| Show I irervV MIXING ENTERPRISES Interest Makes Neiv Money and Also Good Times It Is the duty oC every wellwisher of the mining industry to do all in his power to thwart the schemes and jobbing of i eastern mining promotors but there is I certainly a great deal of senseless depredating I de-predating of mining under the guise of conserving the public good Mining is a pursuit to be fostered as any other Any j undue excitement which is generally i caused by the unearthing of millions of j i ntw money Is called a craze simply because be-cause many strive to break through the donothing lines into doing something We call the South African epidemic a craze yet nearly 550000000 will be produced pro-duced during the year Looking at the practical side of the question says the Mining World there I certainly can be seen some good in it all The blood of the business world becomes warmed and the hidden dollars get into I circulation To be sure in the general I shuffling of treasure some will become I wrecked but in all such financial upheavals up-heavals the country moves upward and onward The war against silver is not i called a craze by eastern gold men and yet it has produced more widespread misery than all the mining crazes of the country combined Bank failures and real estate booms are not crazes yet they spread ruin broadcast We call to mind various crazes where all the wonders and warnings as to the coming crash were heralded by tho I press as Is now in regard to that of South Africa and our home speculations Many of our old timers can call to mind tho copper craze of the Lake Superior region ot 184678 yet it opened up for that period the greatest copper mines of tho world and made the iron industry of the United States the peer of England Also in California in 49 and 50 which caused 60000 people to traverse 2000 miles across the desert to say nothing of an equal number who came by sea to reach the golden shore And what was the result California was born in about one year and the enormous sum of 512 000000 of gold was the product for the first ten years and the business world was saved financially The days of the Comstock I Com-stock were all crazes all wrought wealth and ruin but 400000000 of gold and silver was the reward i I But when we analyse all we find that I when there Is a substantial output back of the speculation more benefit js the result than evil Our dislike for this furor arises more from jealousy than distrust and we wish we had more of it with all its evils There is more life wealth and prosperity prosper-ity in a mining epidemic than in all the staid banking mercantile and commercial commer-cial pursuits Business houses play on I the money in circulation and nearly 93 per cent are the records of failure Min ing furors bring forth new money more of it life to every community and their record of failures for the future will show I that legitimate skillful mining is not as I i hazardous Could any mining craze produce more I i distress than exists at present with about I every farm mortgaged for every dollar I it will stand Would real estate and in I I dustrial enterprises suffer for lack of i I speculation as at present had we a renewal re-newal of bonanza days with all its I i crazes Let us all foster legitimate I mining avoiding as far as possible anyJ 1 thing that savors of concocted robbing I I schemes foisted by cultured eastern sharks II I I I |
