Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1891-09-24
LEGITIMATE mlNlHo.
~ !, Nov usud In Hand with Other
wealth Producing industtieA

~ .. Nov usud In Hand with Other
wealth Producing industtiea.
The general public east o. the Mis-
touri river has a very faint and indefinite
knowledge Of the extent 20 which legiti-
mate mining IA carried on in the terri.
tories west Of the Rocky mountains and
on the Pacific const, Few people stop
10 consider or think whore the gold and
silver they handle come from. II may
be q crop sown somewhere for oil many
Of them know. These are the ignorPnt,
unthinking class, Of course, but there IA
another more Intelligent, not having the
excuse Of ignorance, which loses no op.
pottunity OF railing against mining.
Even while handling the product Of tho
business and experiencing IT, benefits,
thoy not only dccry mining. but do their
best to discfedit Ill who arc engaged 10
the pursuit.
This prejudice hns grown out Of losses
sustained By hasty, VI advised invest.
monts. taking the statements Of ire
fponsblo spectators rs facts without
irving them the careful investigation
Tint would b. given 10 any ordinary
business project submitted for invest.
inent This careless. hasty method Of
Investment naturally led 10 losses. as u
would In case Of equal neglect TO give
time aud attention 20 any other schemes
presented nearer homo
A want OF knowledge Of the business
was more often the causo Of the failure
20 realize profits than tho want OF merit
Of tho property itself A board Of direct.
or composed Of men totally ignorant u
tho proper method 81 working n mine,
hamporing u with heavy expenses. ox-
trnyagant salaries, fonding out sons aud
relatives Of the directors to take charge
Of tho property totally untitled, ignorant
Of the first principles Of mining. natural.
ly involved "a waste Of money. expended
without judgment and resulting Ia debt
and tho ultimate abandonment OF good
properties that in many cases, falling
into tho hands Of competent men, wcFo
developed into paying and profitable ca.
terprisoA
Such instances are numerous, hnt this
ono experiment seemed TO prejudice tho
original investors against al further IN.
ycstmcn,s In mining properties, who
were unwilling 10 boliovo that the fail.
uro o. the past lay with themselves aud
not tho properties they had owned.
The miners Ia tho country wost ot the
Rocky mountains arc today hand In
hand Ia prosperity with the Wnoyardist,
tho great fruit raisors md the merchants;
in fact, no stands In tho front rank Of
profitable producers, while his prod.
net Is permanent in it, benefits and
never porishcL Every dollar no pro-
duccs has value 90 tho world
at large. and "a tina. much added
20 iis wealth and circulating medium
In form 10 DO seldom affected by
the change Of dynasiios or tho downfall
Of governments There Is always a
market aud demand for his goods.
II n capitalist contemplating an invest
mont In mining was 10 give the same at.
tcntion 10 investigation that no would
In the purchase Of piece Of real eitato
or any other Investment. he would be- no
more liable 20 losses proper care. care
fHl investigation would enable him TO
invest with equal judgment
A list Of seyenty-avo mines shows ns
profits paid TO tho Stockholders since In.
corporation tho enormous amount Of
tlae,00O,0OO, besides which there are
hundreds Of small mines not incorpo-
rated being worked as private ventures
Of which product no note Ia taken. aud
10 the above we may safely add SIS ,0OO..
600, making n grand total Of $3.50. Co.,.
600 as tho result Of thinning" invest
mcnts
II "a not bad showing. How many
railroads would at present rate Of profits
show equal resultsi And itinust bo borne
In mind that these mines arc still pcgging
away.-St Louis Globe. Democrat.