Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1904-07-30
MINING
Some Facts and Figures Illus
trating Their immense Profits

hluiuS DIS III SlOulQ De is
the most profitable business in the
world, The great amount of talk
heard about losses made in mining
and mining stocks would, in the ma
jority Of cases, If traced to its source,
be found to have been caused by some
purchaser Of stock in one of many
widely advertised s~o-called mining
companies having a hole in the ground
somewhere. Stock was offered for
sale and dividends for a time were
paid of from II per cent to go per
cent per annum, as long as the com
pany could sell stock enough to raise
the money to do so. When stock
sales fell off and dividends stopped,
then came the cry of money lost in
mining. 1t is not money lost in min
ing, but money lost by the absurd
foolishness Of the investor ii buying
something he knew nothing about on
the strength Of promises made by
irresponsible promoters. or course,
there are failures in mining, due to
lack of capital, poor judgment in
selecting properties, mismanagement
and many other causes, but indisput-
able statistics prove that mining does
pay.
The rate Of interest which some
dividend paying stocks yield on the
present market price is worth con
sidering. The Silver King is paying
almost II per cent; DAILY West, %
per cent; Century, 25 per cent; Utah,
about 20 per cent, and Grand Cen
trai, about % per cent. II we con
slider the dividend rate on the price
Of the stock when it was first put
out, the interest is several hundred
per cent.
The general public is now beginning
TO realize hat it is true that invest
ments in stocks OF legitimate mining
companies are the safest and surest
for large returns on the amounts in
vested.
1t is a well known fact that the
millionaires OF the west, with few ex
ceptions, have derived their wealth
from mining. Flood, Mackay, Tevis,
OBrien, Haggin, Hearst, Hayward,
Lane, Clark, DAILY, Jones, Stratton
and many others who have figured
prominently in the financial world,
became wealthy BY mining operations,
and thousands Of others are enjoying
independence from investments in
legitimate mining ventures.
What other industry can present
such a record as tbis2
The Lomstock mines ia early DAYS.
when work was prosecuted honestly
on the lode, produced in gold and sill
e 1920, 0O0. 900, and dividends we're
paid amounting to something over
$ll9, 700, 600, gold mines OF California
have produced, as nearly as can be
computed, nearly 81 400, 000, 600, Col
orado has produced $307, 070, 2l1 in
gold from her mines aud millions have
been paid in dividends, the Iudepend
ence alone having paid 81, O35, 1862.
The original stockholders in the
mines which are now paying dividends,
got their shares when the companies
were endeayoriug to obtain money to
open the mines or equip them. For
instance: Calumet q Hecla shares
sold at lOc. They + quoted around
S43O per share and the mines have
paid SS3, $3.50, 600 in dividends. Granite
Mountain stock was sold at first for
Zoe a share aud advanced to $l60 per
share, and there are thousands of
others which might be mentioned.
II has been estimated that 500 in
vested in Calumet & Hecla in 1863
realized 1888, 900. One thousand
shares in Calumet & Hecla now would
pay over So, 900 per year. One
thousand dollars invested in the Port.
land mine at Cripple Creek, at the
price at which it was first sold,
brought nearly 800, 600.
One hundred dollars invested in
United Verde stock at its beginning
realized $50, 900. Three dollars in.