The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-02-11

Yesterday was day of dividends in
Salt Lake City. and although the dis
tribution of wealth was limited to only
two companies, the amount involved
was of such magnificent proportions
as to make the patriotic citizen feel
proud of the state and its splendid re-
sources: for if there is anything that
appeals to the pride of the people of
any locality. it is the fact that any
institution in their midst has made a
record that surpasses the efforts of sim
liar institutions in adjoining cities or
commemorative; and when II comes to
the earning of immense sums of money
this feeling is especially noticeable and
commendable
Yesterday the directors of the Bull
Hon-Beck Mining company held their
regular monthly meeting and declared
a dividend Of 81 a share, or 100000.
payable on the Doth of the present
month.
When the announcement of the divi-
dend was made public, it nearly took
most of our people Off from their feet;
and well it might, for it is rare thing
tune like this in one of its regular
monthly distributions of wealth, al
though this dividend is but repetition
of what the company did on the 25th
of June, 1895, on which date il also
paid its stockholders 81 a share in divi-
dends; but outside of this occasion it
is MOB known that a like amount was
ever paid before by any company in
Utah, if, indeed, in any of the mining
camps of the west.
When the dividend just declared is
paid, it viii bring the grand total dis
bursed by the company up to the hand
some sum Of $500 900. and it is be-
lieved that the mine in point of pro-
duction, is still but in its infancy.
The history of the Bullion Beck mine
is generally known throughout the
west, and it is a pleasing fact that the
discoverer of this magnificent prop
erty, although he has met with many
IN it's development and
has been harrassed on many occasions
by lack of means. is still in possession
OF a control in the mine, and is the re-
cipient of the benefits that his untiring
energy and perseverance entities him to.
The Builion-Beck mine was discov-
cred by John Beck in the year 1870,
and if ever a poor prospector met with
Encouragement in the development of
q promising piece of property, he did,
and 1t was several years before he be-
gan 20 receive any returns for his la
Oors. Although as poor as the pro-
verbal church mouse" he hung to the
mine when other men, with less grit
would have abandoned the same as no
good" Finally, however, success
his efforts, and now Mr.. Beck
IAN truthfullY claim that he is The
heaviest owner in one of the greatest
mines in the west; mine which en-
braces 100 acres or more in its surface
irea, and in the underground workings
II which there are immense bodies of
re blocked out from which future div
dends galore will yet be paid.
While there are others who are en-
tiled to credit for the way that the
3ullion-Beck has come to the front as
bonanza proposition, il is but just TO
ay that Mr.. Beck should be recognized
Is the head and founder of this sue
essful enterprise, and as such he is
'einS the recipient of the congratuia- |
ions of his many friends.
THE MERCUR DIVIDEND.
Besides the dividend declared by the
3ullion-Beck company, the Mercur |
ompany, with its clock-work regular |
", me- yesterday and announced it's |
eSular monthly dividend of So, COO also !
ayable on the 20th inst. This amount, !
yhen paid, will make a total distribu-
ion of S625,0G0 during the few short |
ears of the company'S existence, and |
IS with satisfaction that the stock
olders of the corporation point to the
act that the Mercur mine is in magnif-
ent condition at the present time with
lore ore blocked out than can be ex-
racted for a long time to come, and
here ere manv who regret the fact
hat the property is now held under
ond bv De Lamar, as they are en-
rely satisfied with the present man
cement
There is no denying the fact that the
aiding business of this country is
lining, and that there is no other in
ustry that adds as. much in clean
ash and profit TO the wealth of the
Grid. For instance, the mines of
tab, for the month of February. in
ividends alone, to say nothing of the
asst sums paid in wages. for machin-
y. and for various other purposes,
i'll pay its stockholders the following
inns:
The Bullion-Beck 500, 900; the Silver
ing. s37 800; the Centennial Eureka.
1900; the Mercur, $4,000; the Onta-
o, $4,000; the South Swansea, $500;
lie Sacramento. $1,000, and the Utah.
900, to say nothing of the amounts
aid by private corporations and to
lie owners of unincorporated proper
es.
AS it is the people of Utah should
el proud of the showing that has and
being made by the mines of the
ate, and they should unite in the up
Hiding of the mining industry
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