Show THE LESSEE of movement on foot fool there is a well defined in many mining districts to more generally adopt the leasing system f for or development this is a matter of mines and prospects in the past and that has been neglected worse than neglected for under the old method of leasing the mine owners got all the profits and the leaters leasers got little hut but experience the leaser like the prospector prospect orv is a pioneer and the pioneer in any line of human endeavor is worthy of admiration in every camp are found men hardworking hard liard working honest experienced miners who are not only willing to take alliance a chance on developing ore in likely places but are anxious to make the attempt if once persuaded that they will not get the short end of the deal after ore is found they may not have the engineers technical knowledge in which connection it can be safely said that the engineer seldom makes a successful leaser they may not even know how the ore got there for they seldom bother their heads about ore deposition but past experience has taught them that certain occurrences of rock formations in the district have led to ore in the past and they go out after the ore and generally get it the system in the past has been for the company to demand a certain royalty no matter how long it took the lessee to extract the ore nor what the expense to him had been and the result was that he often put in his time with practically no return we recall a case a few years ago and no names will be mentioned for it strikes too near home where two young men had a lease that was to terminate in six months time the royalty to be paid on a sliding basis they went to work on a small streak of ore just enough to encourage them to keep at it and worked faithfully for more than five months then the ore opened up to eight or ten inches and they were enabled to get out a small shipment the last month at the end of which time the showing was so good that the officials of the company refused to extend the lease worse than that they demanded and collected 40 per cent royalty strictly as per contract of course and the young men after paying for provisions supplies and tools had 1250 to divide as the result of six months steady work the system now being generally adopted however calls for no royalty until the value of the output exceeds day wages for those employed often too an option goes with the lease and all royalties are to be applied on the purchase price this gives the leaser er the inducement to develop and the owner the benfit of development with fair prospects of sale in the cripple creek section of 0 colorado the split check system lia has been generally adopted and s some ome of the big mines of that wonderful dl district strict can trace their present pro ent success to the operations of leasers leaders under J this system llie method is for atie opera tor or company to furnish the lessee witla air power mining supplies of all kinds and I 1 to attend to hoisting and transportation he i is is given every encouragement possible amie d doing lead dead work and knows that though he may not he ie making anything he at least is not running behind when pay ore is reached and shipments f commence the company receives the checks from mill or and divides the amount with th the e lessee fifty fifty in this way the owner is showing his faith in the property I 1 and the leaser performs the manual labor so essential to mine development and always with fair prospects of finding something big this system has proven and IS is proving a success wherever tried some owners have a deep seated prejudice against leasing but the more experienced rien ced especially those who have tried to open small properties with insufficient capital and by means of irish dividends are coming to be firm believers in this manner of development for how many small properties with their corps of manager superintendent shift bosses blacksmiths office force etc can boast of paying to stockholders twenty or twenty five or even ten or five per cent of the value of ore produced and again encouragement to the leaser often means the opening of ore bodies that might otherwise lie undiscovered for generations erat ions to come |