Daily press and Dakotaian. [volume] (Yankton, Dakota Territory [S.D.]) 1875-1880, 1875-12-29

made by men of narrow means, some
only having few hundred dollars;
hence, at best, they have only realized
small returns. And such will be the
case until accommodations in the
shape Of capital enable us to procure
more and better machinery to work
properties ou more extensive scale.
But those commanding q reasonable
amount Of capital have been emi-
nently Successful, and the evidence is
conclusive that, with proper effort,
backed by available means, Colorado
can be made to yield the precious.
metals in vast abundance. Capital
lists in our older cities and states,
where rates Of interest are low and
speculative enterprises uncertain and
far more hazardous than those Of
mining for gold and silver, can.strike
the path to certain fortune, if they
will organize companies controlling
ample ready means to develop mine
land mill ores, intrusting the manage
mcnt to honest and efficient business
men. This done, there would be no
such thing as failure, but success in
evitable.
4 The day of experimental and losing
investments has gone by. We have
the mines, and know how to work
them at profit. In our. mining dis
tricts there are scores Of regular
mining experts who have made their
business study for years in this
country and the old world. They
can determine the character Of mine,
and estimate, with great degree Of
accuracy, returns fromits ores. Nc
have skilled metallurgists, who can
cope with refractory material or COM
binations Of ores. We also have
hundreds of old miners who have
worked in many Of the leading mines
in Europe and South America, and
whose Judgments infallible as to the
4 character and durability of mines.
], The friendly cooperation Of each men
is always available, and, with proper
Iprecautions-the same as are used be-
fore embarking in any other business
EI-lHCAC CoI OC Alo uilotdhC, iO lOoo W
the intelligent capitalist who puts his
money in these enterprises.
/ Wee are safe, in asserting that,
taking the entire aggregate OF capital
judiciously invested in mines, mining
and machinery for utilizing ores, there
has been less aggregate loss, and a
greater by four-fold corresponding
profit, than has been realized in any
commercial or manufacturing pur-
suits, in ship navigation or railroad
stock ventures. Indeed, the advan-
tages in favor Of mining and produ-
cling the precious metals stands at
least as ten to one compared with any
other business.
: According to Dun & Co.'S CONNER
r cial report the extent OF business fail.
+ urcs in the United States for the past
three years and nine months were
$685., 100000, divided among 10000
manufacturers, shippers, merchants,
bankers, etc.
Now, let us consider the mining
< business of our country. 1t is safe to
s assert that from outside sources there
t was not during that time exceeding
! s2O,00O,000 invested in mines and
mining enterprises-possibly not more
. than half that amount. Let us allow
a liberal margin for any and all losses
I sustained by imprudent investment.
e in worthless mines and machinery,o ,ol
mismanagomcnt, and state the amount
at So, 100000. Now, what has beer
the result? From reliable data b,
e the United States government, w,
l. find that the product of American
e mines has for years past varied from
!, $60,0OO,000 to $70,0OO,0OO annually
4 and for the present year. it will prob
'r ably be about Sl0O,O0O,OOO. Let u.
e take the same period in which the
failures are given, and for the three
& years say our production was SG5,
100000 per annum, and for nine
months in the same ratio, and We have
the enormous total Of $500, ,OOO, 900 o
created wealth; deduct from this til,
i20,OOO,O00 invested, which include.
c losses mentioned, and-it leaves s24O,
3 100000 as an actual net product
). Now,whilc- the actual creation OF thi
: amount has made many rich, yet thi
: is but a small part Of their wealth
u We have yet to consider their minin,
'f1 estates, which arc of such magnitude
thai any attempt to estimate thci
value would be futile. If we sa,
those are worth thousands of millions
e we can only conjecture how many
!. The annuallncome Of some indiyidua
!. members Of companies in San Fran
= cisco range from $4,000, 900 to $40,
y 100000 These stand related to prop
Is critics that have been fairly developed
although they yield but low grades O
ores.
Here in the Rocky Mountain rang
we believe we have the largest min
1ro1 Io0 Al