The Portland daily press., 1881-11-05
$1,000 Shares .
Preferred, Registered, Treasury Stock
OF THE
North Horn Silver
MINING COMPANY
OF UTAH.
INTEREST AT PER CENT PER ANNUM,
PAYABLE IN GOLD ON JANUARY L AND
JULY 1, FOR SIX YEARS, GUARAN
TEED AND PAYABLEBY
THE MUTUAL TRUST co.
OF NETWORK.


lied under the laws of the State of New York, with
capital of 81 600 600 in 40, 600 shares full-paid
and -assessabe. The company has acquired title
to the Great Republic, Spanish Wolcott, Rosa, Com
stock and Vanderbilt aines, embracing more than a
mile OF the nous Horn Silver Ledge near Frisco,
Utah, about 225 miles southwest OF Salt Lake CITY.
L he Spanish mine Is only 500 feet from the Horp
Silver Mine, and the groupings of the North Horn 81
Ledge in many places show width OF DO feet OF
vein matter Concerning me aorn SlSsr Lsagy
OF Mines and authority in both this country and
Europe says: "The Horn Silver Mine contains the
most valuable body Of silver ore known to exist IN
any mine in the world'' And again: 4'sThe morn
Silver Mine stands e day as having greater ascer
AS al indie .tion of the richness of the ledge it
NAV be said that the Horn silver produced In the
first nine months of this year nearly 81 100 600
and the quarter v dividends amount to S3OOOOO
The properties owned by the North Horu Silver
Company have been reported on by Thomas
Couch, formerly superintendent OF the Horn Silver
and his report is Endorsed by Professors NeWDerry
and Clayton. Mr. @ uch, in his report says;
Each OF these claims embraces part OF the vein
known as the Horn Silaer-this name having been
applied to the vein from the first location made
uponlit, and because of the immense unparalleled
body of argentiferous lead ore developed there
"The surface features or indications of the vein
trayersng the several clsims mentioned are, in my
opinion indicative Of valuable property or vein OF
ore ut no great depth. I know of no vein in the
Westhst exhibits features favorable to the deve
opment of great mine. nor one with the same
limited developments that feel SO safe In recon-
Horn silver, with the same openings, was no COM
parison. But at depth Of one hundred feet it had
no RIVAL
of four tunnels and two shafts, are nov in mineral
the Cope Tunnel being in heavy Dodysof ricn
copper ore.
of Salt Lake City, under date of May ~, 1881,
writes concerning this property:
81 ARRIVED here early this morning and visited the
mines of the North Horn Silver Company. found
the developments in mos satisfactory cond1tlon
and much beyond my sanguine expectations: They
are now sinking shaft on the Great Republic, and
prosecuting the vein of the Wocott Both Of these
workings are in mineral corresponding with that OF
the Horn Silver, and of much more promising
character than the Horn Silver ever had Win sne
OF these mines are the same rs those of the Horn
Silver. The Great Republic AMI Wolcott veins are
from so to 200 feet wide, and do not think there
ia another vein Of this extent in the country. Ite
YOU now that tn ese mines will be the biggest ana
best opened and fully equal to the Horn Silver
Everyone who has seen these mines co nnrms my
opinion Superintendent Couch is pushing the
work with all possible speed, and he is the most
competent man in the country
The following is an extract from the report OF the
Special Committee sent out by the Board OF Direc-
tors in July last TO examine the property: I'VE
found in the Spanish Tunnel a fHe showing OF low
grade galena ore. This tunnel has been driven q
length of "a feet-al in mineral. In the Republic the
tunnel has been driven SO feet with the expectation
of crosscutting the vein, which BY the eroppngs
putting down shaft also on this niue, which has
already reached a depth of 80 feet. In company
with MIR. Tim Foley, of LeadvIile, we descended ing
snaI ana na1ama nr e0 mnrovns with denb AND
yery promising We next visited the Vanderbilt
mine and there found tunnel, which Is now IN SO
Ieet Inc s w vi fb sV wolna which to
mittees GEMS the most promising claim of all. In
the upper tunnel o, ms mine, wn,c nGw
ises, lney Law ;, o ren fct e r. bnss tbe conf
,;tv Of fine immense vein running through this area
nronerty Several hundred feet below we tOunG
the Cone Tunnel which is now in 65 feet. This tun
nel.has expose la vein of copper ore showing q
yif,th Of from 20 to 25 feet Welding about 80 Der
cent in copper. 1t is proposed to run in 40 feet
further and then cut the vein. If we get the
veinhere as we have It elsewhere anu oniy n nss
;,ss and msf ysuable nronertes on the cont
nert.'
Since the foregoing report was written furtne
he,;as ta1 ~, o"tav nf ess than S1oo 900
the company, will be able to place the mines in
dividend paying condition within the coming year
The entire amount of the treasury stock Of thu
company remaining unsold (91,o shares) having
been purchased by syndicate an offer of the same
is now made for subscription by the undersigned al
80 10 per share.
By special contract between the. Syndicate an
the Mutual Trust Company, fund sumclent ~
the purpose has been deposited with the Irus
Company to cover the interest on the preferre
stock for period of six years. M
subscr;ntion