The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-01-01

Money Spent Freely for Development and Bet
t0rmentS 80 Conditions all Favorable I'm
piOyor and EmpIOyG Equally Pleased With the
Outlook for the FuturC---Briof Review OF
the Camps

ma INING in Utah during the year
kE just closed has been character
lied by UnequaIed activity in the
line of development and betterment Of
equipment. Money has been spent with
a lavish hand III nearly every district
81 the state Tor these accounts. 1t has
been IN every sense Of the term a period
OF construction Earnings that might
nave been applied to the payment Of
ulNldehdS nave either gone back into
the ground , make the mines bigger
ana better. or have been applied to the
erection of neS works. the building OF
mills or the enlargement of SmelterS
IN many instances these things have
been done and dividends paid IS we'll
As direct result of the policies pur-
sued there has been a greater demand
Tor miners, mill and SmeItermen than
ever before. There has been no frjc-
ton worthy of mention between en-
ployer and employee, and the mining
industry has grown in the estimation
OF the investment seeker TO a point
where II is 10 longer ClasSed as risky
or unstable. The business methods ap-
piled to tn DJrsuit, in Utah at least.
nave had the effect of attracting wide
attention, and while the year was not
one calculated 10 loosen up money, the
magnificent records made all along the
kliue. and strIkingly exempIihed in the
tables of statistics are confidently
state during the year which is now
being entered upon
Mines and Markets.
There is PROBABLY not a single mine
IN the state, nor q prospect, for that
matter, which IS not in better physical
condition and worth more money to-
day than twelve months ago. Gauged
by the stock markets, the reverse of
this might 5e taken to be the case.
But the world has come to know that
there is little n common between the
market and the mine: the former is
controlled by sentiment and Sleight-of-
hand, the latter - known by its fruits,
by the system employed in its han
ding, ana Dy he men intrusted with
its development and care. Where the
same principles are applied in the bust
ness of mining that govern other in
dustriai pursuits, the percentage of
failures are no greater. while the
profits are usually CLEANED in a frstc-
lion Of the tme required to make
pronounced success in most any other
field. This phase of the business, how
ever. Is often rhe cause of undue con
Germ on the part Of the investor. He
IS prone to expect too muCh- he puts
his money into "A mining proposition
and not infrequently expects to re-
ceive dividends within a few weeks or
d few months. Occasionally mines be
come very productive at once, but
oftener It requires from one to five
years % blallB them TO a stage NIeIt
substantial earnings may be counted
lpon. 1t Is unjust to expect physical
? YDlDOssibilitias IN a mining CT any other
business. and when the investor comes
30 understand the calling better he viii
not be as really 10 sacrifice his holdings
on the say -So of the market manipu-
latOr, or draw The puckeTing strings to
his purse SO suddenly when called upon
10 contribute further to the develop
1nent of the properties in which he may
become Interested. The large sums of
money which have gone into develop
mpUt and DetteTments during the past
year indicates as nothing else could
that the men who invest i'm mines and
mining are becoming educated TO its
needs and requirements to a degree
that augurS veil Tor the future, OPP
orators here comment fdVOTdbly on this
change in the business, and they fully
realize its Importance.
Dividends and Production.
4 glance at the dividend table shows
that the mines Of the state have poured
5uto the pockets of their owners nearly
81 500 COO. When il is known that a
dollar expended win usually pay =.