The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1876-07-07
PRINCELY INCOMES.
Enormous Wealth of the Owners of the
Great Silver MInes.

Enormous Wealth of the Owners of the
Great silver Mines.
Virginia City (Nev) Correspondence OF N. Y. SUM-
The yield of the Consolidated Virginia
mine Ill March last was $3, 634, ,29S. 20.
These figures are official, as got them
from Mr.. Taylor, principal book-keeper.
Since this mine commenced paying divi-
dends it's stockholders have received $40,
600, ,OOU in round numbers. The Califor-
MIA mine, the richest known mine in the
world, paid its first monthly dividend on
the 18th instant, $1,08O, 900, or So per
share for each of it's $4,000 shares.
These two mines pay monthly dividends
OF 81, 160, 900. Beginning in July, the
California mine is expected to pay q
monthly dividend of SO per share, or 81.
62O, 600 monthly. The present price
per share Of these stocks is, respectively:
California, $50; Consolidated Virginia,
$73. Like all mining stocks they are
subject to startling fluctuations. The
knowing ones, however, do not look for
any material changes in prices of these
two stocks this summer. 1t is not alto
gether matter of speculation with re-
gard to these mines. What ore they con-
tain is pretty closely ascertained. At
present there is enough first class ore
therein to keep the mines going for at
least three years.
Col. Fair. Superintendent, is now erect
ing a new 80-stamp mill, in addition to
the numerous mills already possessed by
himself and partners. When this is fin
ished you'll hear of some unparalleled
results from the Bonanza mines. Fair
expects to turn out $4,000, 600 month.
He can do it. 1t is only question of
milling facilities. There is no lack of
ore.
In view of the stupendous wealth of
these mines, the question often occurs to
me: What will be the eventual limit of
the wealth of Bonanza Kings2" Peo-
pie who have watched their fortunes
with critical eyes aver that they are now
worth in money and property upwards of
800, 100000. 1t is common remark
here that Mackay has an income of $780,
600, gold, month. Since the Califor-
mia mine commenced paying dividends
it must have added at least $3.50, 600 to
his monthly income. L think L may say
numbers million of dollars. do not
ask you to accept my bare statement as
a fact, but beg to call your attention to
the following extract from biographi-
cal article on that gentleman, published
in the San Francisco Net0s Letter, March
4, inst.
1t has been calculated in regard to the total
income Of this youngest Of the quartette of
" Bonanza Princes" that every minute Of the
day and night twenty-five golden dollars drop
into his pocket with mechanical and monoton-
GUS regularity. MIR. Mackay owns three-eigh ghths
of the famous Bonanza mines, from which his
income is estimated TO be over $500, 900 per
month.
James G. Fairs income is not less than
5000, 1000 month Floods, $3.50, 900;
O'Brien's, 100000. Now, here are
four men with gross income of nearly
SO, 900, 900 a month, every man of them
hard-working, practical business men.
With 800, 900, 900 ahead already, and
yearly income of $36, 600, 900, Think it is
safe to set them down in January, 1879,
as the richest quartette in the world.
The question is frequently asked: "What
will Mackay do with his fortune? Peo
pie seem to forget that the more money
a man has the more uses he finds for it.
Of all the people on this coast, Mackay
himself is the least anxious about find
ing a use for his money.