Bisbee daily review., 1904-03-05
|Warren nlinin9D District
Miners Were
 ABLE TO
 Buy Diamonds
VISITOR TELLS OF GOOD FORT
 uNE OF LAsoRERs.

Who Delve In the Mines in Michi-
 tan Came in Possession of C. & A.
 Stock and Were Made Wealthy.
 Lucas Herman, a prominent retall Jeweler, of Calumet Michigan, is visitor in Bisbee, having come here for the purpose of looking over the mines in this vicinity in which so much interest is taken in the Lake Superior copper country. In con- yarsation with a Review representa- Eve yesterday MT. Hermann, related number of facts concerning the manner in which large number of miners and employees of the Calumet & Hecla company happened to come in possession of Calumet & Arizona shares and were thereby made finan- ciaIly independent. He also tcld ot the effect created ip the metropolis of Miehigan's copper camp by the decla ration of the first dividend by the (. & A company and as the story is worthy of repetition it is given be low
 When Calumet & Arizona stocks were selling at very low figure" said Mir. Herman. the Hoatsons, who were at that time officially con ho Gol, q la company, advised the employees under them, including the miners and oth- CT Iaborers engaged about the mines, fp invest what money they had to spare in inc Bonanza" stoick The employes had every confidence in their superior5 and as a consequence as many of the miners as could af- ford i, bought shares at the rock bottom prices. Their confidence in most instances was also such as kept them from becoming discouraged at She time the prospects of the compa- Ny appeared rather gloomy so most q them still were in possession of the stocks at the time the big ore bodies were discovered and the prices of shares were soaring into the hun treds.
 r"There are no small number of these miners, who have been working for years in the mines at about S3 per day, who became financially in dependent through their good for tune in having followed the advice of ha nd fTatjon of the effect of this good fort tine of the miners has had on business in the northern Michigan metropolis is given in the facts connected with the holiday trade transacted in all the business places during December and the first part of last month.
 "In our line, which is jewelry, we fully expected that the holiday trade would be very slack as money seemed tO be held! very stringent, but about the time we were all feeling away d]wrA:n4hemouth" along came the notice of the c. & A. first dividend The dividend was paid before Christ mas ard it makes my head swim to think of the rush at our establishment for all kinds of high-priced jewelry after the laborers who held stock re ceived their dividend checks. The Volume of the business Cone was greater than in any previous year. These ordinary miners, who by the way, are about the best customers the business man can have, were in position where they could buy dia- honds for those whom they desired to present with gifts and it is an act Hal fact that we, as well as other Jewellers and merchants. in the city were obliged to wire for large extra orders of holiday goods.
 Had there been only a small num- her of these laborers in possession of c. & A. stock our trade would not have been half what it was and so near as I can judge l believe there must be several hundred laborers in our district who hold this bonanza stock and who have been placed in xery comfortable circumstances through their Warren district stock purchases. Many of the miners have given up their positions to make room for others seeking employment and have planned trips to their native homes. and all in all the grand sue cess of the Calumet & Arizona mine has been about the most beneficial thing that has happened in that line for the people of northern Michigan fn long time"