The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-15
MADE FORTUNES IN MINING.

New York World: Scores of New York
ers have made money in western mining,
and a few of them have made millions.
7 r. De Lamar, whose. residence on Mad
ison is known almost to everyone, and
whose wife is frequently called the most
beautiful woman IN the world, is proba-
blv receiving the largest income from
purely gold properties of anyone III Ne"
York de is SAID by intimate IrlehuS -
be worth at least 81, 0JJ,OVO- lie OWNS LIE
De Lamar mine in the Monkey NIelic4i
oisfrlcr. Nevada which pays regularly
s1aJuUU 10 SltU,OUJ in monrnIy dlNldends,
ana II has $i,0JO,uJ0 in sight. lie also owns
Inc Golden cate, one OF me largest SoIu
mines in the world, located at MercuT,
lIran Ihere are 6U3UU0 tons OF ore booked
out ana in sight, representing S9,VVJ,UOV.
Ognen Mills $ directly INDEBTED TO min
ing tor the great fortune with when ne
eus5ertains so royalty. He was Ser.
and made at the lowest estimate Sio,UVC,-
OUJ from the gold fields. MI Mills Owns
the controlling interest IN me Alaska
rrreadWell-tae gold mine winch mas
STAMP mill with pne largest NUMBER OF
starii,s III the world, 2SU; The mime when
navs S25,u00 monUhly dividends, ana me
ore OF which can be treated Tor 81 per
TOE.
J. B. Eaggin, whose offices are in the
Mills SOUNDING, mas made $6UGJO,O0O IN MIN
tng-prlncIpany out OF the HomeStaKe anu
associated mines, which nave paiu Hail-
IONS and millions in dividends; the Ana
osenda, in Montana, which paid SS,UOJOJO
in dividends last year on capitalization
OF S5c,yOOOOO, with the STOCK at d pIeil.uni
of 20 per cent; the Ontario OF Montana,
which has paid S13,0O00 900 and is still pay
ing monthly dividends and the Daly OF
Montana, which mas paid $SVvU,OOO IN dlVi-
deads. He is the principal owner in the
III orc OF Mexico, and the GuanaceVl OF
Mexico; the former pays $4,000 monthly
dividends and the latter S30OOJ monthly
Mr. Haggin is also a heavy stockhoIder IN
md of
paid S. 900 in dividends.
W. a. Clark of Montana, lately, out now
of this city, has made LOO out OF
mining principally out of SoluSa and con-
Meeting mines in Montana, and out of
United Verde of Arizona, which by sew
eral experts is called the greatest mine in
900 in dividends. Mr.. Clark S latest ven
ture was buying the Mayfi0wer in ArizO-
ma. In the first co feet he took out Sl60,UU0
more than he paid for the mine.
Messrs. ]. and w. Seligman have been
fortunate in mining, and by it added
81 600 600 or more TO their fortune. They
bought sthe Last Dollar At Cripple Creek
amount down. Last week they were Of
fered S3JO,000 cash for the property. 1t
pays dividend every month. They nave
also been successful in their Oneida mine,
in California, when they bought at very
low figure, and which is now worth ST.
COO coo.
K. P. Lounsberry of the Mills building,
son-in-law of j. b. Haggin, is president of
the Reffecea Gold Mining company of
Cripple Creek. 1t was purchased for 49,
600 two years ago. The mine is a verita-
be bonanza. Mr.. Lounsberry has mining
interests ia several other states, and has
made 81 G000 600 in the business.
N Witherell of 100 Broadway, of the
Kansas City Smelling company made ST.
O0e, 0cO out of Leadviile at an early day.
1t has now gathered bulk like snowfall,
and is nearly So, Oc0,OO0
Franklin Farrell of Ansonia. Conn. a
number of years ago invested in the Par
rott mine at Butte. Mont He has since
made over $5,G00.000 out Of l.. and out of
other Butte mines.
Jerome B. Wheeler, now a New Yorker.
recently from Denver, made 81. 500 600 out
Of the Smuller, Aspen Consolidated. Mol
lie Gibson and other Aspen, Colo. mines.
w NJ. Hartman, the vice president of
the Illinois Central, who. lives in New
Yorlx-although many of his most init
mate friends do not know that ne owns
mines-has made $1,000 600 mining princi-
pally out of the Golden Reward mine in
South Dakota.
w. S. Gurnee. one of the first mayors
OF Chicago but who now lives in this |
city. has made 100000 in the last few