Show the prospector and his bur burro r 0 A 1 I want to tell you said the prospector to his burro it has been mighty dull out in these hills since the panic of nearly two years ago and us prospectors have had mighty slim picking since good times were so good as to bring on a period of financial depression queer it that good times make bad times the bad times being due to overproduction over production inflation of values and a generally general 17 buoyant feeling on the part of f the people of the country but such seems to be the case there is a lesson in this and when good times come again we should not be so eager to go the limit so anxious to get to the end of a good thing in other words when prosperous times come again we should nail it down at the corners and then lay back and see how the critter looks we should give it a diamond kitch such as we make when we fasten the pack on your back and then when we start out along the road of prosperity we should take things slow and easy at the pace that the burro makes so that w we e will not weary ourselves and fall by the wayside and finally arrive at our destination in better shape physically and financially then when we started out the great trouble with those engaging in mining pursuits in this country continued the prospector is that miners and prospectors are too much in a hurry to get rich too anxious to spend the money when they make it the result being that the whole country is monument ed with dismal failures the people who buy mining stocks are anxious for dividend payments before the shaft ha has s reached a depth of fifty or a hundred feet or before the tunnel has been driven to the ledge little dreaming that it generally takes from five to six years to develop a really good prospect into a producing and dividend paying mine of course there are exceptions to this rule just as one will occasionally casio nally find a good saddle animal in a bunch of burros but the exception proves the rule the stock buyer however rarely makes note of the exception except to imagine that it is the rule and he usually gets discouraged within a year and lets his stock go for a song and does the singing himself later on he is surprised and much disgruntled to hear that the company in which he was interested had made a success and is paying regular dividends he was in too much of a hurry and was not content to let his stock remain in the strong box while the company was engaged in mine development and equipment this man should have played the roulette wheel for he would have gotten quicker action even if lie he lost in the end for it is just as certain that he will quit dead broke if he continuously plays the wheel as it is that you will always believe that your voice is a rival of many mining men are too impatient too anxious for quick results and this reminds me of a story I 1 heard the other day in which a miner lost a small fortune because of a bad attack of cold feet but this loss on his part resulted in bringing happiness to two fond and devoted young people and established them in a fine little home you want to hear the story well if you will only look a little more intelligent and come a little nearer I 1 will tell it to you does the story refer to a sack of barley no none whatever but it is a good one all the same and illustrates the oft repeated statement that it generally pays to be patient and not to pull your cant elopes before they are ripe this miner I 1 speak of was working for a mining company in a district not for from here taking his pay in stock he was a poor man and in due time was out of grub and his credit at the stores aad been exhausted so he quit qu it there was no market value for the stock of the company at that time and he was going away he offered to sell five thousand shares of the stock he held for a twenty dol lar plunk but could find no buyers for the whole camp held stock in the company and its future outlook was not of the best finally the miner went to the store in which a charming young lady was working endorsed five thousand shares of the stock and gave it to her with instructions to hold it as it might be of value sometime within a period of less than six month the company after meeting with almost ansur mount abl hardships broke into ore in its mine workings the ore body was a large one and extremely rich and within a month or two afterwards afterward st it was paying dividends it so happened that the young lady I 1 have mentioned was engaged to a young man clerking in another store in the camp they were saving every penny they could from what they earned in order to get married but it was slow work and the wedding seemed afar oft off one day soon after the i big strike was made in the mine the young lady went to the chief cit of the state in which she resided consulted a broker and left for home with in greenbacks green backs in her satchell for she had disposed of her stock at a dollar a share upon her arri val in camp she went to the young man told him he need struggle no more and as the story goes the next day they were married 1 I want to tell you old long ears concluded the prospector the impatience of the american people to have more than their actual need in the way of good things led to the late financial depression and every day we come up with instances where anticipation holds four aces on participation and loses the jackpot jack pot merely because he cannot wait for results until his hand is played out he is bluffed by a fellow holding two duces a seven spot and a king and the firm bootin footing he believed he had Is knocked from under him because he could not let a good thing good times take care of themselves and there you are and then some |