officers, reports of directors, giving details of the condition
of property, including the development work, the tonnage of
production, the values recovered from such tonnage, the costs of
operation, the profits for the period covered, the balance sheet
of accounts, the profit and loss statement, including a working
cost estimate, the appropriation list showing what has been done
with all the earnings, the reports of managers giving details of
the development work, the estimated values of ores EXPOSED ON
THREE SIDES, the probable values of ores not so well exposed, the
working expenses, the construction account, general remarks on
the physical condition of the property, and a map of the property
itself.

What American promoter would trouble himself to make such a
showing as that to the American sucker? Even if such detailed
information existed in the records of the average American mining
concern, the sucker could not get access to the books even did he
have the temerity to demand it.

Professor H. S. Munroe, of the Columbia School of Mines, when
asked whether such a thing as general supervision of mining
investment could be possible, answered: "Yes, if some
philanthropist will give us ten millions to endow such an
institution, and maintain a corps of engineers in the field who
will do work similar to that accomplished by J. Curle under the
auspices of the London Economist. Such work should, of course,
cover all incorporated mining companies, not merely a few hundred
of the more prominent gold mines; and it should be continuous and
not spasmodic. Such a plan is of course Utopian, but I feel that
anything less would be likely to do little good. Even Curle's