Gilpin observer., 1914-04-02
\ WESTERN VIEW OF
THE MINING INDUSTRY


felopment of the mining industry. its
bps and downs, we cannot help but
lave a few ideas relative to this the
TO briefly summarize these would
De to say that out of the millions of
| people in the United States who talk
with the utmost confidence about
| mining there are in reality but few
who can do so; that the things that
have built up the mining business
n the past are just becoming active
again; that during the past few years
the industry has been more malign-
ed than any other; that it is the
cleanest and best of all industries
in the world, and above all that the
business conscience is undergoing a
radical change which within short
time will make mining more potent
force than it has been in two dec
AIDES. Now to eXemplify our state
ments.
Mining as it is today pays high
er than industrials, and in spite of
| what people say, it is as substan-
tial as any other industry. Mining
stocks, paying dividends, generally
pay from Is to as high as 60 per cent
year, while industrials pay from 3
to 8 per cent, and maybe an Irish
dividend or assessment. Wabash is
paying one now. Other railroads run
the chances of doing the same. Can
you invest in railroad and run the
chance of having your investment
increase as many hundred per cent
as in mining? Investments in patent
corporations are pointed out as yield
ing enormous profits. There are
probably a dozen out of hundreds
that have made promises and made
good.
In the making of mines we think
of DR.. Douglass efforts to make a
mine of the Copper Queen at Bis
bee, Ariz., which has made millions.
After spending $4,000 In developing
to the 4OO-foot level and getting moth
ing in return, there was desire on
the part of several to abandon the
effort AS last resort it was de-
cided to spend $4,000 more, and the
result was that before small part
of this was spent the company was
in ore making money. Today that
achievement stands out strongly in
Arizona.
undertaking magazines Sunday fea-
lures, editorials in the daily papers
and periodicals found that in bless
ing mining in their own way it was
source of income. 1t was a popu-
lar idea. 1t was what public liked
because the credulity of the people
sanctioned it. They had been induc-
ed to buy a cat in a bag because
the village trader said so and he liv-
ed in big house. They did not ask
for expert information as they did
when they purchased a house and
wanted the title clear. They might
have been stung and accordingly
blamed it all onto anyone who men,
toned mining. They followed the
man in the house and not their own
judgment. They did not learn that
mining is business and not a gam
BILE, that it requires just as much
judgment to succeed in it as in any
other line of industry.
ha in
zines have chosen a shot at mining,
first because the majority of people
knew nothing about it, and second.
because they could say most any
aware that it was wrong. Blue sky
laws were established by legislatures
and it was declared that they hit at
mining. AS matter of fact nearly
80 per cent of such laws were aim
ed at patent, rubber, land, shrubbery.
advertising, banana, timber, railroad,
and other industrial schemes. 1t was
soft place to light when they said
mining and the mining men laid su-
pinely by when the procession went
along, remarking to themselves that
the mining business paid in spite of
what they said
Did you ever stop to think of the
millions of good, clean dollars that
are added to the wealth OF the ma
ton each year through the mining
industry? West OF the Missouri riv-
er it is safe to say that Go per cent
IN tho m inipp businasa THE 10 ca III