The Elk advocate. [volume] (Ridgway, Elk Co., Pa.) 186?-1868, 1866-05-31


give tho opinions of numerous distinguish.
cd citizens and men Of science who have ty-
amined this district the following eEtrac
relate thereto, and th9t Of Professor I'd.
ward N Kent in particular, Of tho New
York U. 8, Asgny Office is directly In point.
Our late lsmented President-Mr. Liu-
coln--during an interview with Speaker
Colfax, relative to the hidden wealth Of Col
oFado, Esvada, &C., said-.-
II have very large idees Of the tn'';1r'l
wealth Of our nation believe II pracli. a.f
inexhaustible"
The Hon. J. P. Upeher, Secretary of Tvs
Interior, in the Official Report presented to
Congress, dated December 9Th, 1854 refer.
ring TO the then present condition Of cur
Western Territories, says "The wealth
embedded in the rocks Of that extensive re.
gion is actually inexhaustibe, and it will
furnish in future years, indirectly prinoi'
pal part Of our means of liquidating tho
debt contracted by the Government for thu
overthrow Of the Great Rebellion"
The Hon. II. P. Bennett, delegato id
Congress from Colorado, in speech before
the House OF Representatives said "Judgi
ing from what know of the undcYeloped
resources of this country from what am
told by practical miners who are we'll in.
formed upon this subject, 1 do say here
to day before this House and before this
Country, to be placed upon the records and
read of all men-that within five years time,
and by the year 1859, the gold fields of Col
orado Territory will produce S50,OO0,O 600
Annually a; and even then its full resources
of mineral wealth in gold alone remain not
wholly developed. speak from the united
testimony of many practical miners who
have spent many years In the mines OF
California, when 1 say that the gold
bearing region of Colorado is far moro ex-
tensive, quite as inexhaustible, and the
| gold-bearing quartz of q much richer quail
| ty than in California"
Professor Edward N. Kent, Of she Nsv
| York Assay Office, says
"As to the extent Of the gold mines Of
Colorado, l am not prepared to give an esti'
mate, as found enough to fully employ my
! time within radius of FIVE miles Of Central
| City, 1.-THE location of the above Ledges, ]
but os to the richness of THEM, l have no
hesitation in saying, that believe them to Be
| the richest euer discovered. With science,
capital and the Pacific Railroad, Colorado is
destined in my opinion, torival or superceds
California and Australia, and become tho
Ei Dorado Of the World"
The opinion entertained by those abroad
of claims in this district, is shown by tho
following extract
English capitalists have purchased G600,
900 Of the Colorado mining lands, and their
agents and employees are now en- route to
develop the same. The claims are princi-
pally in Russell and Trail districts, and a
recent purchase has been the Seaton Lode Of
1000 feet for which they paid 100000.
| An idaa of tho value of some claims (100
feet each) may be formed when the fact j,
| considered that it often occurs that they
| yield millions Of dollars, and have in several
Instances been sold for $25, 900 per foot,
| Mr.. Fields, from 33s feet Of the Bobtaii
Lode has taken out already over $500, OOO
Yin gold, and $266,000 has been offered and
refused for 334 feet of this same lode, equSl
to $500, 900 for claim of one hundred feet.
As the purchase of either Of the abov,
: lodes would require more money than the
majority Of persons have at command, II
has been determined to consolidate them
and to divide them into Twelve Hundred AMI
, Fifty.
j.! ORIGINAL SHARES
q | which will cost the subscribers herstc
ONE HUNDRED DOLLARS EACH.
:. thus affording the man Of limited means, q
e well as the capitalist, an opportunity to s,
i cure an interest in this region Of "praot
|. | cally lneXnauSuole wealth..
q AS all are aware, tho usual plan adopte
: for the development of such property ia I
4 form company and issue certificates q
q stock The plan here proposed may
. considered preliminary to the formation q
a two or more Companies on these propertie:
i, which are subject TO no royalty, leases Q
!. mortgages.
d The Subscribers eau then upon this soli
:. and substantial basis, elect officers frot
!. among thems elves, each subscriber bein
d eligible to the position Of an officer OF th
,. Company:
y In order that handsome returns may b
q speedily realized, these subscriptions or
i based upon the proposition that the subsor
N bers Immediately on receipt Of the Deed
h (now ready for delivery, and which may b
examined at the Office of the undersigne
|. before subscribing, may lease their land
d. on heavy royalties, or at once organic
Companies in the usual way for which thcr
I'd is an ample basis.
j. To accommodate those Of moderate mean
~ these "lnterests " are put at 500 sacI
,e in order to get the list filed at once, and
prevent any delay in the organization oftl
Company.
Il Considering the numerous valuab
II "Ledges" which constitute the basis Nf th
Il. enterprise-the fair ard equitable featur
n the low prices at which " interests" " in
n ore offered, and that each interest entitl
the holder to his pro rata share of stock
Il. oil the Companies that may be organic
upon them-also recollectiug that in a
Il there are only 1000 interests to be sold 81
n it would only require one hundred gentl
men each to take ten (Sl000) 10 absorb 4
II whole, it is presumed that it is hardly necS
N sary to suggest to those desiring to secu
n ! one or more of these original interests, 10
# | once send in their subscriptions.
Checks OF Drafts should be drawn to q
m order Of the undersigned, whose endors
10 ment will be receipt, in addition to Il
one that will be promptly sent on receiviE
.at them.
9 United States 5-20's--l0 40 s-7-30's g oil
other Government Bonds taken at par. al
N. any premium OF accrued interest therer
re allowed Bonds may be ssnt by register
In mail or by express.
va The books are now open. 6ubscriptio
received by ..--