Show PROFITS IN MINING a financial and mining papers are having a great deal to say of late regarding the profits to be paid in mining and almost without exception they agree as to the legitimacy of the pursuit and the many avenues this industry offers for safe and profitable investment and for the accumulation of great greaf wealth and princely fortunes there are many who claim that more money is lost in mining than there is made it is easy to make such an assertion but not so easy to substantiate such a statement by facts it is undoubtedly the case that a great deal of money is lost in mining ventures but without doubt those suffering 1 i ng from such losses would lose if they engaged gagelin gag edin in any other occupation or pursuit for they are not money makers and would go broke if they were to find a mine productive of 10 gold pieces they are lacking in the essentials necessary in the makeup of a good mining man investor or speculator in other words their judgment is faulty and they are as apt to invest in a worthless mining proposition as they are to pick out a property of genuine merit and value and yet they will condemn mining in all its branches and make asses of themselves by constantly reiterating iterating re the threadbare phrase that mining is a failure if mining is a failure why is it that every year sees great additions to the army of men engaged in this fascinating industry if it is a failure why is it that every year we have more mining kings than railroad millionaires if mining is a failure why is it that mining men are building palatial residences in the great mining centers of the west if mining is a failure why is it that men who two or three years ago were going about with great patches on the seat of their pants are now the best dressed men on the streets and who have large sums on deposit in our local banks if mining is a failure how do you account for the rapid rise in the mining world of such men as senator W A dark clark senator thomas kearns samuel newhouse captain j R delamar an and d scores of other well known mining men who are now pointed out as s money kings but who a few years ago were accounted as poor men and who were engaged in various occupations that brought them but a mere pittance page upon page might be written to prove that mining is not a failure argument after argument might be advanced to show that the industry is strictly legitimate and the names and successes of thousands of men might be cited to show that no surer avenue exists for the making of money would be wasted upon the wavering ones and could not strengthen the faith of those who believe and know that mining is better than banking better than railroad stocks and better by far than any other industrial or commercial pursuit if mining is a failure how can one account for the fact that utah mines since the year 1876 have produced in the precious or baser metals and can anyone believe that in the production of this princely sum that more money has been expended and lost in operations than has been made in the shape of net profits if mining is a failure how is it that the silver king mine of park city in its dividend disbursements pays the investor fourteen per cent interest upon his investment that the daly west of the same camp pays twenty three per cent that the grand central pays twenty five per cent and that the utah consolidated is able to pay 4 a share in dividends to its shareholders annually can any other investment eclipse this from fourteen to twenty five per cent on an investment is a proposition that should appeal to avd every ry person who is seeking for good profits and especially so when compared with industrial securities bringing from two to six per cent per annum and the mines of the west offer hundreds of opportunities for the making of similar investments in speaking of mining and of those who consider that it is the greatest of all industries the backbone of the financial world we deem it fitting to quote what cecil rhodes one of the great mining magnates of if the age had to say on this subject before his death mr rhodes said 1 I speak advisedly and say what every man who has investigated knows to be the truth that less money is lost proportionately in ill mining than in any other business in the world and larger fortunes are made in mining and in the investment of mining stocks than any business or any investment on a earth A good mining stock will pay the investor more easily twenty thirty fory IY and per cent annually than municipal bonds railroad bonds and stock or gov ern rement ment bonds can possibly pay five per I 1 ent cent money invested in a good mining arto ck k is safer than in a bank than in mort sages gages railroad securities municipal or gov bonds the security of good mining stock is the raw material of money itself it is the stuff at whose feet gov governments erime rits cities banks railroads mortgages land corporations and all forms of business kneel |