The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1912-06-13
IS GOOD BAIT FOR SUCKERS

Whether it is nesting time for the robins harvest time for
the pumpkins, Yule Tide in the cottage III the mansion
is always the open season. when fishing for suckers and
suckers always plentiful Says the Salt Lake Mining Re
And yet believe it is not everyone who is out with
rod and hne that is after this kind of game although there
are those who firmly believe that every mining eonlanH
seeking the assistance OF capital for the development and the
equipment of it's property bending its energies to the land
ing in its net, of members Of the sucker family
1t is only in while that company formed which
within it's membership has ample capital for the exploitation
of it's claim group Of claims As matter of fact, most OF
bonanza propositions of today the ragged
edge for the wherewa for their developments and the ma
ory of em but for the attendant upon the sale OF
treasury stock would be but little more than prospects
In seeking buyers of their treasury stock these mining com
pane not angling for suckers but making over
capitalists and investors that based upon honest
and legitimate business principles They made this kind OF
proposition: ''We what believe to be promising and
valuable mineral ground We lack the to develop the
it should be- Undeveoped is practically worthless
The indications that prospects, intelsenty and
economically worked will eventually take rank regular
producers and dividend payers Will join hands with Us
in the furherance of this enterprise We will put up the
property if will assist us with the necessary cash II we
succeed will all make thousands where have eX
pended hundreds We believe will succeed. If we fail
all in the same boat This is purely business ven
ture
No one can consistently say that the PRONUNCIATION of
proposition of this kind is merely bait" for suckers Many
however, who have gone into mining ventures ndscrminate
y and who have not met with the anticipated in
cned regard mining company fraud paying
but little attention to the many marvellous clon
ed yearly in the annals of the mining history of this western
country; and is this class that pass up opportunities
for safe and profitable investment in mining affairs than &c
men with evenly balanced minds who carefully consider al
sides of the question when invited to join in with strictly
legitimate mining enterprise.
1t is true that there many fake mining enterprises
and companies but these angle with such urld bait that moth
ing but sucker would bite; but sucker sucker and nc
sympathy need be wasted upon him. Still because there are
fishers for suckers and because the sucker will always take
bait this why the sensible investor and capitalist
should fight shy Of legitimate mining propositions and oil
companies desiring to dispose of treasury stock for the u
pose developing mining property OF merit and acknowledged
value Were all to fight shy OF mining because sucker
is hooked every and then the result would be that many
prospective bonanzas would remain undeveloped and un
known in the canyons and hills Of vast mountain ranges
And yet it takes but small amount of intelligence to dsn
gush between the fake mining companyhe fisher for suck
ersand the genuine thing Lurid advertisements glowing
promises dividends guaranteed and millions assured comprise
the different bats used in angling for suckers. conserva
tive statement of facts and actual conditions the agU
mens used by the legitimate seeker for assistance in the de
velopment and operation of mining proposition 1t leg
tae advertise for capital to make effort to dispose OF
treasury stock and this brings mind the advertisement
of certain western mining company which the following
terse statement made We not fishing for suckers nor
cunning for mossbacks We don't guarantee anything but
square treatment If did not think that will get AIDE
quate returns for time and money, would quit the dea
cold If make money you will get your share of 1t II yor
take chance with us.
No sucker will bite at bait like this. He is too foxy