Arizona silver belt., 1880-07-17
4 Ra.sae.. vlsw or Msnsnr.


 The following from gbe oopsmercial, a financial mining Journal Of New York, is
 worthy q reproduction. T. takes a sensi-
 ble view of mining indust ies.
 Statistieians feli us hat ninety five per cent. Of mercantile and manufacturing ventures result in failare The unbiased observer would. therefore. when apprised Of this fac9 conclude that they were risky and hazarie'ss Q the last degree.
 If the same person were told that there was an inaustry. She net profit on which had been and S5lll s not less than eight cen per cent. per aanun. and that t was open 10 all Whe desired Go engage m if, De would naturally conclude that it was deserving of hts careful consideration in- asmnch a t wss ge from much 0f the fatality attending merchandising and maaufae
 But, astoaisbins t may appear. he would he told tBs. the former was sound and legitimate, vaiC lhe latter was baz- ard0us ana iliegifiamte, and something to be stunned T h4 ine men. Tn otb- CT words. he would 5e advised b his old. e friend O iaF. his money ia a busi- ness such as selling agar at a quarter of a cent proia per eeuud CT manufacturing and selling sasbes and blinds at a slight advance on the r1x materiai-anythiDg ia facf, except mining. The extraction of gold and sil7er from the earth is. in tbe eyes Of these gentlemen, a most reprehen- sible calling
 The average man has been compelled for many years to listen Go iifadeS direct ed bE 0ltiIme and careless investors against what they termed mining, which bore about as close a resemblance to tile improved mining science of today as astr0l0g7 does 10 astronomy. or alcbe- my to chemistry. These investors rushed blindly into speculations that had really nothing to recommend them fo thinking men, and Vhen tbe inevitable failure came tbey cursed the mining business, forook it entirely, and have ever since fnveighed loudly againsl t.
 Has it ever 0ecurred t0 that highly re- spectable body of gentleHien who have SO persisteRtly 6efamed and beld aioof from the mining industry, that legitimate min ing cannot be 0yerd0ne
 Singular as 1t may first appear, tbcre is DO such thing as competition, strictly speaking, in mining. lis result is money, and not q commodity which Ias an unccr- tain value, to be sold an over the land on credit, and frequently at a loss to the pro ducer ItproGuces solid and actual wealth, of which there can by no possibility be au over production.
 To illustrate. 4 mining claim In cer tain district is producing say s5090 in bullion per month Ten more claims oo fhe same vein are opened up and regular lY worked, taey in time producing each as much or more bullion. Does tlis lessen the value Of the output of the first Bf no means. On the contrary the tepfcld increase ii bullion production is a posi- five benefit to the first mining claim. A lenf0id increase in agriculture, mauufac- lures or merchandising would be absolute ruin to hem. is an advantage when applIed Co mining returns. iDasmuch as a larger community is formed, supplies be come cheaper transportation is improved and labor costs less Thus file very caus es which eonspiro to ruin merchandising and manufacturing c0B1hineto sls .aiu and increase the pfoits Of mining.
 The product of our coal beds and oil wells is consumed our cotton made into cloth is soon worn opt. our wheat and corn IS eaten, bct our gold and silver pro dut is an also lte aud permanent adai- lion 10 the wealth of onr country and the world in general. Upon t $ baeed al leasi an equd amount of credit En ether words. we are annually richer by 50.. ono ,o00 by reason of our creation Of GOO .oo0 iD hullinn
 ls is gratifying % note tberespeci, tarig tb0ueh ii is. acf;orded io the mining Inter- es by the ms inleHigeu and solvent people 0f 0lr cfmHtry Their good sense is eadiDe eia 70 invest largely in thcse sources of wealth whicli ara aiie all the meillsiay Of the ntfion and Nhic3 return a {ar higher percentage Of Ieg illiate prof. is lhan is possible from any other in d0slrY