Gilpin observer., 1915-10-14
A RECORD
FOR AMERICAN MINES

There is concrete evidence to hand
in the reports made to Mining & En-
gineering World that American MIN
ing is now enjoying the greatest
prosperity in the history of the in
dustry. with every indication that it
Is here to stay for some time.
The month of September, 1915, too,
| proved that it is entitled to the rec
ord of being the banner month in
point of dividend payments Of Amer
ican mines and works, for "A COM
panies according to reports made to
Mining & Engineering World, declar-
ed dividends totaling $15,S3S 155. Add.
ed to this the disbursements made
| by six notwithstanding corporations
and there was paid to holders Of Inn
ing stocks no less than $18,947,062.
From a careful compilation of the
reports made it is found that during
the 9 months of 1915, record disburse
ments were made by ITO companies
totaling s7O.9S4,S47. This is several
million dollars in excess of the ann
ount paid in any similar period in the
history of the industry. 1t is of in
| terest to note that these 10 com
panies have paid dividends since in
corporation totaling s960,774,575.
This is s231 ,O73,355 in excess CT their
outstanding capital. Added to the
disbursements OF these 10 compan-
les the dividend payments of the hold
ing companies-$14.74s,7s5 : brings
the total of all payments made in 1915
by mining companies or companies
affiliated herewith, to $74,S33.63
Since incorporation these companies
have total disbursements OF s1,156,-
739, ,591, on am issued capital of 81 .003
264.21O.
| In the classification adopted by
Mining & Engineering World we find
that of the 11O companies mentioned
above, 80 operate copper properties.
all but one located in the United
States. These 80 companies paid
dividends during the months of 1915
of $30,SS0, ,204 and since Incorporation
their dividend disbursements total
$4S5 .06s. .579: their issue capital is
s272. $50 ASP.
Seventy-fcur are classified as gold
silver-lead-zinc producers who are
credited with payments totaling $27.-
1876. 500 during the 8 months of 1915.
Since incorporation these companies
have paid dividends totaling $780,
235, ,434 on an issued capital of $222,-
So, ,35S.
| OF these companies SO operate prop
critics in the United States and they
have to their credit during the g.
months period s2O.957.s72 end since
Incorporation 1926 6.2sS.151, on an is
sued capital OF $157.2S5,OS9. Eight
cen Of the above "A companies are
operating in Canada with payments
in 1915 totaling $5.399.147. Since in
corporation they have to their credit
Al This is but s1,S45.447 less than
their issued capital But three Mex
ican companies report as having paid
dividends in 1915, amounting to $685.
5Sl, and since incorporation. $17,671,-
fS16.
Six metallurgical companies which
lock- for their profits not only from
the treatment of ore for other com
panies. but from the operation of
their own mines. had slightly bet
ter months period than in 1914 hav-
ing divided among shareholders $12.-
9OS,043. Since incorporation, disburse-
ments total s179.370.562 on an out
standing capital OF $234,0SS.440
Six commissioning corporations.
which derive their profits not only
from their holdings In other compan-
les, but In the operation of their own
mines, disbursed $14.74S,7S5 during
tire months of 1915. Since incorpor
alton these companies have paid div
idends totaling s195.955.O16 on an
outstanding capital of 1856. 800.