Tombstone epitaph., 1921-10-23
us THERE A MINING BOOM NEAR?"

Under the above heading the Oatman Mining News
OF Oatman, Arizona prints the following:
lis it fact that the great west is moving in the
general direction of mining boom! Day after day
from every state in the union comes the most encoura
ing evidence that such is the There various
kinds of bOoms. There bOOms in production and
booms in stock selling, and the are not necessarily
very closely related
But the truth of the matter is that throughout the
Rocky Mountain region today there is prospecting
and more development of prospects small scale than
the has known for a great many years If one
simply judges by the physical aspects. it be said
that the mining states of the getting ready for
great production BOOM for it has the proven ground
that only awaits increased forces of and ample funds
TO set things humming.
From the viewpoint of capital there have been two
major obstacles to large development workhgh wages
and low price of the product but the labor
has been modified and efficiency increased and
kets have shown improvement in respects and
working towards improvement in other ways. Freight
rates alone remain the chief stumbling block in the way
of still greater Improvement
Gold mining for time 10 come seems 10 be the
one bright hope Of the metal mining industry The price
OF the product Is assured All the unfavOrabe conditions
resulting from wartime prices which crippled the gold
mining industry for the past five slowly but
surely melting away. More and more. as time goes on
serious minded fully understand if the world
continue on gold basis ii must have gold. Our
holds at present 46 per Of all the known
gold in the world. How much of that actually is
another question
Silver is another metal that is bound to be in hi.
demand especially the great populations Of the
Far East lose confidence in the paper money of Europe
1t lack Of confidence that compelled England 10
borrow three hundred million silver dollars from the
United States time when the people of India believed
Germany winning the The danger is
confronting the European nations The people of the Far
East with greater population than Europe and the Am
ercan continent put together demanding payment i'll
silver gold They pay in gold and if the demand
becomes nsstent they will not be able pay in sill
The prophets cannot point TO the exact hour when
the people throughout the land will their hind
feet and demand greater production of the precious
metals but those prophets know. and every thoughtful
person knows that just the people
their obligations they will lend their aid TO creating
the greatest gold mining activity the has witnessed
IN many Years.
Mining booms much the product OF the hui
mind Of any other factor The three things
tia to such BOOM the belief that boom is coming:
ond the absolute and unmisakable evidence of produc
ton that spells dividends third favorable conditions for
obtaining sufficient funds to search for and develop
mines In looking the situation il would appear that
all these factors looming in sight. and while there
may be any mines discovered that will the
lie with the word boom the conservative will
cede there is coming long period of greater gold produc
ton.
1T must be remembered that We Twin" IN new
times. and and younger generation has the stage
They don't know much and less about old booms
of other days They interested in what happened
in Virginia City the Klondke. What they want to
know is. whats going to happen now They have lin
gerng suspicion the you talk of the old bonanzas
and the grand rush get rich. the less chance there
10 get rich your bonanza
MAPv,S LAMP