Yerington times. [volume] (Yerington, Nev.) 1907-1932, 1913-08-30
LITTLE MONEY FOR BUYING
PROSPECTS.

Any amount of money is in bank in
inyetment in mining enterprises. TINS
might be cheerful news but Tor the
fact that this coin oil the realm is likely
to stay under lock and key for long
time to come; or most OF it, and Tor
the reason that the owners OF this
wealth want 10 let it out of hook under
one condition only, and this is for the
purchase OF big and promising mines.
In order to expedite this investment
the capitalistic holders OF the money
in question have had many experts out
in the hills examining mining prop
critics which have been placed upon
the bargain counter Thousands upon
thousands have been expended in ex-
aiming properties claimed to be just
what the investor wanted, and hun
dreds upon hundreds OF mines have
been visited and inspected; and all to
no purpose for, as general rule,
big and producing mine, II at all at
tractive. is not for sale, unless at a
fabulous price and if offered at a hg
ure supposed to be reasonable, it is
found to be worth much less than rep
resented. And so the months and years
roll by. and it is only at rare intervals
that the sale of really big and pro
ducing mine is recorded, And the
money stays in the vaults, and is likely
to remain there until the really big
and productive mines are exhausted.
Then. and possibly not until then, the
thousands OF promising and meritori-
Gus prospects will receive the recog
milton they deserve.
1t used to be that good prospects
were in active demand. Such is not
the case now. however, and il must
be rare and rich find that will be
able to cause any excitement III min
ing circles at the present time. And
yet it is to the prospects OF today that
we must look for the big and produc
ing mines OF tomorrow. The good
prospects. as a matter of fact, should
be more attractive than an old pro
Queer and for the reason that its as
sets are intact and have not been dis
sipated by production If it has mil
lion or more in ore within its enviorn-
ments. practically untouched or undi
minished. il certainly is worth more
than a proposition that was once in
possession of million or more. but
from whose resources possibly half a
million has been taken during the pro
cess of mine development and opera
ton. And yet the tendency of tn,
times is to buy developed mines and
ignore the prospects; a peculiar phase
of this condition being that. in max
ing exhaustive examination OF mines
already developed. the expense in
CURED would. in many instances, de
velop a prospect, which could be
bought at nominal figure, into pro-
Queer fully as valuable as the one
under inspection, and which is held
at a figure a thousand times greater
than that which the prospect could be
purchased.
1t is pity that investing capital is
not paying more attention TO valuable
and meritorious prospects, prospects
which are generally held by needy
claim holders who can develop them
only in a spasmodic manner, and who
may hold them for many years before
they can be. listed as even occasional
producers. The hills are full Of prop
ositions of this kind which need only
small amount OF money, compare
| lively, and a few hundred feet OF in
telligent and systematic development
in order that they may take rank as
regular producers and regular divi-
dend-payers. The claim owner, after
years of toll and hardships, may
eventually develop his prospects into
bonanza mine. Why should he sell
II them lie is on easy street and can
! take out his velvet" as we'll as could
| the capitalist who is out after just
/ such propositions but who is not will
ing to pay the price.
1t is the development of the pros
pect. and not the sale of producing
mines. that means prosperity to this
western country, and we may look for
more activity in mining when capital
realizes the fact that, after all, more
! money can be made in the acquisition