The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1921-08-04
HINTS TO SPECTATORS
AND MINING INVESTORS
ADVICE THAT is STILL TIMELY
EVEN IN THESE MODERN
MINING DAYS.

The Mining and Scientific Press
prints the following taken from
Cornish book published in 1857:
1. Use eroat caution when a mine
is represented as being capable CT be-
ing commenced without machinery;
or as being able to be wrought with
IAN unusually small amount OF capt.
tai.
.. Refrain from any mine prOpos-
ed to be wrought by steam machinery
with less capital than e5OOO unless
You are fully satisfied by your own
personal examination. No mine ought
to be undertaken without the posi-
BILE resource of a surplus capital. Nine
out of ten mines which have been
cramped for capital have failed
g. BE cautious when the purser of
the mine is trader or shopkeeper.
Mining capital is useful to extend pri-
Nate trade. Look to the purser well,
lest he look to himself too we'll: lend
to him personally rather than indi-
rectly
4. Resident shareholders some
times take shares in a neighboring
project if it will drain their own mine
of water accumulated nj it, Beware
OF projects got up by such gentlemen.
8. Avoid mines of which the trad
ers in supplies have an agency, or in
which their special friends are strong
and numerous.
.. Avoid mines belonging wholly
to non resident shareholders and
which are left to the unchecked con-
troll of the purser and captain.
Z. Look well to the registry and
of shares, if entrusted to the
purser alone, by means of entries in
the cost book only
s. Avoid mines of any metal ex-
cept tin. the leases of which are in
or have been granted ex-
cept by the sett and signature of the
lords agent in the cost book.
g. The repute, skill and character
of the purser and captain of the mine
you invest in, are quite as important
to you as your skill in your own busi-
ness.
TO- Reference to an agent of I'M
certain character sometimes leads to
a depreciation in the concern you are
of, and a recommendation of
the concern he is thinking Of
II. What exactly suits the views
Of the mine agent may not exactly
suit yours.
10 - ie for ooeiar 20 mt 81, into
a mine than to get tin out of a mineS
and it is more likely that you will
lose c 100 than gain e1O.
13 To determine the number of
shares you will take in very prom
ising mine, first consult your wife,
then count your children, and lastly,
your household expenses.
H. 1t is just possible that the sam
pie ores you see in London or some
other city. have come from any mine
except the one projected, or offered
TO your consideration. Some sam
Piles have heen known to serve for
several mines
Is. As to foreign concerns, beware
IF wonderful reports and astonishing
1Btilllltil0 4NbN iOAB Siuttf SDllAt
most rich masses of copper were ex-
libited in London, and a company
projected A keen agent, being sent
mt to report, found no such wonder
al masses of copper. and limited that
more specimens had been brought to
he spot by the hand of man than the
land of nature
16. Before you invest, do not look
,ver a list of mines whose returns
ave been extraordinary; but reckon
lp the failures. BE sure to be par
ocular about these as they will most
Oncern you.
II. When you have invested. make
p your mind to lose; and then any
aims will be clear gains and pleasant
appointments.