White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1913-07-13
MAGN|TUDE Of
MINING BUSINESS
MOST PROFITABLE OF ALL
AMERICAN INDUSTRIES WHEN
CARRIED ON IN A SAFE AND
SANE MANNER.

An industry tnat lurnlSneS luliy
SIS per cent of all the freight carried
by railroads of America and that Civ
es employment to over 10000
men, must be remuneratiye, else such
results would be impossible of at
tainment. And when 141 companies,
which derive their profits from the
results of mine operations, pay divi-
bends during the first 5 months of
1913 of 1892 POI, it is evident
that remuneration is moi restricted to
limited lines. According to returns
made to Mining and Engineering
World these 141 companies have paid
dividends since their Incorporation
totaling s1,014,633,709.
Despite these unquestioned statis-
tics, certain publications take pious
care in warning their readers to De-
ware of mining investments, portray
ing the mines as diabolical contriv-
ances TO tempt the dollars of eredu-
lous investors from so-called legiti-
mate channels of enterprise, and
have gone to considerable expense
and trouble to warn intending incest
tors from the attractions of mining
mate basis, mining offers the greatest
inducements alike to the wealthy as
well as the men of small means.
Take for instance such mines as the
Anaconda, Calumet & Hecla, United
Verde, Goldfield Con, Bunker Hill x
Sullivan, and hundreds of others,
which have yielded greater returns to
investors. per their equalization. than
any other industrial or commercial
enterprise.
OF more than passing interest is
the dividends paid by American
mines and works during the first 5
months of 1918. OF the 141 COM
panies mentioned above, 81 operate
copper properties, all but three in
the United States. These 81 COM
panies have, indeed. an enyiable
financial record. for dividends have
been distributed this year, totaling
$40 ,297,498. To prove that such
dividends are of regular occurrence.
Mining and Engineering World is
able to show that these 81 companies
have paid dividends since their incor-
poration. totaling no less than SAIL
COS, 702. This is a return of $685.
SS7. 701 in excess of their outstand-
ing share capital.
Ninety-seyen of the 141 companies
mentioned above are classed as gold
silver-lead-zinc producers and they
have to their credit during the first
5 months of 1918, dividend pay
ments totaling s16.65O,251. To date
these companies have enriched share
holders to the extent of s30S, 1885,
ia, a return of s54,915.113 in ex-
cess of thir outstanding capital. The
metallurgieal works, five in number,
were. by reason of the activity of
mines, able to divide $~5.079,3S2
among shareholders. Since incor-
poration. however. these five CON-
panies have disbursed dividends to-
falling $133.697,466.
Eight notwithstanding corpora
tons, those organizations looking for
profits principally from holdings in
operating companies. were able to
pay dividends during the past 5
months totaling ~$9.665,O7O. Since
incorporation these companies have
paid dividends totaling 3161,S61,427.
What further evidence is needed
that mining when carried on in a
sane and safe manner, is one of the
most, If not the most, profitable of
merican industries?