Show raining AN IMPORTANT FACTOR in the present day and age no one can deny the fact that the mining industry presents an important factor in the commercial world twenty years ago although mining was then extensively engaged in in several western states still the carrying on of mining enterprises was not national in its character and those engaging in raining mining pursuits were regarded as being shar pers or lacking in intelligence and good sense now however the brightest men of the day aar aggregations 6 gregat ions of capital and companies and syndicates di cates composed of men of note in the financial and industrial world are heavily interested in mining and to such an extent has the industry appealed to men of means and of high standing that thac there is hardly a city of note in the united states that is not directly or indirectly interested in the development and operation of mining m ining propositions throughout this intermountain district and there is hardly a mining section of note in the west but that has been bene fitted by this infusion of new blood and ready capital As a matter of fact mining now exercises a mighty influence throughout the financial and commercial world and in due time it promises to 1 become beco ifie the basis on which will rest all other commercial and industrial pursuits and the simple reason that the mines of the for colin c 0 try furnish the metals upon which endur ily wealth is based it has taken an age almost to upon the public mind the importance of rain mm ing operations to show the world that stable financial condition cannot alone be lw maintained by the production of wheat and corn cotton cattle and sheep but that back of these industries there must be so something methin more substantial something that rep represents reser 1 true values something that represents ulti alti mate redemption and this is gold and silver with their byproducts by products copper and lead leada this is why mining is so popular and this is why men of abilia ability y I 1 intelligence and of unlimited means are now looking to the minin sections of the west and who ar are e bac backing kinc ym up their convictions and judgment so lib liberally brally with the thousands u upon pon thousands which have so long been locked up in bank vaults because of no apparent avenue for profitable investment in nearly every money center at the present time more attention is being paid to investment in mining properties and in mining stocks than in in any other industry or pursuit railroad and industrial securities are taking a back seat when it comes to mining and colossal combinations of capital are being diverted from the wheat pit and from the cattle marts to the mining camps of the west the result being 1 that the output of the precious metals is being 11 materially increased while the dividends and profits accruing are mammoth in their proportions and to such an extent that millionaires are almost daily being made while the smaller investors following in the footsteps of the big bia promoter are meeting with success far in excess of their most sanguine expectations in fact mining now has such an influence in financial and commercial circles that the industry is no longer looked upon as hazardous and a 21 gamble on the contrary it is lowre now regarded gard ed as being perfectly legitimate offering as it does opportunities for safe and profitable investment such as cannot be found in any other pursuit or business this condition has led to a wonderful revival in mining affairs in the leading camps of utah of the west of which present conditions are but the promise of what is in store for the mining industry in the near future |