Democratic Sentinel, Volume 4, Number 12, Rensselaer, Jasper County, 30 April 1880 — Mining Stocks. [ARTICLE]

Mining Stocks.

The San Francisco Alta says that within the last five years that city has spent $65,000,000, collected by assessments on mining stocks, for work that has not paid $5,000,000, and, with all its yield and present true value, is not worth $10,000,000. More than 80 per cent, of the expenditure has gone into mines that have never paid a dividend, and 10 per cent, more has gone into other mines, in which the assessments have exceeded the dividends.