| Show THE SHOWING FOR THE YEAR the mines of utah have done much during during the past year in increasing the circulating M medium of the afie country and have added much to the imperishable wealth of the world in commenting on the ear earnings ninas of a mine but little stress is laid on the enormous amounts expended in development in machinery equipment and in labor and freight and smelting smelling sm elting charges still this phase of mining should not be overlooked or ignored mandred as much if not more is put into general circulation through these channels than is the case in dividend disbursements and a company which gives employment to an army of men which spends thousands upon thousands in mine and mill equipment is as much a benefactor as when it is disbursing dividends to the stockholders and the sum total expended in this manner is entitled to as much consid aaion in dwelling on the profits made in mining ing as are the amounts paid out in dividends the money paid but in mine operation is not lost to the world and is not sunk as many would claim as the various sums disbursed to the contractor the mine and mill superintendent the miner the railroad and the smelter readily find their way into the channels of trade and c commerce om merce as the grocer the merchant and the general dealer early absorb it and its circulation becomes general in fact without the monthly payroll there is not a prosperous mining camp in this western country but would soon fade out of existence and were it not for these substantial and active camps business would soon become at low ebb at this and every other commercial center in this intermountain ref region fion while in them trade and business is greatly beatly stimulated by the dividends declared and paid by hun deeds of mining companies it is very difficult however to obtain sufficient data to compute the amounts paid out by these companies in the way of wages and mine and mill equipment and in the purchase of new territory but it is an easy matter to ascertain the amounts paid out in dividends by companies who are not close corporations the total for utah mines for the year making a handsome showing as follows UTAH DIVIDEND PAYERS bullion beck centennial eureka daly west gravid central geyser marion horn silver mammoth mercur ontario 15 petro silver king sacramento south swansea swansea utah 2000 total in addition to this there are many companies such as the eureka hill the gemini keystone the godiva the uncle I 1 acle sam and humbug the highland bov the old jordan gal galena na and de lamars G ddn gate which have paid heavy dividends which have not been made a matter of public record while there are innumerable individual mines which have paid their owners handsomely but concerning cerni ning nr which no nothing thino 11 is obtainable for pub li cation so that it will be seen that this has been a prosperous year for mining camps and that the mines of the state have not been tardy tarda in responding to the magical touch of capit capital al and labor |
