The Sumpter miner. [volume] (Sumpter, Or.) 1899-1905, 1902-07-09

but the former pays much larger divi.
dends. There il undoubtedly ore money
lost in spcculatinv in corn. wheat and
real estate than in mining. 1t is estimat.
ed that the annual dividends on the
nominal capitalization OF mining com.
panies amounts to more thani thirteen
per cent. II il no wonder, therefore, that
during this year there has beeh such an,
inquiry for good Investments in miaes
aud mining stocks.
The interest Of the western miner and
the eastern. investor should be one;
namely, mutual benefit. The prospec-
tor blazes the way for tie profitable in.
vcstmcnt Of capital and for the work Of
the miner. The prospector il poor
man and 80 il the miner. These men
may have u group of good claims worth
now only II few hundred dollars, or per-
haps II few thousand dollars. The
claims might ntver be worth any more
il the development depended on the
labor ol the miner, which IL his only
capital. II costs money to sink shaft
to the depth Of 1000 feet. The expense of
such work IL from so to $50 per foot.
Stations must bc cut at different levels /;
crosscuts must he run to the ledge, and
drifts have To be run tn block out the
ore in the veins. Sometimes thousands
Of dollars are needed for pumps to Ian.
die the water. The pumps Of the On.
tario mines cost more than 81 ,OW,OOO.
Nearly $5OO, 600 and wears Of patient
work were required to make u DAILY
West, which has paid since October,
1908, the good sum Of 81 100000 in divi-
dcnds, and il now distributing forty
cents u share per month, ar $72,OU to
the fortunate stockholders.
Not many years ago one, who has he.
come rich in mining was developing
group of claims IN Tintic district. A
friend oi his said "Bill, am sorry to
see you putting your money into the hole
in the ground in that place, as you never
will find anything"
Bili kept ON working, however, and de-
vclopcd the Centennial Eureka, which
has paid g., ,75O, 900 in dividends.
This is the history of the Ontario
mine, which has paid nearly tl+,OOO,OOO
in dividends, and also Of the Silver King,
which has paid in the last eight or nine
years more than $5.OOO 900 in dividends
and is now distributing 800 OOO every
month to the stockholders. During the
last year the Silver King paid 81 300 900
to its stock holders and will turn out the
same amount this year. In fact, We
may say that all the great mines Of the
country were ut one time only prospects,
which could be bought for u few hun.
dred dollars. The miners sought capi.
tai for development. The owners and
the investors in the treasury stocks
Of these companies have become
wealthy.
Two or three important facts must al.
ways be considered. The prospects
should In well located aud the manage.
mcnt of the mining company should be
capable and honest. However capable
the management may be, ii il is dishon.
.st, investors stand u chance Ia lose.
The management ri II mining company
may be honest, but ut the same time il
may bc incapable oi developing mining
property and he rXtravagant in the ex.
pcnses ui development. Ii, however,
the management is capable and honest,
well located property will very likely
become u good producing mine, and II
the management is capable, /, implies
that n good selection Of property would
In made.
True, the best Of mining men may