Morning journal and courier., 1881-11-09
THE MUTUAL TRUST co.
 OF NEW YORK.

THE MUTUAL TRUST co.
 OF NEW YORK. The North Horn Silver Mining Co, pany is organ capital of s4 coo in 4Oo0oO shares fulpaid and non assessable. The comrany has acquired title to and vanderbilt mines, e..bracing more than mile of the famous Horn Silver Ledge near Frisco Utah, Spanish mine only 15O0 feet from the Horn Silver Mine, ana the croppings of the North Horn Silver vein matter Concerning the Horn Silver Ledge Pro lessor J. s. Newberry, of the Columbia School of rope, says .sThe Horn Silver Mine contains the most valuable body of silver ore known to exist in Silver Mine stands day as having greater tained value than other silver mine known" As said that the Horn Silver produced in the first nine months of this year nearly S,,1O0oo; and the quar-
 The properties owned by the North Horn Silver Company have been reported on by Thomas Couch, formerly superintendent of the Horn Slver and his report is indo sed by Professors Newberry and Clay ton. Mir. Couch, in his report, says:
 'tEach of these claims embraces part of the vein known the Horn Silver-this name having been applied to he vein from the first location made upon argentiferous lead ore developed therein.
 s.The surface features Indications Of the vein opinion indicative of valuable property vein of ore at great depth. I know of no vein in the West that exhibits features favorable to the deye opment of great mine, nor one with the same linn tied developments that feel so safe in recommend to the pubic. far-faIneQ ne1ghhOr. the Horn Silver, with the same openings, was no comparison But at depth of one hundred feet it had rival"
 All of the North Horn Silver workings, consisting of four tn nels and two shafts now in mineral the Cope Tunnel being in heavy body of rich cop
 Mr J. E. Bamberser. tha well known merchant of Salt Lake City, under date of May 1884, writes cerning this property:
 mines of the North Horn Silver Company. I found the developments in most satisfactory condition, and much beyond my Eangu1ne expectations They now sinking shaft on the Great Repub1ic and cross-cuttng the vein of the wolcott Both these workings are in mineral correspondi: with that of the Horn Silver, and of much more promising character than the Horn Silver had with the same amount of work. Furthermore. the croppings of these mines the those of the Horn Sl- yer. The Great Republic and Wolcott veins from 15O to POO feet wide and do not think the is anoth CT vein of this extent in the country I tell you now that these mines will be the biggest and best ever opened and fully equal to the Horn Silver. Every one who has these min confirms my opinion. Superintendent Couch is pushing the work with all possible speed and he is the most competent in the country"
 The following extract from the report of the Special Committee sent out by the Board of Direct ors July last to examine the property 'sWe found in the Spanish Tunnel a fine showing of low-grade galena This tunnel has been driven length of 34 feet-an in mineral. In the Republic the tunnel been driven 36 feet with the expectation width of from 50 to ISo feet They are pgtne down a shaft also this mine, which has already reached of Leadville we descended the s aft and found ali the workings in solid body of lowgrade gaena ore, visited the Vanderbilt mine and there found tun- nel which Is in 38 feet, tha workings also being in mineral. The next mine visited was the Wolcott which to your committee the most promising claim of all In the upper tunnel of this mine, which is in 20 feet they have struck mineral assayng moderately; but the most impo tant is it shows the continuity of the immense vein running through this great property. Several hundred feet below found the Cope Tunnel which is in 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 in 45 feet further and then the vein. If get the
 vein here we have it elsewhere, and only noder- ate grade of will have of the largest mines and most valuable properties on the conti- nent."
 Since the foregoing report was written further de-
 velopments have been made which warrant the beiei that with outlay of than S10o OO0 the conpa ny will able to place the mines in diyidend-pay ing condition within the coming year. 1he entire amount of the treasury stock of the company remaining unsold (91, 900 shares) having
 been purchased by syndicate, offer of the same
 is now made for subscription by the undersigned al
 By special contract between the Syndicate and the
 Mutual Trust rust Gompany f1nq S sufeent TOT the pur
 the interest the preferred stock for period of six years.
 Interest will be adjusted to commence on date oi subscription.
 The following is the form of the guaranty of inter est which is printed upon the face of the certificates
 and signed by the proper officer of the Mutual Trust Company:
 THE MUTUAL TRUST COMPANY OF NEW YORK Will for six from date hereof pay fifteen cents
 per share, per annum on the shares represented by this certfcate payable semi annually January Isl and July 1st.
 Treasurer. New 4Ork-- -lSSl. Fifteen cents per share is equal to 1-1O per cent per annum upon the subscription price. Allotmets will be made in full of amounts of $2,
 500 and uner and the remainder will be allotted prc rata for amounts exceeding $2,5O0. Checks in payment may be made payable to the or der of the Mutual Trust Company, Trustee, the
 undersigned and should accompany the subscription Subscriptions will be received until the 2Oth day o November, 1881, at o'clock p. m and the allotment, made the following day.
 Applications may be made to
 THE MUTUAL TRUST COMPANY, 115 Broadway, New York. to
 THOMAS J. HURLEY x Co.,, IS Wall street, New York.
 Where maps. reports and full information can be ob tained. n5 4d2w