Salt River herald., 1878-05-11
4 Needed Movement.
SD rranei.co Stock Rcr t.

The Stct Report has always maiutined that all that is necessa- ry to get Eastern capitali-ts in terested in our mines is d change in the present manner of managing them. IL must be remembered that money in the East does not ask the extraordinary returns for it's use which We demand here. An inter est of eight or ten per cent, Is suf- fici"nt there to get all the capital asked for any legitimate investment providing that interest be sure and permanent. By increasing it to twelve or fifteen, even strictly spec
 ulat.vc investments would be largely made. Now we believe that there are many mines on this Coast which could if they were managed w.th great economy, pay dividends to this extent with case, and we believe too. that such course pursued by their Directors would result in bringing the sock before Eastern capitalists in the most favorable light. Pay them something, no matter how little ii you would gat them 10 invest. And at no time is the E2 better prepared than at present !orjust such move. Rail road shares have fa.lcn in the most extraordinary mUner. I'hc Penn sy,vania Central, Tom S-oit's rold, is quo.od a: v against 65 but shot tiue aS7, and other sccuiti. .s sympathize wi,h il. IL fact there k all enorIous amount Of idle ,ar;- tai ou the other s.ie of ihe R clv moULt.i which this cost las lcci;;m t right to and d crca; nc.d of. Inc good which such c5ur.c on lie pat of the mgnagcrs of mines al.gady opened and wcrl Eg ore would no: b. so much m the diffusion Of mon y among Us here, mat rill as that would be, as it would be in the increased activity which would be given to prospecting through the interest which would attach itself to mining as d bu ines. In this the gain would be incjlcull- bic. Those mines which have been opened, which have their mills and various kinds of necessary machin- cry, do not of course need any help in order to determine what they are worth, but we have thousands upon thousands of claims and locltions which a,c undoubtedly of great value and only need capital for that value to be known. As matter of fJct the mining interests of this coast ara far tuo vast to be managed by the amount of money which We have here and should have access 10 the wealth of the whole country, for in no other way can their real value bycomc known. The course which we have pointed out is the olly oae which will ever bring about th.s much needed state of things. Ind el if Nevada and California are uot alive to the necessity of the movement. Arizona k. As may be secu by an article il another col mn the Golden S;ar -iue is 10 be run in ih Way aud We know O. others whose owners have wis, ly ! adopted tEe maxim ot pay div i dcuds if f b. only half of one per cent. Of course we know that it takes money to open and develop q mine and that the investment in this is what might be called inc stiic,ly speculative part of mining . investments, but what we claim is that there are many mines both in
 tais State and in Nevada whose mnagements can pay fom eight to
 ten Der cent upon the value of the
 mine without difficulty, providing
 they VII practice the strictest oc3no-
 my. Such dividends 50 paid would
 bring to this coast millions of dol
 las for inycs tment ill our mines and
 whereas the Pacific Coast may now
 be compared to man carrying a
 burden which is fir too heavy fol
 him, its true wealth and resource.
 would then be daveloped. Econo