The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-05-17
MINING AS AN INVESTMENT.
Eastern Capital Looking to the Min
ing Regions.

ing Regions.
! The Boston Post, of the 10th inst,
contains an ably written article in
which the statement is made that the
people of the east. after trying numer-
Gus avenues of investment with but
Indifferent success. have turned their
attention to mining. and that capital
is beginning to realize that mining is
| legitimate as we'll as safe and that at
the present time there is no more
promising fields for investment than is
offered in the mining camps of the
west, and what the Post says as to
Montana can be applied to Utah. Colo
RADIO Nevada, Idaho, California,
Wyoming and Oregon.
The Post, in the article referred to,
says:
There was a time, not so far distant,
either, when mining, whether of gold,
silver, copper or iron, was hardly con-
sidered a legitimate field of investment
and when mining men. particularly the
promoters of large enterprises, were in
the eyes of the investors too often
classified with the green gooGs man act!
the gold brick manufacturer. These
were the halcyon days of Atchison-
Union Pacific Western farm mortgage
fame, when the wise investor. the man
of brains and capital, banked his
money in the highly watered securities
of great railway systems in the west
and south which were earning and
paying dividends out of the hauling of
their own construction material, and
in the worthless debentures of swind-
ling real estate investment companies.
Following the downfall and subse-
quent bankruptcy of these solid" in
vestments, the industrials furnished
the next most attractive field of
operations where profits promised to
be very large in proportion to the ac
tual investment. Now, however. there
have been so many failures in the in
dustrials, so many bursted steel rail
pools, so many match, biscuit and
cordage fiascos, so much rotten whis-
key. rubber. leather. cotton oil. lead
and tobacco that the investor is COM
PEELED perforce TO seek some new field
for the legitimate employment of his
caoital.
But where can he find such field in
these days of low interest bearing
bonds? In the past twenty five years
there has been no class of securities in
which New England capital has been
placed which have furnished safer and /
sounder investments and have re-
turned a larger and more continuous |
rate of interest on the capital invested ]
Llldli illiUlUS SlbNhSs Le.i titui<&ilN AHt
shares of the great Lake Superior and
Montana copper mines. Through the /
experience OF the recent years of de- (
preston when the passing and cessa
ton of dividends have become so COM /
mon. the investor has at last awoke TO /
this fact and discovered that there is
such a thing as legitimate mining. and
that legitimate mining offers today
most exceptional attractions to capital.
There is no doubt that the coming
summer Will see a great interest taken,
not alone in mining-a branch OF in
1ustry which has gradually come to
De regarded as among the safest in
Testments the country has got now.
Some of the best banking houses in the
,ast. particularly here and in New
York. are all the time on the lookout
or good gold or copper properties, and
some of the best people are going into
hem. A general revival of the mining