Omaha Daily Bee Newspaper, July 3, 1910, Page 13

GOLD-BRICKED COLD MINLS| Variations in the Game as it is Com- | monly Played SOME FAKE MINING SCHEMES Cleverness il amd Nevelty Contrasted with Crade Crooked- ness—Wise Advice 1o the Unwa gnor mprovement nay netant aim >unt » a anth commer miadie profits s of th v w s mean water—have in the ma of the p stock Atrect to the e fina or fis agent. He operstes either u the name of & banking firm or as urity company, wh geners egistered trade mark as & cloak ) cover the names ndividuals Dot desirous of publicity The financial agent of n reality the orgm: the mining company Bat should Cirst to amsert that as well as his customers. shares of the mine #0 large that practically development. He secured lurge salar pense of advertising and exploftation. One of the proposition stock as & Ked W in howeve: one of his own greatest safeguards against elther criminal or civil prosecution. Secat-| tered over the country are his investors—| the mill hand, the poor seamstress, the bumble artisan, whose total investments, mprising peruaps all their savings, sel- dom exceed $100 cach; and, with thelr sav- e ® there isn't money left to pay cartare to the office of the financial agent, let alome to undertake & civil suit or en-| list the aid of the suthorities. A Great Business Primeiple. Burr Bros., Inc. of New York, used the effective balt of the installment plas of payment. Their literature and advertising offered sudden weaith at 2 cents a sh payments to be in installments, “the bast twenty offers” % be acoepted It was pointed out that if one made one’s weekly payment large enough 1o be included among the fortunate twenty, one could have a Gice, clean certificate ment to one mediately, and pay for it at one's leisure 1f you think the operators could not afford this description i« and promoter of whose stock he sells. me along, he i as bosn deceived He selis 15 left f e mone ire ng on He preperes all the literature sdvantages aims for his . distribution of sgainst assault e he s basis ing t the sateguar by r rat ais ™ in the south who white friends for funds 1o bufid & cervain somewhat mrythical ehurch. They asked har what she received for the time spemt in oollecting. "1 has what ] gita” was her frank response. She enuneiated a great modern mining prin- which has made fortunes in Demver, New York, Boston and many other where handsome lithographic work and where advertising space can bought in journals considered reputable. | Some Mine Salting Steries. | It @ not. however. always the city pro- Who furmishes all of the creokedness. | He himeelf may be decetved by those who »<il him the mine. Some of the most thrill- | ing stortes in literature mright be written | #boul salied mines. !The sale of the Bear's | Nest mine, and the special train expedition 10 the mited Bear river placer field; the sale of the Mulatos mine to & set of China- | man; all sorts of other instances in Amers- | can mining history, have been regarded | rather as big Jokes than as great lessons. And s to such large jesting we advence in finesse. The old way of fing a placer or & quarts veln with a i is Dow antiquated. A little while ago & party of capitalists | bought & Nevada placer on what they thought to be strictly a “cinch’ basis. With thelr own hands they collected the speci- men 4irt from all over the claim, and they watched & Mexican miner pan the dirt at the creek. The pans showed up beautifylly They bought the clalm. Later, it proved worthless Afterward they remembered that the Mexican smoked cigarettes all the | time he wes panning, und that he was careless in expectorsting, as well as in knocking the ashes off his cigureties. The truth was that bighly i g en! sresser was using gurette trick in salting the pan. Thers was mu e gold in his clgurette and under 1p All sorts of methods of salting mines, even | 10 the injectioi., With a hypodermic needle, | of strong solutions of mineral salts into & mining engineer carefully sealed sample bhags, bave been worked. The most honest, omreful, and expert mining engineers have | been deceived and ages and salted right under their own eyes. Even a biand Chines may be Tool he instance of the Mulatos mine men who proposed t mill-run test fresh by themselves, for a five da wefe Dot taking any chas ballef. The owmers of the mine #o runs the story-had & platfo arrenged above the timbers the 4rift where the Chin thelr are cars lay face downward, each ore car that passe basd MMe for five days on and water which he took Rim, but ba managed to drop of mice gold dust into ever that came ren was an ent Pt of the sel wl the buyers. Principal Versus in Asy mine Do matter ! Jargs, bagins to be ax the firer pick uck & «ll its profits Oug basts of 15 deposit is draw: baner your check of @ mortgage or & dond dees mot Temain smble Valus, but. on the centrary, contimually decreases in value In & morigage © per| cent 1s wisdom: in & mining return, it is folly., A mine instead 5 ed on the basis of & &t e figured the basis ere sit Thal is to say, on the basis of u wiping-out date. When the mine is done payiug QIv @enda, there is no return of th of the principal invested. Ye: and gullible public forgets th ant fact, a tiates mining every other form of busl There is & probeblliy tnvestor never heard of & proge ton charge” in the managemes Uneil he shall have heard @hall bave learned someching of Ufe annuity, he ought cest In any mining sock After he actually bas learned the theory of amor pocl will oheerve that almost evers mining stsck dated 1B public Print s seliing & a3 in-| the The bunch b ned the top of rought out man o ather on - d e ne sandw urity Teas on o » the great a. f ange nel o the crme never 1o invest & THE OM | [ % {sre) PROJEST LL TWIN “oATN FA s sipt seoircy wiRie ! Bomad ITWIN BALIS [ :"Efl L the center of 198 ro n ad . d smal offered with stiraction among those wi a5 the townsite opened rrigated mpro AHA SUNDAY BEE Coms tramer BBy SLACEFOOT EeRTN SipR noes when sidewalks of stone and and s section is fust and irrigate trequently the sale « nds nearby [ ements aireads It o that the settier will firet trees quadrupied o £ GENERAL MAP LOCATION PINGRES Bingham Gourly Jdsho. Scale not have to deal with the place. Water streets A tneon- Ve are aiready there 812,00 witages are coming into ite scres selling at 85 1 n v wment business wiready The 100 [ own land one vear ag ves are overrated e stg-lived sither pare a public makes no between the two and will stock of either. In this investing has no protection on the part of the the part of pub- part of caretu short-lived good suft Aivid distinotion the a . buy pab o honest t ite own education In the majority of ceses. & mine pay anuually perbaps 3 per cent vestment be profitable. T . to ay, the actual value of any mine s rarely over f mes actusl dividends. paid af expenses peration. How many are capiialized on any & real that? The answer lies our norance. and In the shrewdness o men who sell us 2 stooks. Stocks t are the best &ividend pavers often to twelve times the face annual dividends aght 10 ™ £ the mines as te- in Let the mina hit & streak of b a and the smocks will climb vet higher. We buy such stocks, or worse but even a fundamental soquaintance with the theery of mines would show us that such an investment is ususily & bad one. In & mortgage we @0 not Jook to the Inter- et 0 pay us back our principal; in & mine we must look to dividends to pay us our principal and interss also. When the mine i done our principal s gone But how many mining investors ever thought of that? And how many. when | offersd & 10 per cent “guaranteed dlvidend for five years on their money, ever &top to refisct that, for instance. 1 could take your money and put K in a cracker box. and myself make money by paying it back 10 you, 10 per cent & year for nine years— and then explaining what had happened to the cracker box!—Bmerson Hough Iin Everybody's Magazine BILLINGS BANK IS CLOSED National Placed In Hands of Receiver by Order of the | Comptroller. WASHINGTON, July :—The tienal bank of Biliinge, Mont onax First First Na- was closed mp of the currency. t ing re- ported to be R W bas been appoluted receiver On Marfh 3 last the date of the report to the comptrolier of the currency, the bank included emong resources 31383394 in| louns and and $1M.40 cash and cast The tock oday by he e bank been nsolvent Goodhart discounts, in ded $10.00 tn capital s and undiv UTAH MAN WHO HAS DONE VERY WELL IN IDAHO JOHN A. BLSON ida., while me who might oD sther siaies, & from 10 ministerial work mtermediate states and he is in the “climate, productive- e soll and resources of the state, are excelied by few, if amy Mr Elison has beer in the mer usiness in Oakley since 186 and ¢ four years has been the man- treasurer of the People's Umion, & corporetion doing & large busi- ness at Burley. He i3 & member of the B city council and is also & member of Cassis Sake Academy Board of Bducs- ton. 1908 s Minnesots, engaged Texas and . ness « whic tr coun cantile for the ager an "MODERN TERMINAL POWER : Electricity Supplanting Steam in City and Tunnel Work REVIEW OF PROGRESS TO DATE Markea Ad m Westera Rafl- roads and More Comtemplated— Utilizsing Power of Moun taln Streams. risis raliroading was remched 1ong ago. when a heavy freight in the tunnel con ’b:w-Lfn( Port Huron, Mich., with the town Sarnia carrying the tracks A powerful switch the stalied train out of the big bore and the rallroad men were horr fied to the engineer of the stranded train huddied in a heap on the ficor of his cab and the fireman & Limp bundle across the lumps of coal in the tender—both had been suffocated from the poisomous gases from their big engine while trying to get Up sieam enough to pull the heavy train out of the tunnel This was the third accident of this kind Within & short time and it was all t00 ap- parent that & safer kind of power had to be found. The engineers of the Grand Trunk remembered that the Baltimore & Ohio had been troubled with its tunnel transpoitation facilities about the city of Balumore as *ariy as I8 and that they had been experimenting with electricity as & mouve power, 50 they hurried to that oty 1o make an investigation. They found that the electric locomtives of the Balti- more & Ollo. looking more like huge leco- motive cabs than a hing else. handied the heav T traius with emse, even on the sleepest grades, and that the Baitimore tunnel was pructically free from all smoke and gas. When & steam traln Was ready for the tumnel the fires were banked. the steam was ut off and the electric loc motive coupied on te haul the traifi and the dead steam engine through the tun In- quiry into the cost of operating these elec- tric ves showed that couid move uch faster, being and more powerful, and could large train at such a remarkable apeed thy the vost of operation was really less that 1t would be by steam. It is worthy of his- torical that the Baltimore & Ohio first in the use of alectricity as a motive power, was also the first railroad o use Steam locomotive In thl country The Stourbridge Lion. one of the two Eng- b locomotives, was imported to this coun- and used to haul trains on the Balu- more & Ohlo, as early as 15W. the Albany & Scheuectady running. In the early Great sne Ont., and the Grand Trunk Eine find they A year later raliroad was days of ralroading on the Northers all the trains had to be sigzagged over the Cascade mountains on a “swi ick.”" 1t 100k three of the most poweriul steam locometives switeh seven passenge »ver the mountain and the labor was as nothing compared to the t time Tow a raliroad work is monumental task & huge tun- nel was bored through the mountain, about 10 mies east of Seattie, costing millions ot dollars years of toll. At the time this tuanel was od traffic on the Great Northern was 50 heavy 2s 1t is today and the tunnel worked very well notwith- standing t srades steep and the giant sieam 3 not et the were very »comotives Bt because of vigilas tne « langer the bore very oftes . ue smoke and gases equired 1o keep anyw nesr pure and the train crews were Great as the air and agal fted from their positions haif desd from sul and once & passenger o the ang to get pcatio: train became stalied uick work was re safet) unpe to & party Wenatchiee o view sthe uring on and the installati powerful electrie s for work ocomoti the tunue Steam Fower Banished. Toda. sant Schenectady. N trie locomotives by . bullt &t the Genera Hiec the tra el These giant oreepower, tests have n %.000 pounds locomotives have been in operatior sineo last July end they heul the beaviest Sleam trains, dead engives and all throug: this tunnel &t & Juod speed, which was possible for sieam power. The Wenatche. river is harnessed about thirty miles of the tunuel where 10.00-horsepower is weceraled by ihe falling water. This siec trical energy ie transmitied to the eiectricel zone about the tumnel One of the most uniGue festures of this installation is that on the descending grades the motors are changed geo- erators and aslist in braking traine down the grade and return electric energy to the X N develup more than 2.000- weigh w & tractve These wiec 1% tons, &nd o oftort of trie soutt [tpe. This is the first time this festure has | er beer . Plans have bees prejure of to Leavenworth extend the Northerr from Skyomish of fifty-seven may be largely increasing the Caseade tunne! 4 the hemvy the Great ae miles th ded apacity 4 making greater grades, the f the greates ver electrd fit to the Great Northers tticatio a Elect: n of & rain radica nge means mereiy & change of moth same standard al, can h moving the freight o think power alm v advantage, em, and pas- | & thousa cuted Altho early trifying was o tratfic ts N e until 1908 an . condity demanded steam lox state legisla and the ocomplet motives . A Large U The electrif New York The Ha dertakin road about dertaking trifind was @ mam v How & Short Welght aght ¢ ~ - ar ™ electric iooamotive before. No. N0 powert and passed the I e electr . s weigh seve steam locomot cided sheste We )t ntry Atlants best examples W ulfsor tion the o disnec Gelphia and cars inste s weveral persy Detroit River Ter and his pris Wulfson usekeep AN INSPECTOR WHO INSPECTS YARDA = oy can bandle RICK PLANT. Get WF WANT, dut w K MAN WHO CAN ake & firet clase man mark town s bullding s THRER LUMBER wore thar point for and; the richest doors. There e mined from the Sneke river There re oceans « of every description favorabie Flease WRITE satisfy yourself abomt e lo me at ence booklet sho TIoN. Has B0 WHAT IT Wikl D9 for the book. It costh mean & fortune te you S [y TH1S SE Gdress £° % MequowN, Secretary UL COM- MERCIAL CLUB, Behl léee ho than in any That's why the ther western st Burley State Bank CAD PAY & gTeater per cent of inter- est with absolute safety You can't know about this unless rou write for FREE INFORMA. 'TON. WRITE TODAY. BE SURE AND DO IT RIGHT NOW You can double your income Mid- and we par 6% r sma K the pri $25.000000. M. £ recident. is worth ai more. You can be st big. big men Be sure and write to- Browning most_as muc one with these Write today day. Buriey State Bank BURLEY, IDANO. DAVID ECCLES Presidest M 5. BROWNING, Vice-Pres. 8. GROVER, EIUE Osshier. DOUBLE YOUR MONEY IN IDARO. Ezra V. Steed of v tarmer who has wel Hooper, s A as &n e He studied as ofimate and has apple which is specially adapred on of 4,500 feet above sea t “Steed’'s Favorite’ and while the Al tonditions ted to origin elevat calls apple n shape the coloring of a of & Spitzenbers chard 3% bearing some of whick bushels last year. and . ke & ano and He now Winesap it the mark has in his his var many vear will muke b esides seven acres At f vineyer p produced &s as Iiinois and I ogress next haraist ACREAGE TRACTS FOR THE INVESTOR OR FOR THE HIS is our specmity From T One 10 One Thousand aeres. This business is made to serve your interests. No sum of money, however small, is t small 10 get our best attentiosn And no sum, however large, is too large to tax our capacity to TO PLACE AND MLACE WITH PROFIT TO THE INVESTOR. We would like to have you write to us for our booklets, literature and other informsa tion. We are eure that you want to know about IDAHO. It is the last West add the rap- idly growing section of the United States Here you n make big profits on small in- vestments. Lapd can be bought n credt Write Right Now, Write Today GRAY @ GRAY INVESTMENTS. sengers faster and better without increas- ing the trackage and working force. No changes in the organisation are required, practically, from the president to the see-! boss Eleetrie Power at “The fact steazs locomotives &re about as perfect as men can meke them and that the cost for thelr maintenance incresses from year to year has hastened the development of ic locom: tive,” sald a prominent engineer known in raliroad circles. “Today ber of the larges: raliroade have electrical zones (n operation. Wherever It is danger- | ous use steam iocomotives, Where are very sieep, whers quick and work is required and where elec- ical power can be developed chesper tru water power than from coal, there the elec- trical locomotive is working in plsce of steam and it is safe to predict that electrification will extend along the unti] every prominent ralirsad will be operated by tion Terminais. the alecir well & num. to the grades u mately t elect n tals ool when the New York Cen- triai, one of the greatest systems in the world, Geclded to electrify its New York terminal and eliminate steam power en- in wnd about New York City. There was Do Water power 1o harness like that was mapped ou tirely and term raliroad w ais Michigan The De: r tut be cor ed, will t the Mict ya od B0 es. Centr is b el. whiet hase West Detroit yards with the New Wind Ontario. The electr tunuel and approach and sidings and ebout .00 feet motives traln o ten mqtives weigh horsepower pounds et the drawhar starting s freight one as & wratr but & long elastic body, flable to be seri- y damaged by jerks and buffeting. but the electric locomotives start it 50 Smooth that danger is entirely eliminated number of steam railroud was imtead pounds end ied delivered all the ce man into ibe ha Ean ¢ i or at Wi embraces the terminal tracks a distance of of the electric an 1500 tresling eut grade at & rpeed of Each of these loco- 0 tons and develop 10 of mearly .00 The process of traln fe & delicate not a rigld mass tror inetecr livered the properly constituted with sccording urier-Journal Two over su t dealt pe mlles hour of New York Banker Dies on HUDSON, N. ¥ Sivle, president of bank of New is seat or express ti & Greendale o com t e of their planning Nevada section of U The proposed elect track and wi yeu terfalls w ssands t ation 8o oif . Load down your picnic basket With this rare, fine sparkling brew, For enjoyment it's Ser: v 140 miles extensive any stear scomot to undertaken ae be . Yyour mascot— The beer for all of | Blackfoot Man Whose Idaho Potatoes Are Famou RESIDENCE OF Blackfoot, SAM W1 1dabo M The pictures shown above give views of the farm residence of Samuel Rich of Blackfoot. 16a., famiMarly known to every wue that section Just as “Sam” Rich and of his Wb-acre potato paich. Mr. Rioh s one of the most progressive farmers in the Biackfoot section and is ome whe is making & fortune from the products of its | FRED KRUG BREWING CO. ES .’- CH_IN Prnie. T AN IDEAL 263 ac £ 3200 farmers " Adjoining teally level, just em thilabie mo a res iy m people os 11 miles fr guiden The potatces those of the Gresiey dlst ness and also In qua bushels per scre are and they find & m the Pacifie sastern states @d quality o isnd tie Xy i provuctive As high us W0 at Hiackfoo st Sakt Lake as well a8 in the of spien- t slope 1 £, L s v raine - % kinds ve pur " ed or wcooun thetr [ cotne National as iand of wame haser POCATELLO, - IDAHO welg Train 500 Bushels of Po- | tatoes to the Acre 4‘ OU kpow that potatoes are | always staple. Potatoes are like gold. The markets fluctuate very little on potatoes. And 1f you have GOOD potatoes you CAN ALWAYS FIND A MAR- KET FOR THEM. This is the most remarkable potato country | in ALL THE WORLD. Tte Spake River Valley has been known to produce EIGHT HUN- DRED AND FIFTY BUSHELS OF POTATOES TO THE ACREK. You can RAISE POTATOES IN THIS VALLEY RAISE THEM AND GET MONEY FOR THEM. Write 1o his. We have most bar illustrated | booklet writte tuis, THE TWIN FALLS Bouth- ern ldaho, t printed for a long wi rmin > WE WL TO YOU WRITE QUEST J.E TWIN FALLS about . is about TRACT to Buy Land Are You Going uying & Bome naa lands st in it trom an fud Just reaches 00,008 & reie Bc per werd. whecription. 1t will be . w— you renen. JOUENAL. etore »y iy HOME IN TES OORN AND BLUE GEASS BELT OF MISSOURL 'd town on Burlington raliway e Surrrounded by fine farms wod wealthy sality selling from 8120 1o $150 per mere. Prac r netural dra‘nage All excepting 1§ weres timber th clay siate of coltivation. Im th ns. good w and wind. f two sides. Priced $185 per ookt o e Or an IDvestment We gUATELISe wil firoad fare one way. Referedce: The Mo rolled exclus'vely by 4 mlles from another hillicot