Show DIVIDENDS FOR 1902 the success of any enterprise is measured by its earning capacity this is the case in mining as well as in industrial and manufacturing pursuits sometimes more notice is taken in mining circles of ore than is the case with the mining share investors it is often nie ae case that a heavy tonnage means nothing more than the payment of running expenses this is good for the camp in which such a mine is located for it means the circulation of money in that locality it is not what the investor is looking for however and all his interest is centered in the net earnings of the property in which he is a shareholder in its dividend paying capacity such being the case the success or failure of a mining proposition outside of the mineral bearing states and territories is based upon the record made in dividend disbursements is eminently right and proper in many of the mining states of the west it is almost impossible to ascertain the tonnage of the different mines but at the close of the year it is a comparatively easy matter sto to compile the record of dividend payments made and this record is the critical test of the success of mining operations in any given locality through various channels the mining review has been able to obtain the divi bend payment record of the various mining sections of the united states british columbia and mexico by mining companies the record in a nutshell being as follows mining dividends paid in 1902 laska alaska arizona british columbia af a f ornia colorado idaho 66 1000 montana michigan missouri mexico I 1 nevada oregon south dakota utah from the above it will be seen that the mines of utah stood second in the list in ene cue way of dividend payments being next to IvIon montana tana as a wealth producing state and leading colorado by over a million the if mining fining review has long contended that utah paid more in dividends than colorado but it was difficult to convince mining men that this was actually the fact anly adly because that in colorado there are a hundred producers to one and yet the records show that during the year 1902 lorty forty two colorado mines paid only in dividends while for the same period twelve utah mines disbursed the handsome sum of among its fortunate stockholders we know that comparisons are odious but we feel that it is due to the mining interests of utah to present the facts showing that although mining in this state is still in its infancy that still it ranks second in the way of dividend payments in the list of mineral producing states and territories this is almost beyond belief but cold figures bear out the assertion what detter inducement can be set forth in the effort to interest capital in the unrivaled mines and mining districts of the youngest state in the union |