The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1896-08-08
DIVIDEND BY THE LIE K0I
ANOTHER s25, 200 READY FOR THE
SPOKANE STOCKHOLDERS.
Spokane Men Are Enriched
Thereby.
Spokane. Wash. Aug. ..


The old reliable lie Roi is keeping pace
with the dividend-paying mines IN the
Rossland district. AL the regular meet
ing OF the directors, held at the offices OF
the company last evening. a dividend of
cents share was declared on the capi-
tai stock. amounting to $4,000, due and
payable on the 10Th OF the present month.
This makes s2OO,OOo paid by this company
to date. A larger dividend would have
been declared, but the difficulty of ship
ping ore to the smelter has interfered
somewhat with the receipts of the COM
pany, but from this on the ore will 80 out
rapidly.
1t need occasion no surprise If the next
dividend would be 100000 A few months
ago it was reported that Superintendent
Moynahan said that If the ore could be
taken away rapidly enough there was no
reason why the mine should not pay
81, 100000 in a year. People who have vis-
tied the bine and have seen It's workings
are of one opinion, that ii will make one
of the big mines of the world. There are
large quantities of ore blocked out, and
an enormous amount in reserve. These
reserves are known to be of great extent,
as the diamond drill which has been
brought into requisition has demonstrated
this. The history of the lie Roi has been
so frequently told that it is familiar to
every one. The present company worked
under great disadvantages in the early
days of the mine when experts pro-
nounced it no good. when friends of the
/ owners advised them TO spend no more
| money, that the ore was too low grade
and base to ever amount to anything.
| Fortunately for them they had faith in
| the mine and an unbounded faith in them
selves, and events have proven that they
| were right and the others wrong.
| Now, with the great amount of devel-
opment, experts have been brought to
| see their early reports were not well
| founded, and the friends bewailing tho
missed opportunity to get some of the
stock when it was actually going beg
| ging for cents a share.
| When the price rose to % cents, then
30 and 80 cents. wiseacres said it was
! the limit. With dividend paid the
shares rose to 81, and some of the owners
unloaded at that price, until now the
shares have sold at par. but the present
| holders of stock could hardly be induced
to entertain an offer of so, or a value
of 100000 for the mine.
The controlling interest in the mine Is
owned in Spokane. 1t has been largely
Spokane money which has developed il.
and to Spokane come the dividends.
Where Wealth Originates.
The amount paid in dividends by the
various mining companies in districts di-
rectly tributary to Spokane have been
very large. In the Occur d Alenes the
Bunker Hill and Sullivan has paid $780,
GOO, the Occur d'Alene $4,000, the Granite
49,. 600. the Helena & Frisco $425OOO. The
figures paid by the Standard are not OBJ
tainable, being a close corporation. 1t is
safe to say it has distributed not less
than 5000 In British Columbia the
SLOGAN Star leads with $3.50 900. followed
by the lie Roi with $4,000: War Eagle
= | fhn Nurfl,n aho on
There are other mines which have PAID
) dividends of a greater or less amount
and il can safely be said that 100000 vii
be the aggregate amount of these. In the
Rossland district it is said that severa
properties will be added to the list of div
idend-paying mines before the end of rht
year.
l The Occur d Alenes is old camp, but
5 the dividends from the mines in British
Columbia have all been paid within l.
{ months, and that, too, from properties
which had no existence six years ago
? is a splendid showing.