Show What Happens To The i I Money Of A Mine t pIp A TO LAg 0 R c sr o. o 0 0 F Fo o DIRECT DU COST c 0 2918 29 18 N Q Obi 4 S T rt 0 a Noy C Kyo o w rl Oe oe j y RS SUPPLIES t 7 Z Av 3 5 to v C 1 05 r t o 9 o oA A v ec 4 Fi t rw Quo y r 5 ti o is ti Oy 2 Q P Ps S p Re s P 86 as TAXES REF I A breakdown of the expenditures of or a mine reveals re how money stows bows I In Jn to the state through labor bust busi business ness and anil Industry A mine harvests harvests har hare vests the crop of or I. I minerals sells the product on markets largely In tho the Olst and then returns the receipts for employment em ern in the state Tho The accompanying chart shows what became of the I. H. H gross value of metals produced by bythe bythe bythe the North Lily Mining company from 1927 to 1939 Inclusive e The mine was brought into production In 1927 1921 The figures do not riot take Into account several hundred thousand thou sand dollars spent in development work prior to 10 the tho dl ery C verv of or the mine In all probability the development deve dove expense over a t period of approximately 20 years before ore was discovered amounts to exceeds ex ox coeds eds that received by ers erB The amount received by stockholders was 50 or 11 1177 77 per cent of the total produced t No dividends have been pal paid In Inthe Inthe the tho last 8 years cars and moreover If It the ore body were encountered today tollay tho the cost of mining It would b In substantially substantial more due to added expenses In recent years The chart shows that the largest shire e of ot the gross receipts during th the 12 year ear period went direcTly to labor with workers at the mine and smelters receiving 29 2915 IS per percent percent percent cent of the total of 09 Labor also participated again agaHI In handling the freight Ing and shipping supplies mining coal for the mine and miners etc After labor received Its pay it went Into other othel channels of business busi busi- business ness and Industry Taxes paid during the period p amounted to and today would be considerable more on an equal sized ore are body du due to added taxes The desirability of opening no DON nou mines for the states state's li it readily Illustrated by the chart |