Morning journal and courier., 1881-11-05


 Preferred, Registered, Treasury Stock of the North Horn Silver Mining Company of Utah-Interest at Per Cent. Fer An. mum, Payable in Gold on January and July l. for Six Years, Guaranteed and Payable by the Mutual Trust Company of New York.
 The North Horn Silver Mining Co. pany is organ ized under the of the State of New York, with capital of OOo 900 in 100000 shares fupaid and non-assessable. The comEany has acquired title to the Great Republic Spanish, WoIcott kosa Comstock and vanderbilt mines, e.ubracing more than mile Sbout a25 miles southwest of Salt Lake City. The Spanish mine is only 15oO feet from the Horn Silver Mine, ana the croppings of the North Horn Silver Ledge in many places show width Of 15O feet of vein matter. Concerning the Horn Silver Ledge Pro- Mines and an authority in both this country and Eu rope, says 'The Horn Silver Mine contains the any nU51 mine in the world" And again "rhe Horn ,iiver Mine stands to day having greater an indication of richness of the ledge it may be said that the Horn Silver produced in the first nine teriy Iy dividends T amount to ssoo,oO0
 The properties owned by the North Horn Silver formery snnerintendent of the Horn Silver and his report is indorsed by Professors Newberry and Clay ton: MT. Couch, in his report, says known as the Horn Silver-this name having been applied to the vein from the first location made upot it. and because of the immense unparalleled body of argentiferous lead ore developed therein. s.The surface features or indications If the vein A41oAAU1OhCA opinion indicative of valuable property vein ot ore at no great depth. I know of no vein in the opment of 8 great mine, nor one with the same linn tied developments that feel safe in recommend Silver, with the openings, no comparison. But at depth of hundred feet it had no rival" All of the North Horn Silver workings, consisting of four tu nels and two shafts are now in mineral the Cope Tunnel being in heavy body of rich cop MT J. E. Balnberger, ths well known merchant of Salt Lake City, under date of May 27 1884, writes q arrived here early this morning and visited the mines of the North Horn Silver Company. found and much beyond my tanguine expectations. They are now sinking shaft on the Great Republic, and cross-cuttng the vein of the Wocott Both of these workines are in mineral correspondi with that Of the Horn Silver, and of much more promisins chs acter than the Horn Silver had with the same amount of work. Furthermore the croppings of these mines the those of the Horn Sil yer. The Great Republic and Wolcot5 veins from i5O to2OO feet wide an do think th re is anoth CT vein of this extent in the country tell you that these mines will be the biggest and best ever one who has seen these min 8 confirms my opinion Superintendent Couch is pushing the work with all the country"
 Special Committee sent out by the Board of Direct in July last to examine the property 'We found in the Spanish Tunnel fine showing of low-grads esena ore. This tunnel has been driven Iel gth of 4 feet-an in mineral In the Rrpublic the tunnel has driven 36 feet with the expectation of width of from 50 to 150 feet They are putting down shaft this mine, which has already reached of Lead7ille, we descended the sh fit and found ali the workings in solid body of lowgrade galena ore, improving with depth and very promising. We next visited the Vanderbilt mine, and there found ,un nel which is now in 3s feet tn workings also being in Inin.ral. The next mine visited the Wolcott, which to your committee seems the most promising claim of a In the upper tunnel of this mine, which is now in 25 feet they have struck mineral assayins moderately but the most ipo tant fact is it shows the continuity of the imm-nse vein running through this great property. sev ral hundred feet below we found the Cope Tunnel, which Is 65 feet. This tunnel has exposed vein of copper showing width of from 20 to 25 feet, yielding about 30 per cent in copper. It is proposed to run in 45 feet further and then cross-cu. the vein. IT get the vein here we have it elsewhere, and only noder mines and most valuable properties on the conti nent."
 Since the foregoing report was written further veopments have been made which warrant the belief that with outlay of less than $100 0O0 the compa ny will be able to place the mines in dividendpay ing condition within the coming year.
 The entire amount of the treasury stock of the company remaining unsold (91, 900 shares) having been purchased by syndicate, offer of the is now made for subscription by the undersigned at S2.1 per share.
 By special contract between the Syndicate and the pose has been deposited with the Trust Company to the interest the preferred stock for period Interest will be adjusted to commence on date of The Following is the form of the guaranty of inter and signed by the proper officer of the Mutual Trust Company:
 THE MUTUAL TRUST COMPANY
 OF NEW YORK Will for six years from date hereof pay fifteen cents per share, per annum, the shares represented by this certificate; payable seiannually January 1st and July 1st
 
 
 Fifteen cents per share is equal to 1-1O per cent per annum upon the subscription price
 Allotments will be made in full of amounts of &, 800 and under, and the remainder will be allotted rata for amounts exceeding 2,5O0.
 Checks in payment may be made payable to the der of the Mutual Trust Company Trustee or to the undersigned and should accompany the subscription November. 1884, at o'clock p. m and the alfotments made on the following day.
 Applications may be made to
 THE MUTUAL TRUST COMPANY,
 115 Broadway, New York.
 
 THOMAS J. HURLEY & Co,
 IS Wall street, New York. Where maps, reports and full information be ob- tained. n5 4d2w