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Page: of 90
the man who knows what he is doing
derstands the ins and the outs of in
dustry.
A mining district is not completely cover
ducing mines any more than an agricultural section js
completely covered with producing farms, Sometimes
two farms may adjoin each other; so far as the fertility
and productiveness of the soil is concerned they are equal,
One of them is producing liberally, the other is losing
money. One of them is in the hands of a bad farmer—
the other in the hands of a good one. The same may be
true in mining. ‘Two mines may be upon the same vein;
one may be a producing mine, and the other a non-producer.
‘ :
Again, one Property may have capital to make it 2
success, the other has none. The same might be true of
the farms,
and thoroughly unvestment in the ined with pro‘ys 2
The other day we received
in Rhode Island, in which
“Would you advise me to w
a letter from an investor
he asked this question:
ait until this property (naming the one) has become a producer before purchasing
stock?” This isa mighty hard proposition to tackle. \Ve
know the Property and know that the man who purchases
stock in it now at 25 cents per share is helping the company make a mine. After the mine is made his cash will
not be needed. Whether it will ever mak
or not would be purely a matter
dications are good and the Property ought to be one in
Which the investor would receive returns. The mistake
has been made in the Prospectus. Promises have been
made that could not Possibly be kept, because the company
has not the territory, the cash or the Management to do
what It promises to do, Yet it may do half of this, and
if it does it will be doing well by the investor
The investor should we
atch the Prospectus closely. It
> a 4 o
e€ a great mine
of conjecture. ‘The in-