C.C. Productions & Dividends
-> My Collection; The whole book can be seen here as an Image Only Album, or direct to the page of this text here.
Last updated: 29 May, 2016 11:37

 

The Short Line Blue Book, July 1902
(page 84-88)
Cripple Creek Production and Dividends.
The Cripple Creek District.

The value of the gold output of Cripple Creek in 1901 exceeded by $2,400,000 the value of Colorado's entire silver production in 1891, the state's banner silver year.

The now famous Cripple Creek district was for many years a cattle grazing country, but as early as 1849 there had been some gold excitement near Mt. Pisgah. In 1891 Bob Womack, a ranchman in charge of a Denver firm's cattle in the district, found some good looking gold ore. He brought specimens to Colorado Springs and after considerable difficulty succeeded in interesting a few men with capital, who journeyed over the hills with him and located the El Paso Gold King mine, a property that has paid its owners hundreds of thousands of dollars.

The news that there was gold over the hills to the west of Colorado Springs induced hundreds of men to flock to the new camp. These men had little money, but energy and perseverance in abundance, and by their efforts the value of the new field as a gold producing area was proved. The richness of the ore found in the district was soon heralded over the country, and a grand rush began. Today the Cripple Creek district is the greatest gold-producing camp in the world.

There are twelve towns in the immediate district, with a population of not less than 70,000 people. The principal towns are Cripple Creek, Victor and Goldfield. Other towns in the district are Independence, Altman, Anaconda, Elkton, Cameron, Arequa, Lawrence, Mound City and Gillett.

PRODUCTION FOR 1901.

Table showing Cripple Creek's gold production for 1901 by months - value and weight of ore, and total for year:

 
Tons.
Value.
January
46,140
$ 2,001,500
February
44,342
1,934,500
March
52,644
2,102.000
May
42,140
1,596,500
April
17,240
1,726,500
June
40,640
1,682,500.
July
52,640
2,149,000
August
52,650
2,164,000
September
52,737
2,168,500
October
53,640
2,164,900
November
51,640
2,151,800
December
54,440
2,176,550
 
Total
590,893
$24,018,250
TOTAL TONNAGE TO DATE.

Table showing weight of ore from the Cripple Creek district for the past eleven years, with total to date:

Year.
Tons.
1891
13,000
1892
21,000
1893
80,000
1894
110,000
1895
200,000
1896
190,000
1897
296,000
1898
350,000
1899
422,805
1900
504,568
1901
595,195
 
Total to date
2,782,568
   
TOTAL PRODUCTION TO DATE.

Table showing value of ore produced from the Cripple Creek district for the past eleven years, with total to date:

Year.
Value.
1891
$        200,000
1892
400,000
1893
2,000,000
1894
3,500,000
1895
7,500,000
1896
9,250,000
1897
12,000,000
1898
15,000,000
1899
20,168,412
1900
22,512,875
1901
24,018,250
 
Total
$ 116,549,287
   
   
COLORADO'S GOLD PRODUCTION.

The following table shows the gold production of the State for the past thirteen years:

1889
$ 3,363,217
1890
4,016,229
1891
4,767,880
1892
6,300,000
1893
8,527,000
1894
10,549,731
1896
13,559,954
1896
16,267,234
1897
19,579,637
1898
23,534,531
1899
26,508,676
1900
28,762,036
1901
27,679,445
 
$193,415,569
COLORADO'S METAL PRODUCTION FOR 1901.
 
Type Metal.
Value.
Gold
$ 27,679,445
Silver
10,661,124
Lead
6,645,981
Copper
1,457,211
Iron
8,858,940
Zinc
1,297,983
 
Total
$56,600.684
COLORADO'S TOTAL METAL PRODUCTION.

The following table shows the total production of the principal metals of Colorado, since the records of mines have been maintained, to the first of the year, 1902:

Type Metal.
Value.
Gold
$ 251,888,766
Silver
352,743,038
Lead
101,072,419
Copper
13,904,348
 
Total
$719,608,571
CRIPPLE CREEK IN SIX MONTHS.

Herewith is given the record by months since the first of the year:

Month
Tons.
Gross Value.
January
47,000
$1,759,000
February
41,000
1,574,000
March
49,000
1,803,000
April
40,000
1,570,000
May
43,000
1,624,000
June
48,000
1,850,000
 
Total so far
288,000
$10,180,000

The semi-annual review of Cripple Creek discloses a gratifying state of affairs for the first half of the present year. The great gold mines during that period shipped out 288,300 tons of ore from which was derived $10,180,000 worth of bullion.

These figures are based upon the returns furnished by the mills and smelters and are as nearly officials as can be had without appealing directly to the private accounts of the companies.

As the years pass, the estimates which are made upon the output of the camp are prepared with greater care, so that the total presented may be depended upon to represent about the exact condition of affairs.

In days gone by, when the camp was young, everything was done on the wing and any thing told was believed. The greatest latitude was permitted in making up the totals and in this manner the production was frequently set several million dollars above the actual output. The showing presented herewith is most creditable and indicates the greatness of the gold camp.

Any district that can maintain an average production of $20,000,000 is entitled to rank among the greatest of the world, and this is what Cripple Creek is doing. The camp has been handicapped somewhat by internal conditions, to recapitulate, the curtailment of production at the Portland on account of the starting of the new mill and the same state of affairs at the Elkton because of a grievous water situation. There have been others, but space will not permit their enumeration. Enough to say that a camp which produces better than a million and a half a month, if not the greatest gold camp in the world, is the greatest in the western hemisphere.

PRODUCTION FOR JUNE.

Herewith is given an estimate upon the production of June:

Plants.
Tons.
Gross Value.
United States R. & R. (Colo. City)
22,000
$ 700,000
Union (Florence)
8,500
255,000
Dorcas (Florence)
2,500
56,250
Economic (Cripple Creek)
3,500
105,000
Smelters
12,000
733,750
 
Total
48,000
$1,850,000

The month of June showed a good increase in the production from the Cripple Creek District, the estimate of the output being 48,000 tons, yielding a gross value of $1,850,000. The showing is excellent, in view of the fact that The Portland mine is running about half production and the Elkton about two-thirds. The break down at the La Bella plant paralyzed six shippers on Bull Hill for two weeks, causing a decrease in the output from that point.

The mines of the district are doing well and are fast getting into shape where they will make even a better showing. A camp that can produce from $1,500,000 to $1,850,000 worth of gold is indeed a wonderful proposition. Its record is all the advertising it needs. The camp has produced over $10,000,000 in gold during the past six months.

DIVIDENDS PAID BY COLORADO MINING COMPANIES IN 1901.

The dividends paid by the precious metal mines of Colorado in 1901 amounted to $12,097,472. The total production of ores, actually accounted for, was $58,847,797. So it will be seen that the dividends exceeded 20 per cent. This, it is interesting to note, does not include the profits of transportation, light and power companies, smelters and reduction works, or of mercantile pursuits depending on the mines, nor the vast amount earned by laborers engaged in mining the ores. The dividends by the mines were equal to 4 per cent, interest on $300,000,000.

The incorporated mining companies of the Cripple Creek gold district paid in dividends during 1901; $4,940,691. In addition to the money distributed among their several stockholders, the various companies have added to the reserve funds, and hundreds of thousands were expended in the purchase of additional territory and permanent improvements.

The leasing companies, which take an important part in development work, paid at least $750,000, which makes the record of the camp for 1901 equal $5,690,691 and the total since 1891 reach $24,378,849.

The record of dividends paid during 1901 by Cripple Creek Companies is as follows:

Company.
Dividends.
Arrow
$ 54,000.00
Bankers
187,600.00
Bull Hill Cons
45,000.00
Consolidated Gold Mines
30,000.00
Consolidated Mines
304,000.00
Creede & C. C.
16,000.00
Doctor-Jack Pot
232,000.00
Elkton
325,000.00
El Paso
24,250.00
Free Coinage
120,000.00
Garfield
125,000.00
Gold Coin
360,000.00
Gold Crater
250,000.00
Gold King
84,316.50
Grafton
10,000.00
Granite
5,000.00
Ingham
30,600.00
Isabella
22,500.00
Katinka
10,000.00
Kittie M.
1,500.00
Last Dollar
90,000.00
Mary McKinney
150,000.00
Midget
150,000.00
Modoc
60,000.00
Monument
3,000.00
New Zealand
60,000.00
New Zealand Cons.
53,650.00
Nugget
30,000.00
Orphan
106,000.00
Pointer
25,000.00
Portland
720,000.00
Stratton's Independence
793,000.00
Strong
300,000.00
Santa Rita
6,000.00
Touraine
7,975.00
Union
25,000.00
Vindicator
170,500.00
Various leasing companies
750,000.00
 
Total
$5,690,691.50

The following is the record of Cripple Creek since 1891, by years:

  • Previous to 1897, $3,279,135
  • for 1897, $1,262,995
  • for 1898, $2,596,145
  • for 1899, $4,171,131
  • for 1900, $7,378,752
  • for 1901, $5,690,891

grand total in ten years, $24,378,849.

DIVIDENDS IN 1902.

The dividends paid in the first six months of the year amount to $1,231,000. The showing is quite satisfactory, taking all things into consideration.

The Portland Company has paid no dividend since January 15th, on account of the wise policy of conserving its cash reserves during the completion of the new $700,000 chlorination mill at Colorado City.

The Elkton has paid no dividend since April 20th, on account of an unusual water situation in the 8th level, which is now happily solved.

One of the encouraging facts is the reappearance of the Golden Cycle Company on the public dividend list, with next month.

The last half year of 1902 will witness a much larger dividend record, as the Portland will have resumed and the Elkton in all probability, both of which can make substantial showings when they got to paying dividends.

DIVIDEND-PAYERS.

ACACIA - Formerly paid one cent per share quarterly.

Last dividend of 1c., $15,000, paid December 15th, 1900.

Total to date, $45,000.

ARROW - Paid 2c. per share. $54,000 from proceeds sale of property November 15, 1901.

AMAZON - Pays at irregular intervals.

Last dividend 5c., $30,000, March 15, 1900.

Total to date, $62,000.

ANCHORIA LELAND - Paid monthly and quarterly dividend of one cent a share on an issued capital stock of 600,000 shares.

Last dividend 3 cents, quarterly, paid April, 1899.

Total amount to date, $198,000.

BANKERS - Dividend of 15c., $187,500, from proceeds sale of property, paid March 15, 1901.

CREEDE & CRIPPLE CREEK - Dividend of 2c. per share, $16,000, paid in May, 1901, from revenue derived from Union Bell stock in treasury of company.

CRESTON LEASING COMPANY - One of the notable successes of mining by this system in Cripple Creek. Operated the Jack Pot mine and paid to its backers $504,000.

Last dividend, $7,543, paid in December, 1899.

Total, $512,471.

DOCTOR-CHIEF MINING & LEASING CO. - A notable example of the success of mining on the Doctor mine.

This concern paid $220,000 in dividends December, 1900.

total to date, not obtainable. This lease was bought out by the promoters of the Doctor-Jack Pot Consolidated in December, 1900.

DOCTOR-JACK POT - One cent monthly, suspended temporarily.

Last dividend of 1c., $29,000, paid August, 1901.

Total to date, $232,000.

ELKTON - Increased to four cents quarterly.

Latest dividend 4c., $100,000, paid March 20, 1902.

Paid during 1901, $325,000

Total to date, $1,404,460.

EL PASO CONSOLIDATED - Pays dividend occasionally.

First dividend, $10,795 in 1897

$24,250, paid December, 1901.

Stock dividend amounting to $80,000 paid in March, 1901.

Total disbursements, $115,045.00.

FREE COINAGE - Pays at irregular intervals.

Last dividend 12c, $120,000, paid September, 1901.

Total in 1901, $120,000.

GARFIELD CON. - Dividend of 10 cents per share, $125,000, paid March, 1901, from proceeds sale of property.

Total to date, $159,000.

GOLD COIN - Increased to 3 cents monthly.

Latest dividend, 3c., $30,000, paid June 25, 1902.

Paid in 1901, $360,000.

Total to date, $1,090,000.

GOLD CRATER - Dividend of $2.50 per share, $250,000, paid March, 1901.

Total to date, $250,000.

GOLD KING - Three cents quarterly.

Latest dividend, 3c., $28,105.50, paid October 20, 1901.

Paid during 1901, $84,316.50.

Total to date, $300,527.

GRAFTON - Pays at irregular intervals.

Latest dividend, one cent, $10,000, paid January, 1901.

Total to date, $30,000.

GOLDEN CYCLE - One cent per share monthly, suspended temporarily.

Latest dividend, 1c., $10,000, paid December, 1900.

Total to date, $440,000. This company will resume dividends in July at the rate of 0.75c a share.

ISABELLA - Pays quarterly, various rates, suspended temporarily.

Latest dividend 1c., $22,500, paid March 23, 1901.

Paid in 1901, $22,500.

Total to date, $742,500.

LAST DOLLAR - Two cents quarterly.

Latest dividend 2c., $30,000, paid April 10, 1902.

Paid in 1901, $120,000.

Total to date, $270,000.

MARY McKINNEY - Three cents quarterly.

Latest dividend 3c., $30,000, paid April 10, 1902.

Paid in 1901, $150,000.

Total to date, $420,000.

MIDGET - One and one-half cents per share monthly.

Latest dividend, 1.5c., $15,000, paid April, 1902.

Paid in 1901, $105,000.

Total to date, $270,000.

MODOC - One cent monthly.

Latest dividend, 1c., $5,000, paid June 15, 1902.

Paid in 1901, $80,000.

Total to date, $295,000.

ORPHAN - Dividend of 8.5c. per share, $106,250, paid November 15, 1901, from proceeds sale on property.

POINTER - One cent at irregular intervals.

Latest payment, 1c. per share, $12,500, made June 1, 1901.

Total to date, $25,000.

PORTLAND - Six cents quarterly.

Latest dividend, 6c., $180,000, paid January 15, 1902.

Paid during 1901, $720,000.

Total to date, $4,207,080.

STRATTON'S INDEPENDENCE - Various rates quarterly.

Latest dividend February 20, 1902, 10 per cent, $122,000.

Paid in 1901, $793,000.

Total to date, $3,187,000.

STRONG - Five cents per share monthly.

Latest dividend, 5c., $25,000, April 10, 1902.

Paid in 1901, $300,000.

Total to date, $1,490,000.

TOURAINE - Dividend at rate of $7.75 per thousand shares, $7,975, paid June, 1901, from proceeds of sale of property.

Total to date, $84,975.

VINDICATOR - Increased to five cents quarterly.

Latest dividend, 5c., $55,000, April 25, 1902.

Paid in 1901, $170,500.

Total to date, $807,000.

 

 

This page, and this site is the work of me, Linda Irene Tingvik, and all text & pictures unless otherwise stated, is the property of me.
All copying, hot linking, Whatever, should be sought permission for, Before doing it!
If you see something that should not be here, is wrongly marked, or have anything to add, please write me.