Los Angeles herald., 1906-09-03
MINERAL WEALTH
IN MANY STATES
MUCH CAPITAL In COPPER COMPANY
Dividends at Searchlight = High Records at
Tonopah-Bought Manhattan Group-Great
Wealth of Calumet and Hecla.
Nuggets of News

mas already been done on the prop
erty. the ledge showing values from
be managed by a company now being
organize as the Cash Rock Mining
i company. with the following officers
Donald W. Ross, president Frank t.
i Torpey, vice president; Daniel W.
4 Nefsy, secretary and treasurer
Famous Calumet and Hecla
How often do we hear that the fa-
nous Calumet and Hecla copper mine
i'm the Lake Superior region Is con-
trolled by so few men that they can be
counted on the fingers of one hand.
Literally this statement is true, be-
cause comparatively little of the stock
held by the original owners or their
heirs is now sold on change, says the
/ Mining oWrld.
The current high price of $685. for the
$25 par value share might tempt the
uninitiated to speculate; but when 1t is
learned that the Calumet and Hecla
company is now paying dividends at
the rate of $50 per share per annum,
and has returned 1858. so per share since
! its incorporation in 1871, and has a
surplus reserve equivalent to $1O6 per
share, investors will not dispose of
their holdings. The total dividends up
to June 1906, amount to $3.50 900 on
an authorized capital of $2,500,000. The
output of copper from 1871 to 1905, in
elusive, was 2501O, 534 pounds.
President Alexander Agassiz owns
5000 shares, par value $125,000, market
able at $3,425,00O and netting dividends
of $300000 which added to his salary
makes a tidy income for a man who
has witnesses the growth of one of the
greatest copper mines in the world.
The Hunnewell family is credited with
1895 shares, par value $79,875, quoted on
/ Change at $2,1SS,575 and earning in
dividends $191, 700 annually. r. S. Oil
yer, trustee, of Boston, represents $500
shares, par value $500, marketable
at S2397,50O and yielding dividends OF
$4,000 per annum. Other large share
holders are the Sauer family, 1881
shares; c. P. Curtis, 1893 shares; Lee.
Higginson & Co., 2032 shares; E. r.
| Lyman, trustee, $50 shares; N. H. Stone
| ct AL, trustees, 932 shares J. N.
Wright, $3.50 shares, and the Simpson
ia mily, S51 shares.
| There are registered on the books Of
the Calumet and Hecla company less
than $50 shareholders owning over 100
shares, and among these are many who
have inherited from early investors.
Inyo Shows Good Ore
Nothing but the present hot weather
prevailing throughout Inyo county is
keeping the Inyo Gold Mining company
from operating it's wonderful propert y
in that section. This organization is
composed of Utah people with but one
exception and it bids fair to assume
the most generous proportions in activ-
| ity and results as soon as the cooler
months arrive. The Inyo company is
the first to get control of property in
that section of the county. The group
4 is made up of seventeen claims, which
have been surveyed by deputy United
i States marshal surveyor for a patent.
Little has been said about this property,
although the organizers of the COM
| pany are more than positive that they
have a veritable bonanza in their pos
session.
Lafayette Holbrook, one of the heav-
| lest stockholders in the company, stat es
that out of fitty-three samples taken
from one vein the average value of the
ore was $127 per ton. This vein, which
| is more developed than any on the
group, is twenty-four feet wide on the
surface. Upon it the company has
driven a shaft to a depth of seventy
| three feet, at which point a crosscut
for thirteen feet discloses neither wall.
Samples in this crosscut carefully
| selected show the average values all
across to be $76 ton. From the dump
made by this work carefully selected
samples give the entire tonnage valu-
alton of $44 per ton.
On a parallel vein the company has
sunk thirty feet at which point the
ore gave values of $33 to $50 per ton,
while at the surface the same vein
averaged between $14 and SIG a ton.
Nuggets of News
w. Fl. Taggart of Kingman, Ariz.,
while in Los Angeles recently closed a
deal on the C. o. D. property in Ari-
zona The Kingman Miner states that
the G. o. D. mine is one of the best
properties in Wallapai district and
when worked on a scale commensurate
with the size and richness of its ore
bodies it will be one of the largest
producers in the territory.
1t is understood that there will be a
consolidation of several of the large
mines of Cerbat and that later large
reduction plant will be installed to
handle the ores. The mines compos-
ing the consolidation are all gold bear
ing properties and lie close in. making
il possible to work them through a big
shaft
j. w. A. Off of Los Angeles has just
returned from the great Greenwate
copper camp in Inyo county, Cal, and
he declares that the surface Indications
there rival anything that the country
has ever known in the way of copper
prospects. Mr.. Off goes even farther
than that He has operated extensively
in the big copper districts in both this
country and Mexico and he does not
hesitate to state that Greenwater is the
most remarkable camp that has ever
been opened up in either country. He
declares that no known camp has
the wonderful external appearance OF
Greenwater, and he has seen them all
Up to date the United Verde has paid
: total of $30,S05, 1877 in dividends, its
disbursements having extended over a
period of sixteen years. Utah Consoli.
, dated paid its first dividend in 1901 and
: to date has distributed $5,142, 900.