Show I 1 TRIALS OF A PROMOTER HOW HE IS HELD UP IN LONDON WHILE SIMLING SELLING A MINE everyone is lit in on tho the dial daal louis janin relates it a caso case which is a fairly good sample of 0 the thing loula jamin jr the eminent mining engineer who has bas been for or two years in tho the mining regi jois of australia and recently sold one of the h leading gold mines of new south bouth wal wales m to tells it a graphic story of the he manner in which mines are alt wild lit ill england blikh shows that the path of the promoter who pons to london to place a mine la Is by no means carpeted fill and that the british public while willing and even anxious to lo amest in good it not disposed to let anything get gel away front from them it Is it 11 picturesque description of ol 01 the dials and tribulations of the american with it a good mine in its ills hands avila nugine anat all lie lias has to do 10 Is to alp el a truthful of alie pro propel ly to cause tile british purse purs strings to leown n of oc their own accord accard air 11 janin jamn says 1 american schemes I 1 might say tou too J frequently art taken fallen ovir to lemd london in lit in vc very r y bad shape the process Is something like this jones finds lands a nine mine bonds it from smith jones Ii ant the money to go to london so lie I 1 ires it little pool amon among 11 ills I 1 4 friends who decide wit not to send semi him to london but to new yolk of 0 curse jones expects to make a pt piou ont on it his Is bond and its his syndicate does well jones goes to new york lie he finds ands new york colder than sitar so far as am mines are concerned lie he steps slops at the waldorf for a time then goes foes to the bowery from the bowery lie goes coos home dortu provided lie he Is it a rood goott walker or can get it a pass i the syndicate hi has ing its money in decides to put a little more up on oil the bond chich w holcli lias has not yet expired and bend brown who they think lias has mole moie tact to london this time 0 or course crown brown goes andy an ay with a 0 good pend off and when ashen lie he in london lonto to n lie ile Is full till of american business energy el I 1 y and push 0 the nral first people brown meets lie he probably stops stop at one of the Melro pole group of 0 hotels are americans What aYour your business beret here Is usually the he citret llast molliy and brown bromn of course it he I 1 la a typical american spouts it there la Is some friend in the smoking room is who he of course can introduce him at once nee to a purchaser it if one of them does not get brown into camp that day it a friend from the next hotel hole will mall him it if browns fi friend lend Is honest lie ho will take them to somebody lit in the city and if lie Is IN well oll known and in it good standing he n will ill get attention we wilt will take the most favorable position first V tile the tiling thing Is good enough to demand immediate attention brown Is sent tor for his papers gone oner oer with him and chances are he Is entirely unprepared to answer many questions that are arc put to him whether brown bronn Is A mining milling nan man or not it would bo be an all extremely vise nise policy for him to ao anticipate an all questions that may lie asked the city him firm however Is impressed niall the mine and sends mends tor for its solicitors you cart can do no business lit in england without the intervention of solicitors it II tin haa s been e said even hut the english promoter milen w hen visited by an americ american e n promoter first thinks the man Is abo about u t to get the best of him ile he then calls its his solicitor lit in to see whether lie he Is or not the solicitor decides no then both consult hot how to do the american promoter pro moier and reel keep out of jail this is er ery probably bly an exaggerated ag view of the case but the london solicitors are a very painstaking and conscientious set bet of men who would not lot let their clients buy 9 a mine it the slightest ilaw haw existed in the title or until they hall run up a long bill the chances are that brown Is not prepared with his titles of cou course me they can be sont sent tor for and alid this course is suggested brown broun sends for its his titles the promoter rests rest on ills oars cars I 1 the first thing thine that brown 8 knows after some weeks is that there Is Is a flaw in his title it there Is no law flaw some one hearing hc that brow bron rt 6 has already sold the mine in england as airo brown it lias has probably bly written to lo his friends has begun it a blackmailing but suit t of course this part of cc the business Is an american peculiarity I 1 want to een up tip on what hat I 1 have Is eald a ill about the london solicIt solicitous ois 0 0 0 there Is a lot of 0 time lost and of course when ahen you have paid money for a time lime r option on oil pio plo porty time lime absolutely cutely la Is monay finally it the mine liaa has not already heen examined examine by one of 0 the 13 ri glish lima films exports one Is sent out dut ilia arrival comes pretty close cloge to the expiration tit nt the linrod annl floor brown Is now very much in ili a hole hla his expert Is on oil the ground with lit a chance of 0 ready communication with the owners n when hen its his bond lifts has expired and as an yet la Is not nure mure that tho the london crowd will huy buy the property properly ile he calls upon they assure him that e everything v e t Y Is an all I 1 and there Is IN out only y n ue ne little thing sta tiding in ill the way vay of the deal that Is brown aroun atilt and his file friend commission when bronn first me met t his crowd it A waa considered most mort moderate yet it blown will take ort off about 90 per cent of ills hla they bey think that it might bo be possible rot for them ano no Engligh nian ever uses in b business u N I 1 a pol positive tle expression I 1 to 0 pu put t th the deal through within the necessary cestary nc time well wed Drow browns lim friends wilt will put up probably as much as n they care to and will ill have to put up eta as much more iti it the bond should expire possibly the owners of the mi mine neWill will have lost coni confidence I in browns crowd brown knows this and can do but one of threet three thinnie buy tile lie mine buti ll mel which Is out of 0 till the tion interest a now 4 browd ro it which in ewt permitted by thy ahti lack of 0 time or submit to the tl extortionate Ito i of his him commission or it a modification 0 of it this he generally does A k the deal Is finally made browns sm itha anti and depoi reports ts eire all ali 1 doted I 1 in this prospectus find and they are loken of it tit in the most uttering flattering terms ours terms strange to their friends and ur pi living to brown bronn avid and hla it I 1 crowd are arc to rec receive lye some money this I 1 is in given grudgingly A rood good many fully paid re narca areis BIT are duo due to him now to lo the average mind fully paid I 1 lam an attractive atti active bound as all it mesnil 1101 no further liability ili england Hn Etland however it means nothing liaa han lein been paid I 1 bilote ali ale contributory shares shiell the prompter and public ionic sub I 1 Beil im lied rot fur if ate ale called up to 39 and six ponce pence or any fraction I 1 0 or a round pound they alone are arc rood wadi dof delivery lvery on the stock exchange the ru Y bald Abo ii lairs artim hf att britain ui own have little I 1 market value brown know tills this and ala a accordingly Is I 1 cincher cinched T ble lie a true story of at a filet fi lends ivre rot for heavens make bake dont take it us its my illy own what I 1 wish to convy its in that few americans who go TO to london know that flout their scheme tor for flotation must be prepared as ar carefully for the promoter tt a lawyers brief then agalla to ebeare with any ally money he nit anist irain li arn a many tricks which the city man hat ha uy hla jacket 1 I will say bay that I 1 never found a mine buyer in 1 erbland En 1 Bland il lach isach one has haa a friend in view which filene han another wit fleas with borwer ones to bite em cm and no moi anad you got get a pretty clet clear idea of 0 the condition ondi tion of affair air over liver tov there it 0 re front from the tha foregoing shares sharen are I 1 that at Is to dav nv A i certain turn of money 1 la tor for Working rAL capital tin and for the purchase of nt tin the property it if the underwriter guarantees x pounds hr he will ree vivo say ay fix 1 U I sili silvares ares it offered ort frel to the public and fully subscribed for hr he reap an immediate reward avar 1 of to one if the public does doeh tint not enone in IAN his must om cam Q lit in from market or vilu 3 t I 1 depend upon the thorit of 01 tile mine finite eliter |