The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-06-01
THE SITUATION AT MERCUB.

who was making even a decent living.
and when asked the question he was
unable 10 mention any manufacturing
interest that was accumula ling or
really making a profit on the millions
invested in business. The starting
fact was acknowledged that in the
United States the most prosperous, the
most richly blessed notion on earth as
to natural wealth and resources,
scarcely an established industry could
be found that was earning more than
running expenses, and a majority were
actually exhausting the capital invest
ed, having in many cases already eaten
up all the reserve funds, and were fac
ing bankruptcy Several millions of
people are thus found out of profitable
employment, and have been striving to
economic and exc out a bare living,
or hunt for bread and work in other
localities.
With the nation itself plunging into
debt, the people in distress, capital
alarmed, money boarded up, labor par
alyzed, railways and banks running
without profit, it is not strange that
the trend is toward mining.
There is no great industry today that
is really prosperous except mining
Look at the ccrton-growing or wool
growing industries. Look at. wheat
growing and Stock-raising. at the lum-
Der industry, the entire mercantile,
agricultural or industrial classes, and
name one class that is making money.
l will except the bond-holder and
money-lenders. for they are gradually
acquiring and control the real estate,
the securities, the stocks, bonds, fran
chiSes. corporations and revenues OF
the land. They acquire the property
and the products of toll at one-half to
one-fourth their former value
The man in debt today is tomorrow
without capital and without property,
for only a small debt has required
large amount of property to settle.
Therefore, the world is turning to-
ward mining, and must of necessity
turn toward the west. The present
mining boom is based on the absolute
necessity of the world for the precious
money metals, and because mining
seems to be the only avenue open in
which to recover from bankruptcy for
those who have gone to the wall in
business.
In Utah the greatest resources, the
greatest opportunity, the best hope for
man who is willing to labor, and for
the shrewd capitalist who desires q
profit on his money is in mining. For
the scientist, the chemist, the inventor
OF mechanical or electrical devices for
the mining and treatment of ores at
low cost, there is now no field so in
wiling and none so profitable as the
field of mining and metallurgical re-
search.
The Rocky mountain regions invite
the best and brainiest of young en-
gineers, chemists, biologists and tech
MI ,7,1o af oil a. G POl-
leges. Men of will, energy and scien-
tifc tastes and accomplishments are
wanted in the young state of Utah.
The mines, the shelters, assay offices,
lixiviation works, cyanide mills and
numerous hosting works are steadily
increasing, and demand constant i'm
provements One of The largest pro-
ducers of low-grade' concentrates said
to the writer recently: The cost of
treatment on our pyritic concentrates
has been reduced about IS per ton in
the last four years, and this reduction
alone would have made US over $780,
600 profit in that time To solve The
! treatment of the arsenious ores of
Mereur alone satisfactorily will add
from one to three millions in gold an
nually from that camp in new profits
to the mine-owners. There should be
one thousand new producing mines
opened up in Utah alone in the next
few years. and is not this encourage
ment enough for many to run the risk
of hard toll, make an honest and faith
full effort to secure?
The man who digs into the earth and
goes to the deep and dnds hidden
treasures placed there by nature, and
who adde's new wealth. TO the world in
gold and silver, not only benefits him
| self. but blesses hundreds of times
| those who in after years receive each
dollar he creates, as it passes from
! hand TO hand, as their daily recon-
pense of toll. A single silver dollar
! may belong to a thousand different
| people and pay a thousand honest
debts To the practical miner, the
man who digs the metal from the
earth, the gold and the silver dollar
are alike in value, and are equally
sound money to him, at the usual
ratio of 16 to 1.