White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1914-02-22

hour shift. This gives plenty of time
TO cultivate the garden, to fish, to get
in wood for winter.
Modern mining began in the upper
country in 1916. Then the Quincy
was opened, a mine that has never
missed a dividend in s~ixty-eight
years.
The famous Calumet-Hecla has
one hundred thousand shares at a
par value of twenty-five dollars. Only
twelve dollars and a half per- share
has ever been paid in.
Calumet-Hecla is worth today four
hundred and thirty-fve dollars a
share, and it has been as high as one
thousand. l met one miner who
owned ten shares that his father had
bought at par. The Calumet-Hecla
has not skipped a dividend since
1862. 1t has paid out in dividends a
hundred million dollars, and i'll
wages it has paid over one hundred
and eighty million dollars.
This is the mine that has filled the
heads of spectators with verdigris.
When the promoters give you min
ing figures they flash up Calumet
lHecla.
The fact is, there are forty-four
separate mining companies here and
only six are paying properties.
The Isle Royal mine has paid one
dividend in thirty-eight years. That
was Immediately before the strike,
and that lonely dividend is likely to
be historic.
The success of the Calumet-Hecla
has not turned alone on it's rich lodes
it has been wisely, managed.
Alexander Agassiz, son of the world
famous Swiss scientist, put the mine
on a paying basis. He put Scotch
men in command, and these men
made money when less able men
would have lost it.
James MacNaughton, the present
manager, is the son of a miner and
was brought up in the business.
MacNaughton worked his way
through Oberlin and Ann Arbor. He
is an evolved man-big, generous,
intelligent, able. At college he play
ed successful football. and in life's
scrimmage he hits the line hard.
The president of the Calumet
Hecla is Quincy Adams Shaw of Bos-
ton, a Harvard man and quite the
same type as MacNaughton. In fact,
these men look and act very much
alike. One was born a Boston blue
blood, and the other, the % of a
Sootch-Canadian laborer.
The strike is now ancient history.
| met Ricard, the leader of the local
union, and he attributes the blame TO
the Reds By this he means the
revolutionary Socialists. And the
Reds" are not seeking to better the
immediate condition of the laborer,
save by overthrowing the. present
form of government. The extreme
measures these Reds" resorted to
caused a revulsion of public opinion
that made recognition of the Western
Federation an impossibility.
The whole Copper Country is
cemented now into a bond that has
never existed before. Hate, jealousy,
fear, these things have given way 70
cocn2nt .t,r,t,atbp md a dncirn RI got
together.
Wages have been increased, the
eight hour system has been adopted,
petty bosses have had their ego,
sand-papered, bonus systems have
been adopted SO when a man does an
extra amount of work he gets more
pay. Pension plans have been put
into operation.
The Calumet-Hecla has a grievance
bureau that considers and adjusts
all causes for complaint, and every
where employers and employees are
joining hands.
l once heard John Mitchell say,
There never was a strike that
failed"
BY this he meant hat even in de-
feat there is the germ of success that
lives and which in time will bloom
and blossom.
The Law of Compensation never
rests.
This strike has taught both sides a
few much needed but costly lessons.