The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1875-06-05
AN INVITING FIELD FOR FOREIGN

The attractive nature of the field presented In
the mineral deposits OF California ana NeVauS'
for the profitable investment OF foreign capltais
has been repeatedly pointed OUT. we may ven
field now presenting itself in any other branch
of industry either in this or any other country.
And notwithstanding the popular DelleI tnas
mining is the most risky OF all the lndustriaI
pursuits, there is no enterpflse ol .ne tha : !
~sistance of mechanical and engineering skill
which promises more certain reward tnana we'll
directed, intelligently and economically man
aged mine. Investing III naming properties III
California and Nevada is not q new experiment
to foreign capitalists.- There have been some
instances. we freely confess, Wnere tHelr experi-
ence was not pleasant. But there nave peen
others more highly satisfactory. In nine cases
out of ten the disastrous enoing Of the unloIIu-
indiscretion or inexperience OF the investors
themselves. They have, as a rule, been the VIC
Tins Of ignorant and Irresponsible agents, whose
want of familiarity with the mineral depcsits,
the nature of the ores and facilities for mining
in this region. have made them the ready dupeS
of Inscriptions promoters. 1t is a fatal mis-
take which most foreign capitalists, nevertne-
less, are too prone to make, to risk their invest
ments on the report OF an expert aitoSetner un-
acquainted with the peculiarities of the deposits
he examines. and the conditions upon which
they are dependent fer successful operation. An
expert in the science OF copper and lead mining
is not necessarily capable of passing judgment
on the value of a gold or silver bearing ledge or
an auriferous gravel bank. Where foreign CAPT.
tai has been invested under the direction of
capable men there has not been, we believe, q
single unsatisfactory result. There have been
many instances where the original investment
has been returned a hundred fold within a COM
paratively brief period. The Eureka mine is a
case in point. We refer to it, in particular, be-
cause it is probably better known than many
others that have paid foreign investors just as
well, if not better. This property with two or
three adjoining claims, was purchased by its
present owners a little over nine years ago for
the sum Of 1901 ,906 so. According to the last
annual report of the company, dated september
80, 1874, the total out-turn of the mine from the
time of the company's going into operation,
amounted to IS, 1903, 538 81. OF this sum, 3d.
054, 900. or nearly seven hundred per cent. of the
original investment, was paid to stockholders in
the form of dividends This is what a piece OF
California mining property, subject to many
drawbacks, such as narrOwneSS OF ledge and
hardness Of rock. from which the majority of
the others are exempt, has done for foreign cap
i~talistS.
There are scores of valuable mining properties
in this State undeveloped, which only need a
moderate outlay of capita to unfold immense
wealth. This is more particularly the case in
the hydraulic mining districts. Why they are
undeyelOped is because their present owners are
too poor to buy the necessary plant and put the
ground in necessary working shape. Owing to
the disrepute into which Pacific coast mines
were cast by the few misguided ventures made,
these properties have been unsuccessfully beg
ging purchasers from abroad for years, although
their intrinsic value has never been questioned
at home. 1t is gratifying to note, however, that
there has been of late a marked change in for
eign sentiment. and the flow of capital from
abroad for the Development of the Pacific coast
mines has again turned in this direction. Con-
1dence in the value of our mines is being very
much strengthened by the gratifying results and
fiattering prospects OF several important enter
prises in which foreign capital has been largely
invested Foreign capitalists have also COM
menced to learn that this country contains min
ing experts of unquestionable integrity in whom
they can con6de with safety. With this change
in the situation a new era in Pacific coast min
ing has been inaugurated.-Sdn Francisco Stock
ReDOrt.