Arizona weekly enterprise., 1882-12-02
DOES MINING PAY?
A Batch orInteresting Statistics.

plOuIdDle CLASS or investments eAlahG They pay larger and quicker returns than manufacturing, railroad or insurance In insurance fully 40 per cent of the compan- ies doing business never earn dividends. Some railroads pay eight per cent but those who invest in these securities sell dom receive more than 4 or 3 per cent on their purchased price. United States 4 per cent bonds have now advanced, so that on the market value, they yield less than 2. 62-100 as will be noted by quota tions; viz, 1205. The per cent bonds mature July 1907, therefore having about dollar bond would cost S1, 210; 25 years interest at 4 per cent t=1, ,000, which plus face of bond $1,00O=$2 ,OOO, and this minus cost s1, ,22O=S79O; the interest for twenty five years on S1, 21O which equals S2.71-100 (and frsction) on $100 for one year.
 Mining, on the othsr hand. although weighted down by scores of unprofitable and non-productive properties, which have in great many instances brought dlsrepute upon great and noble indus try, in cases where they are productive and honestly managed, do not fail to pay less than from 20 to "a per cent per an- mum, on their market value. The losses that have been enlailed in mining have been very great, yet they de not equal for the past ten years, by actual computa- tion, by over S75O, 100000 of losses in railroads. These figures seem large, but are, nevertheless, true. In the year 1876, there was a total loss in railroads to stock holders and second mortgage bondholders (as shown by the statistics of the courts) of the enormous sum of one thousand millions of dollars. The losses in the previous as well as the subsequent years swslled this sum to double these propor- tions. The entire losses of investments in mining will not foot up S150 GOO, 900. From 1872 to 1875, inclusive, the mer- camille failures in this country amounted in the aggregate to 30,000 in number, with liabilities upwards of $500, ,000, 900, and assets to the amount of $325, 900, 900, thus leaving the immense balance of S475, 900, 900 in favor of legitimate min Ing. From January l, 1882, to August lst, there have been paid in dividends on mining stocks SIC, 100000, an increase of S2, 900, GOO over the corresponding period of last year.
 The Ontario mine is paying 18 per cent on it's market value, and has paid nearly S5, ,000, 900 in all. Standard is paying over 50 per cent Sierra Buttes, with a capital stock of S225, ,O0O, has returned in dlvidende Sl ,399, ,O58, over five times it's capital stock. Richmond Con-, with a capital of s1, ,35o, 1000, has paid s, ,637, 597, Quincy Copper, with capital of 5l, ,000, 900, has paid B, 230, 900. Plumas Eureka has paid Sl, ,599, ,2l9. Indian Queen, capital of S250, 900, has paid $337, 300. Idaho Grass Valley with capital of S31O, ,0O0, has paid back in dividends 8, 256, 800. Horn Silver is paying ove, 50 per cent. Homestake is paying Is pel cent. Father de Smet over 40 per cent. Eureka Con-, with a capital of S500, ,000 has returned in dividends $4,817 300 Calumet & Hecla has capital of g., ,5OO,. 900, and has paid dividends to the amount 0 $2l, 35), 900; the par value of this stock IS S2o per share, and is now selling al S243. 90 per share. Evening Star, with { capital ot $500 ,000, has returned to 1t. shareholders 300 per cent of its par value |. C., $1 100000. The aggregate capita ot the companies here mentioned is abou S75, 1000, 900 nominal; S15, 900, 900 real ol paid up, and have returned the handsom, sum of $50, ,O00, GOO in dividends
 It is fact, based upon tho most con servative calculation, that investments il
 mining stock at their original subscrip tion price-i. e., when the company's af fairs are in the hands of reputable ant practical business men-always pay, an, pay very largely, giving quicker and nor profitable returns than any other industr in the known world-an industry whicl has been the means of transforming an, building up the Western civilization 0 this country, and has given US the grea national highway from ocean to ocean,
 proposition which would not have bee an accomplished fact to-day had it nc been for the mining industry of the cour try. Mining in this country pays ove
 $50, ,000, 900 annually in profit to the owr
 CTS.
 : The continent of America, for som : wise cause as yet not appreciated, seen to have been blessed. especially in tn particular, above every other portion the habitabls globe, with rich seams ! precious metals, which has made it tl greatest producer of gold and silver any land ill the known world West ? the great continental divide these meta 9 may be found in paying quantities
 nearly every portion of the States al
 Territories. Mining Stock Register aI
 Journal of Commerce.