Show the prospector and his burro burr 0 1 1 I want to tell you said the prospector to h hs s burro there is a vast difference between the value of a producing mine and fluctuating stocks which wh ch are dealt in on the various exchanges throughout the country A mine may be a producer and a dividend payer and yet the stock in the company may sell at times far below its actual value it seems incredible and yet it is a fact that mine and stock values do not main maintain tan parity any more than you maintain the same alleg allegiance lance to me that you do to the barley sack after the sack is empty you are willing to lose yourself and go off by your lonesome forgetting the fact that it is I 1 who refills the sack and that but for me you would be shy of your barley on many occasions and yet there is a relation between me and the sack which should not be overlooked just the same as a correlative relation ex exists ats between a stock in a dividend paying mine and the mine of the company if the credit of a mine is good the stock of the company should stand high in the estimation of the investing public if the mine is a regular dividend payer the price asked for its stock should be in harmony with the mine value on a percentage basis if a dividend paying stock is good to hold because of its earning capacity it should be a good stock to buy and this at a price somewhat in keeping with the interest it pays on the money divested and yet strange to say stocks which were selling at from 2 to 3 two or three months ago and which are still paying their regular dividends are now selling at from 1 to 2 and from no other cause than that juggling stock brokers combine for the breaking of certain stocks merely for the gain they will make out of the transaction and there are stockholders so feeble minded that getting alarmed they will drop their shares on the market way below their intrinsic value thus assisting the bears in their endeavor to undermine their own securities 1 I know you do not understand all that I 1 am saying to you continued the pros hone whatever but with your ybur feeble intellect you halfway half way sense what I 1 am telling you A dollar isi is a dollar you say and why should a man hand out two plunks and say that one is worth cents and the other fifty say that one plunk represents the paying mine and the other the stock of the mine the mine is really worth the cents but the stock has depreciated to fifty the variance between the same is not in harmony with their relationship the dividing line is hard to determine and yet the man who is drawing big dividends on his stock is often seared scared into selling the same at a figure much below its actual and intrinsic value knowing that the mine is all right merely because some stock estock breaker has fixed up a deal to rob him of half of its value and also of the regular dividends if he has been wise enough to keep it 1 I want to tell you old long ears continued the prospector the difference between mine values and stock values should be so slight that it would take a 50 horsepower to distinguish between the two if one is good the other should be of the same calibre A first class stock belongs only to a first class mine they are inseparable or should be just as you are inseparable from your nosebag when we get into camp at night and there you are and then some |