The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1910-12-15
THE WANING YEAR.

Industry and progress marks the decline the year 1910 in
Occur Aenes Determination prosecute work vigorously in al
number Of shown the gradually growing list companies
which yying Within the last two weeks not less
than companies have joined the list and number Of Others
contemplate similar action The Of raised in twelve
months BY this beyond conception This expended
intelligent development and materially enhances the intrinsic value
Of the shares the number OF assessments running
about This to 4O 1910 and all the prcudce
against being takes so days to complete
assessment and with levy Of two mills per share on an
capital 25OOOO this would produce from the 40 COM
pan 100000 so days for the Of 100000 The
probability is that the figures far exceed this.
In addition the funds raised this there number Of
companies which been financed outside the district and money
here month but outside the directors Of these COM
pans know the would be impossible anything
kc reasonable estimate Then there large class Of people who
their ground individually and do the development work themselves
working the time the larger properties provide the
y funds provisions and mining supplies There also some
groups by individuals who ample capital keep small
steadily employed without drawing for development
funds.
In various ways approximately S25OOOO0 annually de-
the development Of Occur dAene prospects, And that
is sufficient keep 1000 constant employment the
Add these the $500 employed by the big producers
find approximately 45O0 actively engaged mining and
in the development of mines and prospects, The fact that the
really the history Of the dis
tho boom period 906l90 the activity
exceeded
There has great change these last few between
methods Of obtaining and the people, who furnish Four
treasury stock OF Of readily dis
posed Of at from 10 Is cents people who knew
nothing whatever about and had the business make
enquiries They simply gambling Because the market for
mining securities active these purchasers thought they
would be able double their money few weeks and without
effort This very gue became the promoters who
untroud with surplus Of conscientious supes and the
supply these stocks multiplied with alarming rapdy
the demand of the suckers easy the temptation
great and the inevitable The mining done with such
tbutons largely and the promoters reaped rich
ward the dsmay the nvesorwhen he found and to the
disadvantage If the district.
Conditions have changed materially Today every dollar
received for development expcndand accounting made for
it. investor today knows something about his property When
he his share towards development he asks for statement dis
bumnts and Of the development for which this paid
The manager the ascendany He anxious that
lis stockholders should know what being done He invites their
inspection Of the property and the books He hoacs with
nothing to fear from publicity and credit be said that there
toayn the Occur dAene Of sort than
this hfcveopmentanler such management beginning to tell
The 1910 producers This drawing to
close but believe the record satisfactory while l0ll will dawn
with that prospect activity and which the heritage those
who strive faithfully for worthy object Keep your the
Cse dAnes and your money invested udicoy here and
reward Is certain.