The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1917-02-08
Buying Mining Stock.

Buying Mining STOCK.
Playing poker with the deuces run
ming wild is an exhilerating sort OF
amusement. 1t offers infinite possibili-
ties for the gambler. He can make 1T.
lust as expensive as he wants to. 1t
he wants to wager cent he may be
able to satisfy his desire for gaming.
If he wants to put the limit on the
roof Of the building he. has that chance
but he knows all the time that it is q
gamble. The recent sale of the prop
critics of local mining company has
lot of food for reflection in it. Buy
ing gold mining stock may be a little
better than playing poker with the
deuces running wild, but it is not much
better. The promotion of mines and
mining is one of the most pre-
valent forms of gambling known
to modern business More "stuff that
dreams are made on" has come out
Of the minds of the promoters of gold
mines than out of any other kind
Of modern promotion.
"a
'ET&iner." The only trouble of it all
is that most of the movements never
get to the fascinating stage, Most
mining propositions never get past the
place where the promotion is over and
the actual work of mining starts.
When it really starts the small stock
holder usually finds that he is frozen
out by the coming of the big fellow
who is willing to pay pittanee for
stock The small stakeholder, who has
been hanging on by thread, unwill-
ing to send good money after bad, usu-
ally accepts the best offer he gets and
charges the loss off to experience or
puts what little he gets away into
special pocket to pull it out and put
into service again just as soon as an
other promoter comes along with more
stuff that dreams have been made on,
True, fortunes have been made from
mines, but if the fortunes made could
be put over against the fortunes lost
the profits would be decidedly small in
comparison with the losses
Playing the other man s game is
rarely profitable business and knowl-
edge of the mine and mining is the
first attribute of success when it comes
to taking the precious metals from the
ground. The proposition Of the pro-
moter is ever alluring Some times it
states few facts, but these are usu-
ally so interviewer with many fancies
that it is impossible for the man I'M
skilled in mining to select the fact
from the fancy and usually when he
buys he buys the expectations rather
than the real things that the promoter
has to offer. The gambling spirit in
every man and woman makes easy the
path of the promoter. He lives on it
gambling spirit in one community he
hurries away to greener pastures where
the people are still waiting to take
chance. Getting something for nothing
is not to be counted on in the hard
headed modern business world. With
the money there is in the country today
there is no reason to suspect that any
valuable stock is going out searching
for a purchaser. The only stock that
is offered to the small investor is
"chance stock" The promoter plays
a winning game all the time because
he has the "kitty" The kitty usu-
ally gets the largest proportion of the
money paid IN by the men who want
to take the chance. Every promoter is
doing business on your money and
mine and in these ventures where the
stock is sold to the general public he is
about the only sure thing playing.
The possibilities of riches from
stock purchases is decidedly remote
and the chances of wealth from sys-
tematic saving are infinitely greater
IL the money that Kenosha has in
vested in worthless stocks could have
been earning in the savings banks the
interest on it, by this time would have
been enough to pay the city debt. If
you want to gamble play poker, but
don t play game where you never
get a chance to deal the cards. 1T is
more exciting and you do not have to
wait nearly so long to count your gains
or losses. At any rate you are going
to have fairly even chance with the
man who deals. If he is a crooked
dealer you can eliminate him from the
game. The crooked promoter will
never be eliminated from the world Of
stock gambling until all the lambs
have been shorn for he is as neces
sary to the game as the deuces which
run wild in poker