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Page: of 90
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the conversation some ideas that might be of interest to
the investor were brought out. At any rate they are
worth the space because they will indicate the trend of
sentiment in the home of the property and the home of
the company.
“Well, what are you going to do with the money ?”
asked one fellow.
“Tam going to give him a good run for his money,”
was the reply.
“What have you got?”
“\Will ———, the fellow who has been working the
claim up in the San Juan section has opened up
two-ounce ore in a sixty-foot shaft. He begins to need
machinery now and hasn’t a dollar to purchase it with.
The proposition looks good to me. He says his wife can’t
stand it to live up there, and he wants to get out, and offers to take $2,000 for the claim. I believe $500 down
will get it on a bond and lease for a year, and it is a
mighty good proposition to float a little company on.”
One week after this the little group had purchased
this property and the man whose $500 had been mailed
to the promoter had a one-fourth interest in the property.
This was two months ago. ‘To-day the property is outputting in the neighborhood of $5,000 per month, and a
share of stock could not be purchased for $1.
This occurrence from real life is used because it illustrates the opportunities for good investment if the
party desirous of going into mining is in connection with
some honest and honorable promoter who will treat him
and his investment fairly.
We would not advise any reader to end his cash in
® promiscuous manner to promoters. If you contemplate
doing something of this kind, visit the district you believe to be a good one. If you are satisfied with the district, pick out the broker or promoter who will treat you
st