The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-01-26

Does 1t Pay to Own Mining Stock?
Replying to the question, why should 1
buy LOCO shares of st. Paul & Idaho
Stock at 25c per share, Mr.. Goodrich said,
st time when a 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 itself on a paying
basis, it might look little hazardous, to
the very conservative investor, but when
the development work has progressed as
far, 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 VINO 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
steps Of National Banks Railroads and
other corporations. where a combination
of capital and a community of interests
make it 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 LOO
shares Of the stock of some mining com
pany would make one an income Of no
small amount
LOCO shares of Calumet and Hecla stock
copper has paid as high as $4,000 in
olNldends IN one year, and the total
amount Of dividends paid to date by this
Company is something over. SIS, 900 900.
LOCO shares of Alaska Treadweu CGoId)
pays an annual dividend Of $500.
LOCO shares in the Homestake (Gold)
South Dakota, pays an annual dividend
of $4,000
The LIE Roi Gold and Copper, in Brit
ish Columbia, organized in 1890. sold stock
that year for &c per share, it has paid its
stockholders in round numbers to date
Sl.305eoe, and the stock is quoted on the
London market around S35 per share.
The almost inexhaustible resources of
the Occur d'Alene Mining District. in .he
State Of Idaho, cannot De placed before
the investing public better than by Civ
ing 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'AIene District for
the year 1851, was as follows: The Bunk
er Hill and Sullivan Mine produced. S2,-
100000; the Morning Nine ST. 500 900; the
Tigar-Poorman Niibe, $900.0O0; the Empire
State Nine, $,35OQG0; the Mammoth Mine,
$500 600; the Hecla Mine, S186,O03; the
Hunter Mine, $4,000; the Crown Point,
S1S6,0o0; the Frisco $465,OOO; Standard, ST.
100000.
And when it is taken into consideration
that the Silver lead mining industry in
the Occur d'Alene country was inau-
gurated in 1887, and that the pioneers
few in number, had almost insurmount-
able obstacles to overcome in the shape
Of opening up their lines Of communica-
ton so that they culd get IN supplies
Und carry on development work suf1-
Gent to justify the building of railroads
to transport the output Of their mines,
It can be readily seen that they were
not <-off1ce" or cook stove miners, but
men of nerve and staying qualities, who
backed their judgment in no half-heart-
ID Wit oil ha
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 100000, 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, 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 proposi
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 OF
the brush just waiting to be picked, bu
we have got thousands of tons of ore
now in sight To handle this ore ant
make it marketable, we must build {
mill. lust the same as every producer il
the Occur d'Alenes has done. We mus
bny machinery, and all this takes money
We own one of the best water power
in that country and can develop from
zoo to Loco horse power at first cost o.
not to exceed $500, and when our flum
is built that item of expense is practi
cally eliminated, and we will have al
abundance of the cheapest power OF
earth, for all time.
We can't say just when we will pa,
dividends, but if anything is sure OF
this terrestrial sphere, We can count OF
dividends, and good, steady ones, too
from the St. Paul and Idaho in rea
sonable time.
In June, 1900, the Douglas Group wa
located. and in February, 1901, the fiv
claims passed into the hands of tn
ST paul &, Idaho Mining & M. Co., Ltd.
and work has been pushed with such goo
OBJECT that we can now state wit
absolute truth that we have mine. I
reo,,ires good hard work and plenty Of il
and there is going to be lots more wor
before we are on a dividend paying basis
incidentally it may be mentioned tina
during the year, the company has &C
ouired in addition to the five claim
originally purchased, two full claims an