The sun., 1910-01-09
THE GOLD ORB THAT PAYS
A MINING BROKERS LECTURE
ABOCT HE6 SAMPLES. N
luArtz THAT Looks Like Any JAggrG
Chunk Or stone and ore ThAt Assaye
~ S1KO.OOO n ron-Reas0us rar
PreTerrInk . Mine Of the SI7 Kind.


the mining broker. That piece Of rock
looks just like any Jagged chunk OF stone
you'd pick up out in the woods but it's
gold ore.
Every dollar I spend on that rock
brings me 81 hack I'd rather have q
million tons of that stun in sight In mine
Of my own than vein Of solid, virgim
gold two inches wide ,
The visitoE picked up the ore sample,
hefted il in his hand and then looked ~
it critically.
Gold ore, That stun gold ore7' NJ \
, said. Il can't see any ore In it, let alofn
gold. It's just dirty gray quartz
you're away OF on your guess an
swered the broker That's low grade
gold hearing quartz running si2 10 the
ton. it's a good commercial sample of I
a solid mining proposition. You can't
see any gold. but les there. ready to make
dividends even II you can't see it. ~ {
"Now here's a sample OF gold ore from
the same mine said the broker. handing
out a chip OF rock which he took from
| the top drawer OF his desk. That chunk
will assay $50 to the ton. Examine u
closely
The visitor took the little piece Of quarts
over to the window.
This looks no better than the oth--r ?
no. I'll take that back" said the visitor.
Say. isn't that a speck Of gold zee 10
the rock up near the end:"
yes" said the broker. That's the
grade OF quartz that begins to show Wis.,
ibIe gold. You can't see free gold In
gold bearing quart1 unless IL runs about :
$50 TO the ton. After that you begin 10
see more and more OF il as the rock gets
richer and richer
Here's a still richer sample" went
on the broker. what do you think
that sample is worthl7
The visitor looked mt the IAnddy. tEane-
lucent quartz. in which he could see Few
specks of gold, thinly scattered hety
and there.
"oh, I'd make a guess" answsneyfy Z
the visitor, and cah il about s2O0. No.
let's call IL $780,
THAT stufr's worth just about t4n0
to the ton. You're making a big basic
mistake in your estimate. for you'rs
mentally comparing the visible gold
wNh the visible external surface Of the
sample. All beginners make that mis-
take. The way to do 1t 10 to judees
the visible gold with the bulk OF the
rock You Judge by the mass Of The
rock. not by it's superficial surface.r Ma
The broker opened the top drawer
of his desk again. and picked out q richer
sample. ~
What do you think that's worthfs
As he said this he passed the new sample
| to the visitor. N
The new sample had four times a.
much visible gold on IL as had the s4ov
sample. aud the visitor mulhphed
! $500 by four. ..... ~ -
| About 81. 900 a ton, he said.
You're wrong" said the broker.
That samples worth 5000 70 the tom
The visible gold specks lie about half
the distance apart that they do on, the
"A Iineal foot OF one rock would have.
say. ten specSs OF gold. and the new
foot would have 100 specks OF gold.
but the ether would have go. A cubic
| foot OF one would have 1000 specks,
p, but the other would have 5000. There
fore the richer sample is worth juat
eight times $500 to the ton. say $500
in round figures. VI.
I'm going to show you something.s-
said the broker.
He went over to the safe. opened .
drawer aud brought out something
wrapped in cloth, He unwrapped this
cloth very carefully, II disclosed another
wrapper of manila paper. He undid the
manila paper. wrapping OF tissue
Yes. sir said the broker. here's
something that very few men have ever
seen. though they've been in the gold
mining game all their lives.
Look at that, holding l: a little eti tfrssmsns
and blazed and cleaned. even in the dying
light from Broadway. and the visitor
stared. Handle IL gently, the gold 70
soft as putty. cautioned the broker.
THAT stun il worth just $3.50 900 TO- the
ton said the broker. "It's too rich 20
crush and mill in the ordinary way. A
pocketful OF that rock will pay your
expenses 70 Europe and back. Atrunkfui,
and you'd never. have TO work again.
That bit in your hand Is worth sis 70 60
and it doesn't weigh two ounces.
-I'd sure like to own q mine like that
said the visitor. Think OF gold bearing
quart TgnninS nasss ;isS s 600 e the ton
broker. "but the investor that knows any-
thing won't want TO touch that proposition.
Il isn't q real Investment. .r
"The rocks there. Il carries thS gold
all right: But it isn't q good mining n.
vestment. The reason V that the gold
ia Just a vein. It's q streak only about
an inch or two inohee across bedded In
almighty hard Quartz.
know whether the next chunk of rock
is going to be plain quarts or not. The
, vein may pinch out any second. Perhaps
You'll not got q ton OF the rock out All
told ~
you'll get $4,000 for that ton Of rcck.
but you wont stop at that. You'll be
anxious to strike that lost vein again.
IL may be IN any direction. You'll only
spend your sl5O.0Oo In blasting out plain
quartz that won't assay 81 ton trying
70 hit the lost lode.
Now, for mo, I'D take up this S12 ton
stuff. There's a million tons OF it known
to be in sight. n
|. Il can get ton OF this rock out and on
the cars For 81 so. can get IL shipped
and smelted for another Si.50. That
makes 81. II runs evenly.
There's no risk OF q pinchout. 1 get
a net 90 profit on every ton and II get out
100 tons day the mine will last me thirty
years. cleaning up 5000 profits Cay ror
the stockholders On mill on OF capital
this means "a per cent. dividends a
year. .-.,v. {,
"Yes, SIR said the broker. -Vu put
my money where the twelve dollar goods
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