Rogue River courier. (Grants Pass, Or.) 1886-1927, 1911-05-26
MONEY WAITING FOR
INVESTMENT IN MINES

Under the title "Wanted-Mines,"
the Mining and Scientific Press has
an article of unusual interest The
mining publication says:
Probably more money is now
available for investment in mines
than at any time in recent years
and the mines are not being found.
Those that come to notice, even
many but incompletely developed,
are promptly financed II the owners
are at all reasonable in theie attitude.
Within year an expensive examina.
tion of a California gold mine was
made, where the ore averaged only
$3.50 per ton In value. The mino
was rejected. not because of the
low value of the ore, but because the
quantity proved did not warrant the
investment.
'The ore bodies found at Porcu-
pine passed promptly in the hands
of experienced and capable men am
ply prepared to. furnish all the money
needed to develop them on the larg-
est scale, and there is money wait
ing for anything else that shows
equal promise. The case Is all the
more striking since even now rela'
lively little ore has been developed
at Porcupine, II the word be used
in the strictest engineering sense.
Men having money and expert
ence were, however, at once attract
ed to the camp and were willing to
buy upon terms that involved sub
stantial risk on their part, as well
as profit to the owners. Men accus-
toned to investing large sums Of
money are now willing, as seldom
before, to go into metal mining; but,
and this spells the difference, they
have learned to value expert assist
ance and they know the difference
between a mine and a hole In the
ground.
"The little artificial furry IN
porcupine stocks in New York, and
the promptness with which II sub
sided, indicates that even the gen.
eral public is disposed now to dis
criminate between investment, and
buying capitalized blue sky and ad'
jectives. There are constantly Ia
San Francisco, and the same thine
is true at other centers OF mining
representatives of number Of H.
nancial groups anxious and willina
to buy any mine that Is likely tC
prove profitable.
''If one has a mine of real value
Il Is not necessary to reach capita
through long string Of hungry pro
moters. Anyone who knows wha
he has and is prepared to talk busi
ness can get a respectful hearing
These facts are thoroughly wei
known among engineers. We stat
them for the benefit OF the genera
public and perhaps, for The sam,
mine owner who is too busy on hi
claim to visit the city often.
ut is an encouraging sign Of tn,
times that substantial business mel
: CT large resources are prepared /
, invest in metal mines on terms fai
to all concerned, including the pro
moter and the minor stakeholder
It is to be hoped that their expert
= elce may justify continuance o
this attitude. Making mining less o
l game for gamblers, and more
business for investors, IS wort
Y while.
I'VE would not, however los
( sight OF the fact that In legitimat
$ mining there is stage where spec
$ ulation is a large element. This
S though, we believe is properly In tn
: development Of prospects rather thai
the manipulation Of shares IN com
panies operating producing mines
q A prospect Is always unce! tain. T
:. discover II In the first place. and I
Y develop II In the second. calls 10
skin, experience and money. Muc
OF the first two, and relatively, III
tie of the third, are needed. This
b the part OF mining that attracts tn
man who has little capital bu
IS abundant nerve and optimism.
# the whole number OF prospect
found, few make good mines; but
mine once developed can be promp
y converted into cash at a very larg
B. profit on the original investment.
3 prospector may work all HE life an
l. never discover anything OF valu
y He may become wealthy IN a fe
Il months. Surely this affords o su
re ficlently wide field for any legltima
In desire to speculate.
se ut is none too easy to find eve
a good prospect Most OF the rit