The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-01-26
Money in Mines
loes 1t Fay to Own Mining Stock?

Does It Pay to Own Mining Stock?
Replying to the question, why should 1
buy 1000 shares of St Paul & Idaho
Stock at 25c per share, Mr.. Goodrich said
at a time when company is selling its
first issue of Treasury Stock, when the
Company is new, feeling its way and
using its best endeavors to develop its
property, and TO put Iself on a paying
basis, it might look a little hazardous. to
the very conservative investor, but when
the development work has progressed as
TAR and has made the phenomenal show
ing that has been made in the Grant Tun-
mel on the St. Paul & Idaho property, the
purchase Of stock at the price asked is
sure to prove profitable and satisfac-
tory investment. 1t takes money to open
UP mining enterprises, and mining men
in organizing Companies are only doing
what the Railroads, Factories and other
industrial enterprises do; each stockhold-
er who buys shares becomes a partner.
his stock represents his interest in the
Mine, and when dividends are declared,
each receives his proportionate amount.
In view Of this fact, mining men who or
game Company and sell stock to raise
money to develop the property. do not
need to apologize to any one for so doing,
they are simply following in the foot
3 steps Of National Banks, Railroads and
other corporations, where combination
Of capital and a community of interests
make 1t possible to bring the undertaking
to life, and put it on its feet.
1t Is no trouble to look over the field
and CLEAN facts from the highest and pest
authorities to see that to own 1000
Shares OF the stock of some mining com
pany would make one an income of MO
small amount.
LUZ shares Of Calumet and Hecla stock
"copper" has paid as high as $4,000 in
dividends IN one year, and the total
amount OF dividends paid to date by this
company is something over SIS 100000.
1900 shares of Alaska Treadwell (c,oId,
pays an annual dividend Of s., 500.
LOCO shares in the Homestake (GoId).
South Dakota. pays an annual dividend
OF $1,000
The LIE Roi Gold and Copper. in Brit
ish Columbia, organized in 1890, sold stock
that year for &c per share it has paid it's
stockholders in round numbers to date
Sl.S05e@, and the stock is quoted on the
London market around $35 per share.
The almost ineXhaustibIe resources of
the Occur d-Alene Mining District. in the
State Of Idaho cannot De placed before
the investing public better than by Civ
&nG a few facts and figures, and it would
be well for the investor to carefully con
slider and ponder over the following
facts, the output of ten of the dividend
payers of the Occur d'Alene District for
the year 1851, was as follows: The Bunk
er Hin and Sullivan Mine produced 81
100000; the Morning Nine s.. 500 900; the
Tigar-P oorman Mine S900, COO; the Empire
State Nine, $3.50 eco; the Mammoth Mine,
100000; the Hecla Mine, 600; the
Hunter Mine, $4,000; the Crown Point,
$186.00o; the Frisco $465,O Standard, ST.
100000
And when it is taken into consideration
THAI the Silver lead mining industry in
the Occur d'AIene country was inau-
gurated in 1887, and that the pioneers,
few in number had almost insurmount-
able obstacles to overcome il the shape
Of opening up their lines Of communica-
ton SO that they culd get in supplies
una carry on development work sufT1-
Gent to justify the building of railroads
to transport the output Of their mines,
it can be readily seen that they were
not office" or 'cook stove miners, but
men of nerve and staying qualities, who
backed their judgment in no half-heart-
ed way with all the muscle and money
at their command. Capital was finally
induced to come in, they went into debt
for hundreds of thousands of dollars:
one mine alone, known to the writer,
was at one time indebted to the banks
for $790,00O but the outcome has proved
that they knew what they were doing,
and that brains, backed by money, will,
as it always has done, bring handsome
returns.
The monied men of today, 1 mean the
planets in the financial armament,
did not make their money by boarding
it in savings banks, they evolved great
railroads, mining and industrial PROPOSE
tons, and the man of means and his
friends. backed the brains ana shared
in the returns.
We have no pipe dreams of fabu-
lousy rich ore, or dollars hanging on
the brush just waiting to be picked but
We have got thousands of tons Of ore
now in sight To handle this ore and
make it marketable, we must build
mill, Just the same as every producer in
the Occur d'Alenes has done. We must
buv machinery, and all this takes money.
We own one of the best water powers
in that country, and can develop from
zoo to 1,000 horse power at a first cost OF
not to exceed $500, and when our f1ume
is built that item of expense is practl-
cally eliminated, and we will have an
abundance of the cheapest power on
earth, for all time.
We can't say just when we will pay
dividends, but if anything is sure on
this terrestrial sphere, We can count on
dividends, and good, steady ones, too,
from the St. Paul and Idaho in rea-
sonable time.
In June, 1900 the Douglas Group was
located. and in February, 1901, the five
claims passed into the hands Of the
ST Paul & Idaho Mining & NJ. Co., Ltd.'
and work has been pushed with such good
OBJECT that we can now state with
absolute truth that we have a mine 1t
REQUIRES good hard work and plenty of it,
and there is going to be lots more work
before we are on dividend paying basis;
incidentally it may be mentioned that
during the year, the company has ac-
ouired in addition to the five claims
originally purchased, two full claims and