The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1901-06-07
BRITISH COLUMBIA.


Heavy rains recently caused disaster
along Boundary creek which has risen /
considerably.
Havelock Gillian, a miner employed |
in the Nickel Plate mine at Rossland. |
received injuries last week which re-
suited in his death.
A most remarkable showing has been
made on the Rawhide which is owned
and operated by the Dominion Copper
company, in Phoenix camp.
Free miners who forfeited their
claims through neglecting to take out
licenses for 1902 may get their rights
restored by SIS special license.
The amount to be paid out in the
Arlington dividend is $4,000, being on
the basis of 2 cents per share on the
company capitalization of 100000
The profit practically comes from one
years development.
Despite heavy burdens, the silver
lead mines of British Columbia still
hold rank as the richest properties in
the province. Thus far this year they
have managed to pay two-thirds of the
dividends from all the mines in Koote-
nay.
A big strike is reported from the R.
Bell mine at Summit City. From the
main shaft at a depth of 210 feet
crosscut was driven 124 feet to catch
the vein. The ledge when encountered
was only four feet wide and did not
contain any values.
Word has reached Sandon that the
Payne is closed down. There is much
uncertainty as to when it will be re-
opened. The contract for the concen-
traitor has been let, and it is hoped that
the shutdown is temporary, pending
the completion of the plant.
The North Star, the famous silver
lead property near Fort Steele, will
soon pay another dividend of three
cents a share. That will be equal to
$4,000, for the company has issued
$1,900,000 in capital stock. The new
dividend will be payable on June IS.
The Hewett Mining company, near
Silverton, of which Holman and Insing-
er of Spokane are the principal owners,
has purchased the Rincon and the Rim
con Fraction, thus giving the Hewett
title to the whole of the hill, from the
top of the fiat, and allowing plenty of
room for the tramway which is being
erected.
The new machinery plant for the Chi
cago & British Columbia Mining COM
pany has arrived, and is being taken to
the property, two or three miles from
Phoenix. 1t consists of a 60 horse pow
err boiler, a hosting engine, a No. 5
Cameron pump, steam drill and other
accessories. The company owns the
Lake group of claims near the Last
Chance in Skylark camp. A double
compartment shaft has been sunk for
20 feet.
Since the first of the year the silver
lead properties of the SLOGAN and East
Kootenay have paid $S9S,5OO in profits
The Payne has paid one dividend of
8 per cent on its issued capitalization
of $2,600,000, which gave $4,000.
The st. Eugene has paid $4,000.
The Arlington has given $4,000 in
profits.
The Boston has netted $12,5OO to it's
shareholders.
/ The North Star has paid $4,000 to
its owners.
/ In addition to these, the Ymir mines
which are working on low grade gold
ore at Ymir, B. c., have paid $4,000.
The Centre Star at Rossland has Civ
en- profits of $105,O0O, which is equal to
8 per cent on its capital of $3,50O,OO0.
The combined profits of the principal
mines of the Kootenay have been $685.,
500 since January 1. That is at the
rate of about $1,5OO,OOO year.