The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1917-11-01
INVESTMENT IN MINES
WITH PUBLIC
CHANGE IN ATTITUDE OF EAST.
ERIN CAPITAL TOWARD MIN
ING AND THE CAUSE.

The outstanding feature of the in
yestment world during the past sew
eraI months has been the exalted po-
sition attained by the securities rep
resenting dividend paying mining and
oil enterprises, says an eastern finan-
cial publication,
Down in the exclusive banking and
financial circles of Wall street in New
York and State street in Boston. where
few years ago oil stocks and mining
stocks, with few exceptions. were con-
sidered in the same class with confed-
crate money or the offerings Of con-
fidence men, there has been grand
awakening.
| without the financial assistance Of
the banks or the life insurance COM
panies. the western miner, through his
partnership with Dame Nature and the
small investor, has been able to change
the entire standard of investment val
ues.
A few years ago it would have been
considered a sacrilege in investment
circles to have mentioned mining
stocks or oil stocks in the same breath
with railroad stocks or bonds. OF
course, oil stocks with the Rockefeller
brand attached or mining stocks pro-
NOTED by old line investment houses
of New York, Boston or Philadelphia
were admitted reluctantly 70 the inner
circles of this far east financial exclu-
siveness, but as general rule the
western man seeking development
funds for mining enterprises came
home disappointed.
Investors Investigate First
A kept financial press did it's utmost
to keep investors away from mining
shares so that their savings would be
used in the purchase of low interest
bearing mortgage bonds.
Every selfish scheme known to the
financial underworld was employed to
blacken mining investments and to
keep the small investor satisfied with
the small interest payments of savings
banks and bond issues.
But the small investor. was not salts
fled with his lot and when he started
an investigation on his own account he
found that the mines were paying divi-
dends of 10. 20, so or 100 per cent and
even higher
Learning these facts he prepared to
dip in theSfnancial sea, but before TAX
ing the dip he adopted "safety-first"
principles.
He learned to investigate
He learned to pick the good from
the bad.
The result is that today thousands
of brainy, ambitious Americans are
lined up solidly behind the mining in
dustry and are ready at all times to
place portion of their savings with
the aggressive operators who are op-
ening new properties.
Mining stocks are now enjoying a
greater demand than ever before in
our financial history. Railroad stocks
on the big New York exchange have
taken a back seat as compared with
the popularity of mining shares.
! Shares representing the gold, silver,
copper. lead and other metal produc-
ers of the Rocky mountain country as
well as the oil shares Of the east and
west are paying such high rate of
dividends that the shares of companies
In other lines of endeavor have lost
their charm.
All Mines Once Prospects.
1t should always be remembered
that every mine was once a prospect.
But faint heart never won fair lady.
Cripple creek in 1891 was COW
pasture.
The mines Of Tonopah and the oil
wells of Wyoming would still be I'M
discovered if few venturesome spirits
had not called the attention of inves-
tors to these opportunities.
1t took several years work and the
expenditure of hundreds Of thousands
of dollars to make the United Verde
Extension the bonanza red metal, mil
lionaire maker that it Is today. And
the lucky investors in this stock who
bought their shares around so cents,
If they held on, can sell today at
around $40 per share.
This is only one of hundreds of
wealth producers that have been de-
yeloped during the past few years.
Be the early Bird"
The prospect of today is the divi,
dend payer of tomorrow.
Investors of the nation have the
worlds greatest riches at their call |
Already bonanza mines have been de-
veloped by the scores in this great
western mineral empire
These big properties are now paying |
of millions of dollars each |
year in dividends. Their shares are
selling at high prices. They are ex-
cellent investments,
To get the full measure of profits,
the investor must be the early bird"
Prospect stocks selling at low figures,
while much more speculative, provide
funds for the development Of new
mines and afford the small investor
his opportunity for exceptional profits.
Proepacfc doya1apad iuto ,,,tuao