Show A BOOMERANG FOR wildcatters WILDCAT there are times when truth is stranger than fiction and there are also times people cannot believe the truth being convinced that they are really getting what they ey are looking for hot air and gold bricks and it sometimes happens that being I 1 unable to discern the true and the false their plans miscarry and come back to them as boomerangs the nen ne york curb cites a case of this kind in the early discovery of the copper mine now looming up on the mining horison as one of the great copper discoveries of rhe ithe day in this connection the curb says one upon a time some mining promoters arranged that one should go west and send glowing dispatches des patches about the ore development and prospects of the property while the eastern partners boomed the stock while the western man was at the mine the company opened a big deposit of bonanza ore the dispatches of course flowed fast and furious dont sell another share stock worth ten times what we are asking big ore body just opened back went the dispatches des patches from the east stock selling very rapidly your dispatches fine Alean meanwhile while the western man was tearing his hair to convey the truth to his eastern partners but every glowing report brought back the reply of booming stock sales and how fine were his accounts despite all his dispatches telling his associates to cancel every sale order and forget everything that ever occurred between them and under no circumstances to sell another share away went th the stock estock the buyers got a good property while the insiders went out was no mere mining stock promotion three of the wealthiest financial concerns in the country put in to build a railroad and develop the copper property after nearly ten years of work they find their investment justified and copper twenty cents a pound they however we understand arranged to make some distribution of the shares and establish a quotation preparatory to listing on the new york stock exchange their friends and the public readily took all the stock at around 27 to 37 per share after all the desired distribution was accomplished the stock suddenly jumped to 47 and then into the and who were the buyers on the recent advance if undersurface under surface wall street reports can be trusted the buyers at 47 were none other than the sellers at 27 and some very choice investments were sold to enable the so called insiders to buy back their stock the reason was told recently in these columns the dispatches from engineer krumb were a surprise he had been a most lost careful estimator of the ore reserves in il this property but late dispatches that benile cott was a world beater and its ore showing the greatest in the history of mining has astounded his associates and seeing visions of 75 and per share they ey have been scrambling for the shares there have been only two great copper discoveries in the world the calumet helca and the anaconda all the other big copper mines have been metallurgical and mechanical developments if has opened a vein of copper glance 61 feet wide and engineer henry krumb is willing to bank his reputation on it as a world beater there has taken place in the year 1915 the third greatest copper discovery the world has ever known |