Elk City mining news. (Elk City, Idaho) 1903-1913, 1904-07-23
BEST OF INVESTMENTS.

to the holders Of mining stocks with
that paid from savings in banks and
other investments, says:
''The rate of interest which our div
idend paying stocks yield on the present
market price is worth considering. The
Silver King is paying almost ID per
cent; Daily West, % per cent; Century,
% per cent; Utah, about 20 per cent,
and Grand Central about Is per cent.
If we consider 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 that it is true that investments
in stocks of legitimate mining compan-
les are the safest and surest for large
returns on the amounts invested and
the tide of money for investments is
turning from industrial to mining Sc
curities rapidly.
The mining Review of Los Angeles,
CAL, calls attention in a recent issue to
the source of a large proportion of the
wealth of the people in Great Britain
and recites the fact that 'the Mining
Journal, of London, in it's issue of De-
cember 10, 1903, printed list of SO
mining companies announcing dividends.
These range from Sd. share up to los.
share. In some cases the amounts of
the dividends are represented by per-
centage on the capital, running as high
as 80 per cent.
The list further shows that the prop
critics of these companies are all over
the world, in Asia, Africa, the two
Americas, Europe and Australia, They
are all British companies, that is to say,
are operated under British incorpora-
lions, in accordance with British meth
DDS, and the stocks in them are mainly
held by British people. Britons are not
gamblers; not, at least in the sense of
rashly risking in any enterprise their
capital. Their investments are chiefly
from their incomes; if their venture
proves a losing one their capital remains
unimpared, continuing to provide them
with an income"
1t is a well known fact that the mil
lionaires of the west, with few excep-
lions, have derived their wealth from
mining. Flood, Makay, O'Brien, Hag-
gin, Tevis, 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 in
vestments,
What other industry can present such
a record as this?
The Comstock mines in early days,
when work was prosecuted honestly on
the lode, produced in gold and silver
1920, 900, 900, and dividends were paid
amounting to over $119, 700, 900; gold
mines of California have produced as
nearly as can be computed, 81, 400, 900, =
600. Colorado has produced 1907, 070, 211
in gold from her mines and millions
have been paid in dividends, the indie
pendence alone having paid $4,035, 1862.
The original stockholders in the mines
which are now paying dividends, got
their shares when the companies were
endeavoring to obtain money to open
the mines or equip them. For instance:
= Calumet & Hecla shares sold at 10 cts.
They are now quoted around $430 a share
and the mines have paid S83, $50, 900 in
: dividends. Granite Mountain stock was
. sold at first at 10c. share and advanc-
ed to $3.50 per share, and there are
thousands of others which might be
mentioned. 1t has been estimated that
500 invested in Calumet & Hecla in
1865 realized $153, 900. One thousand
shares in Calumet & Hecla now would
pay over S32, 900 per year. One thous-
and dollars invested in the Portland al
Cripple Creek, at the price at which il
was first sold, brought nearly 100000.
One hundred dollars invested in United
Verde stock at it's beginning realized
$50, 200. Three dollars invested in LIZ
Roi stock in 1895 has realized $4,000
The Little Johnnie of Leadville has paiC
over $18, 600, 900 dividends in gold in foul
years, and John Campion, one of it,
largest holders, now lives in affiuence il
Denver, the owner of millions.
= The Little Pittsburg paid its owners
I who were all poor men, about SIS, 000,0 OC
The Grand Mountain gold mine, Mon
2 tana, paid in dividends $13, 600, 600, tn,