The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1926-07-08
"WESTLAND TRAILS"
All rights reserved
(By II. C. REAGAN
CHAPTER SEVEN

day a meeting was held by body of
men who represented vast wealth and
who had invested in mines in South
America and Mexico, also the prin-
cipal gold, silver and copper mines in
the United States. They controlled
large banking interests. The meeting
being called to order, the chairman,
who represented the largest mining
and smelling interest, said,
Gentlemen, have been thinking
very hard lately over scheme where
by we could hold the mining industry
of this country in our hands at very
little cost, and we can also get valu-
able concessions and mineral land now
owned by people who have but little
money. Also we must control the
money of the public who have money
to invest in mines, and that money
must come our way only.
Mr.. Chairman, how is this to be
done?v
Easy enough. believe that man
has valuable mineral land and has no
capital to get out the ore should not
own it. 1t is simply a detriment to
progress-a dog in the manger."
"Mr. Chairman, are you not a little
radical in this ?"
Eyes, if you want to be sentimental.
The government eonfiscates land when
it desires to. We can suppress such
sections having mineral, to our advan-
tage, or depreciate good property that
we know of by keeping the public from
investing, or preventing railroads
from being built"
"Mr, Chairman, how will you con-
troll the investing public's money if
you don't have it,"
81 will have it for the particular
purpose of mine investment. Gentle
men, we must scare the public so that
they will not invest only in our
schemes You know that where one
makes a success he will have fol-
lowing. We have been successful in
our present strength, but the field is
large and there is still those who have
not played the game. There are new
fields that have not been discovered
We must control them. Publicity is
one of my weapons. You know that
mining is very alluring and has been
from the past ages. Stock companies
who sold stock without any mines be-
hind it. We will keep in touch with al
failures in wild cat schemes. See that
these get into the press, and before
the public. Have our press agents fol.
low this up with advice to the public
to invest their money in our com
panies, pointing out to them our sue.
cess. See that these get among the
farming districts in all States where
the bulk of our good money will come
FROM"
"Mr. Chairman, what will you dc
with the private investor who woulo
syndicate their capital with a pro-
moter?"
eve, or a broker must control those
fellows. By them off. Get something
on them. Send our confidential agents
in among them. See what strength
they have financially. If they have
been in any schemes that have failec
you have card for the public. Estab
fish our own brokers and promoters
whose business will be to discourage
all mine owners who have mines tt
develop and discourage any investors
who seek to invest outside of our de.
velopments."
Glow shall we discourage the mar
who thinks he has valuable mine anc
who has developed it to show it's
worth? How shall we overcome his
ambition?"
"Well, sir, / have that worked out If
this manner. You know that we car
make such conditions and demand that
they be fulfilled. We will demand that
they supply us with an engineers re.
port in full, also an assay report show.
ing the values about every five feet II
the vein, also we will demand an esti-
mate of the tonnage in sight OF
amount blocked out. Of course you
understand this is good engineering
The average owner and prospec5ol
cannot pay for such report, and We
will educate the public not to invest
unless he can be furnished with such
a report. Banks, you know, do moi
invest in mines unless the mine is or
a paying basis and in operation. Tn.
der these conditions, gentlemen, the
man who owns mineral land mus
show us at his expense that he has
something, and bring it to such stage