| Show h hh h i 4 The Truth Abc About ut Mining As Shown by Statistics An article entitled The Truth Troth About Mining is being given givena a B little private circulation because of its of-its its cut clear statements about the Importance of the mining industry ITS AUTHORSHIP IP IS UNKNOWN UN- UN UNKNOWN KNOWN INQ TO US It i it well wo worth reAding redding It is as follows IA t I tA A president of one of the largest national banks of Chicago was criticized by his brother presidents because he had become largely interested interested in in- in a gold and copper mine mina in the Rocky Mountains He answered answered an an- ICI s I CI Throughout the Rocky M Mountains ages gone God built stronger vaults in his granite banks than ours ours He lIe filled lilted these vaults with gold g ld silver sUver and copper He lie gave the prospector knowledge and insight and guided him on his way to to the door of the bank vault The Federal government handed him his patent title to all therein It is no crime but a virtue to enter With drill blast pick and spade the poor poo man max broke the combination lock and entered But BuE for him our notes in issue is issue issue is- is sue would be as the currency of 1857 But for him this government would be bo bankrupt Mines Mines will be producing millions ingold ingold in ingold gold silver and copper co per in that future futuro day when national banks backs are unknown Remember a mine is simply a a crop already raised harvested harvested harvested har har- vested and deposited in the bin or bank You check it out at your pleasure r The wealth gathered from the t e mines ines immortalized King Solomon Mining made Rome the mistress of th the world Mining made Great Beat Britain the worlds world's commercial dictator Mining made the United S Stat t es the richest country in the w world Show me a country that has no mines and I will show you a people sunk in degradation of poverty poverty poverty ty and poverty makes cowards of nations as well wen as men Mining has transferred more broken men and nd tramps into millionaires and placed them in positions of honor and t trust t than any other business Without Without With With- out the miner you would not have a frying pan a spoon or a hat pin Eliminate the miner and you wipe out civilization A nations nation's prosperity prosperity pros pros- depends largely upon the extent variety and development of its mineral resources resources Gradually Gradually but s surely rely the mining industry is finding its ts pro proper er place in inthe the investment world For years it has been by y conservative investors not be because ause of its worthiness but rather because because be be- cause of ignorance and prejudice The unbridled wildcat promoter has been the underlying ca cause e of this condition and the lack of publicity of-publicity and of government supervision or control of mining affairs has permitted him greater latitude in which to work than in any other ther line of business Considering the magnitude of the mining operations in this country country coun coun- try it is hard to account count for the absence of a national mining bureau bureau bur bur- eau which would bear the same relation to the mining industry as the the Department af of Agriculture bears to agris The establishment nt by bythe the government of ff a mining department will undoubtedly receive the attention of C Congress before IOD long and if favorably favorably fa acted upon will go far toward placing pl mining on a proper proper footing It is doubtful whither r the majority of of f the people of this comprehend what a great factor mining is in in the- the wealth and prosperity of the nation The following figures compiled by the United Stat States es Census show that Farming Panning produces annually per lier capita Forestry industries es produce annually per capita Manufacturing produces annu lly per c capita pita Mining gold silver copper lead d and zinc produce annually per capita a. 01 The The- National Banker in a 11 recent issue makes the unequivocal state state- statement state ment went that tl the c combined d dh dividends denda paid by the gold and nd silver companies corn com of the United Stat States s are are greater than the the- combined dividends paid by all an the banks of the United States That hat the combined dividends dividend divid divid- ends ends- ends end paid by the copper companies of the United S States tes are r greater ter than the combined dividends paid by all the railroads railroads of th the United States that States that 52 per cent of the freight handled by by- these samer same railroads railroads railroads rail rail- roads is either ore or some connected with wim the mining mining- and milling of the ore i According to Bradstreets Commercial Agency legitimate legitimate- mining investments are 50 per cent safer than legitimate commercial invest invest- ments According to Bra Bradstreets nn and Duns only 36 per cent of ol all aU legitimate mining investments fail fal as against 54 per cent of general commercial lines Government figures figure's show the following returns OP z Capital invested in in- vested nested i Railroads I 1 13 3 per cent Insurance T. T J J f 11 per percent cent 6 C- C 4 3 cent National Banks r I. i per pea Manufacturing 14 14 per pel cent Mining per cent Inability in the past to o s st uro correct information concerning min min- ing ng securities and the tho propositions they present is iss largely responsible for or or the lack of interest shown by the investing public in the tuning raining in in- The advent of the mining engineer within the last few years has las ins served d to cor correct this condition to a large degree and degree and there exists oday today no good reason why wh the tio investor in should stay out of the mining lt field or grope blindly for information The responsible mining engineer makes it his business to keep bep fully and aUll correctly informed in order tl that at he may puny guide guid his clients into investments s 's which are are sound and profitable He is a specialist special il Lt t and nUll fully competent to advise his clients concerning the investment ent of f funds It is merely a n question oJ of separating the the- wh wheat at from the chaff chaff sad and what shut the tho investor in cannot do in this line line- the mining ruining engineer r should be he able ablo to do for him Henry y Ward Wr Needier said H I I admire the miners miner wealth It i Is ii lean There hero are arc neither blood nor learn on it Nobody has hus been plucked pinched j nobody has lIaN been Jeen wronged The miner who digs a fortune out Jut of the ground has hus the satisfaction of knowing ng that ho he hasn't robbed a s soul oven even though lie he 10 becomes a thousand times a millionaire lo The lIre wonderful revenue le derived derive from mining in the tho United States tc's is ili not generally realized and um it is only after aftel a scrutiny of the various compilations which alp appear ur ut at the end of ot each year that ono one can grasp the tho magnitude of the amount annually disbursed by mining companies A few returns on mining investments taken from the Mines Handbook Hand Hand- book the stan standard work on mines minca and considered l the tho reliable authority on mining investments are given below t a nha Extension 1916 Extension l 1916 to o 1921 1921 inclusive n e pal paid i lu la dividends r 2720 per cent average per cent The par value of this stock is per share It has reached over 40 10 in price since being organized United Verde 1905 Verde 1905 to 1921 paid dividends of f and to date United Eastern Eastern 1917 ast rn 1917 to 1921 inclusive Sive paid per cent cent on its its capital Torn Tom T m Reed ced Gold Produced Mine Produced d over ver in 12 years Calumet and Hecla from 1871 to 1920 1020 paid in dividends per percent percent percent cent or average of per cent on on ca capital it l Cr Cresson son Gold Mining Co from 1908 1008 to 1920 inclusive paid about per cent on capita Homestake Gold Mining Co has paid in monthly dividends since 1819 44 years yearn i. i 1 t d. d I i New v Gold Mining Co paid p i 1051 per cent in 17 years and is now paying per cent yearly Utah Consolidated Mining Co from 1908 to 1922 has paid dividends of Copper Copper- Cop pel Range Mining Co from from to 1905 j. j 1922 inclusive paid dividends divi of g dividends to date have o been be been over over Ool Goldfield Consolidated Mining Co paid in dividends from 1907 1007 to 1919 Nevada Consolidated Mining Co paid aid in dividends from 1909 1009 to 1920 Extension Mining lining Co pa paid ll in dividends from 1905 1901 to 1921 r x t 4 Yellow I Pino nc Mining Co leas has paid in dividends since 1915 J oil e t tl t-iv t t j Tonopah out 2 l produced in dividends 10 7 Central Virginia Mining Co has paid in dividends to 78 F Ophir Mining Co Cot from front 1905 1005 to 1920 1020 paid IH 1402 pep Jer er cent i and pud had hada hal 6 f c a surplus in 1920 of Time The Camp Bird has a dividend record of We might continue continuo to enumerate hundreds of others such as The TheOld TheOld Old Oll Dominion The Inspiration The Miami The Ray Consolidated The Tho Chino Copper The Copper Queen The Tho Arizona Copper The SiU Sil ver King Daly West Nest Ontario Park Utah Daly Judge etc with dividends running into tens lens of ot millions of ot dollars |
