Show ONE MORE MINE GETS iN LINE UNE May Day Directors Authorize Payment of This Month BOOKS CLOSE ON FIFTEENTH MINES GETTING IN SHAPE FOR HEAVY OPERATION At the meeting of the directors of the theMay May Day company yesterday It was de decided cidell to begin regular monthly distributions distributions ot of dividends After going over the proposition carefully It was decided to make the first distribution or 1 cent a share It will wUl be paid on the and books wilt close on the against the transfer ot of stock While the treasury Is In good shape and we might just ns as well have met the expectation of enthusiast by making the dividend 2 cents a share shar said General Manager John Dern after atter the g it was considered to be a better plan illan to begin at the bottom of the ladder and work up as the development ot of the mine suggests A great deal of work In con connecting connecting up tile the old May Day and that por portion tion of the Uncle Sam property properly recently purchased is under way and there Is con considerable considerable more to do Under these condi conditions conditions the directors finally decided to tomake tomake make the amount SS Instead of as some of the stockholders and directors believed ought to be paid Mr Ir Dern saW said the mines were doing well and that the pr prOduct duct was bringing good returns As the workings ot of two mines owned by the company become con connected connected uP drifts straightened out and levels established the mining ot of both first and ores will be greatly simplified d and the operating costs of the proposition will be correspondingly re reduced reduced ThIS will Insure greater earnings and the payment of larger dividends than the one just announced The May Day is being reduced to a business that Is sure to command the thc respect of the mining community and every per person person son who visits the property these da days re returns returns turns an enthusiastic champion of the mine |