The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1909-07-15

HONESTY BECOMES A NECESSITY
Nothing indicates the return prosperity eaccualy
the number Of interpretations in the few months There
who have dcud the position taken by The Miner as
fooshy optimistic but have always had something upon
which base theories The position of this on the min
ing industry is pretty thoroughly understood standing for
honesty and mpar atty dealing with promoters and investors
We have succeeded in getting number Of OF mining
properties view Of the matter with the
that present time stockholders Occur dAene properties
being furnished detailed reports Of progress and operation
where formerly they total ignorance Of the to which
their money being put.
Publicity is of great aid to promotion Promotion that
fears the light of publicity not recommending itself highly to
investors should require argument convince investor
that information his first necessity and that the failure Of
stock agent to give adequate explanation Of all facts affecting
his offerings regarged nang test OF his insn
certify Two of world wide reputation have furnished
with notices bearing the Theodore Roosevelt sad
Publicity do harm the honest corporation and James
j. HILL head Of corporation himself remarked cam
pie and accurate information the first step to success
We of the opinion that those engaged the otaton
of Occur dAene properties honest in their intentions Unor
unate for the district this has aawys been and the
efforts Of dishonest promoters times by have tended to
ure the country by making capital tmd of entering section
where there had been dishonesty 1t is the intention and de-
sire of The Miner aid promoters in far possible provd
ing of course that the property meroous that there
Misrepresentation INDUCED that the price reasonable and
that proportion of the proceeds goes into the
panys treasury for the development of the property When
these provisions met The Miner will give every assistance in
its the in the future has done the past
Two when copper quoted 26 cents and lead
cents the interpretations averaged each day in the
Occur dAenes With the decline of prices and cessation of
perty and speculation the of 1907 the country
left with of undigested securities These have been
club the market during the succeeding months Of dunes
With the of activity in organization again it
absorption Of securities had been constantly going
since the boom times of 1907 for the recently Incorporated
panes have all met with fair amount Of placing
their shares with the public company particular which
plans develop by assessment has disposed of approximately
100000 shares at low price, in the last 80 days. with the
distinct understanding that the shares all sub
scrbed for assessments will We believe that po
tent factor in the Of this company has been the pledge
made by the that regular statements Of the financial
and physical condition Of the company and the property would be
furnished stockholders
The campaign Of The Miner for publicity in mining oper
atoms has borne fruit is that people quietly
assert expecting be believed that is false principle for
investor in stocks to demand information alternative
withholding his from investments contention
however that when this principle announced it will usually be
found to emanate from stock bbe swndr who is able
to thrive only in the dark who has been suppressed in his
operations by publicity which he courted and endeavo
avoid Our attitude towards people Of the class mentioned
above contempt but free from We continue however,
in work Of endeavorng educate those who be
suaded that their ignorance the safest groundwork for
who may be deferred from seeking amp and
information the first toward The education
the investor in securities Is Of the most important and serious
duties imposed upon the financial and any opposition to
cannot be sincere while those who fail do their duty in this
direction occupying editorial position only little short Of
the actual pperator OF fraud in their guilt by being
noNot hwoasr $ns 90 IL