Show A MINE IN THE MAKING considerable is being said in the press of late about A mine in the making we take it that discussion concerning this branch of the mining industry is for the purpose of educating those who having but a vague idea of mining operations still have an inclination to engage in this fascinating pursuit and still there are those who having for years devoted their time to the mining business might yet read and learn something to their advantage for it is often the case that the practiced miner will fall into a rut and follow old me methods old styles when more modern methods would mean more pronounced successes more profit money in their pockets every farmer who sows bows his grain and seeds his fields is not absolutely sure of a crop at the coming harvest time and every man who enga engages in business in commercial and industrial pursuits can not make the claim that he will make a success of the enterprise in which he is engaged and so it is with mining in this industry there are many failures just the same as there are in other lines of business but when success does come in mining the profits are so large the remuneration is so great that the participant can point to thousands made where others have earned pennies in other pursuits every mining prospect is not the makin making of a mine by any means any more than every horse entered on a race track is a sure winner and yet there are dark horses in mining just the same as in racing circles still it is the safest to wager your money on the favorites A really good prospect generally always has all of the earmarks of a coming bonanza the formation is true and regular the surface favorable and the droppings crop pings pronounced and mineral bearing securing a prospect of this description the first thing in the gramme pro of development should be to study the ground carefully with a view of establishing the proper point for permanent workings these should be as accessible ces sible as possible and located so as to command a downhill down hill pull to the mill which will in all probability be constructed later on the mine camp should be as near to the mine as circumstances will allow and as nearly on a level with it as possible these preliminaries attended to the work should be placed in charge of an experienced mining man at the highest salary the financial standing of the mine owner will warrant it is generally the safest and best plan to follow your ore this can be done by either sinking on the vein or by drifting bue but let the shaft be started as a working shaft the tunnel as a working 0 tunnel by following the ore the true and intrinsic value of the property its real possibilities can be demonstrated much sooner and more economically than would be the case if the shaft were sunk in country rock or a crosscut cross cut tunnel run in search of the vein which having an indicated course and dip on the surface may change both in a comparatively ively short distance no one but an experienced miner should find a place on the payroll of the that is in doing actual mine work it is poor economy to employ hay and section hands and no one who has not had mining experience should be employed in the business end of the enterprise the men should be well supplied with prop proper er tools ventilation should be of the best and where conditions are right machine drilling should be employed it pays well in the end to install proper equipment and abd to take advantage of every time and laborsaving t appliance and every energy should tend to mine development and operation frequent assays essays of ore and vein material should be made as it is often that pay ore is thrown over the dump because of a failure to recognize its value and character when ore is found which will pay to ship or mill the handling of it comes under the direction and supervision of the business department of the enterprise and if sue suan ore exists in large deposits and bodies the prospects has been transformed into a mine when arrangements can be made for its proper care and the ultimate disbursement of dividend payments it generally greatly facilitates mining operations it if an incorporated company is formed as there is much detail work requiring that records be kept and that every cent expended be accurately accounted for we will say for instance that a company is formed for the development of a prospect such being the case those comprising the board of directors should be in harmony with each other and to insure success should have some experience in the mining industry the company should have some experience in the mining industry the company should make its shares fully paid and assessable non looks enticing on a gorgeously printed stock certificate but unless such a company has command of practically unlimited funds the stock will in time become valueless and for the reason that the company having reached the limit of its bank account before its property has reached a producing and paying basis and having no legal method of raising more money is practically forced into bankruptcy and in the end loses its property as well as the good dollars previously expended in its operation it is good argument to say that the company should depend on its stockholders for the necessary means for mine operation and not on outsiders who are in no way interested te rested in the enterprise in case of an ad emergency if the stock were assessable a small assessment could be levied in doing this the company is protecting the property it is developing and the stockholder stock holder is only protecting his bis own to refuse to so protect his interest the stock buyer virtually admits that he is in the wildcat wild cat class and that he was not making an investment but was engaged in speculation but above all things those who are interested te rested in A mine in the making should not expect profitable returns from mine development and operation for a period of several years as no prospect in the twinkling of an eye can be transformed into a divi bend payer no matter how rich or how big the ore bodies |