Gilpin observer., 1909-07-01
THE PRosPEcroR
AND HIS RuRRO.

pecIOr TO MS DurrO, CnaC KISSING
goes by favor. OF course you have
but vague conception of the bliss
connected with kiss when the salu.
tation is between parties having an
interest in each other, and l know
you think it is a waste of time and a
senseless business, and especially SO
when you see man kiss woman
who is far from being a beaut. But,
the affection was there, and this
shows, as l have already said, that
kissing goes by favor and the same
vagary is often noticeable in the min
ing industry, where really meritor.
ious properties are turned down while
a wildcat prospect, nearby, claims
more attention than producing and
dividend-paying mine. Individual and
public fancy Is peculiar thing, just
as there is diversity of interest
and favoritism in the gambling halls
Of this camp, where some men are
ever found at the roulette wheel, and
some at the card game. Some men
have known, who are educated, refin-
ed and of splendid physical makeup,
have taken for their life partners the
merest wrecks of women. when they
could have had their choice and pick
of a bevy of the finest looking girls
in the camp, and l have seen the
most beautiful women who have TAX
en- up with the worst kind of tramps
and buns it would be possible to
find. l. myself, am an example of this
eccentricity of human nature, could
have a fine horse with me out in the
hills and yet l am contented with
only a burro.
II see,' continued the prospector
| that you hardly catch my drift and
| that, so to speak, you fail to see the
specks of free gold in the rock l
am showing you, and this is not to
| be wondered at, for all men, all wo
men, and all mines look alike to you.
and this is another proof that you
are true to your ancestry, and that
years of association with thorough
breds has had no influence on your
mental caliber. none whatever, and
that you will always be content with
a diet of tin cans. bacon r;nds and
an occasional handful of barley. But
to my story, to the moral of the tale
| l am endeavoring to unfold to you
towit. etc. AS kissing goes by favor,
so it is with the mining public regard
ing the popularity of mines. Some
mining companies appear on the hor-
izon in metoric fashion and are wei
coined by the public as the genuine
article, as being yard wide, all WOO.
and warranted not to rip, ravel or
run down at the heel. The chances
are that the company is fake; but
no matter. it is in public favor, and
its stock goes like hot cakes on q
winter morning. From dollar {.
share this stock scars up to $40 or
SIS a share. Everything is rosy and
the stockholders are feeling fine and
are treading on air. But, it is ho.
air. and the day soon comes when
the bubble bursts. for the stock could
not stand up under inflated prices.
and the first thing the investor knows
he can buy this stock on the mar.
ket at few cents a share. On the
other hand, company is formed, by
honest men, on valuable ground, an5
an effort is made to sell treasury
stock for development and equipmen:
purposes. Everybody knows that the
company is good that it's property is
of value and possessed of excellent
merit, but, will the public buy this
treasury stock at five and ten cents
share? Not on your whiskers. And
yet. in time, this prospect is ter
times more liable to make a dividend.
payer and profit maker than the hot
air proposition | have been telling
you about; which shows that mining
goes by favor. just the same as kiss
ing.
Il want to tell you, Old Long
Ears" concluded the prospector,
give me a simple and straight pro.
position when 1t comes to mining.
Give me something on the ground
floor Something that has no frills
and whose future has not been COP.
pered by eastern financial agencies
Give me stock in a prospect where
there is ore in sight instead of AT
interest In proposition where hun
dreds of thousands must be expended
before a pound of ore is extracted
and where stock prices will advance
on hot air, up to fancy figures and
then settle back to almost nothing