The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1919-10-10

way alone, can eastern capita, In
quantities great enough to thorough
v develop the vast resources of our
good mining territory, be secured.
There are several large combina-
tions which occasionally buy a deyel-
oped mine, but there is a period fol-
lowing discovery when deyelopment
must be done or the district will die
out. Development of a single enter
prise is generally too speculative to
attract when promoted by men whose
regulations will secure sufficient can
ital, but IL local organization will
make II It's business to secure a num-
per OF the most likely prospects in its
dlstrlct, and all the properties in all
the districts are grouped, then the in
vestors Will have the material advan-
tage OF the general law of average,
and this law is infallible.
A thorough investigation shows
that the east cannot understand why
bankers and business men, whose
prosperity depends upon the success
ful development of their districts, do
not show some interest toward assur-
ing investors Of fair and honest ef-
forts in this direction. The east re-
alizes that they have the money and
that the west has the opportunities,
put the side-stepping methods fol-
, lowed by the responsible men of the
west in connection with the manage
ment of financing the development of
their district has been a mystery.
| The truth is these men have allowed
: the promoter of ordinary type free
reign without regard for real devel-
: opment. Our country cannot grow
: without this development. Develop.
, ment is what We all want, but ordi-
narily development has been shifted
, to any promoter who could make
: such headway as he has made. The
results are only too obvious-devel-
: opment is practically at a standstill
today.
THE question the eastern investor
has had to answer for himself is:
9 Which proposition is legitimate and
! which one is rank fraud? The result
4 has been he could not tell. He lost
: steadily and no longer has much in.
I terest in any.
a There is current expression as
: follows:
: "'You won't get very far unless
: you go yourself
v is there mining district whose
business and mining men could MOI
). well afford to look after the genera
o supervision Of local operations in {
' business that can bring from $40, ,O0(
+ to $4,000 per month into that dis
! trict? II you lived in the east ant
=, had few dollars you could spar,
, each month wouldn't you think wei
d OF proposition which had under de
, velOpment number of properties
q out of which some paying mine
!. could be expected, especially IL the di
rection and management were in tn
= hands Of local people Of standing?
,r I'VE have plenty of statesmen in al
ar parts of the country; statesmen who's
u business is raising money; salesme
,e who can be hired by any strong OF
al ganization-plenty of men in tn
q north, east, south and west who ca
n. raise all the money we can legit
ID mately use for actual development
IN the investing public are given an as
bv surance that their money will b
he used that way. We have assurance
81 that permanent organization, capt
BILE of bringing in around two mi
d. lion dollars every month, can easil
,t- be built up. The plans for finanG
he which have been worked out and al
of proved by many men who know mal
hc the building of such an organizatiC
especially practical, but cooperatiC
no in management and participation
IN those who have interests in the di
a, tricts affected must be secured.
lry Money nowadays comes from Il
~ millions Of small investors. They a
nd willing enough to take reasonab
a. chances, but they demand honest al
on sincere management and chance
profit in accordance with the chanc
ate they take. The plans of this orga
an ization will give investors the prote
tha tion and the chance they demand.
'nS "All this is. complete reversal
or- past methods-organiZed distri(
mo owning and controlling promotio
oir owning a financial organization
,a,, stead of some outside interest owni
- and controlling the opportunities
no, our own country. Out OF all opel
IN tions some paying mines are bound
M be developed, just how many no m
,,.. can say, but it is safe to assume,
~ fact established records show, tt
No enough do develop to pay &c
eor- profit, even after wiping out the 10
ho es of those which are not succe
ont The plans Of financing this devel
tbe ment give to every investor the pr
och its in the successes regardless
'an where or when they are found,
, ra. furnish to the property owner m
ooo, ket for his property.
, of "The direct and indirect pro
.r,ot which come to all members OF I
M nau organization are attractive enough
~ secure a large membership. A
centage Of the money handled IS
.,on ways sure profit, another perez
..v .os,s age Of ownership in all mines de-
esus oped and still another percentage
w operating and assuring fair, SOU
:. na ~, deal, each alone is enough to m
y ~ membership desirable, but altoget
e'o" profit that no thinking man VIC
worry pass up.
'o.s Reciprocity, home trading
un home management are to be the
!. ~, 20 laws applying to every member
~ ~ - every district"
!. 1t Phoebe Ore Shipments for the "
man Ore shipments from Phoebe Tor
lOvN n l n