The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-08-27
CALUMET AND HECLA.
The worlds Richest Mine Clears
$4,000, 900 a Year.

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~ N'''' iNs'''' aP'' W imam fuI-
SELL VINO Is interested III mines and MIR
iugs in that sec ion. Il mentioned the cal
umet and Recla copuer mine. ON III, Ke-
,,.,.,,,,,. 1,.,,t-.,,,.. If -
"N0''" 0'i-i'9O'A '' ->N' "ei" M-N"lsdH
rchNst IN NJ In the "ofI i-ai d II
was found by pig roofing around in tie
dry leaves OF an o.d hoe IN he ground.
w en- u at hnd was mace somewhere about
ioo'' ana serious mhlhS for The copp be
San IN a small way Year la er, ana has
continued since WitHou' n., rru3t on With
Ia th.rd OF a century the Cafumet d
Hec,a has paid in d\ld nds $5i0O0jaand
has on hand III cash, bt.ls recctvable, cop
per ready f-r commelc al purposes, copP T
mineral and suppieS, prop rty waich
would realize mo e nan @0W1W0 If p &C
on the market at any tine This does rot
include The several IN. cons q do lars
worm Of machinery or the mine IL ell,
winch, on the ass OF recent stock saes
IS worth something less han $4,000 600 To
dove op tnls marVelo IS mine ass2ss1en
dsSre2aung $l2O00 oWcre levied They
nave been returned more imam tlrtv-iold.
To-day, as has been the case for sew
eral years, the mine pays quarter divid nds
OF N0OJO.O or $AOOluoV per an UNI. Blu.
even this tremendous sum is tar below he
net almnSs OF the mi =, which, with cop
selling at II cents a pound, will hardly
me American MINES which could not
be bought outright with single year s
profits of the Calumet and Hecla could
be counted almost on the fingers of one
mana. The pronts OF the Calumet ana
hec.a are probably equal to quarter of
me net prohts OF all god silver copper,
IRON and lead mines in the United States.
Let me give you an idea of the almost
Infinite extent of the holdings of the Calu-
met and Hecla. II owns mines, stamp
mills smelters, railroads, wafer works,
docks, saw mills, steamers, farms, forests,
a ship canal and cities built on its own
land on its property are more chan TWEEN
ty-tiVe churches-Cathodc. Presbyterian,
Methodist Lutheran, Congregational, Bap-
list Episcopal and other denomination
in which the Gospel is preached in Eng
hsh, German, Swedish French Italian,
Norwegian Finnish, Slavonian and other
languages. To each of these churches the
Calumet and Hecla gives an admirable
site free, as well as ground for a parson-
age, and has helped by cash all the congre-
cations to build. Upon the Calumet and
Hecla corporation 10000 persons are de-
pendent directly for their bread and but
ter, earned by the 450O workmen whose
names are on the pay rolls The wages are
the highest paid in the copper district, and
the men are never overWorked. Al en-
ployes of the corporation receive higher
where in the world, with the exception OF
South Africa, Alaska and some of the min
ing camps in the Rocky mountains.
"Deducting the actual cost of living, an
employe of the Calumet and Hecla is bet
ter recompensed for his labors than the
workman at any other mine in the world.
Another 100000 a year in prohts could
easily be wrung from the employees and
still, leave their wages above the mean Of
remuneration which obtains at the ma
jority of other mines, but there is no dis
position whatever on the part of the cor
poratIon to do so. 1t is the one corpo-
ration with a soul The sums it pays
for labor and the annual dividends are
about equal
There are about $500 shareholders, ac-
cording to latest semi-oficial reports who
divide between them the 100000 every
year-an average Of about 81 800 for each
shareholder. There are several single
shareholders who have millions invested
in the stock of this one mine, while there
are hundreds who have but a single share
or two. A large number of the employees
Of the mine have invested their savings
Systematically in the shares of the prop