The Owyhee nugget. ([Silver City], Idaho) 1905-1984, 1911-06-22
$4,000 FOR
PROSPECTORS
Denver Chamber of Commerce
win Grub Stake Prospec-
tors In Colorado

A large number OF the greatest pro
ducing mines in the west were found
by prospectors who had been grub
staked." That is, the prospector put
in his time and labor against certain
sum advanced by acquaintances or
friends, the money provided being for
the purptse of buying provisions, tools,
supplies, and defraying expenses incl
dent to prospecting trip. All told, a
grub-stake outfit will range from $3.50 to
$500, according 10 the nature OF the
enterprise Generally three or four are
interested in the proposition, 80 that the
burden, on each, is comparatively light
If nothing is found, the loss is but
trifing. II on the other hand, bon
anza is discovered, the prospector. and
those who grub staked' him, are in
position to realize many thousands for
their small investment-for Investment
it really is. As we have already stated,
many sensational discoveries have been
made by prospectors who have been
'sgrub- staked." and the wonder is that
more people, Of email means, do not
avail themselves Of opportunities Of this
character. There are hundreds of pro-
fcient prospectors in almost every
locality iu the west who would be more
than glad to- 90 out on grud-stake,
who have difficulty in interesting the
necessary money for this purpose; and
there are thousands of people who
speculate, in a haphazard manner In
mining stocks, who might become an
owner in really good prospects if they
would join with two or three friends in
putting a prospestor in the feld.
The importance of the ''grub-stake"
is receiving fitting recognition in Colo
rado, and fund OF $4,000 is being
raised by the Denver Chamber OF Conn
merce for the purpose Of helping the
prospector. Leading business rnen OF
the state are contributing to this fund,
which mhen is has reached $4,000 in
amount, will be used in 'grub-staking''
prospectors of experience and OF good
reputation. OF all discovesies made
through this medium, the Chamber OF
Commerce is to be the owner of 81 per
cent interest; and, the chances are, that
within the next five years, that institu-
tion win be receiving a large income
from producing and paying mines in
which it has controlling interest.
The proposition is a good one, and
will stimulate prospecting throught the
state Of Colorado. AS a matter of fact,
the example might be followed by Utah
one of the greatest mineral states in the
Union, and one which has been the
least prospected. In Salt Lake and
throughout the leading mining districts
of Utah there are great many exper-
fenced and able prospectors who would
gladly 60 out in the mountain range on
"grub-stake" if opportunity oforded.
Many private individuals have men out
in the field on such a layout, but inter
est is not so widespread that all
prospectors could be so employed.
Would it not be good idea, then, for
the Self Lake Commercial club to take
up a proposition Of this character ?
Even in it's membership the club should
be able to raise $4,000 'grub-stake''
fund and in time, it might own a con-
trolling interest in new bonanza which
in few years, would equal the splen-
did records made by the grand old
Ontario, the Silver King Coalition, the
4 Centennial -Eureaka, the Horn Silver and
many Mining Review.