Elk City mining news. (Elk City, Idaho) 1903-1913, 1912-07-11
Good Business.

, 1t is good business for the claim
holder to sell when he can make few
thousand in the clear
1t is good business, with the metal
market as strong as it is, for the mine
owner to get busy and open up his
property. no matter whether productive
of gold, silver, lead or zinc.
1t is good business, on the part of
the prospector, to ship in the few tons
of ore he has on the dump. The pro-
ceeds will help him along in the further
development. of his property; and, at
any shot, it may develop into bo-
nanza. $685.
1t is good business to give favorable
working leases on any property that
the company or owner is not in position
to operate successfully. A leaser can
often work at profit where COM
pany would be overwhelmed by ex-
pense; and many properties under the
leasing system have been placed on the
producing list which were failures
under company management. a.,
1t is good business to tell the truth to
intending purchasers. And the truth
should be good enough to satisfy al
most any buyer who does not expect to
find $2O-gold pieces in the mine work
ings.
1t is good business to do considerable
intelligent surface prospecting before
beginning permanent workings in the
way of mine development. A 100foot
shaft 500 feet away from the ledge or
vein is useless, and cannot even be cut
up and used for post-holes.
1t is good business to know some
thing about mining property and its
management before investing in the
stock of any mining company. Fancy
looking stock certificates may appeal
to the eye but, in nlnety-nine cases out
of a hundred do. not reflect the intrinstic
value of the property they are supposed
to represent.
1t is good business to assay every
thing going over the dump. 1t often
happens that the waste is being shipped
while the really high-grade ore is
thrown away. Consistent assaying is
often the missing link between success
and failure.
e@ 1t is good business for the mine man.
ager and owner tp get in plenty of sup
plies and provisions while the roads are
good and when the weather is pleasant.
A shortage of powder, fuel or pro-
visions, at time when the roads are
impossible, will likely cause temper.
airy close-down that will dissipate all Of
the net earnings for months. u
1t is good business to employ expert
epeed miners rather than inexperienced
men and hay shovelers; for, in the end
It is more profitable to have the former
in your employ at SIS day, than two O.
the latter at So each.
1t is good business to open up a min.
50 that it will show 100000 in ore il
its workings. But, do not ask $50,
900 for it. GIVE the othel fellow
chance, for it will cost him something
to mine the ore, something for trans
portation, and something for smelling
You will get off handsomely if you re
$4,000 for the property.
1t is good business for man Of SOM
means to ACQUIRE mining property IN,
engage in its development. He ma,
make a fortune. But, before buyiri
he should get the opinion of some e.,
perienced and disinterested mininj
man. The mining man surely shout
know the possibilities of a good pros
pect. The intended buyer knows moth
ing plus O.
1t is good business for everyone i
any way interested in mining TO be
constant reader of mining publications
They are all good. Salt Lake Mimi
Review.