Cut Bank pioneer press. [volume] (Cut Bank, Mont.) 1909-current, 1914-09-25
MINES AMI 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 op-
erations assessments are levied.
General Manager John D. 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 DO
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.
Il JOoAO 1nlu6 VI Ju0 LG hOl NO. u,
which reopened September / after a
shutdown of a fortnight on account of
the war, added its 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 1928, year 1859; LIE
Roi (Consolidated), week 2,183, 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
m zinc. The ou~tcroppings are said
to show a length of 5000 feet and one
crosscut of $50 feet has been made
without finding a sign of either wall
and at this time it is impossible to
bol CAC CAdCI WluLu.
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
than $900,933,391. This is $118,34
SCI in excess of their combined out
standing capitalization. Add the S176.-
640,950 paid out by the so-called Sc
cur1tles-holding corporations, and we
have a grand total of $1,O77, 574,341.
OF the 119 companies mentioned
70 are copper producers, div1d-
ing among shareholders during the
eight months $30,936,379, with total
disbursements of $42S, 900, O22-S1sO.-
939,207 in exces of outstanding CAPT
tai.
Elghty-seven of the above 119 are
classed as MISUNDERSTANDING produc-
ers, with dividend payments to their
credit in 1914 of $21 ,370,SS1, and since
incorporation of 1902, 97S,7S1. Their
capital totals $256,235,675.
"Sixty-one located in the United
States with the years disbursements
amounting to $12,8O3,519, and since
incorporation 1921, 1853 9 on an out
standing capitay of $17S,76O,65
Twenty-one companies operate in
with an eight months total of
$~7,442,212, and since incorporation
$50, 779,653, on an issued capital of
1862, 355,649. But five Mexican compan
les report dividend payments, these
discussing 81, $50. Since i~ncorpor-
alton these five companies have paid
dividends totaling $20,S73,132.
Seven betallurgical companies con-
trlbuted to the 1914 total to the extent
o $lo,24O,O16. Since incorporation
they have to their credit no less than
$169,S64,5S,s on an issued capital of
$279, 19s, $40.
h six holding companies men
toned above contributed to the years
total $16,S21 1908, and since i%ncorpora-
ton have to their credit sire, SAC. $50.
issued capital amounts to S312..
392, 1892.
IL 1t were possible to compile, in adj
dltlon to the above, the large profits
are periodically distributed by
the many private and close CORPORA
lions which are directly interested in
the mineral industry, the fact would
be emphasized that fabulous wealth is
still being created by American mines
and m~etallurgical works.