THE FARMER'S COTEMPORARIES. 'J I 



that a single one has sold as high as $6,750 upon a par 

 of $100! The total output of its mines for the seven 

 years up to 1S83 was 1,569,929 tons. Take, for example, 

 a stockholder in the Republic Company who bought his 

 shares when they were at their lowest, and held them. 

 He may have purchased the original stock at $12, on a 

 par of $25, and possibly lower. From that point it rose 

 to $325. Then the capital was increased from $500,000 

 to $2,400,000, and the stock rose as high as $67, or $335 

 a share for the whole stock. This profit does not take 

 into account the enormous dividends that were being 

 paid in the meantime, frequently more than 100 per 

 cent. The stock of the Cleveland Company has sold as 

 low as $6 or $7. From these figures it advanced to about 

 $250. The company made an increase of capital similar 

 to the Republic's, and its new shares sold as high as $40 

 and as low as $14 ; its present price is about $20. But 

 aside from the fluctuations of market the steady holders 

 of Cleveland have enjoyed much larger returns than they 

 could get out of any other security. During the last six 

 years this company has paid two dividends of 80 per 

 cent, and one of 120 per cent. The Lake Superior Com- 

 pany is another mine that has made its stockholders rich. 

 The capital of the company, originally half a million, 

 was increased to $1,500,000. The quotation of the new 

 stock has ranged from %t^'^ to $80. The old sold as 

 high as $400, we believe. The Lake Superior is one of 

 the big dividend payers, and the steady holders have 

 been unable to get Aladdin's lamp out of their minds ! ' •" 

 The Calumet Hecla Copper Company, started a few 

 years ago with a capital of $1,200,000, has paid dividends 

 amounting to $20,000,000, and still holds a property 

 valued at $29,000,000. 



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