The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-05-08
WHAT IS wILDcArrINcG

- EcENTLY or attention ws called 10 a statement that the investing
public regards a 8 a wildcat any mining scheme which takes the
money Of the public and does not return dividends-that II mining
schemes are 'wldcas'' until they reach the stage where they return the
money which has been put into them.
We take issue with that statemsnt The investor does lot regard IS a
wildcat . mining proposition in which his money las been spent honestly,
ven though the mine never produces an 4 ore
VI ousme opposition are CANDLES. When the farmers wife buys a
setting Of fancy eggs she only hopes they viii hatch. When q merchant
busys stocks II goods he only hopes and believes that he will be able to sell
them for more than he paid for them. When . mn takes out Al endowment
not LOST what he las put in. and At the sam time h hopes he will live until
the policy natures
uncertain ming " III 30 when a man spends a dollar in n ground him
SELF u gives II o another mar % spend in mining fu him., all h can SIX is
that that dollar be honestly expended. He hopes lie will get results. If b
oes not get results he does lot say that the proposition inow which, h put his
dollar ws . Widest On the Other hand, II he CAV another man q dollar
to put into the ground, and that mar put the dollar into his pocket or n the
roulette Wheel OF in wine. Of gives it to n Of the vesals Of vice. the man
whose property the dollar raj is justified in saying he was bitten BY a
uocat scheme It Is simply another name for embez1ement
Your American is both q good spender and a good loser. He places a thou
sand dollars on a horses and If that horse is run honestly and well, but loses he
accepts hi sloss with a smile, and tries again. II on the other hand he is col
the rae by dishonest methods he is lot a graceful loser. and he keeps the
balance Of his money in his pocket.
A run for his money" is all the investor ask. His money must be spent
honestly and intenigenty by the mar into whose hands he entrusts it, else he
portion Of the money he places in a mining venture paid ut in commissions to
the brokers who call the attention OF investors to the proposition; he is
willing that a proper proportion Of his money be spent in advertising and
publicity work-for he remembers that he has ia advertise 70 sell hiss shoes, or
automobiles, OF his soap or pills. But after this necessary expense Is paid.
he insists that the balance Of the money be spent in the ground. in the pr
chase Of machinery and the wages for actual labor. Does he lose. he IS cheerful
about II, for he has taken his chance and, had "a run for his money . And
he says nothing about "wliats" And he usually TIE again.
Duns, Bradstreet or lloyd records, kept for decades will show the d.utter
TIA. honest intelligent. mining is 10 more risky speculation than investment
In any OF the socaued regular" business lines They NIL how that banks
fail, that merchants fail, thai industrial enterprises land investments, all arr
subject to failure And the same records will show you that there arr fewer
failures in honest and intelligent mining ventures than lin any other form of
than in any other known industry. Blu. the investor demands "a rn for his
money"