The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-03-22

At the regular monthly meeting of
the directors of the Geyser-Marion
Mining company, held yesterday, full
board being present, dividend of
cents share, or $4,000. was declared,
payable April l, the transfer books of
the company closing on March "a and
to be reopened April ,.
The payment of this dividend will be
the ninth since the consolidation of
the Geyser- Marion properties, the first
being paid on May IS, 1891 Eight of
these distributions of wealth amounted
to 50 900 each. which. with the amount
TO be paid on the Ist of next month,
will bring the grand total to $SS000 in
less than a year. which is an excellent
showing. considering the improvements
that have been made at the mine and
mill since that daCe j Was ne
cause OF the fact that the company is
now making additions to the Geyser
mill, which Will neceSsitate the closing
down of the plant for a period Of ten
days or more that this months divi-
dend has been cut down to cents
share, which viii necessarily cause a
decrease in the company'S revenue for
this month. In fact, it was generally
believed that the company would pass
It's dividend this month, notwithStand-
ing which the stock of the association
has been very strong and on the up
grade during the past week, which is
an Illustration of the faith held by
the buying public in this security.
Besides other business that came up
for considera ton during the meeting,
the circular letter sent out by the chair
man of the finance committee of the
International Mining congress came up
for discussion, the result being that
the board of directors, by a unanimous
l. ID
cause, and it was so ordered.
Immediately after the adjournment
of the session. the Mercur company
held its regular monthly directors
meeting, at which the handsome eX-
ample of the Geyser-M Marion company
was enulated. the Mercur increasing
the fund for the mining congress by a
donation of $50. besides which Mr.
Dern and Z. H Airis put their hands
in their inside pockets and swelled the
amount already contributed by 500
each. which makes $3.50 to come from
the Mercur and Geyser- Marion offices.
as We'll as from, the top floor of the
Mccormick block. and if the many other
offices in the building dc as we'll pro- !
portionateiy, and the other mining
companies of the city and state are |
equally as generous. as they doubtless /
Will be, there is not particle of doubt |
but that the mining congress will be a 1
gigantic success.
In fact, it is pleasing to note that /
the mining men of the state. as well /.
as the leading men in other lines of bus /
mess, are beginning to realize the i'm
portance of the forthcoming congress.
the enduring good it Will do the min /
ing and other interests of the com
monwealth: and to see that they are
beginning &c step 10 the front with
their contributions and offers of hearty
and earnest cooperation in the effort
TO make this the greatest and best
convention Of this character ever held /
in this intermountain region.
The stockholders of the Geyser-Ma-
rion are well pleased that the company
did not pass its regular dividend. and
are satisfied that the dropping of a
cent from the usual amount will be
but temporary, while nothing but words
OF praise and commentator are heard
Tor the management Of this valuable
Mercur producer and dividend payer.