The silver blade. (Rathdrum, Idaho) 1895-1903, 1896-05-23
SLOGAN STAR TAKES RANK WITH
THE LEADERS.
About Three Million DolInr. wor+h
Of Ore Now in Sight in the
Mine.

Spokane, Washington, May 2O-News I
was received from Milwaukee yes-
terday that at a meeting Of the SLOGAN
Star Mining Company. held in that city
last week, q dividend Of 100000 or 10
cents share on the capital stock Of ST.
100000, was declared and will be paid at
once.
This is to be one of three dividends of
like amount which the company proposes
to pay three times year, in addition to
all operating expenses and fixed charges
This dividend will lie paid from the earn
ings Of the mine during the last six
months, in addition to putting in a 100
ton concentration, a tramway from the
mines and fully equipping the property
for business.
The SLOGAN Star is one of the most re-
markable mines in the northwest. Whom
the property came into the hands Of Mr..
White it was scarcely more than pros
pect, but developed wonderfully in short
space of time until now it is probably the
biggest producer Of silver-lead in North
America With the present workings
there is now not less than $3,000,00O in
sight, besides 10000 tons Of ore on the
dump awaiting concentration. The man
agement of the mine has been most con-
sentative and but few of the plans Of the
company have reached the public.
Since starting in with regular ship
ments about two years ago the company
has shipped 100000 pounds Of lead and
100000 ounces of silver.
1t was only recently that the company
contracted to deliver 1900 tons of ore and
concentrates each month to the Omaha
& Grant smelter at Pueblo, Col, for the
eight months commencing May !. As
this product will run 500 ton this con-
tract alone means $1,200,000 at a conserv-
alive estimate.
The officers and stockholders of these
big mines are: Angus Smith, president
J. Hoyt Smith, secretary and treasurer
Byron N. White. vice president and gen.
eral manager and Frank L. Vance, Da-
vid Vance, w. J. Dadmun, Charles M
Kipr and the A. L. Gross estate, all Mil
waukee people and interests. There are
eight claims held by the company, whicn
has a capital stock of $1,0O0,OOO and the
mines are at an average elevation OF 4oo'
feet above the sea Level. The company
is now prepared Manager White states
to pay the agreed dividend of 100000 every
four months A sufficient amount OF ore
is developed or in sight to keep the corn.
| pany busy for the next three years. -Four
! levels are now operated, the f1ttn havlae
been recently opened.
The railroads which have penetrated
| that country have wonderfully stimulated
| the production of the mines. Three years
| oped sufficiently to warrant shipments
Now there are 80 shipping mines and three
| or four dividend payers and other prop
critics which will pay dividends before
| another year. All of the mines are pro
| ducinc high-grade ore. Two cars OF ore
| shipped from the Reco this spring nettef
| the owners a little less than $4,000. 9th
er rich shipments have been reported
! Including eight cars from the Monitor
| which went over $1,000 to the car.
! But the SLOGAN Star is the chief amons
| the producers Byron N White Is res
ident of Spokane and to him belongs TN
! credit of making the SLOGAN Star mine
Of the first magnitude. his mine IS ~
| ooted near the head of Sandon creek
about mile from the town of sandon, OF
| the Kaslo & SLOGAN railway, and can snll
with equal facility over the Kaslo q $40
| can and the Nakusp branch OF the Gan
adam Pacific.
| SPOKANE CASES WE'RE INVOLVED