Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1907-07-04

The New York Herald in a recent
issue, said: @
sit is undeniable that the most in
{ fluential men in the business world
have turned their attention to mining,
J: the source of nearly all wealth, and
those persons enslaved with the idea
that the only safe proposition, was a
5 per cent or 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 ad-
q " - .
vanced, making enormous profits for
its supporters, building great states
and cities, and pointing with pride to
the American possessions of 253
mines that have paid in dividends
over $625 100000.
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 I'M
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.
For years the wondrous profits of
the metal industry have been whis-
~ e.
pered among investors who apparent
" we're afraid to let their neighbors
know that they were interested in
mining; but the recent efforts Of the
financial czars Of the. world have OPP
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 1avishly.
Nature 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
ftalist make possible the tremendous
profits that signalize successful min.
ing" .issss rs.
This statement from a paper SO re.
liable as the New York Herald, is GER
tainly worth consideration.
The Following article appeared in d
recent issue of the Philadelphia
Press: s.s
"The most encouraging feature in
the mining situation is the new stand
the business world Is taking in regard
to the mining industry Not more
than a decade ago mining was frown.
al ,Ipnn !. q :, no n, h1n IN, oa,, a fsxyk,
men in the East. Improved methods
In the industrial as well as the finan.
cial end of mining have worked the
{ change in this respect. The mining
industry is no longer described as
speculative. Men who formerly shud.
dered at the mention Of a mine are
now scrambling for shares in going
properties and taking chances in un-
developed prospects. Large banking
houses are undertaking the stocks Of
mining companies, and the public in
general Is beginning to appreciate the
important relations OF our mineral
wealth to our national prosperity and
advancement. Scarcely a day passes
In this inventive and scientific age
without the application of some new
method Of extorting wealth from the
rock bound matrix of nature. The
cyanide process of gold extraction, for
instance, has been worth countless
millions to the West. It has rendered
profitable immense bodies Of ore that
was practically worthless before its
advent. All the conditions OF mining
favor increasing outputs OF the pre-
cious metals. which constitute the
real wealth Of the country, and min
ing, In short, has proved itself the
most legitimate Of industries. :
BET TER w