Show HOSTILITY TO MINING it ils universally agreed that the mining industry is the avenue through which flows the imperishable wealth of the world that tha t from no other source can gold and silver and the baser metals be secured gold Is the basic metal of the world it is the worlds circulating medium and upon it ah financial structures are reared it is virtually imperishable is must most anxiously sought for and the lack of it would cause disaster everywhere and yet strange to say many men who seek to acquire gold in its refined state and whose success in business depends upon their ability to acquire it are loudest in their of mining and are frothy at the mouth in proclaiming the illegitimacy of the industry and stranger str 11 is the fact that those who as a class are the most hostile to mining are eastern bankers who never hesitate to advise their patro patrons ns and depositors against mining investments this is a strange condition and yet the statement is vouched couched for by reputable men who have sought the assistance of eastern money in the furtherance of perfectly legitimate and most promising mieng enterprises at the present time there is any amount of eastern money anxious for investment much of which would go into mining operations were it not for the hobb hostility lity of the bankers but the moment the advice of the banker is sought any such intention Is dissipated for he gives it out without a moments hesitation 1 that mining ils dangerous hazardous and illegitimate and that anyone who engages in the industry is w without th reputation characterless anddore and more than likely to be deserted by his wife and children and an outcast in an the financial and social world As a matter of fact the penitentiary stares him in the face and the grace of god has departed from him this is not fiction but truth and corroborated by a well known mining man of the west who but recently returned from the east where he endeavored to interest capital in thi the development of a very prom promising sing prospect tats gentleman had virtually succeeded indis in his mission and the intending investor had almost closed the deal when he stated he wished to consult with a friend of his before the PaYl ment called for was made this friend was h ITS s banker who said john you have lived here a long time you have made a reputation here for honesty and integrity and you have been successful in your business pursuits pur you have raised your you r family here and they are respected of course you can do as you choose about making th this is mining investment anve s t but if you do in make ake Q dt t you are disgraced and discredited I 1 in th this s community com munty your business associates and friends will point at you with scorn your family will virtually be bo barred from good society your busness bua ness will wil 1 suffer and your credit be hn paired until you become a financial wreck an outcast and finally you will walk these streets little better than a beggar well the investor did not invest and we don t blame him because he really knew nothing about mining and the penalty outlined by ha his 1 s banker would cause the stoutest heart to quake the strongest nerve to weaken but it is safe to say that if this banker had an opportunity to get in right in a sure thing mining proposition he would do so without consultation with any of his friends and more he would use b his s depositors po money in the enterprise thus it would seem that the hostility of the banker to mieng ng only extends to the depositor whose investment would materially teri ally lessen his account at the bank and what tight right has a depositor to make an investment anyway greater act activity vity in aning m ning would prevail in the west were it not for the host uty lity of eastern bankers it is gratifying to say that the west can stand this ho hostility but it works to the hardship of the eastern man who would 1 ake ke to break away from railroad industrial industry al and real esta estate to securities curi ties and take a chance in something in which there was an opportunity to make big money |