Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-08-04
BUSINESS And MINES
A Great Commercial Institution Pays
It's Quarterly Dividend TOmOTTOT.
$4,000 GOES TO STOCKHOLDERS.
Gold Bar from bingham Comstock
Miners Wages. Land Onlcc
aud Other Items.

section OF inc country, IiOhfH W.
operative Mercantile institution will
nay over to lie stockholders the divi.
dsnd for the quarter just ended, The
amount Of cash which thus comes u
the owners Of shares IN the institution
is Sg7, 900, being dividend Of - per
cent for three months or $3.50 per
share.
The bulk Of this money goes to resi-
dents Of bait Lake and vicinity, and
will soon ind IT, way into circulation
In this quarterly dividend u. g. NJ. I.
showssonie Of the effects OF the financial
stfingsncy, in tho per cent being
sllzhtly under that which has been
paid several successive quartcte. But
tbs fact OF iis being no large I'm these
time on working capital Of more
than million dollars IL glowing
tribute 10 tho financial wisdom md
ability Of the managers Of the instltu-
tion, which ov crtops all others In this
region TOR magnitude and for H. Bone
flis to the people by keeping mefchan.
disc nj the loweBt ratio consistent with
conducting successful business.
SILVER MEETING.
A mass meeting OF ScandinAvlaus
will DO held In the Social Hall on
Monday evening, at 1880 O'Clock. Tho
aasemblAge IL called independent Of
political affiliations, the purpose being
TO pass resolutions on the silver quee.
lions, 10 DO presented 20 the four Scan.
dinsvian members OF Congress.
LAND OFFICE.
The case OF Peterson vs. Wing was
H,ill being heard by the register and
receiver In the land Office to-day.
William Salmon filed final proof on
tho homestead entry covering the
69utheast quarter Of section !, town.
ship . north, range east, In summit
county.
Horny p. Easloy Of Woodruff, Rich
county, filed n homestead application
t1r the east half OF the southwest
quarter Of section 4, township s north,
sangv east.
Willard ID. Dennoy filed M appllcA-
ton for desert onlfy ON the northeast
quarter OF the southwest quarter OF
section is, township l south, range l
east.
Martin Sheoran iilod an application
for coal claim covering lots ] and .
and the southeast quarter Of tho
northeast quarter OF section 4, town
ship 2 north, range oatt.
Theodore IL. Smith also filed an
application for coal claim, covering the
west half Of the southeast quarter and
southwest quarter OF the northeast
quarter Of section 4, township 2nor1h,
zango east.
BAR OF GOLD.
Last evening Il. ID. Egan and wife
came down from bingham canyon.
MT. Egnn brought with him bar OF
gold, the work Of twenty and half
days run Of the mill at the BtewR II
No. mine. The bar 10 worth ss6I0.
COMsT0CR MINERS WON'T REDUCE.
The Carson, Nevada, appeal says ils
representative has been on the lode
during the past few days cleaning
what he could Of the wages situation
on the Comstock. One member of the
union who was interviewed said: "Our
meetings are secret and l eau give
nothing official. You may say that II
will DO a big surprise n the miners nc.
cept any reduction. Our wages are
none too large. We don't propose 10
sweat In the HwelteTing drifts and In.
hale tho poisonous gabes for less than
81, while men are lOating In San Fran.
cisco and drawing fat salaries IA super.
intendenta and secretaries Of dozen
money In our treasury to run Us long
time and none Of our members out Of
employment will suffer. DON'T be.
lieve word Of the talk about putting
1000 mon 10 work at So. IL is all bosh,
IL the mine-ownora meant business
they would put their proposition In
black and white.n
Another miner said. "Begin coon.
omy with the mill and we are all on TO
The racket Why, long ago y mine
here lost $1,000 month, and the mill
that crushed tho ore made about $4,000
ON IT, The mill stump hole takes the
money out OF the mining Industry and
when tho mills cheaper, M they can,
and still make n profit, there will be no
need OF reduction Ia wages. Lot m
outsider 90 down 10 those heale d levels
ard see II he thinks 50 too large, and
aside from that under economical man.
ngement and cheap milling there need
be no cut In wages"
The miner asserted that the reports
OF lOw-gfAde ore were misleading,
why" he said, al saw ore IN DRIFT
not iung ago which afsayed $3.50 "A ton,
ANA the car samples Of that same ore
w,rs reported at $40. The game has
I'ru played long time, ana covers up
great deal Of crooked work. We see
N N.aa'r hulAk on hNA Keep our NnNNANH
nut. While we Lnow these things we
uHu'i propose TO accept reductions In
uH-rs because We know that % tho
ululH were honestly managed there
aaglI be- no need OF n reduction"
lhe amount claimed 10 be IN the
tiraWury OF the union 10 100000, with
&iO,UnO promised from tho unions oi
san FrinoIscO, anu also quite sum
from Butte city, Montana, which on %
iImos occasion was aided by the
Virginia Miners union.
NOTES.
The Sheep Mountain district, Idaho,
Va attracting great many prospeciorB
OF la,o. They go in 10 look Tor new
L1ld mines, and to do developments on
come OF the Old locations.
II. Q, Goodspeod anticipates leaving
iur ihe Stake river country, Idaho, IN
Jew days, 10 establish plant 10
0Ik gold on that stream, HIS ptucors
VIII 10 to pump sands from the river
ei mad save the gold by amaIguma-
HUn.
The rouglas Consolidated Placer
Mining anu Milling company Of
LatHmic, Wyoming, completed ITO
ur.aniEatiou on Tuesday evening, ant
tas started out On hlg fCalg to work
l's 500 acres OF Ilacor grounds on
huudy Douglas, Beaver and Lake