The Gold Brick and the Gold Mine: Fake Mining Schemes That Steal the People's Savings

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Mining is a legitimate and honorable enterprise. It contributes immensely to the national wealth. It has been the source of some of our great fortunes. Because there is something magical in the suggestion of gold or coal or copper taken out of the ground, sharpers have made mining an instrument of successful deception. They have tricked people into investing their savings in worthless or even non-existent mines. Perhaps you who read this have bitten at an advertisement in a reputable publication, which pretended to place the wealth of some western El Dorado at your feet for a few hundred dollars. Doubtless your money has disappeared. It is for the purpose of giving you the protection of a knowledge both of legitimate mining and of the ways of thieves that this article is published. AMERICA is the land of the free and the country of opportunity for all. Incidentally, it is free hunting-ground for sharpers, and a land of opportunity for the unscrupulous. No such chances for fraudulent business exist anywhere else in the world. Americans are the richest people on earth, and the most easily parted from their money. Those whose sole ambition is to get rich quick very frequently help some other man to get rich quick. Society owes no debt to either of these. It is obliged to support them both. This is wrong both as a moral and as an industrial proposition. Once, a dollar was spent to mine a dollar. To-day two are spent: One dollar goes into blasting powder, the other into advertising and office furniture. No doubt you have heard the age-old legend of the Mother Vein of Gold, which appears and vanishes, now and again, in this corner of the world. Superstition regarding this great original vein of gold is found wherever men seek the precious metal. The feverish Spaniards called this phantom lode the Madre d’Oro, or “Mother of Gold.” Now it is located in Mexico, now in India or Peru, California or Australia. Tradition says that Montezuma got his gold from this great vein, which lay in a secret valley whose whereabouts was jealously guarded by three priests of the war tribe, sole possessors of the knowledge. Any intruder who by chance or design looked down into this valley was smitten absolutely blind. Tradition among the successors of the Aztecs says that when Montezuma passed, the Madre d’Oro sank back again into the earth, and has been seen no more. Men still follow the phantom vein. Those who see it, even in their dreams, still are smitten blind.