Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1912-03-29
MINES HAVE SUSTAINED
COUNTY's BUSINESS

lttio al CIV ~ ~
presumably gold and silver
mining-and warning investors
against buying mining shares. SAYS
the Boston Financial News:
We suspec: it was written by
some gentleman who gets a COM
mission for unloading city, cor
poration and aspsci ally railroad
bonds upon people an3 which bonds
are advertised - ipay from 4 to 6
per cent interest.
No doubt 1.-THE gentleman is
principally concerned about his
own business and finds it to his
interest to .derioe mining stocks,
though he knows mt more about
either than lie does whether the
canals on Mars were dug by the
general government or by private
corporations who secured for a
song large tracts of arid lands and
after putting in their canals sold
out at an imrnerse profit by adver-
Using that the lands we're fine for
prunes or peaches ard that there
were no signs of weevil IN the
Alfalfa.
But there are some curious
features about tbs prejudice
against mining. ca this same
page Of the Review OF Reviews we
see the statement that the 6,000,-
600 farmers of the United States
produced s., 0eO, 0OC 600 worth of
crops last year, or stated in
another way, they created new
wealth for the countIy at the rate
of nearly $24,0 GOO, 600 a day."
Is that true? Suppose they had
produced the same amount from
their land IN, say, 1852 sixty
years ago-whrt would it have
been worth?
When we tuil back TO see we
find that the Iowa farmer raised
just about IS much corr to the
acre that year as he cd last year.
But that year he fed a little of
it to his pigs ard he burned the
rest for fuel. What has made the
difference?
1t was something that gave sharp
men the credit o sell straw rail-
road bonds in foreign countries,
was it not? Something that
enabled then 10 capitalize their
roads with 500, 600 per mile in
stock and as much more in bonds:
to sell the bonds at par; chen to
build and equip he reads at about
S12, 600 per nilc. to 1old all the
stocks and dear ab-ut $4,000 per
mile from the sule OF the bonds1
oalide begging the right Of way
and subsidies from cities and
counties and iron nothing owning
the roads and haviry a fortune
IL money in ADDITION.
But what really rave to them
the credit? Aud why did they
have non prior 10 about 1851?
Was it not because the previous
year California miners had sent
$4,000, 900 in gold from their
placers, and because the promise
vas that they would repeat that
every year of the future? Was
il not that which caufed the capt.
talists of the old world TO conclude
that after all American securities
were about The best they could
invest in?
And has not he West kert its
promise and kept thst stream of
treasure flowing East in steadily
increasing volume? And is il not
true that the leaven which has
changed the mighty corn crop OF
the Mississippi valley frsm fuel
into the most va liable iood crops
in the world is not through the
genius Of the farmers, nor the
acumen OF New York stock shar ps,
but the steady delvinE Of the men
in the mountains and deserts of
the West?
What is this earned adviser OF
the people devcting his life TOT
Making money, is h. not? And
where did al The money in the
world come from except from the
mines? 1t is tie lifo OF business.
is 1T not? The ona thing that
controls busir ess and sets the pace
of the worlds work. Is IL not?
But S o many mines DO not pay"
No doubt; but what business
a.. ... A. .-1 " -