The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1904-02-18
PROFITS IN MINING.

ing the profits to be paid in mining
and, almost without exception, they
agree as to the Legitimacy Of the pur-
suit and the many avenues this indus
try offers for safe and profitable invest
ment and for the accumulation Of great
wealth and princely fortunes. says the
Salt Lake Mining Review.
There are many who claim that more
money is lost in mining than there is
made. It is easy TO make such an as
sertiop, but not so easy to substantiate
such statement by facts. Il Is un-
doubtedly the case that great deal Of
money is lost in miLing ventures; but,
without doubt. those suffering from
such losses would lose II they engaged
IN any other occupation or pursuit; for
they are not money makers, and would
go broke If they were TO find mine
productive OF 80 gold pieces. They
are lack ing in the essentials necessary
in the makeup OF good mining uan,
investor or Spectator. Ii other words
their jud gment is faulty. and they are
as apt to invest in a worthless mining
proposition a. they are TO pick out
property OF genuine merit and value.
and yet they will condemn mining in
all tie branches and make asses Of them
selves by constantly re-iterating the
thread bare phrase that INNING is
failure.
II mining i q failure why is il that
every year sees great additions to the
army Of men engaged in this fescina-
ting Industry: II il Is a failure Why is
il that sTsry year we have more min
ing kiLes than railroad milliouaires'
II mining : a failure wby Isl - > min
ing men are building palat, - aances
In the great mining centers Of the west:
II mining : failure, why Is it that
men ho. two or three years ago. we're
going about with great patches on the
seat Of their pants or oyeraIls, are now
the best-d ressed men on the streets and
who have large sums on deposit in our
local banks: II mir ing is a failure how
DO you account for the rapid rise in the
mining world OF such men a. Senator
W. A. Clark Senator Thomas Kearns,
Samuel Newhouse, Captain J. r. De-
Lamar, and scores Of other well known
mining men who are now pointed out
az money kings" but who, few
years ago, were accounted as poor men
and who were engaged in various &C.
equations that brought them but a
mere pittance:
Page upon page might be written to
prove at mining is not failure. Ar
gument after argument might be ad-
yanced TO show that the industry il
strictly Legitimate, and the names and
successes OF thousands Of men might be
cited To show that no surer avenue ex-
lists for the making OF money would be
wasted upon the watering ones, and
could not strengthen the faith Of those
who believe and know that mining Is
better than banking, better than rail-
road stocks, and better, by far, than
any other Industrial or com mercial pur.
suit.
II mining IS failure, how can one
account for the fact that Utah mines,
since the year 1876, have produced
s242, 585, $50 in the precious or baser
metals? And, can anyone believe, that
in the production OF this princely SUN
that more money has been expended
and lost in mining operations than has
been made in the shape OF net profits:
II mining is failure how is it that the
Silver King mine, OF Park City, in iti
dividend disbursements, pays the in
vestor fourteen per cent interest upor
his investment; that the DAILY West, o.
the same camp pays twenty three pei
cent, that the Grand Central pays
twenty-five per cent, and that the Utah
Consolidated is able to pay 81 share
In dividends to its shareholders an
nually? Can any other investment
eclipse this? From fourteen to twenty
five per cent on an investment is prop
csition that should appeal to every per
son who is seeking for good profits, and
especially so when compared with in
dustrial securities bringing from two
to six per cent per annum; and the
mines of the west offer hundreds OF op
portunities for the making of similar
Investments.
In speaking of mining and OF those
who consider that it Is the greatest Of
all ind ustries, tho back bone OF the A
nancial world, we deem it fitting to
quote That Cecil Rhodes, one OF the
great mining magnates OF the age, had
to say on this subject before his death.
Mr.. Ri odes said:
II speak advisedly. and say what
every man who has Investigated knows
to be the truth, that less money is lost
proportionately in mining than in any
other business in the world, and larger
fortunes are made In mining stocks
than any business or any investment
on earth. A good mining stock will
pay the investor more easily twenty,
thirty, forty and one hundred per cent
annually than municipal bonds, rail-
road bonds and stock or government
bonds can possibly pay five per cent.
Money in vested in good mining stock
IA safer than In a bank. than in mort