American citizen. [volume] (Butler, Butler County, Pa.) 1863-1872, 1866-08-08

moth and North Union Mining Districts. Nye County,
State Of Nevada, and comprises the following named
iedges ef siirsr bearing quartz:
LEDGES IN MAMMOTH MINING DTSTRFCT.
Tho Winnebego Lcdge,.........Twelye hundred feet.
" Union Lcdge,...........,...On Thousand feet.
Red Jacket Ledge t.........-.One thousand feet
Wabashaw Ledgo,.......E Eighteen hundred feet.
0jibwa Iedee,............. Twelve hundred feet.
Mammoth Comstock Ledge, Eighteen hpntxed fest
Yellow Jacket Ledge ,......... One Thousand feet
' Decotah Ledge, ,............ Twelve hundred foot.
" Con"t Leige, ihouSanhd teef.
I" Lcviathan Ledge, ,............ Eighteen hupdredf
Emerson Ledge........... one Thousand feet
=. LEDGES IN NORTH UNION DISTRICT
The Hamilton Lodge, e,..........TwelYe hundred feet
= Hamilton Ex. Ledge, ,........Twelve hundred foot
F" obwa Twelve hundred feet
- Decotah Ledge".............Twelyo hundred feet
g Grass Valley Ex Ledge, Twelve hundred feet.
" Bushnell Ex. Ledge, Twelve hundred feet,
- Forest Qneen Ex' Lefge,..." Twelve hundred feet
" Pony Ex. Lc'lge,. Twelve hundred feet.
= Overland Ey. Ledge, c,......-.Tweve hundred Eeet,
The Ofcers and Board Of Directors Of this Coup,py
present the above combination of twenty rich aud yau
able Silver Ledges, comprising twenty-five THOUSAND
feet which they confidently believe embraces proper
ty for profitable silver mining unsurpassed by any
the Pacific coast
This property selected and located by practical
and experienced miners among tho first In North Union
and Mammoth, which are Justly regarded among ths
best sIyer mining districts IN the State, account Of
the rchpess Of the ores the width Of the vc the hns
timber die mount tain, and tho salt basins and grass
in the valleys.
This Com pany do design to set forth statements
that VIII not be verified. and prefer underestinatIns
what they bclieve tile results will prove. FaeI Is
item Of grcat expense in many Of tho distrctz Tho
wasllnp paying fifteen to twenty dollars per
cord for wood. twenty stamp mill will consume fE
,een cords OF wood per ay Per eSrd s,
districts would be simply the cutting 81 per cord f60
per day There Is large saving on this tcm. In tho
.nsuni iton Of salt, which is arg ly nseJ In mining
operations the saving would not be less thaa 80 per
many other districts In these two Items there
Is an advantage in cost Of running twenty stamp mR
in these districts which would make handsome yearly
1t is not the intention Of tho Company to work all this
funa Int holi In
for future disposition. either y form part of IL into
other organizations OF TO erect other mills, AZ may be
deemed eSpeient. A twenty st5uup mill near we'll
selected lode will pay large dividend the capital
the FIST woi king year, and leave reserved fund In tho
treasury, to be applied to the erection Of another mill
This Company intend To erect Arstelass mill
the Winncbago lode, which IL four and cne,han feet
wide and IS considered ono Of the richest sver iedgss
in Nevada, and will afford an ampc supply OF ore tor
/ twenty-stamp mill.
Professor Blatchly who is .eicnthc reliable, and
/ very cautious gentleman, says Of this lode
q This iA a strong welldefned yein showing ep>ry
indication of d>pth and pcrmanesce. The ore Is Of
great rictncss and ,oeu dfhsed throughout me rein,
and all HE toiH pay for UorkfHg from The rery
face This a rery ratudJk mine and can be made 10
| pay from TIE beginning A. BLaroEty
Itis more than doubtful if Professor Bistchiy speaks
| in these terms Of any other mine in Nevada.
twenty stamp mill crush twenty tons per dayI
but say that ernshes Is tons per day, (choce spcci
from the Winuebago lode has assayed sll32 por
toni it is low estimate say that IL will give
erage yield Of $3.50 per ton taken it from tho
vein Fifteen tons per day wonld yield $3.50; the
of crushing in these districts will not exceed Sb
per ton $3.50 for Is tons leaving net profit Of $500
for working day, or monthly profit OF ovsr $4,000
! for mill
This statemont may seem large but II is proven by
the results of other mills in districts less avoraby To-
Gated We confidently believe there is no other invest
meni will pay such large returns silver property,
/ when well located, and the mile properly mnnhgei
The managing director Is experienced and practical
silver ore worker ia ali sdetas he Is in the prime OF
life, Of excellent habits and ndomitabIe enorgy hehas
heen long and favoraby known to President, Gov.
Ramsey and to Mr.. Frank Steel one OF the Board Of
ataIs d raaI.R af1
tom the Hon A. W Rondai First Assistant Postmaster
General and Gov. Farwe Of Wisconsin, also Col. Bur
bank OF Minnesota fully He Il one OF the dis
coverers Of this property and Is lnrgey interested In IT,
and will certainly take great pride In dischargng hts
duties promptly and economically, and In suoh = man
to make the Company success which bears his
name.
trustworthy and competent clerk goes out With tho
ma iager as financial agent.
The plan Of organization Of this Company offers Pc
ouiar advantages To the subscrbe. II gives them &C.
cury, insnrcs them large interest upon their money,
and provides for its reimbursement short tio
ing them their interest In the stock free of cost.
The Company reserves for tho treasury fs500IO. or
10000 shares of stock and will sell 1900 sharos at
value Of $500, full paid These rty thousand shares
are preferred stock 10 bear 10 per dividends Pcr
annum out OF tho first earnings of the mines until ts
par value is refunded 1t also shares in dividends with
the common stock a profit. o. the mines over and aove
to redecm dis pre red stock * any lime BY the pay
ment Of the par value thereof oni interest The pro-
terred stock after 1t shall have been paid by divdendsof
twenty Ger cent otherwise to take grade with
the common stock, will share all profits Of the mnes
| equally
This equitable plan l. evidence Of the good faith q
t4 Company and their confidence In this property. n
guarantees to snhscrber the whole property and
improvements for the payment of the PREFER ed
and insuEos the payment Of ii speedily leaving his In
terest in the Company without No other stocH
sil be sold excepting The preferred stock, until the
| Companys mines pay dividends.
This Company have liberal charter granted by sps.
cIal act OF tue Legislature Of Pennsylvania The tfle
TO this property has been carefully examined and pr
aounccd good The product of silver mines is diersn
from iron, coal copper, or lead, which inuencedby
the fluctuations OF the morkct. The precJous mefa
the standard Of value; when prodncsd, they
have no market to seek, but make their market.
=. II. MsJumEkfn, ESQ.,, Travel
ing Agent to take Subscriptie1
! July lsfh 1893.