Show HIT THE BULLSEYE BULLS EYE abw loii business man writes i cn article on mining he there is no business on earth that pax better than mining lie ICA some authentic history as to liy lie wat A new york business who agns has written a long letter to the new lork nans aland mug record his theme being stocks bonds ind investment ties it h a most interesting article and when he touches upon rutn ing stocks and mining investments of the west he demonstrates that he is right at home on the subject walh he as bollons luiere is one branch of business that has been almost ostracized ostracised in eastern cities of late sears the mere men alon of hindi will I 1 lind cause a holy and one grand howl of protest and that Is mining no doubt many readers will say ohl that is what he is coming at it it les tint is just whit I 1 am coming to and I 1 assert here that there is no business that pays better and why it should be so universally decried and why such a prejudice exists against it will be an no doubt by the remark it is euch a swindle this view of it simply banns the stupid ignorance of facts and of the business of course no other swindling business is ever heard afi it is all confined to mining the mo ment you talk to a man 0 the present time about a mine he will tell you of the lot of worthless orth less mining shares he found in his daddy 8 strong box after his decease he diesu t tell you of how many shares of worthless railroad raili oad and other stocks he found or how many thousands in defaulting bonds and schemes in general 01 ol its aly the mining shares that bis mind runs on this of mining and mining business is greatly aided by the holy horror of bank presidents and di rectors when the subject is mentioned suppose this prejudice existed general ly who would do the mining and un less some one did it where would abo gold and silver come from to supply the vaults of these same banks shortsighted short sighted contemptible and sense less ellk it is banks must have coin but they decry and discourage its pro and discriminate agnost the men it the fact Is tins community is ag ig corint of legitimate minine business in alio woods AH u py know is that at one unit LI on cio anil adlers put a lot of th stock of worth less mines off on their daddies per consequence all mines are swindles because somes locks are worthless all binks are frauds because some have filled and as a general thag who these mining swindles swi idles in nine lists out ot ten alie very men bho aie A pirt and portion of this busi nebs community n e schemer s borne productions and the money ade re bained tre is thereal owners of the mines received but a fraction of it but it was the innocent mine got all the because it filled to turn out the millions promised by alie home promoters ind dud no toddi having ai y sense could expect alie mines could i ay iy any such fabulous profits and yet some mines do p ay iy big interest on tl e investment here does ill the gold ind silver constituting tl 0 metallic of alie country come from certainly hat his built up the great cities of the extreme west denver bill like leadville Ledd ville bin 1 mining vi hat has t colorado wyom ing id ilio and inaugurated an eri of alining where do the dray loads of gold and silver bars ve see duly at the doors of 11 e banks mints and sub come aiom the great vest is browing rich from tl se products A areat lud mining business Is building the palaces of tl se western cities and yet new orb ignores a source 0 profit fir be yond tl e daily jack knife swapping of all street fen per cent of tl e caal till used liere daily realizing a paltry one or two per cent it judiciously in vested in mining would i a more profit in one month than Is now reil stocks in look at the output 0 such mines as the aspen th the on tario ind hundreds of mines that this community never heird af pf profits run up into millions and all these great mines were once mere proa peels tl ere are hundreds yet in tl air that by the work of develop ment will at no distant day rival those mentioned look at such men as ey tabor I 1 air 1 lood and 0 isreen with their millions 1 very d liar made in mining there are a few quiet min in alila community who have had 11 e shrewdness and independence to be un terrified by the prejudice of bank durec tors who biava invested in mines and are to daiy diy in alie receipt 0 princely in comes from breir mining interest I 1 can put cay finger on men alio are re belving all the way from twenty to sixty thousand per month one man 1 could name who on ui investment of Is receiving a dividend of 0 ier month how many investing eliat amount in stocks cin claim scarce ly six per cent per annum on their in vestment and how many i over see tl e al again it men contemplating investment in mines bould give the same cire and to the matter that they give to alie puri ame of a i alece 0 re il estate we should hear of fewer dies there are good cainia and poor mines and careful investigation and er research aiuto their merits is just as i ec essaiy as in the cise of any other investment and bercal jentof mines Is as easy to as those of ardi nary business propositions there jre two cl asses of mil es eliat offer good prospects of eliose already developed to a paying basis and the undeveloped cl iss g capital to develop the former are I 1 eld at a price to comien site for the risk taken and alie bolit they ale paying the latter are cheap and on bel ad at feie meie nominal figures cheap enough lo 10 justify the risk of the small capital required to develop them to determine their future value and the lately of a further in vestment for t plant to work them the great error in hundreds of lases has been the injudicious building of plants before ape claims had been de to justify the out has been the cause of loss quite unnecessarily mining has now become a legitimate business lu the est and is conducted on very different principles from what it was in earlier dairs hie cost has been greatly reduced by moie moderate wages and the introduction of labor machinery in the earlier days half tl e value of ores was lost by im perfect manipulation ence and more intelligent knowledge of working we now save close to the issay value |