature for an
 open season for mine directors. should have required only ten days tC
 bag the bunch. It is wonderful how
 the mind changes in its attitude to
 ward people as the ticker talks
 T understand now that some hold
 CTS of the old Greene Consolidated t who were shouting the praises of th' + Greene Cauanea crowd when tlt s stock was selling at S24. are talkin. c lawsuits in the face of greatly-improy e ed mining conditions, just because e buckle broke loose in New York an s slump in all quotations followed