Gilpin observer., 1912-12-12

| ouSlHtsS, Is HOIllnS more nor less
chan the application of business in
teatgence, SKILL and experience, to-
gether with requisite capital, to con-
ddtions OF earth and rock favorable
to the production of the precious
metals. The history of every mining
camp is that MINES ARE MADE
RATHER THAN FOUND. The loca-
ton of promising claim, the publi-
| cation of extravagant assays from
surface diggings, do not make a mine
nor yield returns to investors. In
every mining camp are found mines,
that frequently are the best and most
valuable there, which at some early
| stage in their history were operated
by novices, not alone in intelligent
mining, but also in practical business
affairs. They could find surface indi-
cations, locate the vein and make the
beginning of the mine, but they fail
ed in the crucial test of properly and
judiciously expending their capital
After struggling along the property
has passed into the hands of practi-
cal business men, who have, under
careful management, made a profit
able mine where the novice had fail
ed entirely. The requisites of success
ful mining are not alone in possess
ing the Veins containing the precious
| minerals, but also the knowledge and
skill Of how to best develop the prop
| erty for the economical working of
1t as a LEGITIMATE BUSINESS
PROPOSITION. The successful man
agement of a mine requires the same
business qualifications as are neces-
sary to conduct a prosperous manu-
featuring enterprise or mercantile bus
mess, and no other business can
possibly offer such inducements to
investors as gold mining when prop
erly conducted, and surely no mercan-
tile business, no manufacturing en-
terprise, offers such an attractive
field for large, steady dividends.
Panics do not affect gold mining. The
tariff makes no change in its steady,
increasing profits. Political parties
may come and go, but the price of
gold re1nains the same, while science
and improved machinery constantly
reduce the cost of production.
The old idea that mining is a lot
terry and matter of chance, has
been exploded in the past few years,
and it is now regarded by sensible
people as a safe, legitimate and prof
table investment, when care and
good management are applied to it
as in other lines of business.
The following facts are worth con-
sidering:
The demand for gold is unlimited.
The product of a gold mine is at
once marketable.
The selling price is fixed by law
at s20.67 per ounce.
The cost of production is being re-
duced yearly.
The business of gold mining is free
from competition.
Panics do not affect the yield of a
gold mine.
A true fissure vein will produce
without limit.
| No business on earth offers such
inducement to capital.
No industry yet known pays so
enormously.
But the development of a mine nee
essitates perseverance and patience,
and INVESTORS MUST NOT EN-
PECT FABULOUS RETURNS IN A
FEW MINUTES. 1t takes thine to
put down deep shafts and run levels,
crosscuts and drifts through solid
rock, and set up hosting and pump
ing machinery; and reduction plants
cannot be built and put in operation
in few days. 1t must also be remem
bered that sometimes the money with
which to do these things comes slow.
A vein may be as rich as the pro-
verbal king Solomon's Mines" but
without sufficient capital to develop
and work 1t, it might as we'll be at
the bottom of the sea for all the good
1t will do anybody. And. with capital,
it is a long distance between pros
pect. and mine. and this distance
must be bridged by skill, forethought
care and hard work, but when the
mine is made It becomes "A JOY
FOREVER" - to these who have
furnished the capital and done the
work.