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Show I L Shareholders cf the Korlh American Explcration Co. View Property. " ', 1 Tdsslbly one of the most, unique schemes that has evr been adopted in the history of mining annals Is the ens that has Just. been carried out by' the shareholders of the North American Exploration Ex-ploration company, who reached the city, last night. The party is traveling in Its own private train, and it Is made up of forty-one members of the company, who have been invited by the officials of the company to inspect the variotis mining properties owned by this corporation, and which include the RamMer In Wyoming; the Overlook, Daisy and Charlotte Gulch In Idaho; the Reliance, Bradshaw, Garica and Mormon Girl mining properties in Arizona. Frank T. Day. the managing director of the companv, explains the work that Is being done at each of these properties as they are visited and the grade of ore that .is being taken out, while the iwirty is being taken care of while traveling over the country by Secretary Sec-retary David Ewlng. The object o the visit is that every one of these men who has Invested In the shares of this corporation corpo-ration may be given an opportunity to see for himself the mines he has invested his money In, and may be able to familiarise famil-iarise himself with every detail of the development work that i going on in those various properties. The Inference to be Vwn Is that if they wish to. they I can Invest more heavily if they are 1 pleased with what they see, and If they are displeased they can withdraw their financial support and advise their friends to steer clear of the whole proposition. These men are almost entirely Eastern business men who start out with a limited knowledge about mining, and it would seem that If the policy of showing shareholders share-holders what their holdings comprised was " followed"-by " "mining promoters throughout the Western country, there would be no possible excuse for the ex-, ex-, lstence of the wildcat promoters of mining mi-ning properties, who In many Instances have no meritorious mines to which they hold a title. . , . . |