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Show ENGLISH v. AMEHICAS VM'l-I VM'l-I T A Ij . 1 Salt Lai;k Cnt April , EJit rr iJrr.dd: 1 When our live men of mull nieaos, ' thoiiirh thy pjsstfs talent, ability and . are cmim-titly practical in every sense ; of tbe word, iind themselves hampered 'in their projects, whether manufacturing, manufac-turing, mining, etc., they naturally seek some source from which they can ' obtain the proper means for the prose-Icuiiuii prose-Icuiiuii of their bo hemes. Now, we all know thn torriblo . disadvantages under ; which Auiuricaus labor particularly in the wr.-t, owing to the txco.-ivc rates of intere.it which we have to pay I iur money, even upon the very bo,t of , feturitict, as Cuiupartd with rates at which capital can be had in Kurope. j Now when we arc operating in mines is this fact most thoroughly displayed, j These, although they may bo well de-vclued, de-vclued, capitalists here look upon as very doubtful securities tor loans, and ; after exhausting all his own and his i friends' money the miner, ai the only , remedy, borrows at from one to ten ner cent, per month, knowing that liis mine is good. Jienewal alter renewal re-newal Ibrccs him finally to part with I property of often immense value. I I hese proportion ho tiuds he can place ; at better ugurcs in- a lorcign market than at home, so that our best properties proper-ties are pasing into Knglish aud European Eu-ropean hands. They, it will bo at once seen, can atford to pay belter prices than our capitalist.", when money only costs them from i to i percent, per month. If our moneyed men would exercise the same caro that foreigners do, in thorough examinations of the mines, they would soon find their profits in returns re-turns that otherwise go abroad. The success of Koglish mining companies on this coast ia only too Well known. |