Amador ledger. (Jackson, Amador County, Calif.) 1875-19??, 1908-06-05
MINING is A BUSINESS, NOT A GAMBLE.

Notwithstanding that mining is industry old hui
civilization it strange what crude and otmes
impression entertained at the present time,
outside of the communities where the industry is carried
concerning the business of gold mining 1t is probable that
a majority of those living in non-mning communities
who accustomed invest their surplus capital in gold
quartz mnes dense1y ignorant of natures methods
of operation in the deposition of gold in its native max
the processes invented by for the extraction
of the precious metal from it's rocky bed The vast difference
between placer mining and quartz mining not fully
dersood many who live manufacturing centers but who
habit of investing in gold ventures because of the
immense they hold for the amount of capital n
vested Men have been made rich hour by stumbling
pocket of gold hidden away sometimes in godbear
ing gravel and sometimes in quartz These facts that
strongly appeal the unntiated and induce them get in
highly coored groundfoor proposition engineered
for the express purpose of extracting money from the pockets
of these overcreduous people This is the gambling, the
speculative side of the goldmning industry and must be
cassed distinct from the business aspect 1t is by appeal
ing speculative spirit that the wildcat schemes of
mining fields made flourish They designed not to
gold from the EARTH but deve into the hardearned
savings persons far removed from the ground by inducing
them buy stock in goldmne that exist mainly in the i'm
agination of INSCRIPTIONS promoters AS rule, is much
easier make money by this of fake mining, than
by the actual exploration of the earths in honest
search after buried Very few persons
with the practical side of mining caught by these wild
propositions except gamble They speculate in the
expectation of making money the buying and selling of
stock in such concerns and by the hope Of dividends
clared from the output the claims.
It may be questioned whether this wldcattng in long
is any real help to Legitimate mining The discovery of
of prospective gold mine in field is always attended
with less excitement, and the consequent thrush
popector and Adventures The field is pretty thoroughly
exploited For every claim staked for actual mining
there usually taken up for wdcang pur
poses. The losses incurred by the swndlng operations of
tend discourage investment in the legitimate
business only in the newly discovered regions but also
in the old fields which have been surrenderng gold for gen
eraons past and which afflicted any with
the methods of the wildcat operator.
Amador county is attracting the present time the
interest from investors which her proven mineral riches
should ente her receive Prospecting operations have
Jagged behind for several years. although the of the
minerazd virgin territory admittedly large and the pros
pect finding rich bodies therein is as encouraging
be found anywhere Moreover the fact that gold
lodges penetrate greater depths than has been proven
where the American continent should spur de-
veopment work here In the Kennedy mine gold being
tracted in liberal quantities depth of 5000 feet from
the surface with signs of exhaustion this great
depth There other mines producing gold from below
$500 feet Such permanence in gold deposits is found
where else the GLOBE far actual experience has dem
onssrated unless it be in the godeds of the Transvaa in
South Africa. This wonderfully rich belt bound
mand its due share of attention later.