Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-08-01

ID
associate yourself sith SOME one who
was thoroughly posted IN u, and YOU
slil. might fail. | doubt whether the
percentage ul loss Ia mining is gf-atcr
than that u other businesses, aud The
proiis ate often enormous. The trouble
Is that too many men 80 about their
mining as man goes about Playing
policy. They apply no more kno alcug-
than person selecting three lucky
numbers at a drawing"
msNG ASA LEGITIMATE BUSINESS.
Then success IN mining is not mat
ter OF iucS''
MOT Together " any means, re
Piled Mr.. Mullat, though there -
large element ui chance 90 ~ Mining
has, however, become a legitimate
business u requires intelligence. eN-
peHcuCs, economy and capital There
arc some pIoipcctuIs VINO make fortunes
by andns gold mines. u you can uu'
cover lo0d vein or body Of ore you
can easily ind the capital to develop u.
Bona hde mining 3, not q gambling pro-
position. The prospects 20 a mine alter
q short time can be- easily estmaicli md
the probable returns can DC almost
ont ui the ground requires costly
machinery. and the men who 30 iulO
mine developing with capital and rN'
peiisncc usually make money Those
who come out here, however, expecting
10 strike q fortune by chance often lose
Il. a man, .ur Instance, VINO has all his
lite been measuring cloth ina dry goods
store comes to the mount rims. Tie
j a. ID Do
buys mine. Is Dc strange tIat uc often
loses OF that ,dc properties into winch
I've gets his friends 10 invest fail Co make
90 ncyf You would not expect to sue.
coed ~ such methods DO any other hu,i'
ness. You cdu't do d DO mining
Then, only expert miners can make
money 90 mincs2 is that so"
mo, / don mean ~ say that" re-.
Piled tie mining King. But the men
vino come out mere should he men Of
good business judgment They should
wait and look into matters themselves
before uyuugaung. II they have not
the knowledge themselves, they should
get the Judgment OF uyI Of experience.
There are plenty OF reliable mcn here.
10 such investors ate men ui ordinary
business ability they can easily learn
/ ii
taktu Bro. Why, all that know about
mining any man could learn "a less
tuBu yulg Miuirg b. not an intricate
malt 10 has certain nNcd laws which
can bee easily sgggtained. and alter that
investment I % matter Of Judgment and
business WauIg, CEMENT
els Do true, Mr. M1HJt. that every dol.
lar Colorado has turned out 30 gold
I d ID.
lussrsf
"Ics, believe It b." replied Mr..
Muiiat. "Iuyrc have been many large
strikes, but there have been many
losses that no one has ever heard ui.
Where one man makes big fortune
many iail But that is the story OF all
kinds OF business 1t IS said that ninety
per cent OF the merchants ail. | think
the percentage Of success among min.
ers Is not greater than that OF men in
other businesses"
DAVID MurrAt's uEsr MNiSG srECu.
LArloN.
GLOW about yourself, Mr. Monau you
have made a great deal OF money IN
mines 20
Yes" replied Mr.. MoGai rather
modcsuy Il have made something but
! have lost a great deal too. Sui, ! am
pretty well ahead OF the game"
what - Tie ugst miuing enterprise
you have ever engaged in'"
81 think that my best mine, ~. the
whole has been tue Maid Oi Erin, "
replied Mr.. alUildt "Th.s Is silver
mine. ! seat INTO partnership with
Senator Jerome B, Chahet. The mine
cost rs all told about 100000 10 pur.
chase aud develop. We have already
takcu out OF o. about IS ooo co "
How about tue silver mines Of Colo.
rado. Are they still being workedP
Yves, some oi them, though many
have been dropped Tor the time The
silver b all there, however ANA we will
get 4 out when tue price rises, as ] am
sure that u viii sooner or later"
FoRnGN CAPITAL COMING ~.
rs there much foreign Investment
now VA the Colorado minesW
"Nys, the English are putting quite a
lot OF capital "a at Cripple Creek and
~ other parts OF Colorado ! happen
To know tins because much ui the
money goes through our bank. The
English are very shrcwd investors
They usually know beforehand Just
what Trey are buying, an ! they develop
their properties on business principles.
There are some FTcnchmgn wuo afc
operating mines mere, bur no G,rmans.
The Germans seem to run 10 mcrcan.
tile bn.in sse, rather than to mining.p
'Ndlt Is the coalition VI Denver
! unauciall 2'
81 tank It Is in a very good condi.
lion
"tlow are your banks doing hert?p
"Ihey are, believe makiug money
Our own deposits have increased more
than million dollars within short
time, We carry more tllu two million
do.lar5 in gold Ia cur vaults as part OF
our reserve. The other banks carry
ono, and | venture that there IS today
more inln a, 600 600 worth OF gold In
The Dely,I banks
"Nh, b money worth out here, Mr..
MonlR'
"ihc banks get ten per cent" was
the reply. Ten per cent is the cur
rent rate viih us, bun loans on good
real estate can be secured Tor about six
per cent"
rmv'< 4, C~IY.,A4z