The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-11-05

live to be sure. and the funniest part
of II is that there are great many
men who make the absurd claim that
mining is not a legitimate business,
and VINO recoil from making an invest
ment in mining enterprises with the
same horror that they would if asked
to engage with tie devil in the corner
ing of the sulphur market. and yet
these same men establish themselves
in the mercantile or manufacturing
business, foil and then start up again
with wonderful regularity time after
time. and 50 do their associates. and
not one out Of a thousand Of them ever
make a signal success in their business
pursuits, and yet they will decry min
ing and make the broad assertion that
mining is not legitimate. when the
statement is false on the face of II.
1t is true that a great many men
have lost money in mining. the same
as they have in other lines of trade or
business, and investors will continue
to lose as long as they fail to use good
judgr enf in making their investments.
Still. there is a smaller percentage of
loss in mining pursuits than there is in
any other branch of business, and if
the mining operator is persistent and
uses good judgment and common horse
sense he viii eventually make a pile
and Il big one at that; and what is
more, in doing this he viii rob no man,
but on the contrary, he win add mn
periShable wealth to the world and
stimulate commerce and trade the
world over instead of squeezing his
wealth from the pockets of the poor
and the wage-earner.
There never was nicer or a cleaner
way Of getting wealth or making
money than the possession of a pro-
ducing mine, or the ownership of stock
in q diVldend-payfng property, AMI
there are more men in The west who
are fortunate enough to be 50 situated
than there are business men in the
east or west who are making good
money out of the mercantile business
or ether pursuits.
The verification of this statement
has been a reV elatiOn to business men
OF late in quite a number of the middle
and eastern states and one only has
20 inquire Of citizens of several Nebras-
ka Towns TO learn that there is easy
and almost certain money in mining
stocks, ana ever since the Nercur mine
began the payment Of dividends there
has been q steady flow of Nebraska
morey into Utah for investment III
mining enterprises. and you cannot
make these people believe that mining
does not pay nor that mining is not
legitimate
There are hundreds of mines in UTsah
that have made small fortunes for their
owners. and there are thousands of
them throughout the west. In Utah
there are many instances thar could be
cited TO prove the a bOVe assertion The
great Ontario mine at Park city has
already paid over $4,000 900 in divi-
dends and is still swelling the volume
OF hides r1ctible wealth with It's
monthly distribution of dividends. no.
withsranding the heavy slump in the
metal markets. The Centennial E,u-
rel1a is another example of what the
mines OF this country can do and are
doing. This property, although a com
paratiVely new producer, has already
paid nearly $4,000 600 in dividends. and
while this mine pays 81 q share
d month regularly in velvet money.
it IS often that II has paid 50 a share,
and from all reports concerning this
property. il is in shape TO continue
this distribution of wealth for many
years TO come. and the same can be
said of a dozen other mining comma
MES in the state Of Utah, to say moth
ing of a hundred ether smaller pro-
ducers that are owned or are being
NOthtd DJ pl'thdNt AilQlNlUuaIS-
This IS a queer world, TO be sure. but
this fact does not do away with the
truth Of the assertion that new pro-
duceTs are being added almost daily
10 Utah's cornucopia Of paying mines.
which Is instanced by the way that the
Humbug mine at Eureka. Tintic. has
come TO the front Of late. much TO the
delight of its fortunate owners. Three
monIths ago the Humbug was nothing
but prospect Today il is a mine.
and during the past six weeks il has
paid ITS owners over $4,000. and thare
IS every reason 10 believe chat with
development it viii pay IT'S millions.
The person who says that the devel-
opment of the Humbug mine was not a
legitimate enterprise is either a fool
or kar. or he is intensely ignorane-
and should be confined in the ASYLUM
tor the weak-minded, for If there ever
was an industry that was legitimate
that industry is mining