| Show FEDERAL Al DID AID AI FOR FUn MINING HAS BEEN P PROPOSED Mining In Is II one of the worlds world's oldest in industries n yet In In many many respects it is II one on of or the 1 least advanced The Ja lack k of federa federal fed fed- fe era eral operation co-operation and supervision in the th development of or mining s properties has ha enabled enabled en en- bled con conscienceless promoters to exploit the get rich quick k desire on the pat part of the Investing public which In turn tr has ha cast a stigma over o er the te whole mining In Industry In- In says the Well wan Street Journal Under the proper conditions the risks of at legitimate mining should b be f no g than the te hazards of any new oY t but the difficulties of ot obtaining da dai Q o Oi metal meta contents contenta of ot ores prospective tive Ue investor w will even consider consider enough h to warrant further investigation i In II a tremendous obstacle to tho the development develop development ment of new mining enterprises enterprise 3 J. J J H. H a J practical minIn man nian has advanced a plan for tor government co cooperation cooperation co- co operation to t meet the present chief difficulty culty which the prosecutor encounters in seeking capital to develop his hi proposition proportion HI Hlf plan I includes the the e establishment of ot a government laboratory at ana ana I another anoter at San Ean Francisco where whee prospectors tors tori tn may my send ore samples an and have he them tem temI analyzed free fre of ot charge chance In doing this I the to government so would make no guarantee nor assume any obligation The government govern meat ment ment chemist would write to the prospector tor We We have analyzed t the e samples you I have bays sent to toua ua us and find 8 ey c contain etc etc The Te next step for tor the prospector tor would woul be he to have ha e a government Inspector visit the property A at the prospectors prospector's expense and nd verify the exact length average width and average value of the outcrop and the situation of or vein or deposit from which the samples were taken If It Ithe the prospector had had tampered with his original origl- origl nal na samples sample to the government Io the the second second sec see ond end assays would fall fail fal to check thus de defeating de de- te mo rooter moter the tha purposes of ot a dishonest t pro pro- pr In this second step the government would again assume no responsibility It I would merely merel verify the existence of ot a certain outcrop or deposit and the metal contents as indicated by two assays With two government certificates verify ing the existence of ot commercial ores ore I and showing their assays the pro prospector p tor would h nave have two powerful ul a arguments to present TO mining investor Ivestor and ano in induce Induce In In- duce him to enter upon an independent examination of ot the property Thus tho the greatest obstacles In the In In interesting of ot capital In Ina a a mining enterprise enter prise would have hav b been bein n overcome It I Is difficult to imagine ne how a s mine of any real rel merit mert would fall fail tal to find a backer under such conditions Mr r. r Thin suggests that the prospector be limited to staking hi his claim as a per government regulations and an to pot more than two claims In his Is own name for any anyone anyone anyone one district The claims should be free tree from Crom location work cam until the government report on ore contents JI 10 received e Samples Sam m. m pIes ples should be obtained by cutting trenches a few inches wide Dr across 8 the vein eln or pa pay streak stra not pot more than five feet teet apart apar the the broken en material should b be b j carefully sampled and end quartered down and an average of or all al these thee samplings sent to the nearest government labora tory ton The discoverer should be allowed an allotted time to do his location loaton work after ter the of or the government re report re- re port Under e existing conditions the average prospector has only a a small Email smal amount of mone money and Is not able to hire an Cx experienced experienced rl- rl and reliable chemist As AI a result result he Is 11 unable to furnish data dat which the investor considers sufficiently reliable to warrant arnt further investigation |
