The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-03-30
LOOK BEFORE you LEAP WHEN
BUYING MINING STOCK.

BUYING MINING eTock.
The Miner believes that the Coeu
d'Alene mining district offers the bes
opportunity for both the Speculation
and investor in mining stocks. The
district has reached it's high standing
as a mineral producer strictly on itS
merits, and we believe that a fair in
vestigation win show that the losses
through mining ventures have beer
far less than those of any other dis
trict in the west as compared with the
extent of mining operations. And 1t Is
much to the credit of the Occur
dAlene district that the losses have
with few exceptions been incurred In
an honest and intelligent effort to de-
velop mining property and after full
information had been given of the
property, the plans of the company,
and without minimizing the risks in
separable to mining. 1t Is this system
of raising money for mining purposes,
together with the wonderful success
that has been achieved in the pay
ment of dividends, that has made the
Occur d'Alene district the safest as
we'll as the most promising field for
mining investment. However, the en-
syiable reputation enjoyed by the dis
trict may be easily marred by few
ill-conceived mining promotions, and
at this time when speculation in min
ing stocks is at high tide and new de-
velopment companies are being
launched, the tendency in some quar-
ters is to make exaggerated and at
times absolutely false statements in
order to induce people to part with
their money. Every citizen of this dis
trict who has the permanent welfare
of the mining industry at heart must
discountenance and condemn such
methods.
Besides to misstate the facts re-
-garding the affairs of a mining cor
poration, or any other corporation for
that matter, is not only morally
wrong, but it is violation of a strin
gent law of the state which makes it
a felony and subject to severe punish
ment. In spite of this, there are brok
ers and promoters who are publishing
statements in outside newspapers
which are perilously hear to being
caught in the meshes of this law
Again, treasury stock is being urged
upon the public the proceeds from
the sale of which is supposed to be
used for the development of the prop
critics of the companies offering it, An
will sometimes disclose :
that while the property is one that
fully justifies the expenditure of the =
money for its development, the price
asked for treasury stock is far too q
high and more than an experienced .
mining man would pay. Further in
festigation might not prove, but it :
would probably go a long way toward Z
one who insisted on know
ng, that the big end of funds derived L
rom the sale of the stock would find =
Is way to the pocket of the promoter l
md only the small end would go into L
he ground to develop the property. e
These are matters upon which every
purchaser of mining stock should in
list upon having full information He
hould verify statements in prospect
SEES and newspaper advertisements
efore parting with his money, and he
hould also determine whether or not
II the money derived from the sale of
stock would be used for the
and development of the
allowing only reasonable
,mmission to the middle man for
lling the stock.
m