FREE BOOKS

Author's List




PREV.   NEXT  
|<   92   93   94   95   96   97   98   99   100   101   102   103   104   105   106   107   108   109   110   111   112   113   114   115   116  
117   118   119   120   121   122   123   124   125   126   127   128   129   130   >>  
o-operative system all that each individual mine would require would be a qualified, practical miner capable of opening and securing the ground in a miner-like manner, and a good working engineer; and in gold-mining, where the gold is free in its matrix, a professional amalgamator, or lixiviator. For the rest, half a dozen or more mines may collectively retain the services of a mine manager of high attainments as general inspector and superintendent, and the same system could be adopted with respect to an advising metallurgist and an engineer. For gold, as indeed for other metals, a central extracting works, where the ores could be scientifically treated in quantity, might be erected at joint cost, or might easily be arranged for as a separate business. A very fruitful cause of failure is the fatuous tendency of directors and mine managers to adopt new processes and inventions simply because they are new. As an inventor in a small way myself, and one who is always on the watch for improved methods, I do not wish to discourage intelligent progress; but the greatest care should be exercised by those having the control of the money of shareholders in mining properties before adopting any new machinery or process. We have seen, and unfortunately shall see, many a promising mining company brought to grief by this popular error. The directors of mining companies might, to use an American saying, "paste this in their hats" as a useful and safe aphorism. "LET OTHERS DO THE EXPERIMENTING; WE ARE WILLING TO PAY ONLY FOR PROVED IMPROVEMENTS." I can cordially endorse every word of the following extracts from Messrs. McDermott and Duffield's admirable little work, "Losses in Gold Amalgamation." "Some directors of mining companies are naturally inclined to listen to the specious promises of inventors of novel processes and new machinery, forgetting their own personal disadvantage in any argument on such matters, and assuming a confidence in the logic of their own conclusions, while they ignore the fruitful experience of thousands of practical men who are engaged in the mining business. The repeated failures of directors in sending out new machinery to their mines ought by this time to be a sufficient warning against increasing risks that are at once natural and unavoidable, and to deter them from plunging their shareholders into experiments which, in ninety-nine cases out of a hundred, result in nothing but excessive and needless
PREV.   NEXT  
|<   92   93   94   95   96   97   98   99   100   101   102   103   104   105   106   107   108   109   110   111   112   113   114   115   116  
117   118   119   120   121   122   123   124   125   126   127   128   129   130   >>  



Top keywords:
mining
 

directors

 

machinery

 
fruitful
 

business

 

processes

 

practical

 

system

 

shareholders

 

companies


engineer

 
OTHERS
 

popular

 
McDermott
 
Duffield
 

company

 

Messrs

 

brought

 

extracts

 

aphorism


endorse

 

cordially

 

WILLING

 

EXPERIMENTING

 

IMPROVEMENTS

 
PROVED
 

American

 

increasing

 

unavoidable

 

natural


warning

 

sufficient

 
failures
 

repeated

 

sending

 

result

 

hundred

 

excessive

 

needless

 

plunging


experiments
 
ninety
 

engaged

 

listen

 

inclined

 
specious
 

promises

 
promising
 
inventors
 

naturally