The daily enterprise. [volume] (Livingston, Mont.) 1883-1884, 1884-05-09

The Profits of Mining.
From the report of Levi Newcomb,
M. E., of the Hudson Mining com.
pany upon the Neihart mines we ex-
tract the following interesting statis-
tics:
| The question has frequently been
asked, does mining pay! Let us COM
pare the profits of mining enterprises
with those of any other industry.
First we will take the Virginia Con-
solidated, of Nevada, which is only
740 feet long. The 800 shares sold
to the original investors for $40 each.
In two years time it paid to $4,000
stockholders the enormous sum of
SIS, $4,000 in gold and silver over and
| above all expenses. Then comes the
| Belcher with 1,O40 feet. 800 shares
sold at first for So only per share, and
1T paid in 3 years time to 100000
shareholders $15, ,397, 200 above all ex.
penses. The California Mining COM
pany paid ST. 500, 900 to its stockholders
in seven months time. The Boston
and Colorado Smelling company's 800
shares are now WORTH 5000 each. In
the year 1873 the Comstock lode paid
its stockholders $20,000,00e, or H.,
1872 times more than the original in
vestors paid in. The Palmillo mine
produced $4,000 per day for five
years when it was stopped by water;
it again produced $59,875 700 in ten
years, and since 1871 the annual yield
has been $l3,4O0,0OO. The ParraI
mines, Mexico, have record of hav-
ing paid the Roman church $500, ,000,. |
900, while the Santa Eulalia has like
record of S1l0, 900, which was ten
per cent of their clear earnings. The
Batopilas mines,n now owned by Wells,
Fargo & Co., paid before they bought
them $400, 900, 900 net to the owners
and workers. The Calumet and Hecla
has enriched it's stockholders 1924, $780,
900. The Homestake has paid 3d.
212, 900, the Horn Silver, $2,600,0OO,
the Idaho, $3,417, 700, the Northern
Belle, $2,537 500, the North Bloom
field, So. .462, 500, the Ophir, 81 ,595,
600, the Ontario, Sc, 900, ,0OO,t the Quick
silver $3.6l0,000, the Convention, of
Arizona. over $2.5OO,O0O. the Plumas
81, ,730.S32. the Richmond $4,043,57S,
Robert E. Lee So, ,55O.00O. The mines
of Colorado alone had produced $40.
584.782, up to the first of January.
1882, and since then $43 ,580,360. The
following i've Montana mines which
have only recently been opened. show
the value of property in this territory
viz: The Alice Gold and Silver Min
ing Co. has paid ten dividends amount
ing to $400, 900. The Boston and Mon
tana has paid II dividends amounting
to $4,000. The Hecla Con. Mining
Co., has paid dividends amounting to
! /
1867 500. The Hope Mining Co.. has
paid dividends amounting to $l24, $3.50,
The Original Mining Co.. Of Butte,
has paid dividends amounting to $87.-
200. These figures come only from
the corporations and stock companies,
and represent only the money that has
been paid to stockholders and do not
the millions that have been
mined by individuals, neither do they
the the three billions, eight
hundred and thirty millions of gold
taken from the placer mines since
lS4S. Within the range of rife shot
of Leadville, Colorado, more gold and
silver has been taken out in the past
few years and us clear profits to the
mines, than has been made clear by
all the farmers and all the merchants,
and all the manufacturers in any five
states west of New York. When in
conducted and well mar
aged. there is no business in which
man can invest, that will pay so large
returns for the money invested as in
,elligent and persistent mining.