The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1917-01-18
INVEST DON'T GAMBLE
LESSON OF RECENT PAST
..oAiyzEp STOCK MARKET BUT
DID NOT HURT MINING
INDUSTRY.

rvrerience gained during the past
ueeks by numerous purchasers of
mining shares has taught a lesson OF
-. vaIue to the investing public
Pa has turned the tide of investment
s,nds toward the west, says the Den
-. Mining Record. Many investors
"a sneculators have learned from
s,tter experience and financial loss
.nat there is all the difference in the
',or,d between gambling in shares of
aiming companies and investing funds
n the mining industry. The loss of
h,ndreds of thousands of dollars
through the wiping out of margin ac-
oo,nts has been a lesson that the
public will not soon forget. The man
,nulation of share prices to the finan-
cial disaster of hundreds of weakly
nargined accounts has proved a
boomerang to stock market gamblers.
Those who lost their money in the
brokerage offices of Broad, State or
wall streets will never again gamble
with fortune in those financial thor
oughfares. The burnt child breads the
fire. Out west there is sufficient gam
ble with Mother Nature holding the
cards but why go up against a stack
ed deck?
The Record is glad to say that there
are a number of the old-time broker
age firms dealing in shares listed on
the eastern exchanges that are Who'll
" reliable. There are any number Of
new firms, however, that have been
ORGANIZED only to take advantage OF
the exceptional stock market activity
of the present. These are the firms
that should be Stunned. These new
corners will be out. of business when
our great prosperity of today resumes
a normal condition. The investor or
Spectator having business relations
with these get-rich- quick, fly-by-
night brokerage firms is sure to suf-
fer a financial loss. 1t is like at
tempting to beat a crooked roulette
wheel. 1t can't be done.
The mining stocks listed on the
stock exchanges of the east and the
west represent some of the greatest
mining properties in the Rocky noun
tain country. Every one Of these
great dividend earning enterprises
was at one time a prospect and some
of them bore the reputation Of being
wildcats in their early history. How
ever they were developed by the funds
of the small investor in their early
stages and in most cases were on the
shipping list long before the stock
gambling fraternity ever heard of
them. The small investors who put
their shoulders to the wheel and help
ed to develop the dividend payers eof
the western mining camps have made
great fortunes from the enhancement
in market value of their shares and
the dividend disbursements from the
properties They invested their funds
and stuck to the ship. The stickers
in any enterprise are the winners In
the end. The cutters always lose.
There are many good prospect min
ing shares and stocks in new oil COM
panies of merit being offered to the
public at the present time Many or
these stocks will make good in big
way and the investor of today who is
wise will place his idle funds in care
fully selected stocks Of this nature. II
the company Is a success the invest
or in prospect shares makes Dig
winning something worth while. The
early investors in the dividend paying
mining and oil enterprises of the pres
ent day are wealthy beyond their
fondest dreams.
Don't buy stocks on margin. Buy
stocks outright for cash and have
your broker ship the certificates to
your bank with draft attached. Be
ware of brokers offering stocks on in
stallment payments. This method of
purchase is all right if you are abso-
lutely sure that the broker you are
dealing with will make delivery OF
your shares when you have complet-
ed payments. Be sure and read the
decision of Federal Judge Lewis. This
decision might be made to apply to
installment buying stocks as well as
margin trading.
The investor is wise who buys
treasury stock direct from good
mining or oil company and holds the
stock for dividends. This investor
does not have the sleepless nights OF
the stock gambler.