American citizen. [volume] (Butler, Butler County, Pa.) 1863-1872, 1866-10-17

The winnebsgo Ledge. a..... Twelve hundred feet
" Union Ledge One thousand feet
=" Rod Jacket Ledge, ,.......... One thousand feet
Nablshaw Ledge, Eighteen hundred feet
" uglbwa Twelve hundred feet
Maminvlt tonistock ledge ,.Eighteen huidred fest
Yellow jacket Ledge, ,........0 One Thousand feet
" Dccotah Iesige, Twelve hundred feet.
- Comet tLedge................One thousandd feet.
=" Lcviutlian Ledge, ,..........-Ei Eighteen hundred
Emerson ledge One Thousand fee
:. LKDGES ~ NORTH UNION DISTRICT.
The Hamilton I.slge, Twelve hundred feet
:. Hamilton "a Ledge, ........-.Tweye hundred feet
gbws Ledge, ........,......T Twelve hundred feet.
" psssa nsso,ah e. hundred feet
3" Rushuei Tx. Ledge. ...... Twelve hundred 70 ct
Forest oneen Tx Ledge....., Twelve hundred feet
ponS TX. .Le''ge,: .A....1T Twelve hundred feet
The Officers and Boz ri Of Directors Of this CoInpany
present the aboys combination Of twenty rich and val.
able Silver Lodges comprising twenty-five thousand
feet which they confidently believe embraces pronnr
ty for profitable silver mining unsurpassed by any on
the Taetc coast.
This property was see, It'd and located by practical
and experienced miners. among the first In North Union
and Mammeth which justly regarded among tho
best silver mining distrets In the State, account Of
the richness Of the the width Of the veas the fno
timber on the mounian and the salt basins and grass
in the valleys.
This Company do not design to set forth statement,
that viii not he verified and prefer under atln1
what they believe Tho results will prove Faei Is an
item Ut great expense In Of the districts Tho
Cury, Ophir, Savage a,l other celebrated mines in
Washpe are ayiug from fifteen 10 twenty dollars per
cord for wood. twen,y stamp mill will consume NJ
to s225 per day. Ia tho Munmoth and North Union
districts il would be simply the cutting 81 per $50
per day There large Saving this Il m In the
nsumriion Of salt, which is arg ly uged In mining
operations, the saving would be less than $50 per
day over nany othe districts In these two items there
is an advantage in cost u running twenty stamp mill
In these dstt cts which would make handsome yearly
profit Of itself
1t is not the intention Of the Comnany 10 work ali this
property at the present time, but to hold reserve
for fGtuI disposition. cithe form rat of IL into
other organizations, or to erect other mills may be
1uaFu avs fuan eta.
selected lode will pay large dividend the capital
the IA Il working year, and leave reserved fund in tho
treasury, TO beappled o. the erection u another mill
This Company intend % erect fTstelass mill near
the wrnebngo lode hich is four and one-hsIf feet
wide ands considered Of the richest silver Lodges
in Nevada and will afford nm ample supply Of for
twenty y-stamp mill. -. q
Professor Bi iuchly who is scientific, ,liabc, and
very cautious gentleman, says Of this lode:
q This is strong we lrfned vein. sto,otng every
fHdfcatton Of dcptt and pernidnsnee. TIE ore Is Of
gre9t re're's, and ngsH diGased erou: hut the rein
md all The ore ioiH pay Or toorkind from hs uery sa
6aee. This Is rtry rzaaJe HfHe and be made 10
pay .(ron he tegiHHfHg" A. BLareHLY.
Mining Engineer
It more than doubtful ir Professor Bstcy speaks
in these terms of any other mine in Nevada
twenty stamp mill can crush twenty tons per day !;
but say tht it cruzhes Is tois per day (cOice spec
mems from the Winnebgo lode has assaysd .lf3l per
ton) It low estimate to say that il will give an ay-
erage yield of $50 per ten, taken II from tho
vein Fifteen tons per day wonld yield $3.50 the exs
penses erushingin these districts will exceed s31
ton. or $50 for ID tons leaving net profit Of $500
for mill.
This statement may seem large, but II is proven
the results Of other mills in districts lees farorably
Gated We confidently believe there Is no other inv ~
ment will pay such large returns rs silver prone :.
when we'll located, and the mills properly managed
The managing director is experienced practical
silver worker In all il eiais he in the pr of
life, Of excellent habits aud ndo tabe energy s has
been loag anil favoraby hno to Prcslent GOV.
Ramsey, aud 70 Mr.. Frank -ieel, Of the BoaFd OF
Directors an with whose gool opinion Of Mr. Uan,iI
ton, the Hon. A. w Ronda ASH ant Postmaster
Generai and dov Farw-l OF Wisconsin, also Col Bur
hank Of Minnesota fully lie OF the dis
eoverers q fh- property and s geiy Interested In
aud will certainly take great pde In dschargng his
duties prom tiy ID econoDcair and IN such man.
nef as to nuke the Company slycess which bears his
1 name.
Trustworthy and competent clerk goes ont with n,
/ ma lager financial agent.
The plan Of organization Of this compapv oas,. .
cnliar to the subscribers II ivss shern a.
enrity IS them large interest upon their Ina,ev
and prov d. for It's reimbursement inn orr tir
Ing THEN sieir interest in the stock FIRE of cors
| Tue Company for tho treasury sa5o n N =,
T9h OF stck ssd Will sell 10 600 shares al M,
value Of 500 fuh plid. Thee Eaty tbousand - - -
are prsfered stock to bear y per cent dvidgnJs ne
aaHum out OF the arst earnings Of the mines until r.
par vIiuo s refunded 1t also shares in IlyienJs a.
the eginon stock all profits af tbeiines over ami av
twenty hvo per ceAt. the Company ressry ne be =; IN
tore'eem this prefer red stock at any time by tie 81
ment OF the par value thereof ou Interest The ,,ra
erred stock alter It shall have been paid by dviendso
twenty nvs ger cent otherwise, take rIe Wit
the common stock, will share all profits Of the mir
equally. nus
Ihis equitable plan Is evidence of the good 6th :
ihis Company and their confidence IN The py..art
guarantees te the sub criber the whole prortty snJ -;
proveneps tor the payment Of the prefer ed stock ~
insaFes the ayment Of it speedily leaving bis s a
IN the Company without cost No other stock viii 4
sold, except ing the freferrea stac K until H. ~ Z
mnss pay dividends. N''NPshy
Thss Company have liberal charter rrantsa - 80.
cei act az tue Legslufe of Pennsylvania. Tb' M
20 thls pFpperty has been llly examined st -
sSuhcea od Iae proiuet ef rilyer miBes $ Iisfsr
Ion non coal copper, or lead, which arc uf.asnss
py .ne anfia'ia1F II the market. The pfeeio',s ~
ais are tie s:ludasd If value iel ono :, ~
have no market to seek hut mix, ,,ts n .hs
Jas i. MoJuDkir, Esa., TrareIin
ASs}t SsI ,sS i9 Jake subscriptions.