Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1904-07-16
TONOPAH BONANZA
SATURDAY, JULY 16. 1904
Mining Investments.

a Etca1 nldHy NeW 1OfK HnanclerS
of the Weather class are waking nm
to the fact that mining investments
are a pretty safe source Of wealth.
and recently the leading financial
newspapers have reviewed on the
state OF affairs in their columns. Only
recently the New York Commercial
printed an elaborate review of min
ing and the editor expressed the
opinion that this highly important
industry is not receiving that meas
ure of attention from the eastern in
vestors which facts warrant. Tn the
larger cities, and especially so in
New York, there has been a DISPOSE
ton on the part of the weather.
class of investors TO cry down any
mining proposition that was pre-
sented to them. This course of ac.
ton has, OF course, reflected to some
extent on numerous legitimate, and
what may be made profitable mining
enterprises, and heretofore the effect
has been to a large extent to restrict
active dealings in mining shares to
the mining areas and TO investors ia
the smaller towns. There is no sub
stantial reason for this, and the hope.
ful sign OF people getting out of this
rut is the increasing number Of iinan-
cially solid and reputable firms which
are now making a speciality Of deal
ing in mining shares. 1t is only a
question OF time when the public will
be educated up to the fact that there
are just as reliable mining properties
as there are railroad or industrial
properties. A great deal Of the
prejudice against mining is disappear.
ing 10 the light Of a clearer under
standing Of the facts. The cold logic
Of facts proves that il is not only one
Of the best paying industries, but all
things considered, one of the surest
as well; and the actual profits on the
outlay Of many d small mine would
exceed the profits made by a number
" factories using ten times the
amount of capital. In q factory 10 a
staple business profits are rarely ex.
cesslve and frequently earnings Of a
year are wiped out in a month by the
action Of the market, and in spite OF
all precautions. In a mine there is
always the possibility Of striking
great riches, and as mining is now
conducted, an examination before
operations are commenced will give
a pretty general idea Of what can be
expected. Mining is, Of course, in a
speculative, but SO is every
other business, and many TO a larger
extent than mining, American PEG.
pie look for an element Of chance 10
investments, and the day is fast ap.
preaching when the business of min.
ing will be better understood by the
large class Of investors who at the
present time cry down the purchase
of mining stocks, The modern meth.
DDS Of treating ore has admitted
utilizing what was thrown away as
waste from mines. A few wears age
the tailings which it would not pay
to handle can now be worked at q
very satisfactory profit. These new
methods and appliances make it prac.
teal to pay dividends from ore thai
a few years ago could not be handled
without loss. The public are being
educated to the fact that making
money IN mining requires patience
and a certain amount of capital fol
development. When a property ha.
been fairly developed, machinery L
handle the ore is of course necessary
This all requires capital, but in pro
portion TO the amount Of capital re
CURED, mining may be fairly said t
return larger profits than mos
staple business. A great many PEG
pie do not look upon mining as a bus
mess, but when conducted on {
business basis it is invariably a sue
cess. New York Banker.
For the Band Boys.
Inann & A rInn ihn nnfn1.nnipin