American citizen. [volume] (Butler, Butler County, Pa.) 1863-1872, 1866-07-25

Decotah Ledge, Twelve hundred feet
Comet rtLedge..................Onct thousaudd fee.
Leyiathan Eighteen hundred foot
" Emerson Ledge........... one thousand feet
LEDGES Nv NORTH UNION DISTRICT.
The Hamilton Ledge, Twelve hundred feet
Hamilton Ex. Ledge, ,.........Tweye hundred fcct.
Obwa Ledge, ........... Twelve hundred feet
Grass Valley Ex, Ledge, Twelve hundre feet
Bushnell Ex. Ledge, ........ Twelve hundred feet
% Forest Queen Ex. Ledgo,......T Twelve hundred feet
" Pony Ex Ledge, ........... Twelve hundred feet.
= Overland Ex. Ledge.........-Twelve hundred feet
The Officers and Board Of Directors Of this Company
present the above combination Of twenty rich and yau
feet which they confidently believe embraces proper
ty for profitable silver mining unsurpassed by any on
the Pacific coast.
This property was selected and located by practical
and experienced miners, among the first in North Union
and Mammoth, which justly regarded among the
best silver mining districts in the State on account of
the richness of the ores tho width Of the vces the no
timber the mountain aud the sat basins and grass
in the valleys.
This Company do not Gesgn to set forth statements
that will not be verified, aud prefer under-esmating
what they believe the results will prove. Fuel is an
item OF great expense in many Of the districts. The
Curry 0phir Savage, and other celebrated mines in
Washoe, paying from fifteen 10 twenty dollars per
cord for wood. twenty stamp mill will consume n E
cords Of wood per day at SIS per cord amounting
districts 1t would be simply the cutting per $50
per day. There large saving this item. In the
nsump ton of salt, which Is arg ly used in mining
operations the saving would not be less than $50 per
day over many other districts In these two Items there
is advantage In cost OF running twenty stamp mill
in these districts which would make handsome yearly
profit Of itself.
1t Is not the intention of the Company to work all this
property at the present time but to hold It In reserve
for future disposition either TO form part OF IL into
other organizations to erect other mills, as may be
deemed expedient. twenty stamp mill near we'll.
selected lode will pay large dividend the capital
tho fiji st king year. and leave reserved fund In the
treasury to be applied u the erection Of another mill
This Company intend to erect frst-cass mill near
the Winnebago lode, which Is four and one>hnlf feet
wide and is considered Of the richest silver Lodges
in Nevada, and will afford ample supply Of ore fer a
twenty-stamp mill.
Professar Biatchly who Is n scientific, reliable, and
very cautious gentleman, Gays Of this lode:
siThis is a strong welldefned vein, shotcing erery
great richness and ,oeu diased throughout the rein,
and all e wiH pay for corkfng from the very sur
face This is pery ralHabie mine and eaH be made to
pay frons he begtnnfng" a. BLATCHLY,
Mining Engineer
II Is more than doubtful If Professor Blatehy speaks
in these terms Of any other mine in Nevada.
twenty stamp mill crush twenty tons per day;
but say that It crushes 10 tons per day. choce spec
from the winnebago lode has assayed sllS2 per
toni it is low estimate say that II will give
erage yield of $50 per ton taken AZ u comes from the
vein. Fifteen per day would yield s2sJ; the ex-
peses of crushing these districts will not exceed $50
per ton or $3.50 Is leaving net profit Of $500
for working day, or monthly profit OF over $4,000
for one mill.
This statement may seem large but it is proven by
the results Of other mills in districts less favoaby To-
Gated We confidently believe there is other invest
men will pay such large rttnrs as silver property,
The managing director experienced and practical
silver worker in all It's details he is In tho prime Of
e of excellent habits and indomitabe energy he has
been long and favorably known to our President Gov
Ramsey and to Mr. Frank Steel, one Of tho Board Of
Dire trs, and with whose good opinion Of MI llamil
ton the Hon A. w Rondall First Assistant .Postmaster
General and Gov. Farwel, of Wisconsin, also Col Bur
bank Of Minnesota fully concur Tie Is one Of the dis
Of this property and Is largely interested in IT,
and will certainly take great pride In diseharging his
duties promptly and economically, and in such
ner TO make the Company success which bear, his
name.
ma lager rs financial agent.
The plan Of organization Of this Company offers pc
car adv antages the subscribers. Ii gives them
curity nsures them large interest upon their money
and provides for its reimbursement In ST. ot time leay
ing them their interest in the stock FREE Of cost.
The Company reserves for the treasury <3oOOD or
10 600 shares of stock and will sell 1000 shares at par
value Of $500. full paid These forty Thousand shares
are preferred stock to bear . per cent assns pea
par value is refunded IL also shares In dFends with
the stock all profits Of the mines over and above
five per cent the Company reserNhs 'ne fght
10 redeem this prefer red stock any time by the pay
ment Of the par value thereof oni int rest The pre-
erred stock after Il shall have oes pau ~
twenty Ave per cent otherwise, 70 tsAe grade with
the common stock, will share all pTohts OF the mines
equally.
This COMPANY and their confidence Ia this property 1t
TO the subscriber tue whole property and
for the payment OF me prefer ed stock,
and usures the payment u 1t speedily, leaving bis IN
tarest in the Company wtbout cast. No other stock
viii be sold excepting the preferred stock until the
Coapanys mines pay diyidsnas, ,iesn.s ~ 49,,
etaI act OF the Legislature OF Pennsylvania The tile
to this property has been carefully examned and pro
nounced good The product Of silver mines Is dfer
from irop coal copper lead, which influenced by
Inc fluctuations of the mofket. Tn precious metals
are standard Of value; when once produced, they
have no market to seek, but make their .wn market
1T. MsJunkin. Esq, Travel
ing Agent to take Subse riptiOn.
july iesh 1855.