Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-08-19
REESE RIVER IN LONDON.
The wnshoe Wildcat TRAVELLING in
EurOpes

Europe!
The following is the last Of the series Of
swindles now going on in London-at
least, it is the last n which has come to
hand. 1t will be seen that the names of
men in high places are used-but whether
they are eognizant of the fraud, is a ques-
ton with US. By a careful perusal of the
following Abridged Prospectus" it will
be seen that " Austin, the chief city Of the
Reese Rirer District Of Nsrada, Caiifor-
nia," has suddenly changed its geographic
cal locality, andnow hangs out IN another
State. Good joke on Lander 1.-THE
ore yields from $3.50 to $500 per ton,"
which, if true, cannot but be admitted as
rich rock. But read, dear reader, and
laugh:
THE AUSTIN CONSOLIDATED SILVER
Mines Company Qimitedl.
Incorporated under The Companies Act" ls62.
Capital 100000. in 10000 Shares Of f5 each.
Deposit, los. per share on Application, and l0a.
on Allotment Further Calls not TO exceed
Ii ptL udIG VI y OC hlthAO NJ ANHS ihhCA oil
than three months. It il not intended that
more than &3 per Share be called up. ND.
Interest for Two Years from Allotment Of Shares
at the rate of Ten per Cent. per Annum,
guaranteed by Deposit of Cash.
DIRECTORS.
The Hon. FREEMAN II. MORSE. United States
Consul for London, Chairman. ~
A. +, Groom, Esq. date of Shanghai, of Short
wood, StaineS.
John Elm, Esq, Z, Bishopgate. &c.
Charles I. Fuller, Esq, Z, Basinghall.street, E. c.
Edward Lucas, Esq, Heron Gate, Essex.
Edwd. J. Muybridge. Esq. date of California;, 4,
Brompton-square.
Captain Z. G. Tinker CMessrs. Grinnel, Tinker,
and MOrgan), :, Leadenhal.street, L c. Dbl.
B~ANKERs-The London and County Bank, Lon
don and Branches.
BRoKER-John Inchbald, ESQ., =, COpshall court,
and Stock Exchange, London.
Temporary Ofices-l23. Frenchurch,~ street, T.. C..
| SECRETARY (pro tenn. William Davies
ABRIDGED PROSPECTUS.
This Company has been establlshed-frstly,
for the purchase and working four Of the most
valuable Silver Mining properties at Austin, the
chief City of the Reese River district Of Nevada,
California, viz - The Silver Star, Sunnyside,
Idle Wild, Lizzie Hcpkins-possesSiug altogether
2,633 feet of lodes.
And secondly, for the purpose of erecting and
working at Austin. Stamp Quartz Mills, with all
the necessary appliances, for which there Is
abundant employment Of the most lucrative kind.
il is now admitted by the best authorities on
| the subject. that the Reese River Mines are the
richest in Silver that have yet been discovered.
| the average yield per ton being stated on tho bc&
| authority TO be not less than 200 ounces, this be-
ing q greater average than the mines Of Washoe,
California, Mexico, or Peru.
Eleven shafts have been sunk on the several
lodes, so that the Compauy's Mines are COM
| pletely proven and tested
1t is not easy to form an estimate Of the enor'
nous profits which are derived from the working
OF mines In this district, and the Directors, there
fore, abstain from quoting statistics on the sub
ject. They have. however. Satisfied themselves
that, apart from the working Of the stamping
mills, estimated TO produce a clear profit of above
| $4,000 per annum, the development and working
| OF two only Of the four Mines belonging TO the
| Company, will yield in profits annually n sum
equal TO the whole subscribed capital.
According TO the provisional agreement enter.
| cd into for the purchase of the several properties,
Il has been arranged that one.half Of the price,
which IL 2i5,0O. shall be accepted in paid'up
shares of the Company, while Of the amount 10
be paid in cash. the vendor has agreed to leave in
the hands Of the Directors so much a. will pro.
vide for interest being paid 10 the ordinary share
holders for two years from date OF allotment, Mt
the rate Of 10 per cent. p r annum.
There will be no promotion money paid, the
necessary outlay for the legal establishment OF
the Company only being incurred.
The great success of the washoe Gold and Sill.
yer Company, which waS established in London
last year, is proved by the price At which the
shares are now quoted in thu market, being nj q
premium OF upwards OF 900 per cont. There ID
every reason 10 believe that the property acquir.
ed by this company will yield results even more
favorable.
Reports ns 10 the value and extent OF the pro.
perties, with ASSAYS Of the ores from the various
Mines, maps, plans, and every information, may
be had o" application 10 the Company's Oficea