| Show CON MERCURS j J NEW POLICY I c Commences the th Payment of f Monthly Dividends of Will BUILD UP A SURPLUS THE TEB IN Df MOUN i RAI AND EL AMIGO p dIrectors of the tte Taa I car company met yesterday afternoon and Inaugurated he the plan of e paying monthly Instead or of quarterly dividends dividend The rate wu waa fixed at or k a are and the OM oe will ill be b pa I 1 on fonday the 4 day of April Stock transfer books will wUl dose next Fridy the I and reopen on April 8 g the change Manager Geo H B Darn ern saId the move had bad bEen In contemplation ever since the pur of Captain De Lamars Inter Interests ests and aRd was as decided upon as being In harmony harmoDY ith the desires or of nearly all iii the rs as expressed at dif different different ferent The said Mr Dern Uj is a little leis leu than the compary baa been paying but as aa It amounts to O O per percent cent Der er on the stock valued at U a are and as It can be paid without at any time the treasury and continued wIthout doubt for man many ears to come the directors are it will bt be m re satisfactory I tory to tt tM shareholders In every way y Many fit t them had expressed faction Ith the quarterly plan and while the mine has baa been earning all that baa been n paid there has been a feeling of doubt all the In some circles that It was not Under the new arrangement we can the regular pay menu nd at the same time build UP a surplUS that will bt be an assurance to the share holders holden that to machinery or other eort or of setback that might occur In routine work of mining and milling on such a large arge scale will wUl not inter tere fere with the payments ot o dividends an they mature Last Jear ye the company made mad three Quart quarterly payments of each or first quarter ha having been passed so the new rate Is 18 only in less leu per annum num and with the mine and works work in the pink of o condition Rot not a dollar doUar Owing and a very ery snug sum In t the e t ry to begin with the rom m pany enters eates upon Its new plan in shape to carry It out for years The company is now producing gold bullion at the rate of not less than per month and the general im impression Impression is that it is Ia fore nore than that but granting that hat Is e limit the sur surplus surplus plus will be built up at a rate of not DOt less lea than oOOO per mouth month and poe CO more than that I |
