The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1914-03-19
MONEY MADE IN MINES
RE|hVEsTED N MINES
GROWING TENDENCY SHOWING
PUBLIC CONFIDENCE IN
MINING INDUSTRY. g

gea
One noteworthy feature of the min
ing business as now conducted Is the
great and growing tendency OF sue
cessful operators to reinvest liberal
share of their profits in the industry
that earns them, says the Mining Rec
ord
This has always been typical OF
British methods and Engllshmen, be-
cause Of the very considerable portion
Of common or horse sense they mix
with their everyday affairs, have been
notably successful in their mining OPP
erations In all parts Of the world.
The average American. however, is
a gambler. If he wins in any specu-
lation he is more likely to try some
thing else than he Is to sanely, sober
ly and deliberately study out just why
he won-and then do 1t again.
Looking back over the past few
years, 1t is interesting to analyze the
antipathy which has prevailed against
the mining industry and try to under
stand It.
Romance Of Mining.
In the first place, 1t was in the way
of being an accident that mining was
elected to be the goat" The enorm-
GUS profit possibilities and earning
power of the business naturally APP
peal to every red blooded man. The
fact that mining Is ordinarily carried
on among the Ito the eastern citizen,
in continual enjoyment Of the COM
forts of home) romantic surroundings
of "the far places" seems to add just
the necessary tinge Of excitement.
A trip to the mine marks an epoch
in the life of the average investor. TO
be sure, the trip Is usually undertaken
at the pleasantest time of the year and
Is made enjoyable by all the portable
luxuries conceivable, but at that time
II has all the earmarks Of an advent
ure. and while the gentleman who is
skilled in making or selling nails or
pants or laws or any Of the other
lneedful products of civilization doesn't
in the least know the difference be-
/. tween raw gold and pyrite-his pref
erence usually being the latter on ac-
count Of the sparkle--he absorbs
everything he sees and hears and goes
home after few days with a system
full Of perfectly good visions Of imme-
date affluence.
Effects Of Winning and Losing.
Ultimately, II he wins, he invests
every dollar coming to him from the
mine In city real etsate or some equal
ly safe" security, and felcitates him
self on having escaped being stung!
Also he takes much credit to HIM
self for his perspicacity.
II he doesn't win he at once joins
the order OF perpetual knockers. and
thereafter goes out of his way to sre-
vile every mining chance he gets, and
failing to get the chance, he makes
one! ~
However. just for chanve, concede
that he wins; many actually do! The
intelligent. reasonable. successful way
to advance the interests of any BUSH
ness Is to study its requirements, as
certain what helps and what binders
1t, put the right management in charge
OF 1t and then cooperate with thai
management. supporting 1t both NOR
ally and with real money.
Listen to Mon Who Are Paid to Know.
When results begin to show and
profits accumulate, consult the man
agement regarding betterments; heed
and adopt suggestions from the men
to whom salaries are paid because
they do know; set aside reasonable
share of the earnings for develop
ment fund instead of allowing the in
dividend account to absorb
every available dollar and keep the
treasury so chronieally
empty that the knots in its bottom
planks are constantly visible.
Mining Safe and Profitable.
With this sort Of treatment almost
my mine deserving the name will pay
and before long oppor-
unity will occur whereby another
can be added to the COM
,anys possessions. Handle this the I
same way as the original undertaking
vas fostered and presently the stock
holders will blossom out as magnates.
This Is by no means an illusion. 1t
las been done very many times; it is
'eing done now. and. as previously
tated, one Of the most gratifying fea-
ures Of the mining industry today is
he better understanding, the growing
and appreciation of the
act that these things are true and
hat mining. pursued according to
hese methods, is one of the most en-
rely safe, satisfactory and profitable
ines Of human endeavor.