Gilpin observer., 1910-07-21
NINE ORGANIZATION
OBSERVER CORRESPONDENT, RE.
PORTS THE DENVER MEETING
IN INTERESTING STYLE.

decline? Who would believe It? Rath.
er, are there not fewer thrills of new
strikes or finds in the districts Just
opening? The action Of the body OF
men at Denver last week in organic.
ing sort Of mining bureau would
suggest many things, The attendance
was large, larger far than the pro-
moters anticipated. And the body of
men truly representative OF the
mining industry of the state.
All seemed to think something was
lacking and they had gathered to
learn Just what the mining industry
needed to keep it well to the fore.
With mining bureau established
by the government, 1t was possibly
thought necessary to encourage that
new department by an organization to
give 1t work OF a nature calculated to
benefit the new departure and at the
same time aid the local organization
in its endeavor to rekindle interest
in affairs mining.
The query whether mining is on the
decline is a question disproved by the
record of the output Of precious met
ais. Certain sections may have found
that less interest Is shown, possibly
due to no great inducements in the
way Of certain results from embark
ing in the industry.
Stock selling in properties has had
a set back, the company failing to
realize on its investments. This de-
partment will need no apology for its
lack of success. Admittedly some OF
the organization were questionable,
but the majority were on a basis of
merit, but expectations were not real
lied because the mine or mines were
not Of the class likely to return divi-
dends. Many companies. too. began
operations without sufficient capital
to bring the mine up to the paying
stage. Most of the company organiza-
tions have gone down owing to that
state Of affairs. s.--
A well known property In this state
sold while a mere prospect, a two
third interest for twenty thousand
dollars cash. Not more than five
thousand dollars has been taken from
the property. The surface showing
was remarkable and the little ground
opened proved the mine to be a good
one. but no systematic development
work has ever been performed to
prove its value as producer.
This Is cited to show what may
happen after a property has gotten
into the hands Of individuals. who
had probably hoped to realize on
their investment short time after
the purchase Of the same.
Companies act In the same nan-
ner, but they are handicapped by
having no money after a certain
amount Of work has been accomplish
ed, and further prevented from work
ing because of the great number Of
owners as represented by the stock
outstanding.
The failures are all out Of proper
ton with the successes. 1t would
seem that most stock companies
make too much OF a display. Every.
Thing Is on too large a scale nothing
being left for actual developments.
Great surface plants. freight and
other items eat the ready money and
no more Is to be had to begin actual
extraction OF the ore. Unelss 1t be AL
exceptional mine. a great deal is re-
quired In the way Of exploitation be-
fore dollar is realized.
The mining stock company has bee
real help to the industry and there
are many who can say that they have
reaped rich benefit In investing In
that class Of security. There are
many, alas. who have an abundance
OF certificates. beautifully gotten up
almost works Of art. and have that
value only.
The men gathered at Denver, at
least some of them. have an idea OF
some sort in keeping the mining In
dustry to the fore. 1t was particular
ly noted that most Of them were sue
cessful operators and still In the
field, while a number were Of the
expert" class. who make busines ss
OF examining mines, and reportin. on
tae same for prospective investors.
There was nothing Of the cheap
demagogueic flare out at the gather.
ing But lack Of cohesion was ap.
narant as IN restilts With n fuller
understanding Of the needs and the
necessity for action will come when
The situation is rightly understood.
Some who were present rallied at
the steam roads for supposed ex.
tortion by freight charges. Others