The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-03-18
GotD AND SILVER MINING,
DINIpEN NDS IN GOLD
FROM THE GOLD MINES OF
MON T.ANA TERRITORY.
nhnhEGa IA HnE AAAn
RICHEST IN THE WORLD!
Hubbel and Patton Gold
and Silver Company,
OF THE

CITY or PHILADELPHIA STATE OF PENNA.,
Have secured the largest and most valuable
opened Mines in Montana, being the original
discovery claims. They have three shafts down
6O feet on the ALTA, GRIZZLY, and HOME
~ ~ kET LODES, ana many tons Of the Gold
ore have been tested by Arastra Mills, Stamp
Mills, and by assay.
It's average yield was s9S, gold, per ton, by
stamp mills; and the taillngs, which are loss,
ssssayed S2OJ per ton, II assays regularly about
SZ5O per ton. The Hubbell and Patton Machine
!akes !,.es out 30 per cent. of the gold-an immense
lttm. One Of these double machines is about
ready to ship TO Montana. They take out
harrison boiler, and two thirty horse power
engines. They are positively prepared to mine
out 1900 tons of ore in thirty Gays which should
yield at least S500000. They have secured a large
water right and mill lot for their operations on
trout creek at the foot of their mines. New
YORK city of Montana lies on the opposite side
Oh Trout creek: Their capacity for work with
Only one mill the coming season, will be to take
out about Million of Dollars in gold, Tine
amalgam of gold comes here TO be refined The
mines are paid for in stock, at par. The titles
Ibis Company offers greater Inducements.
Ireetrom risk, tnan any other corpoTRted Com
pany ever organized, exclusive OF the projectors
being gentlemen of the highest respectability
thoroughly scientific, and practical miners and
machinists-(See PToSpectttS.)
Capital, 81 600, ,0OO in 20 900 shares at $50 each
Only $500 Shares Preferred stock.
The only stock to be disposed of is 300 shares
! preferred, to be used exclusively as a Working
Capital, Issued at $40 per share, full paid liable
| only upon the following conditions
lst. That said S5O,OO0 subscribed in currency
| on the preferred $500 shares shall be returned
! in gold, as diVtdC nds on said preferred stock
| out Of the first 100000 net produced by the
| Company.
%. That said Company shall have thirteen
| Directors under their charter, nine of whom
| out of said thirteen, shall be elected from the
subscribers to the said $500 shares of preferred
| stock.
3D.. That said $4,000 shall be deposited in the
best National Bank of Philadelphia, and no
part thert0i can be drawn or used unless by
| authority and approval of the Board of d.
| rectOrs.
9TH. That officers of the Company receive no
! salary or emolument whatever, until the said
$4,000 is paid back to the subscribers In FULL in
| gold.
5th. That the Hubbell and Patton Crushing
! Machine and Amalgamator, immensely valua-
| bic inventions, belong to this Company ex-
| pressly. No other Company has been privileged
| 10 use them. The crushers wonderful power
equalling mill of forty stamps in tons reduced,
| and releasing by its superior pulverization
| about twice nS much gold per ton; q forty stamp
mill would cost 100000. This machine cost but
| 5000.
9th. That said 25OO shares preferred stock,
| first mortgage on the immensely valuable mines
! and machinery of the Company
| 9Th. The mines of this Company, from ascer-
| tatned facts, as to width and richness of the
| lodes or ores, are estimated to contain, to the
depth of only 1000 feet, at least l,327,777 cubic
yards OF ORE which will yield about $500 per
| yard, amounting to S265, SD. 400
This is undoubtedly the most profitable in-
vestmeht ever offered Call for Prospectus.
The Preferred Stock is for sale at their Ban
NO. go SOUTH THIRD STREET,