Morning journal and courier., 1881-11-07
THE MUTUAL TRUST CO.
 OF NEW YORK.

\ The North Horn Silver Mining Co pany is organ ized der the laws of the State of New York with capital of O0O 600 in 4OO 900 shares, fullpaid \ oon-assessable The com any has acquired title ts the Great Republic, Spanish. Wocott Rosa, Comstocl and anderbnt mines: e.-nTac1ng more than a mile about 225 miles southwest of Salt Lake City. The spanish mine is only oO feet iron the Horn Silvel Ledge in many places show width Of l5O feet oi vein matter Concerning the Horn Silver Ledge Pro Mines, and authority in both this country and Flu rope, says; 'I he Horn Silver Mine contains the any mine in the world" And again: ''The Horn ,ilver Mine stands to day as having greater ascer indication of the richness of the ledge may be said that the Horn Silver produced in the first nine months of this year nearly g. 1u00O0 and the quar- terly dividends amount to $3O0,000
 The properties owned by the North Horn Silver Company have been reported on by Thomas Couch formerly superintendent of the Horn Silver, his report is ndo sed by Professors Newberry and Clay ton. Mir. Couch, in his report says:
 s'Each of these claims embraces part of the vein known as the Horn silver-th1s name having been applied to the vein from the first location made upon It. and because of the immense unparalleled body of argentiferous lead ore developed therein.
 'tThe surface features indications If the vein traEersing the several claims mentioned are, in my opinion, Indicative of valuable property vein of ore at no great depth. know of no vein in the West that exhibits features favorable to the dsve opment of great mine nor one with the linn ired developments that feel so safe in recommend ing to the public. IS far-famed neighbor, the Horn Silver, with the openings, was comparison. But at depth of one hundred feet it had no rival" All of the North Horn Silver workings, consisting of four tn nels and two shafts, in mineral the Cope Tunnel being in heavy body of rich cop MT. J. E. Bamberger. ths well known merchant of Salt Lake City, under date of May 1884, writes
 II arrived here early this morning and visited the mines of the North Horn Silver Company. found the developments in most satisfactory condition, and much beyond my sanguine expectations. They are now sinking shaft on the Great Republic, and cutting the vein of the Wocott Both of 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 do not think tn anoth- CT vein this extent in the country tell yoa now that these mines will be the biggest and best ever opened, and fully equal to the Horn Silver. Every one who has seen these min confirms my opinion. Superintendent Couch is pushing the work with all possible speed and he is the most competent man in The following IS extract from the report of the Special Committee sent out by the Board of Direct in July last to examine the property 'we found in the Spanish Tunnel a fine showing of Iow-grade galena ore This tunnel has been driven lel gth of 54 feet-a1 in mineral. In the Republic the tunnel driven 36 feet, with expectation ;utting the vein, which, by the eroppings, shows g shaft also on this mine. which has already reached depth of 50 feet. In pany with MT. Tim Foley, Of Leadville we descended the sh ft 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 foupd a ,un nel, which is in 35 1eet workings also being in min ral. The next mine visited the Wolcott, claim of all the upper tunnel of this mine which is now in 25 feet they have struck mineral asaying moderately but the most po tant fact is, it shows the continuity of the imm-nse vein running through this great property Sey ral hut dred feet below This tunnel has exposed vein of copper re showing a dth of from 20 to 25 feet, yielding about 3U per further and then cross GU the vein. II ue get the vein here we have it elsewhere, and only moder- mines and most valuable properties on the conti- Since the foregoing report WAS written further de- anti fI,oI oIiaf that with outlay of less than S1000O0 the compa- ing condition within the coming year. The entire amount of the treasury stock of the been purchased by syndicate an offer of the same is now made for subscription by the undersigned at $2. per share.
 By special contract between the Syndicate and the Mutual Trust Company, fund sufici nt for the pur pose has been deposited with the Trust c. mpany to the interest the preferred stock for period Interest will be adjusted to commence on date of The following is the of the guaranty of inter- est which is printed upon the face of the Company:
 THE MUTUAL TRUST COMPANY
 OF NEW YORK
 Will for six years from date hereof pay fifteen cents per share, per annun on the shares represented by and July list.
 Fifteen cents per share is equal to 1I0 per cent per snnum upon the subscription price
 Alotments will oa- made In full Of amounts of g. 500 and under and the remainder will be allotted pro rata for amounts exceeding S, ,500.
 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 November, 1881, at o'clock m and the allotments made the following day.
 Applications may be made to
 THE MUTUAL TRUST COMPANY,
 115 Broadway, New York.
 or to
 THOMAS J. HURLEY Co.,,
 IS Wall street. New York tained. n5 4d2w