The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1910-10-06
THE DANGERS OF. PROSPERITY.


Once the hum industry heard in the Occur dAenes
speak accurately the ring of the hammer and the buzz
Of the drill may be heard Renewed activity is everywhere
apparent and this improved condition reflected in the radiant
faces Of the residents throughout the entire district At time
has sentiment undergone thorough change than in the past
80 days Emerging from serious loss hundreds of prospects
September opened with cheering outlook and few agreed
with The Miner when said that 30 days would Of the
demolished buildings replaced and activity regnng where then
Of desoaon The improved sentiment has not been
gradual It suddenly and in the past 10 days. It was
awakening and probably caused in by the excellent
exposure in the Mssua Copper companys property The Muan
section exuberan this and rightly because
perienced mining said Msoula is bigger thing than
Snow Storm hoped be- For 100 feet this has been
followed and each day has shown improvement Progress being
made at the rate of 10 feet day and has been
posed for $50 feet the ledge will be and its extent
demonstrated So far the management has been satisfied with
the knowledge that the the full width of the tunnel and
when is if the shoot be 10 Is feet wider
look for fireworks in the stock market So far there has been
disposition to hold down the price, due possibly to the fact that
some calls have been sold which will but it question
able it this be done indefinitely without creating unwiedy
short interest which Of itself will be sufficient force the price
up to II 10 cents One thing if this Of ore
had been made four ago the price of stock would have been
over dollar instead of under 10 cents.
There other properties which will be in equally
enviabe position but little work remaining their great
value.
Work the Reindeer which has been closed down since the
forest fire damaged the compressor will probably bring out
revival Of interest in that property which certainly deserving
of more attention When the work ceased the raise full of
places the entire length Shipments of sorted from this
3 cent "copper" low in silica and having
of iron forming almost self uxng composition especially de-
srable to SHELTERS
For long time The Miner has pointed continual and
gradual decline the production of lead with steady growth
consumption prosperity becomes and widespread
This condition beginning to attract attention and recently
number of contributors mining journals of wide reputation
have commented the conditions existing and farther than
this has done in optimistic predictions
by the end Of next year the maximum price The Miner has
phesed later writer's have raised this eight by
middle Of next When had the last boom this district
and prices for all stocks syhgh up
If the price of this commodity up eight
cents epidemic speculation
i've lead mines which almost enough brighten conservative
minded person.
And what follows in the train of boom all know. Wild
cat properties galore incorporated and unoaded willing
suckers at rdicuousy high prices fresh crop of promoters
springs with the sole ambition separating unsuspectng
public from its superfuou hekes All the and we of the
crafty injected into the campaign for dollars and when the
boom dies out hundreds thousands left high and dry with
worthless stocks And who blame? It
that they have been marks They blame the district
and brand in it fakes swnders and every
mining enterprise unsound legtmate and rapacious
We have all been through this We know its harmful effects
both during the and after it has attened
powerless such things To the public belongs
the blame As have often pointed before investors min
ing securities should exercise judgment in buying
should and would in other form investment But we might
preach this until doomsday and make much effect Tie lust
Tor u is too strong The desire easy money is to wide
spread and when people was selling Yesterday
cents bring % cents today they throw discretion too the winds