The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-08-24

tesSsts a. heart bitter set of $50 ck hoderS ad3
4 ,lattls board 81 directors ~oud. have iati.
ma,ec. resGsSy tie ore grsv evil; As the other,
Il IL ot or,y nnsv sble Vt Is ua Sorthy the cos.
siderstioD f ABv aessible mao. TIE marke. pr IL
not aisa,s equivalent Tn the real valua IA when
dividends are attain the possr Of speculation
pid'y ami Nes, ~id tsss increase ~ frm ness OF
toiotIs. Nobody spec1laies in Pittsbusg or MIMI
sofa. sDd nome ts W done 80. to aoy extent for q
nuu,her OF yeas. Ose hundred shares Of either
could not be obtained ~ithout almost doubiog the
maikes p ice so high Ia the opinion OF the propre-
tors ae 70 the whine of their property. Aud it il,
and will be. with all mining stocks when they begin
t. rturn dividend ~ profits. Eveu now, II u df-
emit 20 pick np q lit Of Copper Falls, Isle R,yss.
mp thu price, although dividends are not peotei
from the most advanced Of them FOR twelvomonth
TO ccmc.
Nevertheless. there has been como change in the
ideas OF capitalists regarding mining property,
within few years. and the time Is comiag. 1t
may be. ~hen Tire evidence Ia favor al Their proat
abtress sail be 30 str0l and conclusive as to be
irresistible. Sill. there Is othargy among no
beyed men that shoali DO thro ~n off, A very little
of their surplus means, for instance, would dsvelope
tire whole peninsula of Michigan. One million OF
dollars OILY would carry five mines to a dividend
point; and yet this SUN is but equal to loss Of teo
dollars per share upon Vermont Central, provided
the whole OF It Were utedy sunk. But sunk II
would not be- and the evidence that II would no, Is
easily obtained. Are people ignorant Of the coal
and iron 70 tunes Of the English nobility the reve
nues derived from the tin mi, of Co,nwalR Wnst
isthe due Of the Pennsyivaais and Maryland coal
fields. which we're s. des iscd less THAI genera
ton ago? How much has been Detted from the
lead Of Missouri and the gold Of NORTH Carolina,
within tie past twenty yearss Are not tie coal
regions Of Virginia, Ohio, aud the ia: West
wGrtc noticing b. men who, anxious to Increase
al eacy emf 10 Iortur es are eatished to receive eyot
Der cent per annum from investm snts which. a.
experience has coDcirsively shown. quite as much
rlsk auO insecurity as the average Of we'll conducte
mines, neither of gold siivef. copper, eat or iron
| yes, nu mo- Q than .be average OF veil m anaged
cool cumpapies7 at this present m0meot there are
Dspy mpug es8b!ishmt nts in Operat ION, the great
snccese Of VIII h il almost entirely unknown to all
| bat their cwp stcCkh cldera.
| The West G lumba Mining Company, of Virginia,
il the bind year Of is existence Is earning aud
poyipg SO per cert per apnum on the original cost
Of its shares. The Gold Hill gold niue of Moth
Carolina is now earning and psyiog IL per cont per
annum upon five dollars share, aud &, stock can
| be pm chased In Ne~ Yo for three dollars. Both
of these compaIes successful as they are, are but
in their infancy atd their profits within three to five
years. will bic very large, as they are limited Ouy by
the number Of abners that can be conveniently en-
poye6. Considerable Of the stock OF each Is qciet
" heid in Boston, AID neither is he on pe uation.
We make the preceding assertions boldly, and
defy contra fiction. Add there are other mining
operations, raoeing I ON those of fair promise to
good measure Of success; aud of all, our capital
ists in the mass are shamefnlIy negsctful 10 vie
Of their ovn interests and tie rapid Development
OF IN imnOrtaut pc ton Of our ma 10 l resources.
And u we III n 10 copper mining, IN PARTICULAR we
not ashamed to own that little money, paid 10
by parties who can and will hold the property,
would do much good ut the present. tine. The
pc manent copper shareholders are few 10 numbsr,
and OF limited resources, as q general thing. Tne
hard times Rave necessarily compelled very slow
developement Of many new but promising veins.
The various stocks are now low in the market, and
although we do not often advise any investment in
any particular kind OF property, we cannot feel
that there is shy impr ,rrety in calling the earnest
attention Gf CAPITALISTS the subject OF tueSe para.
graphs Blu. little none, is necessary, and the in
vesiments can be oiv,ded among various conce us.
The homogeneous csn 10 aud should be n4rro Wy
wat he'd, while every informa ton obtained from the
nins ould always be accessible to ssockh >ldes.
Would new men of strength but take hold of mining
property in the rgot spirit the faint Of sps .alao0
that has often marred ,ts prospe ts in the minds
of tie conservative, would be speedily removed.