Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1914-09-25
MINES AND MINERS

Development work on the various
mines in the district about Wallace,
Idaho. continues undated in spite of
the depressed metal markets, due to
the European war, and to finance OPP
erations assessments are levied.
General Manager John ID. Pope of |
the North Butte Mining Co. at Butte,
has announced that operations have |
been resumed in the mine with 500
men employed. The company nor
mally employs 900 to 1000 men and |
has been shut down owing to the po-
sition of copper conditions.
The properties at Republic, Wash,
of the defunct Republic Mines corpor
alton, consisting of the Lone Pine,
Pearl and Surprise mines, recently
acquired under bond by the Republic
Consolidated Mines corporation, has
passed into the control of a new COM
pany being organized by capitalists of
West Virginia, j. L. Harper and local
associates, by whom the holdings have
been taken over under a three-year
bond for 100000.
The Josie Mine of the LIE Roi No. 2,
which reopened September / after a
shutdown of a fortnight ON account of
the war, added it's shipments to the
general total out of Rosland, b. c., the
first week of September. These ship
ments, with the tonnage for the year
to date follow: Center Star (Consol-
idated), week 1898, year $3.50; lie
Roi (Consolidated), week 2,1S3, year
$4,000; Josie Gle Roi No. p, week
212, year 1852. The shipments for
the month of August exceeded the
same month in 1913 by $685. tons.
Colonel John Buchanan, a pioneer
land holder of the Waterville, Wash,
country and owner of the Big Lucky
Find mine of the Slate creek district,
in Whatcom county, is uncovering
what he believes is the great mine of
the district, which is the mother lode.
This lode is big and contains copper
and silver ore and also carries gold
and zinc. The outcroppings are said
to show length of 5000 feet and one
crosscut of $50 feet has been made
without finding sign of either wall
and at this time it is impossible to
ascertain the exact width.
Dividends of American Mines.
The Mining World of Chicago in a
recent issue publishes an interesting
article under the heading, American
Mines and Works Maintained Divi-
dend Disbursements" which The
Trade prints herewith in part
The 119 companies participating in
the 1914 disbursements have, since
their incorporation, paid out no less
~. 80 o. %
SCI in excess of their combined out
standing capitalization. Add the $176,-
640,950 paid out by the so-called Sc
curities-holding corporations, and we
have grand total of SLOT, 574 ,341.
OF the 119 companies mentioned
) above, 25 are copper producers, divid.
ing among shareholders during the
eight months $3O,936,379, with total
disbursements of $42s, 900, 022-S1so,
939,207 in excess of outstanding CAPT
tai.
Eighty-seven of the above 119 are
} classed as MISUNDERSTANDING produc
ers, with dividend payments to theil
: credit in 1914 of $21, 370,ss1, and since
| incorporation of $3O2,97s,7s1. Theil
issued capital totals s256,235,6 75.
'Sixty-one located in the United
! States with the years disbursements
amounting to S12, $40, and since
Incorporation 1921, 1925, 1896 on an out
standing capitay of $17s,76O,656.
, Twenty-one companies operate il
Canada with an eight months total O
|. $7,442,212, and since incorporation
$60,779,653, on an issued capital o
$62,355 $40. But five Mexican compan
: les report dividend payments, thes,
: disbursing $1,125,15O. Since incorpor
alton these five companies have pait
dividends totaling $2O,S73,132.
Seven betallurgical companies con
e tributed to the 1914 total to the exten
e of $10,240,016. Since incorporation
+ they have to their credit no less thai
l. $169,S64,5S,s on an issued capital o
e $279, 1885, $40.
The six holding companies men
toned above contributed to the year
total 1921 ,0O3, and since incorpora
b ton have to their credit $176, 640,95(
> Their issued capital amounts to 1912
u 392,s92.
/. If it were possible to compile, in aC
r dition to the above, the large profit
a that are periodically distributed b
the many private and close corpora
tions which are directly interested i
the mineral industry, the fact woul
be emphasized that fabulous wealth !
g still being created by American mine