The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1912-01-11
TRY GRUBSTAKE IN NEVADA
Says Company Organized to Keep Men
in Field Will Pay Large
Dividends.

The benefits derived by the state Of Colorado from the
free snMtake campaign organized by the Denver chamber
commerce, and which had for its object more thorough pros
pecting Of the mineral bearing regions of the state appear
not TO have unnoced by other sections of the country
ard according to Salt Lake paper pr,inent mining .la
out III Nevada trying to start similar movement The
ticle says:
Over IN Colorado the grubstake proposition as taken IN
by the commercial club OF Denver has proven s, success,
that the idea is beginning take root in other parts Of the
country. Out in Nevada Mark Walser prominent mining
man and corporation lawyer 1is state notwithand
ing It's millions paid yearly in dividends it's thousands of me
working at big wages it's constant succession of mining dis
roverles IS without recognized mining center There is NJ
place in the state where contemplating investor can Obtain
general and reliable information of the various districts an
no place where lucky prospecor list his strike in the
hope of finding buyer To this condition possible
but the movement must be statewide and liberal in it's scop
and spirit.
Mines found by the prospector who is invariably
poor man laborng Tar from the comforts of civilization Otter
scant allowance of food and always at personal risk
successful in his search he must wait for months even year
to realize he possesses neither the influence the bust
ness knowledge to finance his property quicker must wal
until chance brings the opportunity In addition this he
often the of the INSCRIPTIONS and deraued til,
richer his strike and the helpless his condition the great
his danger
81 suggest the incorporation of a Nevada Grulsakne
and Prospectors Protective association says Mr. Waser
with capitalization of 100000 divided into 10000 shares
the value OF $40 The stock to be assessae The
affairs of the association be managed by board Of direct
selected by the stockholders The association to have al
executive committee and financial committee to handle
all financial matters The salared employees of the
ton to be clerk enographer and mining engineer
In each county Of the state the association to have local repre-
sentaves in charge of it's business in that county.
The sole business of the association be the location
and discovery of mines through pospecor and their sale
investors. AS rapidly money accumuates rom stock sub
scrptons prosectors selected solely for their fitness and
reliability to be outted for operating in different counties
The method of selecting pospectors to be such that only trust
worthy competent and reliable men will be used and te
selection to be made only by the county representative who
also directs their operations The associations contract will
the prospector being that it will outfit two and suppl,
them with grub and mine supplies for period Of
becomes half in any property located during tina
time
"When discovery has been made and enough develop
work done to show the character and worth of the strike
the prospecor reports his county representative who