Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1867-04-27
STOCK TRANSACTIONS.
IRrrosrrp DAILY sT n. 4. ,LAoo. sAsErr-l
SAN FRANCISCO, April FLIP. n.

| Savage. 1880 90
| Cboliar-Potosi, -------- 525 90
| Rull;on. 60 90
E,cbeoner. 8 90
AInha --------.--- 426 90
Imperisl, 272 90
Emnire. 1913 90
| Confidence 60 90
| YeIlow Jacket. 1850 90
Gown Point. 1870 90
RsIcbsr $50 90
| Overman. 80 90
A Danserous Montana "Wild.Cat" In
Philadelphia.
We observe in the Philadelphia Neos
a long "~sensation" advertisement as to
the Hubbel and Patton Gold and Silver
Company Of that city, and its mines in
| Montana, which we consider it u duty
to briefly notice. In great display let
ters and figures, it informs the reader
that Montana is the richest Gold Region
in the Worlds statement rather
sweeping to commence with-and that
her sicredited production last year" was
1918, oOo, 900 in gold" but that her
".ctual production last year. was
1888, 900, 900, exceeding California, Ne
vdda, Colorado, Austrdlid, etc." Regular
readers of the Journal Of Mining are of
course aware that the yield Of Montana
in 1866 wal Sic, O00, 900; and they will
laugh outright at the ridiculous assump-
ton Of more than double that amount
as her "actual yield" and at the un-
blushing presumption which places her
at the head of all the great gold-pro-
ducing regions Of the earth. But there
are thousands Of occasional readers in
Philadelphis and elsewhere, who are
not quite so we'll informed on such
subjects rs they would be were they
constant readers Of this paper, and we
desire to warn all such against investing
in any scheme like the one under consid-
GRAFTON. 1t starts out with falsehood at
it's head, and how al any SAINT person
expect to find much truth in its neither
parts? Perhaps, however, we can
evolve a little .therofrom. Let us sec:
After these flaming and deceptive head
ings, the advertisement calls the atten-
| ton Of capitalists and others to the
magnitude, legitimacy and unparal-
!eled f~airncss"--not "of the mining ops-
ration" but-'of the following guaran-
teed stdtement." As to the '~fairness'
| we shall allude to that anon; as to its
Legitimacy" what we have already
written casts a decided cloud upon it;
but rs to the magnitude" Of the state
ment. there cannot be a shadow Of a
doubt. In fact, "tho statement" is Of
| far greater magnitude" than the facts
Seem to warrant. Following is the
body OF the advertisement, which we in
sert gratis:
"This Company is founded upon the
ownership of II $50 feet Of Gold Lodes
Including 900 feet Silver Lodes) in
| Montana Territory, with perfect titles
paid in stock, 1850 feet being situate
| on Trout Creek, the richest district in
the Territory, yielding $3.50 to the ton
assay, opposite New York city, within
twenty miles of Helena City. Capital,
So, 200, 900, in o 1000 shares at $50 each.
The only stock to be disposed offs 2.
500 shares preferred, to be used exclu-
sively as q working capital, issued at
$40 per share; full paid, liable to NO
further assessment, and to be subscribed
only upon the following condition:
LIST. That said $780, 900 subscribed in
currency on the preferred $500 shares
shall be returned in gold, as dividends
on said preferred stock, out Of the first
$500, 900 net produced by the company.
I'd. Tha. said company shall have
.L:..- lr.oa-o anlar thain chorfar
nine of whom, out Of said thirteen, shall
be elected from the subscribers to tho
said $500 shares of preferred stock.
Sd. That said $50, 900 shall be dopos-
tied in the First National Bank of Phil
adelphis, and no part thereof can be
drawn or used unless by authority and
approval of the Board Of Directors.
4th. That officers of the company re-
ceive no salary or emolument whatever,
until the said $50, 900 is paid back to
the subscribers in full, in gold.
5th. That the Hubbell l. Patton Crush
ing Machine and Amslgamator, i'm
mensely valuable inventions, belong to
this company expressly. No other COM
pany has been privileged to use them.
| The crusher's wonderful power equals a
| mill Of forty stamps in tons reduced, and
releases by its superior pulverization
about twice as much gold per ton. A
| forty stamp mill would cost about $780,
900 !; this machine costs but ST, 1000.
9Th. That said $500 shares preferred
stock, with its dividend, is a better Sc
curity than q first mortgage on the i'm
mensely valued mines and machinery of
the company.
7th. The mines Of this company, from
ascertained facts, as to width and rich
ness of the lodes Of 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 5000 per
yard, amounting to S265, 555, 400.
Tho $500 shares to be disposed Of OF
$50 per share, when disposed of, will
bring in $50, 900 in g%reenbacks. When
that amount is on hand the 20, 900 shares
will have q market value Of $3.50 per
share, and the persons who hold tho IN
preferred" 1880 shares a sell out
at that rate, and thus clear $40, $50 by
the operation This they could do
whether there wal any bottom to the
mines or not. A very pretty " specula-
ton truly. As to the four first sec
tions, they amount to nothing at all
il the mines are not valuable. As to
the fifth, we never heard of the
Hubbel and Patton Crushing Machine
and Amalgamator," nor of its "wonder-
full power" nor do we believe that any
machine, costing but S., 900, q do the
work Of a Slo0,ooo forty-stamp mill.
That is sheer nonsense. However, we
do not doubt that the company's mines
have been "estimated'' to contain to the
depth of only 1000 feet, at least 1921, III
cubic yards Of ore, which will yield
about 5000 per yard, amounting to
$685., 555, 400" We have no doubt but
that such an estimate has been made,
nor do we doubt that the person making
it was an impostor. The whole thing
is plainly q scheme to swindle the peo-
pie out Of their money, and we believe
that neither the "mines' nor the tina
chinery" are worthy of attention. Mon
tana has gold and silver mines rich as
any in the world perhaps, and plenty of
them but these particular ones do not
seem to have "the ring Of the true
metal" Indeed the advertisement itself
acknowledges in section si1, that both