The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1891-03-21

richest mine is absorbed in expenses while
two-thirds OF less rich mines is thus absorbed,
and thousands and tens of thousands of dollars
is expended annually on mines that have not
yet reached the paying point, what becomes of
that money?
What becomes of itl Why, it is sunk
into the mines. 1t goes to buy supplies, ma
chinery and food. No one except the
miners themselves and the few men they
buy from here gets any of this money 1t
is the part that comes out, the profit, that
counts in building up territory. 1t takes
four millions to work the mines,
and the mines yield eight mil
lions. The four millions of profit are
carried off to Denver and San
Francisco, and four millions are again put
into the mines, paid for excavating tunnels
in the mountain. To be sure, this four
millions represents the living of the miners
themselves and it supports them, but it
doesn't support anyone else here except a
very few that supply the mines and miners
with their products.
The correct statements that four millions
worth of supplies and machinery, mostly
from the east, is required to get another
four millions in profit, and this profit goes to
build up Denver and San Francisco. Or, it
takes half the product of the mines to keep
the men and machinery at work. and the
half that remains is carried to other places.
Now, the half that is required to work
the mines does not represent this amount of
money circulated in the territory, for most
of the supplies for the mines come from the
east; and any talk that the comparatively
small amount of home-raised supplies con-
sumed by per cent. of the working popu-
lation or per cent. Of the whole popula-
ton, is ''the life of all the business of
Utah." is the most mendacious piece of de-
ception with which newspaper could at
tempt to deceive its readers.
We remarked that mining would be a
great thing for this territory if its profits
were only invested here; but that the pro
ton of the wages of 6per cent of the work
ing population which is spent for home
produce is the sole support of the other "a
per cent, is just little ''too thin.n To
this our contemporary responds;
How about the two-thirds of the product that
| IS spent here?
The answer is that two-thirds of the
mining product is not spent here; and that
1t is not what is spent, but what is saued
! (the profits that counts in building up g
community. Further, since only small
portion of the expense" is for home pro
ducts, the rest being sent abroad for sup
plies, it follows that mining in Utah sup
ports those engaged in it, and practically
very few besides. This answers the fol
lowing piece of nonsense:
] Should Mr.. AsCHHEIM send east $4,000 in
| bullion and receive IN return 100000 worth OF
goods, they would be a foreign product and
would not benefit this territory Is that what
! the lunatic means?
No, no, boy, we mean that these goods
benefit only those who buy them-the
miners; what you are trying to show is
/ that the mine-owner by paying, and Mir.
AsCHHEIM by receiving the miners wages
and :seneing them east for miners sup
plies, are somehow or other supporting
the rest of the people of this territory, as
well as the miners. No one disputes that
mining supports those engaged in it, just
as any other industry does What we in
sist upon is that it supports only those
who are engaged in ii, just as long as the
profits of mining are taken to other places
and invested there instead of being in
vested here.
! We shall be obliged to any reader that
can gather up and exhibit what is left of
the argument that the prosperity of Utah
lis all due to mining"