Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-08-18
REESE RIVER IN LONDON.
The washoe wildcat Travelling in
EurOpes

ImC w w IIosCoI IEAVGlInK ~
Europe:
The following is the second advertise
ment Of rye Washoe wildcat" from ye
region of Reese, which is now rusticating
in London, and trying to cheat John Bull.
(Another will appear tomorrow:
STATE OF NEVADA. THE LANDER
- City Silver Mining Company. NimIted.)
ABRIDGED PROSPECTUS,
Capital al0o,O Oo. in 10000 Shares Of IS each.
First Issue $4,000 Shares.
Deposit on Application 50. per Share, and on Al.
lotment s..
No Further Payment will be required until tho
Statements as to the Value Of the Property
, have been verified.
No Call will be made exceeding 30s. per Share,
nor at less intervals than Two Months. 1t
Is not anticipated that moro than SO per
Share will be required.
George Il. Birt, Esq, Whnleboue House, West
Ham, T., Chairman.
Charles Heneage, Esq, 3, Cadogan.placc. Bel
grave.square.
Colonel LIE Marchant, Great Berkhampstcad, and
Senior United Service Club, late Military
Secretary in Nova Scotia.
Frederick w. Scdgwick, Esq, Lewisham Park,
Lewisham. Director Of the West Cork and
Cork and Kinsale Railways.
Lieut.. Col. Todd, late 18th Hussars, 36. Spring.
feld.road. st. John's'wood, aud Army and
Navy Club.
BANKERs.-The East London Bank (Limited),
Cornhill.
BRoKER.-G. S. Herbert, Esq, -, Old Broad
street and Stock Exchange.
SoLICIToRS-MessrA Tilleard, Son, Golden, and
Holme, 81, Old Jewry.
AUDIToRs.-Messrs. Quilter. Ball, and Co, j,
Moorgate-streeti ". I. Linford, Esq, Is,
Moorgate-street
SECRETARY (pro tem(.-Mr. G. W. Moxon.
Temporary Ofices-73, Old Broad.street, +. c.
The Lander City (State of Nevada) Silver Min
ing Company Is established for the purchase
under certain stipulations mentioned below-ofa
Silver Mine known as PhelpE' Lode, and another
adjoining, two and a half miles from Lander City,
with q water frontage Of COS yards to each side of
Big Creek, and having a substantially construct.
cd tone-and.timber built crushing MILL, with 40
feet water wheel 90 stamps, and u sufficient
number Of approved reducing pans rs used by the
Gould & Curry Company . roasting furnaces,
blacksmith shop, forge, and tools workmeus'
house, l6 feet by 40 feet 10 yoke of cattle, horses,
wagons, and q quantity Of chemicals also Of ono
thousand acres of timber and pasture land, less
than three miles from Lander City.
The vendors briefly represent the value and
prospects of the property rs follows:
THAT the mill is now leased for $500 per
month with ten stamps only-ten more are in
course of erection by the vendors, and the mill IL
capable of driving about gu.
by reducing ores for other mines with 90
stamps only at n cost of ESQ per month, estimat.
ed profits Of G65,0O0 per annum may be made,
and, by working with tho same number Of stamps
in the Company's own mines, the profits are esti.
mated ut fl75 900 per annum. BY adding TO the
number Of stamps, the profits would be proper.
tionally increased, and the demand for mill power
and the supply Of silver ore appears to be un.
limited.
,.Tha oJv,n,no,y otE.raJ la, ,h;o nron.r,y nv,
| therefore,.
~. a minimum dividend of lai per cent. upon
the purchase money from the existing lease Of the
mill only without any mining risk.
"2. An immediate increase to IS per cent. by
the addition Of ten stamps, without further outlay
and without risk.
-. Dividends OF 100 to $50 per cent. upon tho
capital called up, If the Company themselves
work the mill only instead Of letting II.
~. Probable dividends Of 900 to 30O per cent,
If the Company work their Mines and NH to.
gether, the latter being capable oil very great in.
crease by the addition Of stamps.
as. A rapid increase In the value Of the whole
of the property"
Tho Directors have taken means TO satisfy
themselves Of the genuine character Of the propo-
sal. They have carefully examined the docu.
mentary evidence, official and private, laid before
Them, and had heightened interviews with the
vendors representative. and are bound 10 say
nothing has transpired TO justify a doubt Of the
| property being one Of much value; but they have
determined, in the interests Of the Shareholders,
not TO part with ono farthlng OF tho purchase
money until the whole OF the property has been
inspected and the statements respecting il In.
quired into OH the spot by u gentleman thor
oughly able and trustworthy, to be selected by
the Directors, and dispatched from thls country.
| Upon his return, or upon the receipt Of his re-
report, q Special Meeting Of the Shareholders
Will be convened. and as that meeting may lie.
....f,.o 49, ,.nba. ,u1l hn anl a. ,nR G1.n,,lI
the Company decide not 10 purchase, the Direc.
tors pledge themselves the expenses shall not TX.
coed %. per share on the shares allotted, and that
no fees will be payable 10 themselves on account
of their services.
Assuming the statements rs to the value Of the
| property to be confirmed, there can be no doubt
of is value, and of its sufficiency for giving q
very urge return for tho purchase money and
the additional sum necessary for bringing the
mine into active working. Holding this opinion,
and looking NJ the precautions taken for prevent
ing any payment being made except upon being
perfectly satisfied in oil respects, the Directors
have sufficient confidence IN the undertaking &c
take for themselves and personal friends, and
upon precisely the same terms rs the general
shareholders, q considerable number Of shares.
The Directors taxi this opportunity Of stating
that they neither are nor will be, either directly
or indirectly, interested In the undertaking other.
wise than rs shareholders, and In common with
those Of the public who'may take shares in il.
Applications for shares TO be made Oh forms 10
be obtained nj the Bankers or Of the Directors ut
the Company's Offices, where full particulars,
reports, maps, etc, may be seen and prospcctuses
| obtained. For the convenience Of persons resid.
ing In the country. forms will DO forwarded on
| duplication TO the Secretary.
The shares will be allotted rntably to all appli-
cants, and the Directors will, ut once. return in
full the deposit on any not allotted.
ITO be continued tomorrow. - Ed.
News.