Show PROFITS IN MINING A real estate man made the statement in this office not long ago that he had cleared per pei cent on a piece of ground and made the boast that such interest on an investment is impossible in any other line lille of industry he admitted that he had held the real estate for a matter of fourteen years while this increase in value was taking place which brings his interest down to per cent yearly at simple interest and considerably lower at compound and the latter is of course the way that it should be figured that is good interest on any deal regardless of the fact that his investment must mu be considered as an exceptional case a rare exception yet it may be interesting to challenge his statement that such interest is impossible in any other business for instance the stock of consolidated virginia one of the leaders of the comstock lode rose from 17 cents to a share a clear gain of per cent and it did not take fourteen the feat tea years to accomplish ar and d belcher went from 1 to 1525 a share crown point from 2 to 1825 on the face the latter two appear t to 0 have regis te red a lower percentage of gain than the re real al estate but when it is considered that th diey ey made their gain in two years or less i it is seen that the figures are decidedly in f favor avor of the mines f these are not isolated examples but are used sed here because the figures happen to be at hand the history of mining is replete with just such cases hundreds of mine stocks could be cited which have made sensational climbs ball all down through the ayears years to the present time t but figures are tiresome at the best concrete examples of quick wealth health are never lacking in mining and we wish to call the attention of our real estate friend to to two recent incidents george daily a mining man of tucson arizona one day last fall hired a mexican to blast stumps the latter noticed galena ore under one of them and took samples to daily offering to sell out for 10 with the provision that he be retained to do the assessment work the latter amounted to 20 such was the beginning of the stump mine four months later daily sold the property for the interest on this 30 in four months when raised to the fourteen year basis is at the rate of but what is the use the other case is that of the beeson tungsten property located near lovelock nevada mr beeson recently received a telegram directing him to report at chicago to settle up the final details of the sale of this ground and to receive the first payment less than two months prior to this the group of claims was government land open to location by any citizen of the united states including real estate agents book agents and road agents however mr beeson is a mining man and prospector the sale price of the ground is again the per cent in fourteen years would appear to be eclipsed |