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Early Le Roi mine tale shows risks and riches in mining stock
The narrative recalls a St Paul gentleman who declined a $6000 one fifth share in the Le Roi mine, then notes London sales at $5,000,009. Cecil Rhodes extols mining profits, arguing mining stocks offer high returns and safety compared with bonds. It questions why promoters seek broad subscriptions and urges cautious, capital-light “commercial mining.”
MENTIONED IN THIS ARTICLE
Morris Yentel
Moscow
Idaho
le Roi Geld Mining Company
le Roi
St. Paul
London
Cecil Rhodes
South Africa