The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-02-05
Safe and Profitable Investments.


The gold and silver mining industry of the
United States is assuming vast proportions,
official statistics showing production for
1866 of SlO6,OOO,OOO. It's also probable that
large amount of the precious dustp has not
been included in the amount officially stated,
but being taken out by private parties, has been
brought in and disposed of in various ways, of
which no official account has been made.
II must be accepted as an established fact
that mining for the precious metals is the
largest business in this country at the present
time; and as 1t now IS only in its infancy, and
as our mines are numberless and inexhaustible,
it is difficult to comprehend the extent and
value of what the production will be in a few
years hence, when capital, enterprise, and
science, combined, shall have discovered and
developed the full extent of our wealth, and
devised sure and safe methods of saving all the
precious metals.
A kind Providence unlocks TO us our hidden
treasures at the opportune moment, when a
national debt of great magnitude seems to
almost paralyze the industries of the country;
but If we will accept the situation, and seize
firm hold of that which nature has so kindly
offered, our national debt Will be light, and
pass away unbeeded.
Legitimate mining is attended with risks the
same as every other business; but no more so.
Time, money, and an economical and honest
management are required to secure profitable
results.
In the present financial condition of the coun-
try, capitalists, manufacturers, and merchants
judlciously refrain from converting their cash
into commercial commodities, lest the market
rates in one. three, or SIX mouths hence should
compel loss, hence the general stagnation in
manufacturing and merchandising.
What will be the effect of putting their CAPT
tai into the production of gold and silver, or
mining? The product win always find mar
ket at its full value al sight. 1t is the standard
of all commercial values. Stagnation of all
other business, and panics which depreciate the
prices OF all other commodities but simply
increase the relative value of the products Of
gold and silver mining.
In agriculture various elements may conspire
to make a season unfruitful; but in mining the
only conspiracy to be provided against is that
OF dishonest men to manage the mining opera
tions, the same as in other pursuits.
Tons OF bullion are tempting, and only men
of unquestioned integrity should be entrusted
with the working operations of the Company.
1t behooves the directors of companies to look
well to this matter; then all will go right and
the profits will go where they belong. The
same rule applies in every business.
We believe there are good mining companies
organized in Philadelphia, with good mines, and
good men as directors, who understand their
business, and will so direct the affairs of their
companies as to make them eminentlY success
full. Such companies are worthy of the full
and hearty support and cooperation of our
people who have money to invest.
When company, according TO the financial
plan of the Specie Basis Mining Company, is
willing to pledge all its valuable mines and in
terests, together with all the Improvements to
be made with funds furnished, as a guarantee
for such funds, the investments in such securi-
ties are SAFE and oughtfto be rst-class, if there
Is anything in gold and silver mining, and sta
tistics prove pretty conclusively that there is.