If honest work were done the different transactions

17 Dec

If honest work were done the different transactions would be something like the following. A miner or prospector visiting a prominent banking house with a proposition would be heard and his claims given to a suitable person, perhaps an employe in charge of the mining interests, who would investigate and finding the proposition questionable would so report to the house, but finding it desirable the business would probably be taken up, a mining engineer and an economic geologist would be called; and if they found it favorable, a banking house of standing would presently be "offering a desirable mining stock, and a reputable promoter retained by them would be pushing about and developing a market; then it would be that the prospector, the promoter and the banker would have been brought together on a proper basis to serve the investor. If such ever comes to be an established custom and investors will seek their bankers as the proper medium through which to obtain mining stocks, and if the bankers, not unmindful of their public duty have at their command real advice from competent engineers, geologists and local representatives near the mines, a sort of Utopian condition will develop in mining; and very few questionable propositions will be able to get through the offices of watchful banking houses, and reach the public to the disadvantage of those who may invest.