The Hope pioneer. [volume] (Hope, N.D.) 1882-1964, 1910-02-03

It's o OF fraudulent claims and Wild
cat schemes, the mining industry has
paid more money in dividends (com-.|
pared with other industries started
within the last 30 years. than any busi-
ness known.
The fact that years ago somebody
put money into a mine somewhere and
lost it has absolutely no bearing on
the present situation.
The all important fact that should1
not be lost sight of is that the con-
ditions which governed mining in the
past should be entirely cast aside. and
only the present new conditions, now
existing, be considered. n
The records of mining enterprises
show that I'VE SO per cent are success
full, the records of general merchan-
dising, including manufacturing, show
that less than 5 per cent are successful
while the records of stock, wheat,
corn and other market sp%eculations,
show that onty two per cent are sue
cessful.
Still, some mines are failures-but
it will be found that in nearly every
case the failure could be traced to
dishonesty on the part of the manage
ment rather than to any fault of the
mine. MINES ARE MADE AND
NOT FOUND. 1t is a mistake to
think that anyone a operate a mine.
Mining is a distinct gift and a pro-
fession in which a technical and prac-
tical education is essential. The min
ing industry of today in the West is
las a rule) carried out Oh business
lines, by business people who are suc-
cessful. III
Another thing to be considered is
that the princely fortunes in mining
are made from mines of low grade,
large tonnage and where the ores run
less than $500 per ton.
1t is an undeniable fact that the most
influential men in the business world
have turned their attention to mining
1.-THE source of nearly all wealthy, and
those persons who have been enslaved
to the idea that the only safe propo--y|
sition was a 5 or 6 per cent security,
now realize that many millions in in
terest have been lost to them through
needing the advice of those who are
interested in cheap money-and fur
ther, many of the richest men in the
world are mining kings, who have
grown powerful through the proper
application of what was originally a
moderate capital; and it is also proven
that while millions of dollars have
been lost inrailroads, farm mortgages,
industrials and building associations,
the American mining industry has
steadily advanced making enormous
profits for it's supporters, building
great states and cities. In mining in
vestments extremely large amounts are
not necessary to make n successful,
for the man of moderate means prop
erly advised has opportunities for
HulChly uOuU1111S liz SOPlUd1 uloC1 LII
corporation.
Great achievements are made pos
sible through combining the sums of
small investors thus equalling the cap
ital of the individual millionaire,
and making possible gigantic under
takings that r productive of enorm-
Gus revenue; by coalition the dollar
of the man of moderate means is as
powerful as the dollar of the money
king.
For years the wondrous profits Of
the mining industry have been whis-
pered among investors who apparently
were afraid to let their neighbors
know that they we're identified in min
ing; but the recent investments of the
financial cars have opened the eyes
of the conservative investors, and they
are now making afforts to obtain their
share of wealth which nature has
spread so lavishly.
Nature has laid her treasures in the
mountain recesses of the west, The