Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1901-11-02
That Which Scattereth Yet In
creaseth"


Way is it neces sary to offer any
promising mining stock for general
subscription Why do not local cap
italists secure the entire issue if it
promises such large profits, and why
is the company willing to dispose of
any interest in valuable property
These are common questions familiar
to everyone dealing in mining invest
ments. They seem reasonable on
their face, yet they are in fact eX-
tremely unreasonable and Illogical
Would you ask your grocer, when
he advises you to buy sugar or flour
in anticipation of an advance, why he
did not hold it himself and make the
profit Would you ask your wood
dealer, when he recommends you to
lay in your winter supply of wood in
summer. because it is cheaper, why
he does not buy it himself and sell it
later at Il higher price Hardly for
the very good and sufficient reason
that probably neither would have
sufficient capital for the purpose, and
if the advice was not acted upon,
neither party would be benefited.
Mining stocks are offered to gen
eral investors because no one man
has sufficient capital to successfully
operate the property, however val
uable the property may be, Only "a
short time ago the British govern
ment came to New York City to
raise $40, 600. 600. These bonds are
good Investment, yet the government
came here for money, The bonds of
prosperous town or city may be
gilt edged, yet they are placed to
outside money markets. The Penn
syIvania railroad is an excellent in
vestment yet not one-tifth of its
stock is owned in Pennsylvania. The
New York Central 4 Hudson River
railroad securities are as stable as
government bonds. and the same
can he said of the Southern Pacific
railroad, yet the recent inventory of
the estate of Cornelius Vanderbilt
showed that he owned less than one
tiftieth of its stock.
Standard oil company stock is sell
ing at nearly $500 per share on the
curb. 1t is not even listed security,
yet it paid 28 per cent dividends this
year. and John D. Rockefeller owns
less than one third of the stock of the
company that he originated.
Calumet and Hecla paid 200 per
cent dividends in 1900, yet it has
over 10000 stockholders, and the
original owners represent the small
est ownings, Parrot stock paid 60
per cent, yet is held by thousands
Anaconda paid l6 per cent, Quincy
81 per cent, Portland 30 per cent,
Silver King 30 per cent and so on
through the list of over 200 mining
companies paying in 1900 by official
reports, the enormous sum of STA,
657, 452 in dividends to their stock
holders. With his one third interest
in the Standard Oil Company, John
D. Rockefelle" is the largest individ-
uaI holder in this list of 200 dividend
paying stocks,
Some one must have sold stock in
the inception of these companies, and
the thousands and tens of thousands
of investors made the greatest share
of their profits and rendered possible
great enterprises. Without this
division of interest through the
medium of capitalization there would
have been no great mining successes
that produce nearly one third of the
annual wealth of our country.
Truly, there is that which scat
tereth, yet increaseth. ~
We want to see the day when min