The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-03-13
GOLD AND SILVER MINING.
RICHEST IN THE WORLD!
Hubbell and Patton Gold
and Silver Company,
OF THE

CITY OF 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 leet on the ALTA, GRIZZLY, and HOME
dlC CkEI LODES, and many tons of the Gold
Ore nave been tested by Arastra Mills Stamp
Mills, and by assay.
It's average Yield was S08, gold. per ton. bv
stamp mills and the taillngs, which are loss,
assayed 500 per ton. IL assays regularly about
$3.50 per ton. The Hubbell and Patton Machine
takes out 95 per cent. of the gold-an immense
Item. One of these double machines is about
ready to ship to Montana. They take out a
harrison boiler, and two thirty horse power
engines. They are positively prepared to mine
out 5000 tons Of ore fn thirty days which should
yield at least S5OO.OOO They have secured q large
water right and mill lot for their operations on
trout creek, at the foot OF their mines. New
~ ioTk oity OF Montana lies on the opposite side
OF Trout creek. Their capacity for work with
only one mill the coming Beason, will be to take
out about Million of Dollars in gold. The
amalgam OF gold comes here to be refined. The
mines are paid for in stock, at par The titles
are perfect.
This Company offers greater Inducements
freefrom risk, than any other corporated Com.
pany ever organized, exclusive of the protectors
being gentlemen Of the highest respectability,
thoroughly scientific, and practical miners and
machinists-(See PrOSpectuS.)
Capital, 81, ,OOO,0O0 in 200 shares at $50 each.
Only 25OO Shares Preferred stock.
The only stock to be disposed of is $500 shares
preferred. TO be used exclusively as a Working
Capital, issued at 800 per share, full paid liable
TO no further assessment, and to be subscribed
only upon the following conditions
lst That said S50,O0O subscribed in currency
on the preferred 2500 shares shall be returned
In gold, as dividends on said preferred stock
out of the first 100000 net produced by the
Company.
I'd. 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.
Sd. That said $4,000 shall be deposited in the
best National Bank of Philadelphia and no
part thereof can be drawn or used unless by
authority and approval of the Board of Di-
rectors ...'
4th. That officers of the Company receive no
salary or emolument whatever until the said
S5O0OO Is paid back to the subscribers in full in
gold.
5th. That the Hubbell and Patton Crushing
Machine and Amalgamator, immensely valuas
BILE inventions, belong to this Company ex-
pressly. No other Company has been privileged
TO use them. The crusher's wonderful power
eqnalling a mill of forty stamps in tons reduced
and releasing by its superior pulverzation
about twice as much gold per ton; a forty stamp
mill would cost 100000. This machine cost but
S50O0.
9th. That said $500 shares preferred stock.
with It's dividend, is a better security than a
first mortgage on the immensely valuable mines
and machinery of the Company.
7th The mines of this Company, from ascer-
tanned 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, ,555, 400
This is undoubtedly the most profitable in
VeStmeht ever offered. Call for q Prospectus.
The Preferred Stock is for sale at their BAN
ker's. [2N