Gilpin observer., 1917-06-21
BARGAINING IN PROSPECTS

There are ever to be found plenty
of mining properties open to option.
Many prospectcrs hold onto their un-
developed claims year after year, an
nuaaly anticipating deals that will
adequately reward them for their
hard efforts. But succeeding seasons
come and go, the miners remain sat
isfied that they ar justified in de-
Ginning TO sell upon the terms they
have been offered, the properties po-
tentialfties remain problems for fu-
talre Investigations, and the rest of
the mining fraternity discusses the
merits of each case.
1T takes two to make bargain"
-nct whit less in mining deals
than in transactions covering any OH
er sorts of property or commodity.
But why is it that with SO many
thousands of prospects awaiting the
injection of capital, no more deals are
made? 1t is true that relatively very
few Of the known prospects will
stand up to representations when
they are duly inspected by reliable
engineers The majority of the Of
ferings will not survive even a ''once
over" notwithstanding the owners
fondest and most sincere beliefs.
There are. however, many really at
tractive properties throughout the
country that will Withstand rigid ex-
animation as to merits but which
are prevented from entering the list
of producing mines merely through
the failure of owners and prospective
purchasers to reach agreement. Each
such misdeal is an error unto itself;
but, upon impartial analysis, criticism
may be charged, usually, against both
vendor and buyer.
Capital always seeks to drive
hard bargain. The owner of prop
erty is always stubborn, being pre-
JUDGED against investors and suspic-
ious whenever overtures are made to
him. Both sides should learn to bet
ter appreciate the opposite view
points. If this could be brought about
the buyer recognizing the hard toll
and hardships endured by the miner
or prospector; the seller realizing
that the men who buy are undertake
ing the expensive task of making
mine-many more transactions would
result.
The Mining American urges it's
readers to act according to this sug-
gestiOn. This is the time of year
when negotiations for the .saie-pur-
chase of mining property usually be-
gin. The 1917 open season in many
Of our mining districts may prove
brief, owing to the unusually late
spring. However, there win Re abund-
amce of time and opportunity for the
elimination of many deals. Because
of the promise Of continued strength
In the market fer metals purchasers
can be found for every mertorious
mime, providing the owners are open
minded enough to accept reasonable
terms.
Prospectors, Sell what you hold and
set about the discovery of other
mines. If prospecting is your occu-
patton, make 1t business-ldlke by con-
verting your holdings into cash. Then
repeat the process next year. Have
tangible results to show for each sea-
sons labors. You will find 1t pays.
Better a half loaf than no bread at
all.
Investors. be ready to pay what
your engineer reports a property to
be worth. Do not bicker and try to
get It for half Its value. Every deal
you lose in the next few months will
mean whole years delay in taking
advantage of strong market condi-
tons.
Get together! Make deals. Let
the mining industry feel the impulse
that will result!-Mining American.
Tenn Reilly and Thomas j. Reilly,