The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1913-03-15
GOOD TIMES ARE
COMING IN MINES
Sentiment in Financial Centers
Turning Slowly to the In
Dead

A well known mining man has re-
turned 20 Salt Lake from a professional
visit to various important business n
financial centers of the country, q
he said Thursday that while there re-
NAMED some prejudice against mining
this feeling was growing less and less.
There has been a vast change in senti.
ment during the past six months, ne
said. and while people with money to
invest had not overlooked the results
of the wild orgy of validating that
Aourished prior to the 1907 panic days.
they were beginning to appreciate that
mining offers opportunities when prop
erly conducted that no other industry
presented.
To the Tribune he said:
The average investor is hard to ap-
proach on a mining proposition. The
industry has not escaped the muckraker
which was the logical result OF the
wild campaign of illegitimate promo
ton of a few years ago. found people
realizing the difficulties Of mining, yet
they know at the same time how gen
erous are the results when success once
Is achieved.
Investors Are Thinking
Investors are liable to size up q new
proposition to-day much more inteill-
gently than ever before. and in this lies
the most encouraging outlook for west
ern mines. The next movement forward
will be more of a business nature, and
the man with the legitimate prospect
willing to give the public a fair show
will find little difficulty in acquiring fl.
~nancial assistance.
Developing the average mine is be-
coming more difficult as the years go By
for the reason that the ground is pretty
we'll covered and the new proposition is
more likely to be distant from facilities.
The average investor is beginning to
hpDktClRto Wnhb ulHt0uOC " . "
means. He is beginning TO study the
physical as we'll as geological conditions.
He wants to know whether the ore like
ly is milling or shipping in character.
and if there is a known process for hand
ling the ore should il prove refractory.
When one considers the expense OF
developing a prospect, of the risks taken
under the most favorable circumstances,
whether ore can be marketed once it is
found, the railroad and smelling rates,
and the thousand other items OF expense
and risk incident to the business, taking
all this into consid GRAFTON in view of the
natural suspicion the East holds regard
ing mining. it readily is seer that the
more straightforward are the business
principles in volved handled, the more
chance u stands Of getting help. For
a year or more past men of means have
been reluctant to finance anything
The whole world has been under sus-
picion, bat the clouds are clearing away
one by one. slowly but surely. and there
is no getting round the fact that it is
easier to get an audience to-day than
six months age
No Boom Probable
l look for no insane mining boom,
no indiscriminate promotions and 6nan.
cinR. no inspiring hope of millions by
the mere display of an enormously rich
picked sample or ore. l look also for
the investor to see TO it that the money
he puts up will go into the ground hon-
estly. We are entering upon an invest.
ment era. not one of speculation. IL
Will be an era of ore finding and not
one OF showing wildcat stocks upon an
unsuspecting public. The public is not
u~nsuspecting any more. The nation.
wide determination to get back to a
sane and legitimate basis OF t~ransacting
business covers mine Financing also,
but 1t is going to be an ideal period for
the real. miner. the real developer of