Mohave County miner., 1912-11-23
The Profits of Mining.

Those of us who live here in the west and are intimately in touch with mining conditions. not alone in the state in which we happen to reside, but to an extent also with conditions in adjoining states, are perhaps some- what impatient at times in consider ing what seems to be lack of knowl- edge on the part of those not so favor ably situated.
 This may possibly be considered a natural attitude, for it seems to be a human frailty that we become at times impatient with those who do not fully understand things with which we our selves are perfectly familiar.
 It must be rememb bered, however, that those living at a distance, not being in actual personal touch with the mines, are not so apt to realize the magnitude of the mining industry, nor what it means to the country at large. This is illustrated in the fact that the general press of the sections outside the mining states, interested mainly in presenting local news or political questions of national importance, often ignore events in the mining world that are of considerable importance to the whole nation.
 With this in mind, the editorial from the Toronto Globe, herewith re- produced, is of interest as presenting from another viewpoint facts that are to great extent familiar to those intimately acquainted with the min ing industry. The Globe says:
 "One of the chief sources from which Canada may expect to earn interest on the large amount of British capital invested in the Dominion is metallic mining. A great deal of capital both foreign and home has been lost ia the exploitation of Canadian mines, but it is nevertheless true that when mining capital brings returns at all they are usually high returns. The Cobalt silver camp affords the best recent example of this. In less than eight years it has paid almost forty million dollars in dividends to the owners of dozen mines. That is un- doubtedly more than has been invest, ed in all the Cobalt companies, sue cessful and unsuccessful. The Cobalt camp is good for at least another de- cade, and the net return in profits. above all money put in, will not be less than fifty millions of dollars in add- tion to the amount already obtained.
 "The Porcupine cost lot of Ontario people money. The wildcats were numerous and voracious. But the out side figure of all the capital thrown away in actual unproductive mining there would not be four million dol lars. One mine alone in the camp will yield more than that In net profits during the next two years and will probably add eventually not less than twenty-five million dollars to the worlds stock of gold. The Porcu- pine field taken as whole. should re- turn at least ten-fold for all the money spent on it's successful and unsuccessful mining propositions.
 "We do not hear much about British Columbia mining just now in the East, but there are still very considerable profits derived from metallic mines of that Province. Five companies operat- ing in the Kootenay and Boundary dis tricts have already paid this year 932,- O00$ in dividends, and further material disbursements are likely before the year ends. There seems no reason to doubt that for many years to come metallic mining in Canada will be most important source of national wealth. ."-Denver Mining Record.