The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-04-27
A FIELD FOR INVESTMENT.
me Expensive Industry of Mining
Leads to Prosperity.


1.-THE Chicago Mining exchange. which
is backed by substantial business men
is now fairly launched in the mining
world and proposes to keep its board
strictly in the line of legitimate work.
In order to clearly define its aims if
has issued circular setting forth the
mining situation. in which it SAYS:
In addressing this communication
, to the public it is our aim to acouaint
/ the investors of the country with the
mining industries and to call their at
! tention to field for the investment of
their money where it will do more to
! develop the wealth of this country, es-
tablish prosperity, and enrich them.
selves than any other now seeking the
aid of capital. While our merchants
bankers and capitalists are seeking to
remedy the present state of business
and scarcity of gold let them encom-
pass as one of the legitimate pursuits
Tor prosperity the expansive industry
of mining, and give their word of cheer
influence and aid in advancing the
mining interests. Mining has been re-
duced to a straight business PROPOSE
ton by the recent inventions in ma
chinery and discoveries of science. BY
rying gold can be reduced to bullion at
cost Of about $500 per ton. Railroads
traverse almost the entire mining terri
tory giving cheap transportation OF ores
to the mills and easy access and COM
Portable travel to the mines. The peo-
pie Of the west need the aid of capital
to develop their vast mineral resources.
The British people seem to have grasp
ed the possibilities of untold millions in
mining for in nine years they have in
vested over $154 900, 900 in the Johannes
burg or Whitewaterstrand district in
South Africa, nor has the outcome been
disappointing Since 1885 the district
has produced S157 ,000,000 in gold and the
production for 1896 is estimated at $780,
0000 900. Let the people of America emu.
late this example and develop the mines
of our own country for it is more than
probable that this South African dis
trict is not larger nor richer in min
eral resources than any one of our west
ern states or territories
Colorado, with her world famous
Cripple Creek district. is our best
known mining state today. but we also
have Utah with her Mercur, or Camp
Floyd district, known as the Johannes
burg of America: South Dakota with
her Black Hills district: Idaho with
her mineral resources practically I'M
touched; while the same might be said
cf Arizona, although she produced 81,
600, 900 in gold alone last year; Montana
and New Mexico presenting a field FIR
investors that should not be overlooked;
California and Nevada by no means
worked OUT as recent reports will
prove: Washington also rich in min
eral which needs the magic hand of
capital Transactions in mining Sc
curities are not more hazardous than |
MANY another business venture. The |
establishment of every new enterprise
c. industry entails risk to the investor. I
but in the mining industry the oppor-
tunities are proportionally great and /
the stocks of mining companies are al
ways bought and paid for in full They
are generally worcestershire so that |
there are no additional payments, no
margins to be called and the buyer
thus escapes the worry, anxiety and
necessity for constantly watching
1t is in fact an investment.
Had a person bought LOCO shares of
every stock listed on the Colorado
Springs exchange January l. 1895, the
total cost would have been $3.50 and
could have been sold December /, of
the same year for over $1,000. In the
purchase of mining securities the risk