The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1911-03-09
MINING INDUSTRY IS GROWING.

WREN THE Miner repeatedly assured its readers that the
production Of the Occur dAlenes for 1910 would
coed THAT Of 1909 it guessing and the figures from the
inspectors report published in columns
last week, bear cut the truth of our assertions
1910 shoslone county produced minerals to the value
cf 2r5c245 ard III 1909 the total $372305 In 1911
-we expect proporonate If the figures for
portion of the district forthcoming
believe The would be still significant. ndca
tons Tont steady increase in production for years
and shippers this early of the year
and third join the list during this month 1t is easily ad
1ss h that 1911 will put this district It's record production
The SHIPPERS the Marsh and Panhandle with the
Jack Waite hauling ratory to its shipment That,
these three properties three sections OF
kev gratifying and their successful operation
will siuulate activity in all properties in their vicinity.
lie investor in Occur dAlene securities today who acts
with prudence and allies himself with capable and energetic
Gers will see his quadrle in surprisingly short
time IN saying this not urging speculation Specula
ticn Of the obstacles the legitimate industry
OF ra 1t is this very deplorable feature which has hand
CAPPED many prospective mine ard retarded its development
by wing away the capital that would be egitmaey invested
operation and successful completion 1t is the lure Of
tremendous profits by speculation that has wronguy cassed
all mining speculative and hazardous But the
speculative attraction is onipresent will the senseess
specuator ready take his blind plunge and when
las his condemnation will ring from shore shore
witt the effect Of lettering the timd from legitimate invest
Volumes might be written on this subject and instances
cited by but they would either eliminate
the remedy the effect
Tie ren of investment and speculation is hard prog
1t swings in cycles and there is strong sentiment
TO-DAY favor OF mining This due conditions in
one the feeling confined particular locality
1t is IS Of Portland Maine it is of Portland, Oregon
and residents Of New Orleans well Winnipeg This is
apparent only those who read the market letters of
large brokerage houses in the great financial Centers but it
any who reads with discernment the financial
papers mining journals of the day The of land
for the time being has its and the
popular has turned to mining which will now have its
inlir for cycle .
II an Individual makes an investment in the stock of a
rni company when it selling low price if he invests
in property which located in known producing district
surrounded y producing mines and having the characteristic
indications the surface of the districts producers if added
IS the management is composed of honorable business
md practical miners then such investor has genuine
yurity larger small investment
possibly hope for III other legitimate industry
He reaze moderate investment than he can
upcn wears Of labor and saving.
here field of human endeavor that offers larger
returns upon capital invested in shorter time, than mining
That this is becoming generally appreciated is proved
by statistics which show that in 20 the value
Of our mineral products increased 2162 cent compared
with IS per population 1924 per cent in manufactures
and rer fer agriculture In 1880 for every dollar OF
there SIZE of manufactures and 500
az products while in 1900 for each dollar of mineral
nroducion $1,000 of manufactures and 5000 of
agricultural Iiocucsion.