Show UTAH MINES FOR UTAH PEOPLE while it is universally conceded that little if anything can be accomplished in the way way of developing deve lopina a prospect to the stages of a profitable mine without the operation cooperation co of capital with labor it is a mooted question if the securing r of home capital is not preferable and ultimately more advantageous to local enterprises than the engaging t of outside or european companies compa pies by way of illustration a comparison is offered between the existing conditions of utah and colorado while it is not generally known or accepted as a fact by the in majority of people not fai familiar nillar with the true situation the leading dividend paying 0 mines of utah in the actual disbursement of earnings and profits exceeds those of colorado by almost two to one to be correct or reasonably so the official figures given for fifteen of the largest dividend paying mines of colorado for 1899 are 11 as against for utah it is not intended to convey the idea that in the actual production of metals utah outranks ou colorado because such a statement would be incorrect but the claim is made and can be substantiated that in the division of dividends and for the revenues coming d directly L from mining operations a greater benefit is enjoyed and participated in by the people of utah than that derived from the same sources in colorado the cause is easily understood the people of utah have retained their respective interests and holdings while the colorado folks have apparently eagerly let theirs go for r or some years there has existed in colorado a sort of mania to induce foreign capital to invest in their great areat mining 11 operations and today the product of many of her camps goes abroad this may be truthfully said of cripple creek where the output for the first six months of this year amounted to tons with an estimated value of and it is fair to say that fully of that vast sum went to foreign owners and what is so of cripple creek is in a great measure true of other mining sections of the state and it ii in a great way accounts for the lack of prosperity that should but does not really prevail in so wonderful a state as colorado fortunately F more favorable conditions exist in utah while it is true that non residents are largely interested in the earnings of the many notable mines of park city bingham mercur and other localities the majority of the holdings are retained at home and the inestimable benefits of monthly distributions from these money makers renders their influence more widespread and pronounced mines big or little are not bought nowadays without an established proof of their intrinsic worth and more than likely probability of paying the purchaser three dollars for every one invested it should be patent to every utah miner that when any local proposition is good enough for across the water people to buy it should be satisfactory evidence that it is good enough for home folks to own and work in other words when outsiders can figure 11 on dividing Z the earnings of our home products for years to come it is just as well for us to try to keep them here and circulate the profits anere they justly belong |