Show investments the of I 1 lie I 1 n operating or hung is kiil by W abid icil flork it also hinic how arc oilier tl e profit which is realized from an investment ts governed to great ex tent by tl e nature of tl e security if it is such as is not liable to much ilac tuition it is sought for permanent pir manent in estment even at i low rite of interest e ger brally expect tl at the profit to be re from any investment should ie commensurate with the alak taken investors who are gad to realize 8 pel cent on reil estate will expect to realize 2 to 30 per cent and often more than this amount on i mining venture as it Is tilled and it must be admitted that it Is not too much for a purchaser of mining stock to expect under existing circumstances it it the intelligent op aerator not in mining stock but in mines will with lisa a burily i mining investment should be expected to pay much ig er rite of interest than ml estate sec be cause it is lees pertinent permin ent 11 e chief ewe of tie in mining ventures lowbier la the fact that those offered to the p are not expected to be productive for ny length of time if at all 10 get in accor ite knowledge of the industry would require severe study ind time so tl at tl e majority of operators prefer to pay for the necessary knowledge and success or failure is chiefly due to the value of this purchase pur chise 1 at tl e mining in di stry needs is a thorough knowledge of its requirements gucci as that ex I 1 by the men Vil iosie cuamea could be me by the score many capi think that minli g Is easy tatt it Is 01 ly necessary to dig oal the ore and sell it as alie gold lug would have us believe yet aliese some men will in their own business watch every leik age carefully lall the ant banker or broker that to be successful in g requires s much knowledge and piu deuce is 1 Is own busai ess and tie will ey i you with suspicion many of them 1 ave bought minli g interests for the purpose of making in opening for a friend or relative whom they would i ot trust with their own business and whom they set d to take conrge of di business with the require heuts and details of wl ich he is entire ly lenoris t and so much depend on the faithfulness of roen whom tl ey employ it would seem thit brief reflection would bhoj them that s icess i cess could not be expected under such beut jet aten dillun canies conies as it must 11 ey do i ot blame tl em selves r tl eit lie airily sl rug II 11 air sl boulders and SAY 1 took t min ing flyer u d lost lie friends who put in 11 belr moi ey will vou we put borne money willi 0 ir frici d tn the mine lit stilt 1 Is cepl ew out to it fo that would be level but it filled and I 1 will not have g to do mil ing again I 1 assure ou e are well iw are that flyers like tl eee are not confined to minli g ilone that tl ey are taken in ballio id stocks oil futures lu grain ai d that though successful at truus hie aggregate ia i much loss tl an iu mining alese losses however are ite ermen tinned outside 0 a select few 1 eo e are su posed to know ing f and t confession of ig norance and loss wilh respect to them would hardly be wise but in mining it is different 11 e operations of tie industry ire generally confine 1 to 11 e mount aln re alons glons and are fo aid corn d knowledge with to them is dougl t lle the greater necessity for trained een ints ind not men alio never saw a mine or mill until it ey assumed charge better in ordinary commercial basli eia a man wl 0 knows i either tl e whole sale nor ret ill prices of tl e floods in te Is to deal ahe loss at all events will be less western mining orld |