protects the mining investor. Nobody guards the widest open gate
into the savings deposits of this country.

The American Mining Congress, it should be stated, had a quasi
pre-inaugural pledge from President Taft in favor of a Federal
Bureau of Mines. Toward this we have made a start. A bill
establishing this Bureau has already passed both the House and
the Senate, and bids fair to become a law. But the activities of
this new department will be confined to safe-guarding
mineworkers. The next step should be to enlarge the province of
the Bureau so as to include the supervision of the mining
industry for the protection of investors.

It seems quite likely that the states and the nation will need to
unite if adequate protection to the investing public is to be
expected. But when did state and nation unite to solve a great
popular problem? When did section ever unite with section or even
resident with nonresident? This is America.


THE ENGLISH WAY OF MINING--HONEST BUSINESS

Back of any movement of this kind there must be popular interest
in popular education. Thus far, the greater publicity idea is of
more value than anything at hand. We may perhaps. best do our own
little part by offering some studies in the theory of mining,
showing just WHY it is risky, and just HOW we ought to tabulate
the risk. In addition to this, we can present, and should perhaps
first present, some of the results of intelligent mining as
pursued in other countries.