Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1916-04-21
Mines Pay Big Money.

The dividends paid by the metal
liferous mines of the Inland Empire
during April will total $1,115,085, and
for the first four months of $1916 $4,-
026,262 In these totals are included
only those companies which publicly
report their earnings, with the excep-
ton of the Hercules mine, whose prof
its have to be estimated owing TO the
refusal of the partnership which owns
it 10 give out any information. No
account is taken of the operations of
lessees of mines, though some of these
operations are profitable and impor-
tant. except in so far as they are
included in the earnings of one or
other of the reporting companies
Notable among the leasing operations
which might well be included by rea-
son of their proftableness are those
on the Ontario and Greenhill-Cleve-
land mines in the Occur d'Alenes-
whose aggregate profits amount to
several million dollars
The profit disbursements during
April will be made by six operating
concerns in the Occur dAlenes and
five in British Columbia. The divi-
dends paid during the month by the
Idaho companies will total $604,1
and by the Canadian operators $500
/
months eight Idaho companies viii
contribute $2.S42,O61, while seven Brit
ish Columbia companies will distrib-
ute $1,1S4 POI.
The eight Occur d'Alene companies
with one added which has paid NO
dividends this year, have disbursed to
their shareholders in dividends to date
an aggregate of $50, 1887, 257. The seven
British Columbia companies, with one
added, will have paid out in dividends
by the end of April total of $16,-
S60,079. This makes grand total of
profit distribution by active Inland
Empire mines of $69,692, 1886
These totals do not include any of
the disbursements of defunct or in
active companies or mines, or the
earning of any of the mines now
working before they passed into their
present ownership. For example, 1t
does not include the early earnings
of the many companies now embraced
in the holdings of the Bunker Hill,
/. Federal or Canadian Consolidated
companies, nor does it include the
, earnings of the Success mine when il
was known as the Granite, or the
profits of the Hedley mine when il
belonged to the Marcus Daily estate.
Though all operating companies
have so far been devoting more atten-
ton to the building up of surplus
funds than to the distribution of in
l creased dividends, the above figures
show that they are now disbursing
4 profits at a rate in excess of $12, 00O.-
j, 600 the year. The Bunker Hill is
2 known to have $2,OOO,OOO in its sur
r plus, half of which is being devoted e
A the construction of a great smelteT
and refinery. Both the Federal and
Interstate-Callahan companies have
much more than $1,000 900 each in
their treasures. The Canadian Con
solidated and CRANKY companies have
1 built new smelling plants out of their
profits and still have on hand cast
SURPRISES that run into the millions
. The Hercules and Tamarack com
r panies jointly have built a smelter anC
T bought control of a refinery and each
It also has fat cash surplus. All tbs
C rest have large reserves of cash, no
II tably the Hecla, whose surplus is be
lieved to rank well up with most O
q the bigger companies.
i Before the year is closed dividend
= may easily amount to from $4,000, 0Ol
= o $20,O0O,0O0 during 1916 with gran,
- total of approximately $50, .000-