The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1910-03-24
WILL PROTECT MINING INDUSTRY

State Mine Inspector Moore recent visit to the Occur
Aenes announced that he intended guard the mining industry
fullest provided for by the laws the state and in
the preface of his annual report just issued he
1.-THE element of chance perhaps enters into mining ventures
greater than in ordinary business enterprises
but conducted upon intelligent business principles and expert
enced management mining has been demonstrated be of
the profitable enterprises in which money be invested
for when becomes producer it offsets the losses of many
failures and if the ordinary precauton used in other business
investments exercised the exaggeraons and mis-
representations promoter would be detected
and the p brought justice before the funds had
been squandered.
Idaho has very specific statute upon this subject which
quote in FULL
Sec 1928 Any person who knowingly makes publishes
in any whatever permits to be made published
OK prospectus notice. report statement exhibit other pub
cation Of concerning the AFFAIRS financial condition prop
ry corporation stock association copartnershp
individual which said book prospectus notice. report statement
exhibit other publication shall contain statement which
is false wfuy exaggerated which intended to give
which shall have tendency give less greater apparent
the shares bonds property of said corporation joint
stock association copartnershp Individual part of said
shares bonds property than said shares bonds property
part thereof shall really and in fact possess
guilty felony upon conviction thereof shall be imprisoned
than years fined than thousand
collars shall suffer both said fine and imprisonment
The promoter who squanders money worthless property
which he has obtained from outside investors be considered
good fellow in the district where he is spending of this
money but in the long he is not beneactor but maefac
tor the benefit derived by the district only temporary
tie after effect operates seriously to it's detrment
Idaho contains very meroros mining properties which
awaiting the assistance capital become productive and
the lives of all mines limited the future of the States
mineral production depends the development of proper
ties and active intelligent prospecting be carried if
expect hold the envabe position which occupy for
the prospect bears the relation to the mineral production Of
The country that the school boy bears the National Government
and immense of money have expended upon
veopmen large expended upon the education the
younger generation but the ucrous exaggeraons and
statements sometimes made in connection with financing mining
properties greatly to be condemned
Again the failure of property to make good is very fire.
queny occaoned by gross mismanageent Mine examination
and management is profession much the legal medical and
other professions and requires training that
to be expected that inexperienced in this line Judge
the worth of mining property develop it to profitable
This of the greatest horns the wound the mining
dustry at the present time for wherever mining boom
ed there is considerable activity in mining section you
find companies organized and properties promoted operated
by farmers preachers doctors and from all the walks life
1t surprising that the mining industry has suffered
greater extent from these causes than is apparent
THE mineral production of the United States 1909 will ag
gegate two billion doas value and has employed
Us of the hauling facilities of all the railroad systems
the country Of this great total the mines of the country
exclusive OF coal and iron enterprises, according
recent statistical article in the Mining World have paid
600 in dividends during the eleven months of 1909 total of
$500 issued capitalization of 500 or equva
lent to O cent their total capitalization profits