The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-02-16

the company has declared a dividend o
25 cents a share, or sS7, 800, payable OF
: the first day of March.
Tnasmuch as a number of the othe
heavy producers of the state have al
ready come TO the front this mont
with magnificent distributions O.
wealth to their stockholders, this &C
ton on the part of the DAILY Mining
company was very timely, and the
amount that the company will pay out
to it's stockholders will help to swell
the fine showing that the mines OF
| Utah will make for the month of Feb
ruary, and also bring its own dividend
account up to the handsome sum of 81,
925, 900.
Yesterday the directors of the DAILY
company held a meeting and declared
the dividend as stated above, and in
the afternoon the annual meeting of
the stockholders was held for the cleo
ton OF q board of directors for the
ensuing year, and for the transaction
of such other business as might come
| before the meeting.
The treasurers report, which was
read to the stockholders, present. dis
closed the fact that the treasury, at
the present time, could be credited with
the sum of $3.50, 725.47, which amount
would soon be icreased by the addition
of nearly $4,000 more, which is now
in process.
From the report made by the super
intendent of the mill, it was CLEANED
that during the past year the plant
had treated q, 05S tons of roasted ores,
the cleanup from which amounted to
COS, sol ounces of fine silver, which was
a saving Of 961A per cent of the assay
value of the ore. which. it is stated. is
the best record ever made at the mill.
The report from the mine was also
of a most encouraging nature, as dur
ing the year large amount OF pros
pecting and dead work has been done,
including the running of a drift for a
distance of over 1900 feet, which
has encountered the south vein, dis
closing a fine body of ore, some of
which carries values of 100 ounces in
silver to the ton, and the superintend-
ent writes that if the deposit should
increase in size with development. it
would give the mine 400 feet of backs"
or, in other words, this amount of ore
in which to run Slopes between the
different levels.
There were 1852 shares of the stock
of the company represented at the
meeting, and at the election that was |
held the old board of directors was re- !
elected without a dissenting vote.
The personnel of the board is as fol- |
lows:
r. C. Chambers, president; Richard |
Macintosh, president; ]. B. Hag
gin, treasurer; George NJ. Scott and
David Keith.
T. J. Almy. who has served the COM
pany so long and efficiently as secre-
tary, was retained in the same posi-
ton.
According to the bylaws of the COM
pany, a committee of two. represent
ing the stockholders, was appointed to
audit the accounts of the company for
the past year, in conjunction with a
committee appointed for this purpose
by the board of directors, the commit
tee appointed by the stockholders being
of James A. Pollock and
David Mckenzie.
The annual report of the company
will be ready for distribution within
lbout three weeks, and but for the fact
hat the publication of the report made
1t the meeting yesterday might de-
ract from the interest with which the
annual re9ort would otherwise be re-
,eived, the statement of it's affairs to
he public would not be given publicity
t the present time.
DIVIDEND.
The officers of the Centennial Eureka
mining company yesterday declared
md paid its regular monthly dividend
# n dollar a share, or $4,000. which
rings the grand total paid by this.
ompany to date w to the SPLENDID
UNI of 81, $4,000, or sec a share, which
5 truly a wonderful showing, as it
must be remembered that the COM
any has only been on a dividend
aging basis for about six years, and
hat originally the stock only cost the
in the neighborhood of
$50 a share.
The CentennialEurek is a PROPOSE
ion to which Utahnians point with
ecoming pride. as il has made a rec
I'd during its brief existence that has
ardly been excelled in any mining
OuntrT in the world; and what is all
ne more pleasing is the fact that in
ne workings of the mine there is ore
nough exposed to more than duplicate
s past record.
It would seem impossible that any
lie could see for himself what the
ines of Utah are doing in the way OF
lie payment of heavy dividends and
len ignore the opportunities that are
'esented for making profitable in
,stments in gilt-edged mining stocks,
I'd the only wonder is that the de-
and for good mining securities is not
II times greater than ii is
Without danger of successful con-
ADDICTION it can be stated that there
no business in the United States to-
" that is as safe and profitable as
lining, and there is no other industry,
less it is in the congressional line 5
at offers such opportunities for the
nassing of a fortune, so certain and
re as mining.
A stranger in this city may travel
e place over from center to circum-
renee and he will find that nine
nths of the palatial business and
sidence buildings of the city were
lit with money that came from the
mes and he will also find, with very
" exceptions, that the wealthy men
Salt Lake are mine owners or are
crested directly or indirectly with
2 mining industry; and there are
ndreds of people in this city, be-
les hundreds in various portions of
: United States, who are monthly
irving handsome incomes from their
in Utah mines.
Is an illustration of what a few of
. mines of the state have done this
nth in the way of wealth distribu-
n to their stockholders, TO say moth
of what private corporations and
ners of unincorporated properties
We done. The Herald takes pleasure
directing the attention of the reader
the following list:
FOR FEBRUARY.
llion-Beck ----.--. ...-.--.....$ 100000
rcur --.-...... -............... $4,000