The Secretary of the American Mining Congress, Mr. James F.
Callbreath, offers the following comment:
CAMPAIGN OF THE AMERICAN MINING CONGRESS
"I do not believe that any one law can effect protection to
mining investors, nor that the protection afforded through the
Post Office Department forbidding the use of mails for fraudulent
advertising matter can fully cover that ground. The greater part
of mining frauds are perpetrated without the use of the mails.
"The proposed law, in our judgment, is the longest possible step
toward preventing mining frauds. A second step has been taken in
the form of a publicity law. My belief is that no system of laws,
either state or national, will prevent men from gambling in mines
more effectually than such laws now prevent gambling in its more
common forms. These may restrict and furnish protection to those
who are wise enough to open their eyes, but it will be impossible
to protect all the fools all the time. It is the purpose of the
American Mining Congress, after having secured the enactment of
laws providing penalties for fraudulent representations and
requiring publicity, to perfect an organization to SECURE
EXECUTION of these laws, and also to carry on campaigns of
education showing to investors, first, that mining is a
legitimate business and not a gamble; second, that mines are
found and not made; third, that investments in mining should be
made with the same care and prudence exercised by business men
when embarking in other business enterprises.
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