The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-03-30

The enduring wealth of the world
comes from the mines
The chief end of man, according to
the revised edition, is to get money.
and yet there is not one man in ten
thousand who has any clear conception
of where the yellow gold and the
beautiful white metal come from. being
entirely satisfied that it is in circula-
ton somewhere and that somehow or
other more of it will replace and aug
ment the wealth of the country, little
thinking that if our mines should close
down for two years the nation would
be bankrupt.
They never think of mining or take
note of the fact that the mines of the
west send forth a constant stream of
gold and silver which finds its way
into the arteries of trade and COM
merce and upholds the life of the coun-
try; in fact, if they give the matter a
moments thought it is to condemn min
ing as wildcat enterprise and to hold
the mine owner up for ridicule; when
in fact the miner robs no man, OPP
presses no man, and the product of his
labor is a commodity of intrinsic value
and of enduring wealth
No money was ever lost in mining
individually, men have lost money in
prosecuting mining enterprises, but the
money was not lost to the world, and
for every cent that has been expended
in legitimate mining, thousands of dol
lars have been returned, as has been
proven by the millions upon millions of
dollars that have been paid out in divi-
dends by mining companies, and the
many millions more that have been
paid out for labor. for machinery and
for contingent expenses. all of which
has been taken out of the ground.
The money of the world is based on
gold and silver. but this is never placed
in circulation until it is dug from the
ground and has first passed through
the hands of the mine owner. the min
ing company and the stockholder; and
it does not come TO them in small drib-
lets. but in good round sums, gener-
ally in regular monthly installments,
often making a most handsome return
on their investment. amounting to 20.
so, 100 and often 1000 per cent, and this
is why and how so many people are
placed in comfortable circumstances
within very short time.
This is no mere statement, but facts
that can be easily substantiated, and
toIay in Utah there are hundreds of
people who monthly receive from $500
to $4,000 in dividends; who need not la
bcr. but who can safely rely upon re-
ceivng a handsome sum, called vel
vet at the end of every thirty days;
and this all comes to them through
what some people call speculation"
but what we call Legitimate mining
for they invested money in mining
stocks at a nominal figure when the
properties of the company were, in
many instances, mere prospects, and
with the increasing values OF these
stocks and the transformation of these
prospects into dividend-paying propo-
sitions, have grown into affluence and
wealth.
This to many, might seem like idle
talk could we not point to such Utah
mines as the Ontario. with its $15,000,000
paid in dividends; the Horn Silver, with
its So 0SO. 600: the Bullion-Beck, with its
81. ,09G: the Observation-Disclosures, with
its 81 $50 600; to the fact that the thir-
teen companies listed on the board OF
the Salt Lake stock exchange have paid
$50, 524, soc in dividends, to say nothing
Of the many other great bonanzas in
this state.
During the past few years, when pan
les have shaken our trade circles from
center to circumference, thinking men
and men of means have taken cogniz-
ance of the stability of the mining bust
ness. and have come at last to the con-
cluson that mining, as q. legitimate and
profitable business. cannot be dis
counted in any walk of life, and as a
result they are rapidly turning their
attention to the west, ana more, they
are beginning to invest their money
in the mining industries, not as stock
holders only, but also as promoters of
mining enterprises. such as will eVentu-
ally return and then thousand for
every dollar that they invest.
And, while this money has been COM
slow in growth but rich in mineral re-
sources and ranking as the fourth or
fifth mining state in the Union, is re-
ceiving its share. and the recognition
that it deserves.
Gentle spring. as is ever the case,
brings with it the robin and the blue
bird. but with them this year comes
also the capitalist and the investor. AL
ready our hotels are becoming crowded
and the railroads report a gratifying
increase in Messenger traffic. AS time
advances these gentlemen will be found
in our mining camps, and we are glad
TO say that there is not a camp in
Utah that viii not bear the closest in
vestigation, and as result the men
of money will fall into line, and, with
others who have preceded them, will
proceed to enrich themselves and the
world with treasures wrested from the
bosom of grand old mother earth.
Go where he will in Utah, the inves-
tor cannot fail of success, and such
camps as Park City. Eureka, Bingham,
Mercur, Frisco, Ophir, Stockton, Silver
City, La Plata and a dozen other dis
tricts present a most inviting field
for the legitimate and profitable in
vestment of capital, for the mineral
regions of Utah with their millions al
ready produced in mining. have hardly
been scratched as yet.
Park City, though wonder in the
mining line is still in its infancy;
Bingham while enc of the oldest min
ing camps in the state, is just begin
ming to attempt deep mining, and its
ore bodies, like an inkstand, exist with
the big end down; and Eureka and
Tintic are even now only coming to the
front with their magnificent bodies of
high grade ores, while as for Mercur,
with its blanket vein of gold bearing