Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1866-05-18
THE VIRGIN
COM MINING COMpANY

THE VIRGIN
Il sM GOLD MINING COMPANY
a84 or coLonApos
1853 eoriginal Interests 800 zach, Of yyflieh
250 are feserved for Working Capital
Subscribers elect their own Officers, aud them
selves minage the affairs Of the Company each
subscriber being eligible as one Of its officers.
THE PRESIDENT
is to be chosen from among the Board Of Direc-
THE DIRECTORS
are to be selected by the subscribers from among
themselves, at the first meeting for organization.
THE SECRETARY AND TREASURER
rs to be subscriber and selected BIZ the Directors
BANKERS.
The Central National Bank, Philadelphia
SOLICITORS
Theodore Cgyler, Esq, Robert d. Coke, Esq.
Americans are progeTbial for the ayidity and
commendable zeal with which they participate in
enterprises having for tbeir object the develop
ment of our national resources. At one time
"BaiiroadsN-at another "CoaP' sfCopper''
or Iron" and more recently "Oil, have been the
ali-absorbing topics.
In all these several enterprises, as win ie recol-
leeted, those who RIRsT took hold of them made
money some larger amounts than Sthers. accord
ing to their investments
Mining operations in the fields Of Colorado and
elsewhere nol0 mainly engross the public atten-
ton. Considering that several such companies
have been already organized--they are now at
WoIk--that the reports from their mines are high
~ tavCrable-that it is known that at the present
time there are on the way from the ledges Of Ne
vada and Colorado numerous Chars of silver and
"brieks Of gold, il is believed that the enthusi-
asm already manifested on the subject will In
little time, be so greatly increased on the recent
and exhibit Of these returns that innumerabfe
companies will spring up, whose stock, being bas-
ed at the then greatly inflated prices of ledges
viii necessarily be less desirable than that now to
be had-thereby giving to those who avail them
selves of the occasion nov presented Of securing
"original interests an opportunity Of Aen dis
posing Of the large amount of stock each holder
receives, at handsome advance.
With these preliminary remarks the following
Prespectas is respectfully presented.
Tho property Of the Company proposes to be
organized by the sale Of these 9riginal interests
consists of the following Ledges, all situated with
N a radius Of fve miles Of Central City, colora-
Trail Greek District.
NJ Mammoth Lode, ,......of loo feet,
Never Fail Lode, ..........of zoe feet,
Vanderbilt Lode, 200 feet,
SnI9a zoo feet,
9oIo oPhIr Lode,'-..... .,-...,of le0 feet,
Trait Run District
Holman 200 feet,
Banner District.
st. Louis lode, of 100 feet
Pensacola Lede,. leo feet
Upper FAN River District.
Abe Lincoln Lode,..- 200 feet
Washoe laode,..,. of 200 feet
Minnie, -sLouisa Lode, of 200 feet
Riddle Lode. Of 200 feet
Being total Of 2000 feet or nearly a half a
mile in length horizontally, Of rich Gold-produ-
cling territory, of unlimited depth, together with
all the dips, spurs and angles, and also all
the metals, ores gold, silver and other metal
bearing quartz, rock, and earth therein, and all
the rights, privileges and franchises thereto Incl
dent, appendant and appurtenanced, or Herewith
usually had or enjoyed, under and subject to the
jurisdiction Of the Government of the United
States"
The titles to all Of which claims have been ex-
amiaed by membee Of the Bar, resident in Colo
RADIO.
His opinion is as follows
This is to certify that / have carefully examfn-
ed the titles 70 the foregoing lodes or ledges, and
am satisfied that they IRE perfect
THOMAS MASON, Atty at Law,
Central City, Colorado.
The space Of a circular is too limited to give
the opinions of numerous distinguished citizens
and men Of scionce who have examined this dis
tgiet the following extracts relate thereto and
that Of Professor Edward N. Kent in particular
of the New York U. S. Assay Office is directly in
point:
ring an interview with Speaker Colfax, relative
to the hidden wealth Of Colorado, Nevada, &e.,
said
II have very large ideas Of the mineral wealth
Of our nation believe it practically iuexhapsti
ble."
The Hon. J. P upsher, Secretary of the Inte-
Tior, IN the Official Report presented to Congress-
dated December 5th, 1864, referring to the then
present condition Of our Western Territories, SAYS
.'The wealth embedded in the rocks of that exten-
sivs region IS actually inexhaustible, and it win
furnish IN future years, indirectly principal
part Of our means Of liqnfdating the debt con-
tracted BY the Government for the overthrow of
The Great Rebellion
The Hon. H. P. Bennett, delegate in Congress
from Colorado in a speech before The House of
Representatives said Judging from what
know Of the undeyeloped resources Of this eoun-
try; from what am told by practical miners who
are we'll informed upon this subject, 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
1869, the gold fields. of Colorado Territory will
produce S50,000,000 annually and even then its
full resources of mineral wealth in gold alone re-
main not wholly developed. 1 speak from the
united testimony of many practical miners who
have spent many years in the mines of California,
when / say that the gold-bearing region of
Colorado is far more extensivequit as inexhaust-
ible, and the gold-bearlpg quartz Of much richer
quality than in California.
Professor Edward n. Kent, Of the New York
Assay Office, says:
'.As to the extent of the gold mines of Colora-
do, am not prepared to give an estimate MS I
found enough to fully employ my time within
radius Of five miles of Central City, fthe location
of the above Ledges,l but as to the richness of
THEN, have no hesitation in saying, that be-
{iege them 10 be the richest eUer discovered. With
science, capital and the Pacific Railroad, Coora-
do is destined in nay opinion, to rival or supersede
California and Australia, and become the Ell Do
rado Of the World"
The opinion entertained by those abroad of
claims in this district, is shown by the following
extract:
English capitalists have purchased f60O, ,000 Of |
the Colorado mining lands and their agents and |
employees are now eI,sroUte to develop the same |
The claims are principally in Russell and Trad !
districts, and recent purchase has been the Sea-
ton Lode Of 1000 feet for which they paid $780,
GEO.
An idea Of the value of some claims (I00 feet |
each) may be formed when the fact is considered |
that often that they yield millions of dol
lars and hay in several Instances been sold for
S2500Oper foot. Mr.. Fields, from 335 feet of the
Bohteil Lode has taken out already over $500 600
in gold, and S266,000 has been offered and refused
for 345 feet of this same lode, equal to $500 600
for a claim of one hundred feet.
As the purchase of either Of the above lodes |
would require more money than the majority of |
persons have at command, il has been determined |
to consolidate them. and to divide them into |
Twelve Hundred and Fifty
ORIGINAL SHA RES
which viii cost the subscribers hereto
ONE HUNDRED DOLLARS EACH.
thus afording the man Of limited means, as well !
rs the capitalist, opportunity to secure an in
nrps of rfi gita,se