| Show HOW TO I INTEREST Tf IDlE CAPITAL Excerpt From Paper Read Before Recent Meeting of American Mining Congress PROPOSITION MUST BE FAIR FAIRA A t Fc Is nu an 11 hun of onI fur for Ml thI 1 Proper or of ll 1 A paper read ren at nt th Ih the mining congre 1 at nt El EI Ja o by b Frank Frnnk K E J Wire on 01 the tho Attitude of eastern easter capital towards mines mine In the th development and In how hol ho to attract I It I In IB worthy worth of or a 1 wide circulation and a I careful perusal peru al alb by b all itil al mining promoters promoter Mr Ir Wire lr In his paper divide HIJ the Investing class clans Into three great groups First of ot these the c Is 1 the tho capitalist second the Investor And ana Il third the small Investor Of the fret he days that thai they are lre ellI cult cul to approach and ald are not In the na nature nature nature ture of ot thing liable lable to be interested In ropo l other than that or of a II larK larKe consolidation cOnol aton of or mine The well wel eIl todo Investor he ho says s Is the tho class clus cUR which adds to n a company compan and the tue one to 10 be I b cultivated by the pro motor The he entaIl he says SOI Is OUI n ft source of ot weakness ul to a a company which Is only anI In the Hie tle devel development stage but that ul sandwiched In with the class clan he lie Is often oten a source of or strength ris rus rH well Continuing Mr lr Wire Ire goes on to 10 say sn snI I tl how to Interest t capital Tim The the aid of or capital should be ba truly trul meritorious It should be founded on prInciples and conditions that will 1 win If it I a u pros Pct ct It 1 ought to lo be one me where the tho chances of ot making a n pay pa mine are le ex cx excellent clent There ought to be a I mini minimum mInImum mum of or outstanding oll stock when lien hen go going lag ing to 10 the public seeking Its Ie aid and cooperation The proposition proportion should be he sic els capitalized on 01 a n conservative b bels hl ha I I II 1 There Thero should be no evidence of ot I graft waste wast or extravagance on the part of ot those thole In charge of any corporations affairs affair up Ull to tl the tUne time they the seek the Investors money Illey To Ignore these the o common sense en e fun fundamental tin essentials Is to court disaster and failure In itt JI this day JI and age It Is In useless 8 to togo togo togo go before the tho Intelligent Investing public mid try tr to heto and nu mystify on the these e facts and conditions Any n equivocation on the tha part of rs or managers on these theRe vital points are nr Justly construed agaInst them Again aln he ho says say a The Thc old line lue promo tet ter who used to get gt from OO shares sharIs to hilt half of or the capitalization of ot a min mining tug ing exploration or other oilier company for fora a few rew Indefinite anti and services cervices I it tow few hundred dollars dollar has hai no place plate or chance chinco now nOI There Then la Is ery very lIttle II We hope hOIe for or a n proposition that Is IA not nol pimped up on a fairly ralrh reasonable basis Inder the head of or A t Few e he hI continues Dont Donl eater cater too much mont to 10 peoples people Imagination If It I they want tant to 10 pipe pipedream pipedream dream let Id them do flo It I themselves Any 1 uy attitude that caters cater to the galleries mill and ripe npr n s the th spectacular never ner pays pys Delt appear chesty chest and wonderfully important Juit JI t he be naturally reason reasonable r a o able Ihle and show sho patience at the little Ile knowledge some people ppl show In mining matters Discuss H mining and the op of tho the writ west generally once In a while Dont urge people to buy bu stock Dont ont e dividends If It you oil ot da 1 nine time out of ten teti tel your our cake ca kf In ht I dough tough right then Reason Hel on with peo po pie III how hol It I Is ha I necessary to sell ell stock flock cheap to get the development funds fun to 10 explore and develop the property Show thorn how ho this Ihl Is 1 nearly always 1111 done role Show how how hol money mon Is 1 high antI and scarce are In a new nel western WLter country Demonstrate how hOI there are ten op up out west vest where there Is IK money monc enough for tor one cite If J you OU have havethe havethe havethe the right kind of officers and a strong I directorate that Is I the best ht t talking capital you ou could cOllel have hae You can use this fairly and anti honorably to convince the Investor of a 1 square squire deal deallie He lie le states further that thai one great Krent dir dif difficulty wan l as the placing of ot stock It k too to high and ond says sas that lint money tind time In Is If often oten wasted WAte In trying to sell sel high priced stock lock on a prospect He lie offered oCr red the tha following In conchi don flon Ilon I fully ful believe helee that any nn truly meritorious western uler enterprise In the development stage t te can It If handled with wih and ability secure cure nil all 01 the funds It needs need for development pur purposes roses poses from Irom con the almost almo 1 Idle capital of ot the Iho east enit where wh re money mone Is cheap anti ami I plenty |
