Gilpin observer., 1913-11-27
WHY MINING IS QUIET

ing, and one that has retarded its
development more than any, other
cause, is the encouragement given
to the intended mining investor upon
his arrival not only in Denver, but
in many other towns of the plains
IN this and other mining states. When
a prospective, mining investor ar
rives from the east and his business
is made known, the. banker or real
estate sharke, who has the gall of
the -, will interrogate him, and
when it is made clear that his des-
tination is the mountains to make
mining Investments, these self-same
men, who owe everything they pos
sess to the industry of mining, will
advise him that mining is a hazard
GUS vocation, beset with many pit
falls and disappointments, while in
vesting in lots in our great and
growing city, or in our great irrigat-
ing systems, or agricultural and hor-
ticuhdral lands, is a dead certainty
to be profitable, without mourning
any of the risks attributable to min
ing, and as result will unload a
lot of worthless irrigation bonds or
town lots upon the unwary investor,
without regard to unsavory reflec-
tions cast upon the state in after
years.
Mining, when properly conducted,
Is as legitimate and as sure of pro-
fitable returns, as any business In
the world Of trade. A man may be-
come a millionaire from the products
of his mine, without having robbed,
defrauded or in any way inconveni.
enced others. Nature has filled our
mountains with vast storehouses of
wealth, and he that is fortunate
enough to unlock one, gains his
wealth honestly, and without detri-
ment to his fellow men. .Eut how
different in other lines, many of the
millionaires of the east have gained
their wealth by oppression, deceit
and fraud, wrung from the hand of
honest toll. Many bankers, and we
are sorry to say, western bankers
would advise an investor to put his
money into schemes of doubtful re-
pute sooner than recommend tie sale
of q good mine, unless he received
the lions share for his recommen-
dation. 1t has been said that man
can not make millions in his life
time and do 1t honestly, but here in
the west We have many instances to
refute that theory. Thomas Walsh.
w. S. Stratton, U. S. Senator VIM.
NJ. Clark, Macky. Flood. O'Brien, Fair
Jones and many others. whose en-
tire wealth was taken from mother
earth without injuring or depriving
one of their lawful estates.
1t has been said by many that
more money has been put into min
ing than was ever taken out, but
statistics show that the Comstock
mine in Nevada has declared more
net money in dividends that has
been expended in mining in the en-
tire United States, since the d!scov-
cry of gold in California in 1s49.
In order to show that mining is
more legitimate and less hazardous
than many other lines of business,
we will quote from the National Ban
ker, u periodical that is looked upon
as guide to finance:
"The dividends paid by gold and
silver mines are greater than the
dividends paid by all tire banks in
the country; and the dividends paid
by copper mines are greater than
the dividends paid by all the rail-
roads Of the country"
Thus 1t will be seen that great fl
nanciers look to mining as a safe in
vestment and are now employing
their money In developing the mines
that produce these precious metals.
takers. who will organize fake mining
companies and issue fake mining
stock. but this condition is found in
other lines Of commerce. and our leg
islatures have been very busy of
late. enacting laws for the severe
punishment Of such offenders. Min
ing today is as much legitimate in.
dustry when properly managed,as the
manufacture Of cotton and woolen
cloths or agricultural implements of
any kind. The Mining Record. the
leading financial journal OF the west,
has this to say:
"ooid mining 10 the one great in
dustry whore the customer seeks
the producer, where there is no fear
Of overproduetIon, no hunting for
customers, no decline In values. It
10 the standard Of values, and worth
its full price per ounce In every eoun'
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