New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-16


appears we are to have eventually the
greatest and richest copper section ever
discovered in the history OF the world.
The most favored section OF all, the
famous Clifton district, where are located
the great mines OF the Detroit and Ar
IONA Copper Companies and the Arizona
Copper Syndicate. contains even now
more actual dividend-paying mines than
any other single mining camp IN the
world.
It's verv far from being fact that
the most money made IN mining
comes from the properties contain
ing the highest percentages OF MN
eral in the vein. The low grade
mines are in the majority among
the high payers.
Calumet Hecla was not always the greatest Lake
rs nrocsrcs were making far larger outputs when 1t
first began to the front In fact. If had not
been for the courage Of the ouincy in expanding
large sums the possibility Of making low grace
or. paw it may doubted whether Calumet Heca
would have developed at ALL so far from rch were
its
Many predictions made during the consfruc-
ton Of the Quincy plant that The bats would ny in ana
out the windows fine buildings: and it was only
when the Quincy had proved that there was money IN
the low grade the development of the Calumet
was undertaken.
7, required expensive machinery and extensive labor
"a make profit on but Calumet 4 Heoia
Anaconda and the Arizona Copper Co. three OF Inc
greatest and richest copper properties In the wo'o 10
day are instances sufficient to show now hese
low grade ores do pay when they are rightly handled
Over seoocoooo in dividends stand TO the credit OF
Calumet Hsola Anaconda has paid TO date DIVIDENDS
amounting to 100000: the Arizona Copper Co pays
70 oer cent dividend. It's capitalization OF
II $50 900 sterling or over 100000 of our money
Similarly in gold tn. greatest gold-mining plant in
N. world the Alaska-Treadwen. Douglass Island
ALASKA makes its vast profits the lowest grade
ro,d ores worked anywhere the world. So low is
mi. ore that the original gave up working It,
ard sold hi. title for $500 the purchasers by skfu
u.n,a.m.n, and the proper equipment have paid mill
ion. in dividends and 1t is to-day the richest gold mine
in existence
11k. the Calumet a H.cla and many other ceie
b.ted payers the Arizona Copper Co has had its vici'
.,ra.. II paid for It's properties neshborhood
Of 81 700 600 and yet time after the purchase
q. stock wa. at very low ebb English and Scotch
markets being offered at time at 50 per share the
company nevertheless had such complete faith in IT'S
properties that 1t constructed at ts own expense !"
miles Of railroad the mines with the southern
Pacific pu, in expensive machinery and pushed the ex-
poration and development work persiseny. with the vi
innate result that though the company is annually e1
n.nding thoIssnd. dollars in equipment and fur
Their development IT stu pays million dollars in
dividends per annum and adds TO It's surplus
The people who bought Arizona Copper
Co.'S stock at 1900 (and held III have, Of
course. got rich out of II. They went ="
enrlx An investor who bought IL mt the
market price to-day. s55.OO would only get
about per cent ON his Investment. while
the mnn who held IT at $500 would receive
over 100 per cent annually on his. Calumet
4 Hecla sold for LOO n share when II was n
property: the man WIN iVV s""'eS
would get 1000 per cent. per annum on his
money (and an occasional extra 1000 per
cent more,. while the man who buys II Mt
pre.eut figures would realize only per
cent and IA per cent. extra
Chauucey VI. Depew once said' "The mar
rowest escape of my life wns when refused
70 nut $4,000 into the Bell Telephone, had
I done 60 ! should now be worth about s3O.-
100000" Boston IL nIIed with men who
were exposed to similar risks and likewise
escaped. but II IL probable that few of them
are con gratuIating themselves to-day on the
fact. IL IL well-known that Bell Telephone
stock was once almost given away. hum
dred shares bought. a. IL could have been
easily. for $3.50 per share. would be worth
.hout s3OOOOO. to say nothing of the tre-
mendous dividends received.
Instances of this kind are endless They
ali point to the same fact, that the people
who investigate promptly and act on their
Judgment while there IL time IN secure stock
In a new enterprise At low figure are the
peopIe who make the big money that every
investor 10 anxious TO acquire. IL takes
courage. of course. II took courage for the
quincy people 20 expend the amount Of