The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-08-08

New Jersey Zinc Co.. which declared
this year 100000. making $40. $780,
900 in dividends since reorganiza-
ton. In 1897. on a capitalization Of
$10,00O,000. A number Of Wiscon-
sin zinc mines are paying handsome
dividends.
One quicksilver property in Cali
fornia, controlled in the east, paid
dividends this year amounting to
$4,000, making a total Of $780,
900 since Incorporation on capital
ization OF 100000.
In all, 80 metal mines announced
dividends for the seven months end
ing with July Of $5O.l0S,547. making
total OF $463,21O,744 since organ
ization on an outstanding share-cap-
ital Of $377.914.542. This is proof
that mining pays.
Great as may seem the dividends
distributed by metal mines, as above
they do not include the large sums
paid out by such corporations as the
Amalgamated Copper Co., the Amer
lean Securities Co.. the Copper Range
Consolidated Co.. and several others,
whose revenue Is derived largely
from share holdings in mines and
works which are being operated by
regularly organized companies.
During the seven months this year,
six OF these securities holding cor
porations have declared dividends OF
n2.7l2.05o. making a total of $67.-
424,619 since organization on an is-
sued capitalization Of $242.S47,9OO.
The Amalgamated Copper Co.. which
has a controlling interest in the Bos-
ton Montana. Anaconda and other
mines whose dividends are included
in the total for ouerating properties
gwen above. has declared $9.20l.276
this year and Is nov earning 8 per
cent per annum. Since incorporation.
in April, 1899. with capitalization
OF s 400, 900, increased In 1901 to
$lbS DO. of which $l53.SS7.-
s0es| ~ outstanding. Amalgamat-
ed has declared total dividends OF
$52,618,504. This is the largest mine
securities holding corporation in the
world.
Aside from the dividends declared
by the metal mines and works and
the securities holding corporations.
we learn that substantial profits are
being distributed by metal selling
as result of the cOntin-
ued high prices for silver. copper. lead
and zinc. The largest metal selling
agency in the United States Is the
United. incorporated in January.
1900, with capitalization OF $5.-
900. 900. which Is largely controlled
by people affiliated with the Amalga-
mated Copper company. For the sew
en- months this year the United Met
ais Selling company has declared a
dividend of ~ per cent. or 1885,
900, making total to date of $4,-
BIC, 1000 or 97H per cent on the share
capital.
II 1t were possible to compile the
enormous profits that are periodical
" distributed by the many private
md close corporations which are d.
'ectly interested in the mineral in
lustry. the fact would be emphasized
hat fabulous wealth is being created
~ American m1Aes and metallurgical
works. To report annually an out
Tut of minerals and metals of the
arge total value of nearly $1,000
700 900 is a record OF which the in
'estors in the industry may well feel
proud. Capitalists are not alone in
haring in the vast profits earned by
he mineral industry. for labor also
s being greatly benefited by higher
wages generally. Manufacturers of
and dealers in mine and
works. supplies, are earning SUBJ
tantial livelihood by catering to
he mineral industry. Last. but not
east, are the railroads and other
corporations, which
re fattening their purse on the re-
eipts from the enormous freight car
led for the mineral industry. In
hort. this country's prosperity should
Q credited largely to the expansion
l our mining and metallurgical in
ustrles.