Semi-weekly herald., 1913-11-17

splendid propositions. AS state
above, the possibilities of mining ar
truly wonderful and right here "
desire to insert an extract from d
Mining and Engineering Worl
which caught our eye since startini
his article:
Mining Dividends Increase.
According to figures compiled
by the Mining and Engineering
World, there has probably been
no period of equal length in the
history of American mining so
prolific in dividend disbursements
rs has the ten months of 1918,
ending with October. This too, in
spite of the fact that q revolu-
ton has existed in Mexico and
strikes and other causes in var
ious sections have resulted in
lessened outputs in the districts
affected.
1t is shown from reports that
14S companies in the first ten
months of 1918 divided among
shareholders $S5, ,143,412. This
compares with the disburse-
ment of $s2,s12,52S by 141 COM
panies during the same period in
1912 and of $7l,7l1,74s by 142
companies in 1911. Since incor-
poration the 148 companies con-
tributing to the 1918 total have
paid dividends of $3.50, ,073 $50.
This is $51. .4O2,2S6 in excess of
their combined issued capitaliza-
ton.
Not included in the declara-
ton above is the disbursements
of ten securities-holding corpor-
atoms, which during the ten
months period divided among
shareholders $21 1,413,2s4. While
probably the major portion Of
this amount is derived from hold
ings in other companies, yet
number, such as Phelps, Dodge
& Co., receive large profits from
direct operation of mines. Since
Incorporation these companies
have paid total dividends Of
$167, ,225,341.
Where could we find more convinc
ng proof of our assertions? Look
ike providential that we stopped 1
to look over the financia
,age of the Chicago Record-Herald o
8 which contained the re
,ume copied from the Mining ant
World. Such articles in
.rease the desire of monied interest
% invest in mining propositions. Nov
ct the newly organized mining bu
reau get busy. This bureau mus
Use above personal interests of an.
,ne or dozen men-take an interes
n the outcome of investments as wei
Is in making the sales. 1t shoul
stand behind and insist on legitimat
as we'll as placing mininl
IN favorable light.
One more word on the subject o
mining which bears largely on tn
remarks: Why is it tina
ocal men are making money working
mines under leases where the own
,rs, operating through companies an
eastern managers, fail? 1t is be
cause the local people understan
and they generally conduc
operations from 25 to so per cen
less expense than the companies
This should prove an inducement TO
outside capital to take chance wit
local people. We are just as firml
convinced as anything in the worl
that mining is going to come int
its own, brought about by differen
methods. Talk of veins being playe
)ut Is DOSH. Inc MOUNTAINS VI vi
San Juan district have not even bee
we'll prospected. And, lastly: TIL
man who invests and takes a chanc
in mining in this day can profit b
the past, especially in improved meth
DDS of treating ores. just look a
what cyaniding promises in way Q
economical treatment. Ores of tn
San Juan have been and are still BE-
ing thrown over the dumps that ar
made to pay handsome dividends i
Gilpen and other northern Colorad
counties and the Black Hills.
Forget the past and take advani
age of present day opportunities i
mining and there will be a revivs
that will equal anything Billy Sunda
ever started.
Beg pardon. We started this art
icle to say something about the gel
together spirit of the people Of Si
verton but became SO imbued wit
the possibilities of mining that W
have used our allotted space for thi
issue and will have to finish in ar
Herald).
lu0NnpDF1II DECnllDcEC