Omaha daily bee., 1910-07-03
COLD.BRICKED COLD MINES
Variations in the Game as II is Com
monty Played
SOME FAKE MINING SCHEMES
Ceverness and skIu sRd Novelty
Contrasted with Crude Crooked
ne-.--Wise Advice 10
the Unwary.

constant aim mas been. first. TO Increase I
The amount q the harvest. second TO Re- /
ducs 20 q minimum the risk the reapars
run Of detection and punishment by the .
authoriues- Experience ia most lines of
commercial activity has shown that The
rnlddlernen often gather in the largest (
profits and have the smallest losses. Many
q those working the mining gams-snd by
this Is meant selling stocks on wind and
wAter-havp made use Of this fact Today
In the majority O cases We have. "a I#sle
u the pTospector or the company ~ Iar
stock direct 20 the suckers. the finA- t-i4l
fiscal agent He operates either under
the name Of . banking firm or &c a
security company. which is generally
rsgistersd trademark intended a. cloak
20 cover the names Of individuals moi
DESTROYS Of publicity.
The financial agent Of this description IS
n reality the organizer and promoter Of
the mining company whose stock be sells.
Bot should trouble come along he 81 the
cirst TO assert that he has been deceived
we'll as his customers. He sells the
shares Of the mine on q commission basis
90 large that practically nothing is left for
development. He takes out Of the money
secured large salaries and TIE entire eT-
psnse OF advertising and carrying on the
exploitation. He prepares AL the literature
one Of the advantages he claims for his
proposition is the wide distribution Of the
stock as 9 safeguard against assault by
wicked wan street interests.
In this wide distribution, however lies
one Of his own greatest safeguards against
either criminal or civil prosecution. Scat
tered over the country are his investors
TIE MIL hand. the poor seamsrresss the
humble artisan. whose total investments.
comprising perhaps all their savings, sell
dom exceed S1eO each; and. with their saw
ings gone there isn't money left 70 pay
oartars to the office OF the financial agent,
let alone TO undertake a civil suit or en-
list the aid OF the Euthor4ties-
Great Business Principle.
Burr Bros, Inc. Of New York. used the
effective bSit Of the instanment plan OF
payment Their literature and advertising
Offered sudden wealth at 20 cents q share
payments to be in instaIlments. the best
twenty offers 70 be accepted II was
pointed out that n one made ones weekly
payment large enough 70 be included among
the fortunate twenty. one could have a
nice. clean certificate sent 60 one i'm
nn~diately. and pay for II at ones leisure
II you think the operators could not afford
20 do that yoV are ignorant There was
an old negro woman In the south who
often importuned har white friends for
funds 10 build q certain somewhat mythical
church They asked her what she received
Tor the time spent In collecting. 7 has
what Eits." WA her frank response. She
snunoiated \ great modern mining prin-
otpas which hAs made fortunes IN Denver.
Butte. Kew York. Boston and many other
paAoss where handsome Iithoeraphio work
- dons ans where Advertising space can
bs bought IN Journals considered reputable.
some Mine Sailing Stories.
n NOT however. always the city pro
meter who furnishes all OF the crsokedness
BE himself may be deceived by those who
se1 him she mine. Some OF the most thrill
tng s1ng1as IN literature might be written
sIoout saltsd mines. The sale Of the Bears
Hsst mine. and the special train expedition
70 the sAlted Bear river placer field: the
sale q the Mulatos mine 10 q set Of China
man: all sorts OF other taEtanoss In Amer
can mining history. have been regarded
rather - big Jokes than as great lessons
nd a. TO such large testing we advance IL
flnssss. The OLD way OF sailing places
OF q quartz vein with 8 shotgun Is nov
AntlquAtsd-
A little while ago a party Of capitalists
bought q Nevada placer on what they
thought 70 be strictly a "'cinoh' basis. witt
their own hands they collected the speed
men art from ali over the claim, and thel
watched Mexican miner pan the dirt al tn,
creek The pans showed Up beautifully
They bought the claim Later IL pr0yes
worthless AtterwArd they remembered
that the Mexican smoked cigarettes all thi
time he was panning ana that he wa
careless IN expectorstinE, well as Il
knocking the ashes off his cigarettes. Tn
truth was that the highly intelligeu
gresser was using the cigarette trick Il
-.
IN his cigarette and under ais lip,
Al Eorts of methods Of sailing mines eve
20 the injection. with = hypodern1ic needle
Of strong solutions Of mineral salts into
mining engineers ref ally sealed sampl
bags. have been worked. The most honest
careful. and expert mining engineers hav
been deceived time and again. and salte
right under their own eyes Even a bIan
Chimes may be fooled Take he ,instanc
OF the Mulatos mine: The bunch Of China
men who proposed 20 buy insisted on
Tnill-7In test on fresh mined ore. taken OF
BY themselves. Tor q five days run. The
we're not taxing any chances IN their ow
bolief. The owners OF the mine, however
50 runs the s3ory-hAd . platform OF plan
Errangsd above the umbers a. the top q
The drift where the Chlaansu h-ought ou
fheir ore cars. on THIS plsEE-ns a ma
Izs face downward. where he could Sc
each ore car thai passed he had a rattle
hhra nfe for five dAys on ths sAadwichs
and water which he took up there wit
him. but h managed 10 drop q pinch or .
of nice gold dust into every car Of OF
thai came trUndlnE under hrr- Tie NIL
run wEs an entire success from The view
point OF the sellers, although not from ths
II the buysrs-
Principal VERSES Income.
Any nina matter how rich, or 10
large. begins 20 be exhausted from the tin
the firsu pick Is stuck into The ground, au
AL IS profits ought 10 Ds figured on Il
basis Of diminishing deposits when yoI
deposit u drawn ouL your bank does M
honor your CHECK A mine Is The reveri
q mortgage or q bond The securit
Assa not remain stable no- increase
value, but. on the contrary. continual
decreases IN value. In q mortgage Q p.
cent is wisdom. in q mining return, n
folly. 4 nina instead OF being fiFur,
on the basis Of q mort gaze, ought 20
figured on the basis u q term luuuir
That IL 20 say. on the basis o. 4 wiping-o
6ate when the mine IL done paying div
dsndA, there Is no return % the face OF Il