Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1907-07-26

The New York Herald in a recent
issue, said: .5a..
TIL is undeniable that the most in
fuential men in the business world
have turned their attention to mining,
the source of nearly all wealth, and
those persons ensiaved with the idea
that the only safe proposition, was a
5 per cent or s per cent security, now
realize that many millions of interest
have been lost to them through heed
ing. the advice of those who are in
terested in cheap money; and, further,
the richest men in the world are min
ing kings, many Of whom have grown
powerful through the proper appli-
cation Of originally amoderate capital,
and it is proven that while millions
Of dollars have been lost in railroads
farm mortgages, eastern industrials
and building associations, the Ameri-
can mining industry has steadily adj
vanced, making enormous profits for
it's supporters, building great states
and cities and pointing with pride to
the American possessions of 253
mines that have paid in dividends
over s625,0O0.OOO. 1* W ;. :. W
In mining investments extremely
large amounts are not necessary to
make one successful, for the man of
moderate means, properly advised,
has opportunities for quickly doub-
ling his capital. Under interpretations
great achievements are made posi-
BILE through combining the sums of
thousands of investors, thus equaling
the capital of the individual million
aire, and making possible gigantic un-
dertakings that are productive Of
enormous revenue. The dollar of the
man Of moderate means is as power
full as the dollar of the money king.
4s For years the wondrous profits of
the metal industry have been whis-
pered among investors who apparent
ly were afraid to let their neighbors
know that they werea interested in
mining; but the recent efforts OF the
financial cars Of the world have op-
ened the eyes of the conservative and
modern investors, and they are now
making efforts to obtain their share
Of the wealth which nature has spread
SO lavishly. NJ s .'>#s@. ~ ~ -
Mature has laid her treasures in
the mountain recesses of the west
The American miner searches them
out. Eastern capital makes possible
their conversion into bullion, and the
joint results of the miner and the cap
italist make possible the tremendous
profits that signalize successful min.
ing" .s5A<>.s,
This statement from a paper so re
liable as the New York Herald, is Ger
tainly worth consideration. H.
The following article appeared in q
recent issue Of the Philadelphia
Press: -. :
"The most encouraging feature II
the mining situation is the new stand
the business world is taking in regard
to the mining industry. Not more
than decade ago mining was froWn
ed upon as gamble by conservative
men in the East Improved methods
+ in the industrial as well as the fnan
cial end Of mining have worked thu
change in this respect. The mining
industry Is no longer described a
!: speculative. Men who formerly shud
/ dered at the mention of a mine arr
now scrambhng for shares in goinl
properties and taking chances In un
developed prospects. Large banking
houses are underwriting the stocks o
mining companies, and the public il
general is beginning to appreciate tn,
1 important relations Of our minera
wealth to our national prosperity ant
VI advancement. Scarcely a day passe
in this inventive and scientific ag'
without the application Of some nev
method of extorting wealth from tn
( rock bound matrix of nature. Tn
cyanide process Of gold extraction, 70
instance, has been worth counties
millions to the West. 1t has rendere'
profitable immense bodies Of ore tina
we're practically worthless before it
advent. All the conditions. Of minin
favor increasing outputs OF the pre-
cious metals, which constitute tn
real wealth Of the country, and mir
! ing, in short, has proved itself tn
most legitimate of industries"
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