OCR Text |
Show Capital and Mines. It is inevita-j hie that capital invested in enterprises that promiso a return in profits far in excess of simple interest, or the earnings earn-ings of what is termed legitimate business, busi-ness, is subject to a risk of loss, greator or less, in exact proportion to tho ! chances of tho percentage of profits. In financial transactions, great gain nearly always involves great risk; and this principle attaches to investments in mining enterprises, principally because be-cause of the mistakes nnd swindles which the uncertainty of mining as a business, renders possible and frequent. fre-quent. Against the unavoidable uncertainty uncer-tainty of mines, tho protection of capital capi-tal lies in a profit above ordinary business in the shape of an insurance premium; but against losses through the incapacity or rascality of mining oxperta and agents, capitalists must seek security in applying to tho business busi-ness of mining tho same care as to employing em-ploying :igont5, and conducting it generally, gene-rally, as thoy do with reference to tho kinds of business usually recognized as free from any other risk than what is involved in bad management. With relerence to this subject wo quote from the London Mining World, as follows: It is imperatively necessary that persons per-sons invited to invest in mining adventures ad-ventures thousands of miles away should exercise the utmost caution, and neglect no means available to obtain ob-tain reliable information. Yet to regard all foreign undertakings indiscriminately, indiscrimin-ately, and without enquiry, as hollow and delusive, is a mistake few investors aro likely to commit. The ever increasing increas-ing spare capital ol' this country is constantly con-stantly seeking investments of a productive pro-ductive nature, and while mining offers fairer chances of larger profits, it is only natural that it should claim a largo share of attention. |