Show A DIVIDEND PAYER I 1 people who invest in mining securities expect and justly so that dividend pay ments will be forthcoming within a reasonable length of time in many instances their expectations are fully realized and these are ever ready to maintain that mining is legitimate and that the purchase of mining stocks is a profitable investment there are more instances however where failure is chronicled and where the acx ious stockholder after months of patient waiting is fully justified irr in his complaint that returns have not been received according to promises made and yet the property in which the latter is interested may be fully as rich and valuable as is the one in which his more fortunate neighbor is interested and from which he e is drawing down reg aar dividend disbursements to make a dividend paying mine three conditions must exist first there must be ore in the mine and plenty of it if second the management must be both capable an and honest and third the company must have sufficient capital for the development and equipment of its property without the first requisite no company could succeed no matter how capable and honest its man argement A really good mine will some come times pay well under mis and extravagance but no mine however good can be made a success without sufficient funds for its development and operation strictly speaking the first and third conditions con di must exist in order to succeed in mining operations A bad or poor management can be replaced with the needed article almost at any time for there are any number of good and capable men to be secured in this intermountain region and it does not take long to find out if the affairs of a company are being honestly conducted A reliable and experienced mining expert can very nearly tell if a certain property is likely to be productive of pay ore with development errors in mine management are easily corrected but it is in the matter of ample fu funds ads that most companies fail this then is really the main stumbling block in the path of successful mining operations and the lack of money for development and equipment is the cause of more failures in mining than is the lack of mines with ore in them or the incompetency and dishonesty of mine managers A big company backed with all the means necessary hardly ever fails of success cea on the contrary it is the little fellows who put in a few hundred a few thousand and who are unable to interest the requisite capital for further operation who meet with failure although their property may be fully as valuable and possessed of as much prospective merit as is the mine that has been placed on a dividend paying basis because its owners were able to put thousands or millions into its proper development and equipment before venturing into mining enterprises the prospective investor should study well the three requirements for the making of a dividend paying mine for it is a waste and loss of money unless the first and third conditions as above stated are well provided for |