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Page: of 90
a small number of shares may own just as rich and productive property as the mine with a large number of
shares. We believe when you note these figures carefully
that you will regard the question of capitalization more
closely than you ever have before.
A PROPERTY VALUE.
HE story is told that a farmer down East
marketed a load of swine to a purchaser
of live stock who had the reputation
of possessing the most partial set of
wagon scales in the community. The
farmer weighed his wagon and load of
live pork, obtained the weight and then
unloaded the product. He returned to weigh the empty
wagon so as to determine what the net weight of the hogs
would be. \When he received the weights he compared
them with the gross weight and found that he had lost
money by bringing the swine to market—that the empty
wagon weighed more than the wagon, hogs and all had
weighed when the first weight was received, and that he
owed the dealer something.
Without studying the subject to determine the probable cause of the shrinkage he remarked to the man: whose
scales had skinned him out of his pork:
“Tell me quick as yer kin, Mister, what I owe you,
and the next time I won’t be darn fool enough to bring
the hogs to teown when the market is fallin’.”
In many ways this illustrates the position of the investor who fails or neglects to make the calculations he
should before investing in a mining company. If the
same man should be asked to invest in a partnership interest in a stock of merchandise he would insist that it
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