The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-06-13
KANSAS C0AAENT
MAIEbRDER MINES.

MA1EOAl1fGH MlNES-
Another bubble company, the Ama-
dor Mining and Development company
OF Montana, q ten million dollar con-
Germ, has failed, or rather it has been
exposed, as 1t never was much of q
success, except to the promoter. This
ten million dollar corporation actually
was worth a desk in Chicago, ana q
hole In the side of SOME western noun
tain. but because the promoter was q
clever liar, and because the little greed
In most OF us is always searching for
short cut to wealth, fourteen hundred
$3.50, 900 in real money into this mining
scheme which was to make all the
stockholders wealthy. And Of course
only the promoter made anything out
OF it. and the fraud is SO apparent that
he is fugitive from justice.
1t is an old saying that "a fool and
his money are soon parted" but it is
hardly fair to call these people fools
who by thrift and industry have ac-
cumulated comfortable sum of money
and believe they should invest 1t, In
order that the money may work for
them. But from the way wildcat COM
panies of different kinds thrive upon
promises is proof enough that the
small investor is slow to learn one
simple rule; that the agent or promoter
who follows you around with advertise
ments. personal letters and other forms
y
the ground floor of bonanza. Is not
your friend; nor is he imbued with the
idea that he should die poor, wherefore
he must sell 500 shares in his COM
pany for $498. which are certain to go
above par as soon as the machinery ar
rtves from the east In other words,
money may be reasonably expected to
earn three, or four, or five per cent,
and investments of that kind may be
had with positive security, but when
the disinterested stranger tells you OF
way he can make your money earn
forty or fifty, or. a hundred per cent,
it is time to call the dog. or the police.
The blindness of investors is well
illustrated by the stockholders of this
Chicago gold mine. After the promoter
had disappeared with the money, they
employed an expert mining engineer to
investigate the hole in the western
mountain. OF course he found 1t worth
less. A good time to employ an expert,
is before making an investment, and
he should be required to deliver his
opinion under bond. Expert opinion
after the money is gone is only piling
up expenses.-Atchison Globe.
30
DIPLOMACY IN POLITICS.
That story of the intention of Sec
rotary Wilson Of the agricultural de-
partment to resign is rather interest
ing when one reads between the lines.
Wilson has seen the department grow
from small affair to an important
place in the country's affections and
he has been in the service ten years
and while he loves it, he will give
way to younger men who may be able
to give still harder work to the cause.
That successful man who has
loved his work and is proud of it,
should resign ten months before his
term of office expires is singular and
difficult to understand. Why not
round up his period and quit at the
end Of. the presid entail term?
The. reader will be able to explain
this puzzle when he reads, the last
paragraph Of this story wired from
Washington.zsIt reads:
SHOULD Mr.. Wilson resign before
the expiration Of President Roose-
.yelt's Term fn~Masch- 1909 there is a
Clifford Pinchot. United States for
ester. 1t is known that the president
is fond of Mr.. Pinchot." s.
What a nice old man Mr.. Wilson is
to sacrifice himself on the altar of
gratitude that the president may have
EGifford Pinchot in his cabinet for a
few weeks. because he loves him.
Wichita Beacon.