American citizen. [volume] (Butler, Butler County, Pa.) 1863-1872, 1866-08-22

.-.s. s..t
Red Jacket Ledge, ,............One thousand feet.
Wabashaw Lodge, ,,,..,....., Eighteen hundred feet
0Jbwa Ledge,....,......... 1welvs hundred feet.
Mammoth Cumstoek Ledge, Eighteen hnn1red feet.
Yellow jacket Ledge e....... One Thousand feet.
Decotah Ledge e..............fwelye hundred feet.
- Comet Ledger,..r ihOuslndd feet.
LeviRthan Ledge, ,....,....... Eighteen hundred
Emerson Ledge.............o One thousand fee
LEDGES IN NORTH Ui{LoY District.
The Hamilton ledge, Twelve bundled feet
- Hamilton Ex. Ledge, Twelve hunlted feet
% ojbwa Twelve hundred feet
:, Decoah Ledge....... hundred feet
g Grass Valley Er Lcdge,.... Twelve hundre feet
/" Bushnoif Ex. Ledge .s... Twelve hundred feet
&C ForesbQueen Tx. Ledgc..".Tweve hundred feet
" Pony Ex. Lcige, Twelve hundred feet
The Officers and Board Of Directors OF this Company
present the above combination of twenty rich aud yalu-
able Silver Lodges comprising twenty-five thousand
feet, which they confidently believe embraces proper
ty for profitable silver mining unsurpassed by any
the Pacific euast
This property selected and located by practical
and experienced miners among the first In North Union
and Mammoth, which arc Justly regarded among the
best silver minng districts in the State, account of
the richness Of the ores the width Of the vos the me
timber the mountain, and the salt basins and grass
in the valleys
This Company do not design to set forth statements
that will not be verified and prefer Understanding
what they believe the results will prove. Fuel ia
item OF great expense In many Of the districts The
Curry, Ophr, Savage. apl other celebrated mine in
Washoe, are tayng from fifteen to twenty dollars per
cord for wood. twenty stamp mill will consume hf-
teen cords Of wood per day. at SIS per cord amounting
to s225 per day. In the Mtminvth and North Union
districts It oald be simply the cutting, 81 per cotd
per day. There is large saving this item. In the
assumption Of salt, which is larg ly used in mining
operations the saving would be less than $50 per
day over many other districts In these two items there
is advantage in Of running twenty stamp miII
in tLese districts which would make handsome yearly
profit 0f itself.
IL not thd intention Of the Company to work all this
property at the present tme but to hold II in
for uredisPoslion. either g form part of it into
other organizations or to erect Other mills, may be
deemed expediept. A twenty stamp mad near we'll
selected lode viii pay large dividend on the capitI
thest wo king year, and leave reserved fund in h
treasury, to beapped h the erection of another mill
This Compuy intend TO erect frst-cllss mill near
the Wiunelrg0 lode, which is four and oHe-htif feet
wide and considered of the richest silver Lodges
In Nevada, and will afford an ample supply Of orc Tor
twenty-stamp mill
Professor Biatehly who is scientific reliable, and
very cautious gentleman says Of this iole
q This is strong welldefned yen shouting suery
indication Of deptH and psFasaasHcs. The is 0f
and all he ore qCiH pay for 9orkfn5 from he very
faee THIS is a rery ratHdbs mine and be made 10
pay from he begiHEing.p i. BLArcHLY.
Mining Engineer
more than doubtful Professor Blachly speaks
In these terms Of any other mine in Nevada.
twenty stamp mill can crush twenty tons per day;
but say that it erushes l5 tons per day. choce spect
from the Wiunebago l1de has assayed Sli3i per
tom. it is low estimate to say that It viii give an av-
erage yield of st0 per ton, taken il comes ON the
veia. Fifteen tons per day would yield $3.50 tho ex
peses Of crushing these districts will exceed So
per ton $50 for IS tons, leaving net profit of $500
for working day or monthly profit of over $4,000
fr mill.
This statement may seem large, but il Is proven by
the results Of ether mills in districts less favorably 10.
Gated We confidently believe there is other invest.
ment will psy such large turns silver property
when we'll located and the mills properly managed
Tho managing director experienced and practical
silver worker In all is "details he in the prime If
life, of excellent habits and ndomitabe energy he ha,
been long and favorably known to President Gov
Ramsey, and to Mr. Frank Steel, one Of the Board of
Dire tors and with whose gJot opinion ~ MIR Hamils
ton, the lion A. w Rondal First Assistant postma tsr
General and Gov. Farwel, OF WscJ1sin. also Col Bur
bank of Minnesota fully eoncnf iie Is one OF the dis
cuverers Of this property ani agely interested it
and will certainly take great Pride 10 dlscharins hi,
duties promptly aud economicaIr and ia such man
to make the Company slycess asheh bears his
name.
trustworthy and competent clerk goes out with the
ma iager as IN seifi agent.
The plan Of organization Of this Company o1tr, pc
cuiar adv antages 70 the subscribers It gives them
curity, insures them la Interest upon their
and provides for its reinb In s OF time leay
ing them their interest in the stock free IF cos.
The Company reserves for the treasury $3500g9 or
T001J shares of stock and will sell 1000 shares at par
value OF 500, full paid These forty thousand shares
preferred stock 70 bear . per cent dividends per
aHnum out of the first earnings Of the mines until III
par value Is refaaded II also shares in divions WITH
the common stock all profits Of the mines above
twenty-five per cent the ComT any resersing the right
to reeem this peoTred stock any time by the pay
ment Of the par value thereof ou mt rst- The pre-
iered stock alter shall have been paidby divdendso
twenty five per eeni otherwi-e 70 take gradewith
the common STICK wall share all profits Of the mifes
equally. e4sa-f~ ssssa
This equitable plan is an evidence Of the good faith Of
this Company aud their confidence IN the property 1t
qua te tlesubscfber the Whole property and i
pruvements payment Of the pteerrel stock aed
insures the pay ment Of t speedily leaving his interest
In the Company without cost NJ other stock will he
Sold excepting the drefcrT sdstoe up; the Compan >
mines pay dFislepds.
This. o onpany have liberal charter granted by spe.
cial act n ,heLegisIalure Of Pennsylvania The tle
TO us property has born carefully examined and pro
nounced good. The prouuct Of silver mines dfe
from iron, coal copper Lead, which influenced
by tho f.unctuatf ns Of the Market Tho precious
ais the standard Of value once pfoducod they
have market to ma he thie their fnak kat
Jas 7. McJuDkin, Esq, Ira teling
AGENT to take subscriptions.
July lsth ISL -