Elk City mining news. (Elk City, Idaho) 1903-1913, 1912-06-13
Entered at the Elf City, eIdaho. Post
office for transmission through the
mails as second-class matter.
Right Kind Of Bait for Suckers.

or Yule Tide in the cottage or in the
mansion, it is always the "open sea-
SON. when fishing for ,,suckers-and
suckers are always plentiful.
And yet, believe us, it is not every
one who is out with rod and line, that
is after this kind of game; although
there are those who firmly believe that
every mining company, seeking the
assistance of capital for the develop
ment and equipment Of its property,
Is bending its energies to the landing,
IN its net, of members of the sucker
family.
1t is only once in awhile that COM
pany is formed which, within its mem
bership, has ample capital for the ex-
ploiation of its claim or group of claims.
AS matter of fact, most of our bo-
nanza propositions of today were once
on the ragged edge for the wherewithal
for their development; and the majority
of them, but for the success attendant
upon the sale of treasury stock, would
now be but little more than prospects.
In seeking buyers of their treasury
stock these mining companies were not
angling for suckers, but we're making
overtures to capitalists and investors
that were based upon honest and legiti-
mate business principles. They made
this kind of proposition: eve own
what we believe to be promising and
valuable mineral ground. We lack the
means to develop the same as it should
be. Undeveloped it is practically
worthless. The indications are that
our prospects, if intelligently and eco
nomically worked, will eventually take
rank as regular producers and dividend
payers. Will you join hands with us
in the furtherance of this enterprise!
We will put up the property if you will
assist us with the necessary cash. II
we succeed we will all make our thous-
ands where we haXe expended hundreds
We believe we will succeed. If we fai
we are all in the same boat. This is
purely business venture.
No,9ne can consistently say that the
PRONUNCIATION of proposition of this
kind is merely a 'bait for suckers
Many, however, who have gone into
mining ventures Unfortunately. anc
who have not met with the success an
ticipated, are inclined to regard every
new mining company as fraud, pay
ing but little attention to the man,
marvellous successes chfphicled yearl,
in the annals of the mining history O.
this western country; and it is thi
class that "pass up" more opportuni
ties for safe and profitable investmen
in mining affairs than do men witt
evenly balanced minds who CAREFUL,
consider all sides of the question whel
invited to join. IN with some strictl
legitimate mining enterprise.
1t is too true that there are man
fake mining enterprises and companies
but these angle with such lurid bal
that nothing but a sucker would bite
but, sucker is a sucker, and no syn
pathy need be wasted upon him. Still
because there are fishers for sucker
and because the sucker will always tax
the bait, this is no reason why the ser
sible investor and capitalist shonl
fight shy of legitimate mining propos
tons and of companies desiring to di.
pose of treasury stock for the purpos
of developing mining property of mer
and acknowledged value. Were a
men to fight shy of mining because
sucker is hooked every now and thel
the result would be that many prospe
tive bonanzas would remain undevelol
ed and. unknown in the canyons az
hills of our vast mountain ranges. Al
yet it takes but small amount of i
telligence to. distinguish between Il
fake mining company-the fisher f
suckers and the genuine thing. Lur
advertisements, glowing promise
dividends guaranteed and millions a
sured comprise the different bats us
in angling for. suckers. A conserv
tive statement of facts and actual co
ditions are the, arguments used by Il
Legitimate seeker for assistance in Il
development and operation of mimi
proposition. 1t is legitimate to adve