Hide Article Text (OCR)
22THE MINING- REV'scandal that caused a commotion in business and commercial circles in the United States and in Europe, and which nearly led to international complications, mention of which, in this connection, is not germaina to the subject matter of our text.At this stage of his career W. W. Chisholm stood high in the estimation of his fellows and associates as an experienced, careful, successful and reliable mining operator, but it was believed by some that his judgment was faulty when, in the year 1876, in company with J. F. Woodman, he located the Centennial-Eureka claim in Tin-tin district, near the crest of the mountain range dividing Eureka from Mammoth, and adjoining the even then noted Eureka-Hill mine. Still, nothing daunted by adverse opinions, assessment work was annually performed on the Centennial-Eureka and adjoining claims, comprising the Centennial-Eureka group, acquired either by location or purchase, and in the year 1885 the Centennial-Eureka Mining company was organized with a capitalization of 30,000 shares of $1 each,—a modest capitalization characteristic of the modesty of the men backing the enterprise. One assessment of $1 a share was levied by the company, but this was the only one and the last, for, before more funds were needed, the mine had been placed upon a producing and paying basis.In the year 1889 the first dividend of $1 a share was paid by the company, to be followed by regular monthly dividends of $1 or $2 a share until August, 1899, when, having disbursed “velvet” money among its few shareholders to the amount of $2,130,000, the mine was sold to A. F. Holden for the handsome sum of $2,100,000, being only $30,000 less than the amount the mine had already paid out in dividend disbursements.Since the sale of the Centennial-Eureka Mr. Chisholm has not been engaged in active mining operations, although he still has extensive mining holdings and valuable interests throughout the state and the west, and is a silent partner in quite a number of commercial and business pursuits.While Mr. Chisholm has made many friends because of his successes in mining operations, he has made many more because of his winning ways, charming personality and nobility of character. He is as modest as a child and of a retiring disposition. And more, he is possessed of such sterling qualities of heart and mind that anything within the gift of our people were his would he ‘ hut take it. He is generous to a fault, and the poor both know and love him, and * his charities are many. He is a keen sports- lt;man, and is never happier than when out l in the wilds with rod, gun or boat. These, i with books by the best authors, are his hobbies; his delights. His home on Brig- ( ham street is filled with all that comfort 1 and luxury could ask for, and, beloved by j friend, respected and admired by our citizens, his life is typical of what one might expect of a gentleman, of a retired pioneer, 1 who has been eminently successful in his * mining ventures. * ' - x
Newspaper Details
Salt Lake City Mining Review
Salt Lake City, Utah, US
Mon, Feb 29, 1904
Page 9
Full Page
Clipped by
Daniel H.
USA 02 Mar 2024
Other Publications Near Salt Lake City, Utah
Salt Lake Tribune
Salt Lake Daily Tribune
Salt Lake Daily Tribune and Utah Mining Gazette
Deseret News Salt Lake Telegram
Salt Lake Tribune Salt Lake Telegram
