Bisbee daily review., 1909-04-25
DOLLARS FLOW . FREELY IN THE BIC SOUTHWEST
Very Many of Them Are Badly Invested and Many More Are lgnorantIy Wasted = Profit for Energy Well Directed

From the columns or the melropOl- itan press, from prominent trade jour nals, from the letters of many we'll known people. and from personal ob- servation. We know that money, in large volume, is being sent into Mex leo 70 be placed in mining ventures wish the ever-living hope that it will be returned many fold.
 The country Is an alluring one to many people. It's traditions are at traetive. It has mines that have been in operatioR hundreds of years and which have yielded millions of treasure. It has numberless ancient workings that have been idle longer than the memory of man runeth, and not infrequently one of these form the foundation for promoters who well understand the attractiveness of such | propositions. They hold an air of the mysterious and there Is a natural desire to reopen these old levels and to corral the treasures that may have been ''purposely hidden"(?) at the time when some bold band of pillagers were known to be on the way to con ! fiscate the precious metals won by the toll of the inhabitants of that partic- ular place.
 And occasionally, some of these long closed mines have been re-opened and proved valuable, this only inten- sifying the search for their like and gaining a flood of money to assist the schemes of which this land is so prolific.
 1 Northern capital, so much desired by the people of Mexico. is surely go- ing into the Republic freely and cheer | fully. It has been flowing southward ! into this land, and every dollar of it i is exactly twice as valuable as the ! Mexican circulating medium. The great percentage of this vast volume | of money being contributed by the i people of the United States, is being wasted, much of it ignorantly handled | and not a little deliberately diverted | from the intended channel.
 Generally the task of opening of 1 new properties, or rejuTenating of l old is entrusted to those who are not well equipped for the experiment. They appear to be working along the l lines of least resistance, to have fallen i into the Mexican habit Of putting off until tomorrow the things that should be done today and neglecting those principles and qualities without the earnest and forceful application of
 which success cannot possibly be achieved.
 Tco often inexperienced men are
 entrusted with the development of properties needing the most skilled at
 tention, and much actually childish experiments are noted.
 The stock jobbers are numerous
 and the hills bear abundant evidence of their efforts to secure the favorable
 attention of those who are prone to
 deal in mining securities. Many lit
 tie mills and smelters mark the spot
 where some small outcropping re
 ceived attention, and which also lent ! excuse for extravagant prospectuses and equipment, all with the sole pur- pose of boosting the price of shares.
 Many Of these plants are idle and go
 ing to decay, but new ones, with the
 same object, are being erected. sc
 that the man who is not particular
 as to how his money is spent will still
 have opportunity to put it into circu-
 lation.
 Mexico has many questionable min
 ing ventures. far from railroads, to
 reach them requires hard trips on
 horseback or with teams. or both. Few
 shareholders care to make the exer ton necessary for personal examina
 ton, so that the stock boomers are not so easily discovered as they might
 be were the mines" nearer lines of more easy travel
 The editor of Iron Ore has frequent
 ly extended warnings to carefully in
 spect these Mexican concerns offer ing stock for sale. Generally they are more American than Mexican, and We
 do not wish to charge to the people
 of the cpublic that they do the mosi
 of the batting of traps for American
 money, although we may add that Mexico has some very clever gentle ] men who are quite ready and willing to join forces with the stock manipu
 lators north of the international line We again wish to repeat our sugges tion for caution in the buying of steel in properties in Mexico. and to add that the same holds good with refer eace to our own great country.
 The need of knowing the people who solicit your attention in buying of shares Is as important as ever, and
 we can truthfully say that thousands
 of men are in the great mining re
 gions of the southwest and west wh6 are squandering good money because
 they are wholly ignorant of how Il
 should be paid out. A very brie time spent in these fields will con
 vince any practical mining man ol the correctness of the above and
 should demand from the person wh' wants to buy into mining ventures the most careful inspection of all me conditions surrounding the enterprise he has in mind.
 | Not all these concerns are dishoh estIy manipulated for gain, but Of the l class Iegitimately seeking fortune in
 this land the great majority are only feeble opponents of the practical forceful miner Many good men lend sheir names to mining enterprises They may be bankers. lawyers, raif roaders, merchants. all successes m their respective lines, but they Iail , of the knowledge necessary to skill : fully carry on mines. mills and smelters. The result is generally
 what might be expected.
 Sc 1t Is vital, if one wants to Win | in this great mining game. 10 be as
 sociated with men who are well up in the rractice and science Of the work who are honest and courageous and who resDect the investment of every
 shareholder