Excerpt from Losses in Gold Amalgamation: With Notes on the Concentration of Gold and Silver Ores
It is certain that new machines and new processes are, and will be, given attention by mining men in proportion to their probable merits; but the proper place for experiments is in a mill already as suc cessful as known processes can be made. In a new enterprise, even when the expense of an experiment is undertaken by the inventor, the loss to the mine owner in case of failure must be very great, both in time and general running expenses. Directors should not believe that a willingness to risk cash in proving an invention is necessarily any proof of value of the same it is only a measure of the faith of the inventor, which is hardly a safe standard by which to risk shareholders' money.
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