Salt Lake Herald-Republican | 1915-09-05 | Page 70 | Extraordinary Claims Made for Mining

1 t j EXTRAORDINARY EXTRAORDINARY CLAIMS I. I L I MADE FOR MINING MININ I TINY T article on mining Possibly no other In general has hns attracted as us much notice as the followIng which appeared l for tor forthe tho the first nut time lime in tho the columns of Tho The Horald on n Juno June 20 1 1315 1915 15 It a awas t. t was was afterwards copied by nearly neatly every oth other r newspaper In the tho wu t which has haa hasto to do with the tho mining Industry The Tho circular wo was received recel originally 1 by A A. G. G a n Salt S I-ako I City mining engineer from Mr fr Lawrence It appeared appeared ap ap- as follows follow In these columns column On One of ot tho the most striking claims for tor mining is made b by Chester R. R Lawrence Law Law- rence a Boston Mass financier who has hns Just Issued a statement giving tho thu average returns from capital Invested In tn various industries and he says that mining pro profits tits lead all ill the others Mr h Lawrence Is us personally known to a a. number of ot Salt Lako mine operators orR H He has hag been In tho the stock and anel bond business for tor or the past twenty fiver years ears Among mon his man many projects he financed the Empire Copper company of at Arizona His statement is as follows Tho The National Banker in a a. recent nt I issue suo makes makos the unequivocal statement that the tho combined dividends raid paid b by bythe bytho tho the gold and silver companies of or tho the United XI StatoR States are ure greater than the tho combined dividends paid b by all the banking banking- Institutions in the tho United Sta States tes That the combined dividends paid by hy the tho e c copper companies of the e United II States are arc greater s-reater than the combined dividends paid by all of tho the railroads In the tho United States Slates and that 52 per percent percent percent cent of oC the freight hauled b by these same name railroads Is either olther oro ore or some commodity connect connected d with the tho mining and milling of or oreTo oreTo ore To this somewhat astounding and not generally known fact and Dunns Dunn's commercial agencies supply supply sup sup- pi ply the somewhat startling addenda that but 36 30 per cent of ot all aH the legitimate mate male mining investments In nil fall as against 5 J per er cent In general commercial commercial commercial com com- mercial lIne six Seventy mines of ot the United I States have havn paid dividends In 1914 up to October 1 lover over I During 1907 was lost In gilt gUt edge securities and about as ns much during tho the past two years cars which h was more than W was S ever lost In mining Moro More mone money had been lost through h banks In tho the last five years ears than was lost In mining In the past fifteen years car Government figures show tho following following fol fol- fol- fol lowing returns on capital Invested Per cent I Railroads 3 1 National banks 61 1 Insurance 11 11 Lumbering 1 14 Manufacturing 20 O 0 Mining