Last week the directors of Hudson Bay Mining & Smelting Co. declared their initial dividend, a 50¢ payment that marked the first return on a classic promotion. Just 20 years ago a Canadian prospector stumbled on a rusty streak of sulphide ore in the ancient rocks of northern Manitoba. Having grub-staked the prospector and his five partners, John E. ("Jack") Hammell made them a proposition: $100,000 for each prospector, $1,000,000 for himself if he could get it. Laughing uproariously, the prospectors agreed.
As a practical mine the Flin Flon claims looked hopeless. They were...
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