Gilpin observer., 1911-03-02
A SUGGESTION.

Even the mining organizations of
Denver, started with view to help
Ing things along in a way that spells
for betterment, attach to their ap-
peals plea for suggestion as to how
to act to cause the rejuvenation of
the mining industry. The fountain
head should be full of resources of
nature likely to push mining mat
ters to the front. That much money
Is going into real estate in the towns
and cities and farming land is a good
thing. But the investors seem to have
forgotten that mining. precious met
al mining, has made most of these
towns, cities and farms possible. To
detract from the mining industry
must mean slump in realty.
The stock scheme OF drawing cap-
ital to mining would seem to have re-
ceived a knock from which it is not
likely to recover. Possibly some have
como to recognize this and they would
cast about them for other induce
ments. The local pool Is proving very
helpful. There are a good many
things in its favor. Economy is the
principal factor in its inception. In
variably the number is not great. Not
more than dozen and often much
less in number combine with a con-
tribution and perhaps a monthly pay
ment till all is in shape to reap the
reward accruing under the system.
Often the pool is composed of local
miners familiar with the district and
the mine to be exploited. These may
be in no way interested in the prop
erty other than that they are willing
to take hold of it in the hope Of
gain. II those in the pool are nearly
all miners they are the ones who un-
dertake the work of development. It
can be readily guessed that economy
and common-sense will work together
1t Is their time and money that Is
being consumed in the attempt to
gain substantial results.
This calls for no outside money and
where quick returns are anticipated
very little is required to put the
mine on payling basis. 1t is not a
new idea but at this particular time
Is very much in evidence. 1t ought
to prove solution Of the mining in
dustry. Recognizing that many dis
tricts must suffer in consequence Of
letup in mining, and the stock
scheme becoming obsolete and leas-
ing not as popular as formerly, the
pooling system will hold out to the
investor much more than is apparent
on the surface.
A bond and lease on a we'll known
property that has had considerable
work performed on it in the past; be-
ing Of good record and even possess
ed Of vein is a very promising prop
osition which should be considered
seriously. Economy in working, a
knowledge of the property, the hun
dred or two stockholders eliminated
and only half dozen in the pool to
reap all the benefits is a system that
should be encouraged. All the profits
are to be retained by those embark
ing in the undertaking.
There need be little blind cropping
for the vein. Take a section like
Gilpin. the pool could take over q
good property that has ceased work
because Of lack Of system to prop
erly treat the ore. Present-day meth
DDS OF operation, If adopted, would
be certain to turn these to good ac-
count.
There need be no experiment in
this. The property chosen, there
need be no company organization un-
less the few in the pool SO desire.
OF course a company organization
makes It moro legal. A number of
people could take over a mine by
purchase and work 1t as individuals
eliminating the stock company fea.
ture. From this elevation. 1t would
seem that the pool system Of working
| mine Wero to proye ono of nrofit