The Butte inter mountain. [volume] (Butte, Mont.) 1901-1912, 1901-06-27
"DIsTRlBUTI0N OF PROFITS"
Officers of the Arlington
Mining COMPANY.

The announcement that the Arlington
Mines, limited. has paid dividend Of
$4,000 has caused great deal of interest
and some anxiety among local share
holders of that company says the Spokes-
man-Review. They are still waiting FOR
the company to forward them their diNi-
dend checks.
The announcement was conveyed sew
eral weeks ago through the Engineering
and Mining Journal of New York. which
is generally recognized as the authority
on dividends paid by mining companies.
The Engineering and Mining Journal con-
tains standing list Of the profits paid
by various corporations. In that list.
for week after week, has bean published
this:
Arlington (silver Lead, British Column
bia; authorized capital stock. $l.0000oo
shares issued. GOO coo; par value 81; diri-
dend paid during 1901 $4,000; total divi-
dends paid to date, $20.000 latest div
dend, March, 1901 amount. cents
Acting on the information conveyed in
this article The Spokesman Review last
month announced that the company had
paid its first dividend. The news was
received With general pleasure among
mining men. They We're delighted that
the property, which lies near SLOGAN. Is.
c.. in the dry ore belt, should have Joined
the dividend paying class.
The local shareholders of of the 4com-
pany naturally expected to get their di-
vidend checks. which seemed already
overdue, as the dividend was said to, have
been paid in March. But no dividend
checks have come to hand and sharehold-
ers have begun to think they are not
coming. One OF the stockholders wrote
June s to r. p. Rither, president OF the
company, asking for particulars The
following reply, dated June 10, was re-
ceived:
I'm reply to your letter of the 9th in
slant, received this morning. beg to say
that no dividend has been declared on
the Arlington mines and l can not init
mate when there is likely to be one, nor
have the management made any ar
rangements as to what they expect to do
in regard to future dividends. You have
apparently been misinformed with regard
to the matter" E
On receiving this answer The Spokes-
man-Review at once telegraphed the En-
cheering and Mining Journal in New
York asking what authority that paper
had for announcing the dividend. The
Journal wired back:
Arlington dividend given us by COM
pany in writing.
The announcement of the dividend was
shown by The Spokesman Review repre-
sentative at SLOGAN to Manager Du Bots
OF the Arlington mines. The representa-
tive wrote to his paper:
Manager Du 30 S Of the Arlington WAS
shown The Spokesman Review. He con-
firmed the news, but could not UNDER
stand how the information got out, as it
was not meant for publication.
Mr.. Dubois did not refer to it as div
dend. He called it redistribution of prof
it's"
The local shareholders are now 5anX-
iously awaiting for the time when they
shall share in the distribution of pro-
fits
The control of the Arlington mines is
held by a close syndicate, headed by r.
P. Rithet Of San Francisco. The major
ity of the stockholders are fighting
suit for a large block of stock claimed
by j. X. Clark, a SLOGAN man, who was
formerly interested with Frank Watson
of Spokane in the property. Mr. Watson
is out of the company now.