The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-01
Harms
Machine will
T unnel 100
Feet per Day
Last Fridays Test Established
Record of IL Inches in 13 Min
utes-Rate Of 41A Feet per
Hour or 100 Feet per Day oil
"a Hours.
STOCK SELLING WELL
PARENT COMPANY STOCK TO BE
WITHDRAWN FOR LOCAL MAR-
KET WEDNESDAY, DECEMBER 4.

According TO promlSe,' inc ND. -
tunueIing machine was turned iuil
speed against a hard, tough stone ias1
Friday afternoon, on the demonstra'
tiop grounds. to the cast of the Com
mercial club building. The stone was
two feet thick and one of average
hardness After the twelvclnch ma
chine had bored eleven inches in thir"
teen minutes the hard pounding broke
tho stone and the demonstration was
ended, the work having been done at
tho rate Of four and quarter feet per
hour, which would mean record OF
100 feet per day OF twcnty-four hours;
A large crowd was in attendance ana
all expressed surprise at the remark
able efficiency OF the tunneling ma
chine.
cit will revolutionize the mining in
dustry,n several said. and others re-
marked cit will solve the problems
OF the railroad builders in mountain
Gus country All agreed that the
Karns tunneling machine will secure
maximum efficiency and speed at mini
mum cost for operation and mainten-
ance. J. r. Belcher. the local repre-
sentative of the j. P. Harms Tunnel
ing Machine company, says the machine
will cut the cost OF tunnel-driving more
than 80 per cent.
Required I1fne TO Her1eCCs
As with many others of the world s
greatest inventions, it has taken sev-
eral years to perfect the Karns tunnel
ing machine. During the period Of de.
vclopment there has been tho usual
number OF skeptical persons, with opin-
ions of their own respecting the ma
chine and its possibilities. But now
even the most skeptical are willing to
admit its commercial possibilities and
others who are looked upon as author
lives on the subjects Of driving tunnels
say that the karns tunneling machine
Will soon replace all other known meth
ods for doing this kind Of work. The
highest tribute known in the mechan-
ical world has been bestowed upon this
work Of John Prue Karns-viZ: The
Edward Longstreth Medal OF Merit, by
the Franklin Institute Of Philadelphia,
Pa. The machine is a proved success
and its capacity to earn big dividends
for all stockholders is practically Linn
itless. The owners of the company
stock are considered among the fortu-
nate ones nowadays.
Should Be Among the Big "Payers."
The prospects ahead of the Harms
tunneing machine are as good. if not
better than those which surrounded
some Of the world greatest dividend
payers in their earlier days. Who will
say that this twentieth century won
der will not pile up fabulous wealth
for its owners large and small, Just as
the telephone, the linotype machine, the
cash register, the air brake and the
sewing machine have for their stock
holders.
According to MOODY'S MANUAL,
thirteenth edition Gan undisputed au-
thority on all such subjects), the Ameri-
can Bell Telephone company was in
corporated in 1876. From that year to
the present it has accumulated assets
Of S500,000000 and pays an annual
dividend to its stockholders of 100000
900.
The MergenthaIer Linotype company
was Incorporated in 1895 with cap
ltal stock OF Sl5,000,000 From 1895
TO 1911 seventy dividends had been
paid totaling So7 .20o,797.
The National Cash Register company
was incorporated in 1899 with cap
ital stock of $9,000,00o II has an an
nual output Of $lS,000,000
The Westinghouse Airbrake company
was capitalized for Sl4,000,000 It's
dividends have ranged from 90 to 35
per cent The last dividend paid in
1911 was for 20 per cent and totaled
$2,S00,000
The Singer Manufacturing company
had an original capital stock of 81 600
600, which was soon increased to So
0O0000 This was changed TO $50, ,0O0,-
600 by stock dividend Of 200 per
cent and again a little later to $6O,O60,.
OOO also by stock dividends The an
nual dividend in 1898 was so per cent
or 81 100000. and in 1899 100 per cent
or $60,0O0,0O0.
$500 a Share for Harms
$500 per share for Harms tunnelipg
machine stock-parent company stock,
mind you-is n mighty easy price to
get in . at. Several of the shrewd-
est local investors have bought this
stock during the past two weeks and
others have expressed their intention
Of buying before the closing date, Mr.,
Beleher secured only small block of
TINS parent company stock for this mar
ket. He says that when this is dis
posed OF there will not be another
chance to obtain any. No one should
allow this opportunity to get in on n
good thing pass by without taking ad.
vantage of it, Of course there will be
many who VIII later say: ''T wish | |
mad taken some of that Karns tunnelinp
machine stock when bad the chance, .
There is always good crowd of " wish |
[ .bads.'
Closing Date December 4.
Yesterday Mr.. Belcher was advised
by wire that he must close the sale of
stock IN the Karns Tunueling Machine
company Wednesday evening. Decer !
Der 4, at 8 o o'clock. This gives the five.
DAYS notice as per previous agreement,
These instructions are Imperative and |
apply to mail orders as well as to the
immediate market. Mail orders must
bear postmark nor later than Dec 4.
office hours will be maintained encb
lay from a, m. to G p. M, to accom-.
modate All intending purchasers of tbc
stock. One more demonstration will he
gwen, Tuesday afternoon. at 80. This
Tin be duplicate of the one last Fri,
a5ay, with the machine at full capacity.
ou are invited to attend and be INST
IS critical as YOU please. You win re.
.eive an answer for every question
.Gu may raise Come and bring your
friends Call at the office for ltera
617 Newhouse Building