Show A PERMANENT investment mining investments are somewhat different from the purchase of stocks in other lines of industry and for the reason that every ton of ore extracted every dividend paid lessens the resources of the property in which the investor is interested although as in many cases it may be many years before the property reaches a state of exhaustion or before it fails to return profits to the investor but the time ultimately ti arrives when the mine is closed down as being worked out the shareholder has been many times repaid for his investment and is probably well satisfied and yet he would be better pleased if conditions dit ions which had been so satisfactory could be continued indefinitely but the company usually dies a lingering death and its history in course of years is pointed to with pride by those familiar with its operation this condition however while it obtained during the early methods of mining is now being radically changed and it will not be long now before mining investments will have the same permanency as that which is generally attached to industrial and other stocks and for the reason that mine managers although meeting with a maximum of success in their operations are acquiring the habit of looking ahead and preparing for the day when the treasure vaults under their care shall have become worked out and so im ed as to be no longer susceptible to response when called upon when this time arrives under present day methods it will be found that the company during its halcyon days has had us its anchor out to the windward and that it has had the good judgment to secure other valuable property which at the proper time will prove to be as productive as rich as the mine from which dividends have for so long a time been forthcoming and the work of production of profit taking can go 1 along without a hitch almost without notice when the time arrives when the old mine ll has as been exhausted in this western country instances can call be cited by the score where successful mining companies have quietly secured possession of what might well be termed 11 auxillia ry ground which when desired can all be drawn upon n and utilized in maintaining regular ore production and regular dividend payments in such a company a stockholder need have no fear that a time limit has been placed upon the earning power of his holdings for the system and policy adopted by the company is almost a guarantee that during his life and for himself and ills his childrens children an investment has been made that is almost as safe and permanent as government bonds |