The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1912-03-21

Not the years 1866 has the mining industry looked
encouraging While the prices of all metals are advancing
what they have been in the past few years. zinc
Ito have taken the lead and is still soaring Mining invest
ments noticeable than for time and stocks are
more demand Those interested in mining feel that the
outlook is promising The steady increase in the price
of stock together with the demand has caused renewed in
erest Properties that have lain idle during the recent de-
preston preparing to begin development work The
general opinion among mining that the year 1912 will
be OF greater activity than has been experienced the
years above mentioned One good feature that favors the
mining industry and will go far toward placing it before the
investing public being equally safe an investment as
that of other industry the that is being used by
he majority of those who looking for investments in
mining properties Any blind investment is gamble as stat
I'D by the Mining and Engineering World of March 49, whet
in real estate manufacturing mining anything ese land
to all forms of gambling the chances that the
blind investor will lose great The fault lies in
itself There crooks in all lines lying in wait for the
unwary This is fact that must be taken cognzance of by
everybody who conempates investing money There also
chances of losing for which the crooks not repo
ibe Protection from these be had only through know
dge of the business in which the investment planned and by
he exercise of sound business judgment He who has neither
this knowledge business ability will be best off if he keeps
his surplus money in savings bank
he above statements of simple truthsalmost axoms
how often they uneeded They apply to investments
generally
"We directly concerned with mining investments
ot through any direct interest in the but because without
hem the mining industry would still be about far advanced
it was during the stone age Also because mining invest
nent is wrongly looked upon by many gamble of the
worst sort.
"The fact that mining has become of the most import
ant industries of the world employs millions Of men, supports
many railroads. and pays millions of dollars in profits to men
who have invested their money in it, should be evidence
enough that it is not inherently gambling game.
The trouble not with the industry but with the investors
in the great majority of cases. The who buys mining
stock without knowing what represents does at his own
risk and he loses his money least fails to get the
ed dividends it is usually his fault and the blame should
not be laid to mining.
"There is of course risk in investing in mining prop
critics of undemonsrated WORTH but that risk be reduced
minimum by having the property examined and reported
IN by competent mining engineer 1t is we'll to mention that
ocaed mining eng not competent and for that
discrimination is necessary in selecting reliable
to make report Competence in mining engineer pre-
upposes technical knowledge broad experience sound uds
nent and high of honesty These qualities unor
naey not always found combined in single individual yet
here mining engineers in whom they are combined
md who available for consultation work 1t u.s. therefore
advisable before making investment in mining undertak
to ascertain whether not the property has been exam
ned by reputable engineer If it has, examine his report
nnutey If the report is favorable investment may be
made with comparative safety far the property itself
oncerned If the report unfavorabe the safest plan would
e to let the matter drop
here other factors to be taken into consideration
INVESTING in mining stocks besides the property Not the least