Morning journal and courier., 1881-11-18
9l,OOO Shares Preferred Registered, Treasury Stock North Horn Silver MINING COMPANY
 OF UTAH. INTEREST AT PER CENT PER ANNUNI PAYABLE IN GOLD ON JANUARY AND JULY l, FOR SIX YEARS, GUARANTEED AND
 PAYABLE BY THE MUTUAL TRUST co.
 
THE MUTUAL TRUST co.
 . OF NEW YORK.

The North Horn Silver Mining Co pany is orpan- ized ubder the laws of the State of New York with capital of $4 100000 in 100000 shares fuIpaid and non assessabe. The com any has acquired title to the Great Republic Spanish, Wolcott, kosa Comstock and vanderbilt mines, 1braeing more than mile of the famous Horn Silver Ledge, near Frisco Utah. about 225 miles southwest of Salt Lake City The Spanish mine is only 150O 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 lessor J. s. Newberry,s of the Columbia School of Mines and authority in both this country and Er rope says: "The Horn Silver Mine contains the most valuable body of silver known to exist in any mine in the world" And again ssThe Horn >ilver Mine stands o-day having greater aacer- tained value than any other silver mine known" As said that the Horn Silver produced in the first nine months of this year nearly SlnO000 and the quar-
 The properties owned by the North Horn Silver Company have been reported on by Thomas Couch, formerly superintendent the Horn Silver and his report is ndorsed by Professors Newberry and Clay ton. MT. Couch, in his report, says:
 "Each of these claims embraces part of the vein applied to the vein from the first location made upon argentiferous lead developed therein.
 1.-The surface. features indications If the vein traversing the several claims mentioned ara in my opinion, indicative valuable property or vein of ore at no great depth. know of vein in the opment of great mine, nor one with the same linn ied developments that feel safe in recommend ing to the public ,ts far-famed neishbor. the Horn Silver, with the same openings, comparison. But at depth of one hundred feet 1t had rival"
 All of the North Horn Silver workings consisting four tu nels and two shafts, in mineral the Cope Tunnel being in heavy body of rich cop
 Mr J. E. Bamberger tn well known merchant of Salt Lake City, under date of May 27 1884, writes
 q arrived here early this morning ard visited the mines of the North Horn Silver Company I found he developments in a most satisfactory condition, and much beyond my fanguine expectations. They sinking shaft on the Great Republic, and crosscutting the vein of the wolcott Both of these workings are in mineral correspondi with that of the Horn Silver, and of much more promising character than the Horn Silver ever had with the game amount of work. Furthermore. the croppings of these mines the those of the Horn Sil- yer The Great Republic and wolcott veins are from 15O to wide do think there is anoth- vein of this extent in the country. tell 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 peed and he IS the most competent in the country"
 The following IS an extract from the report of the Special Committee sent out by the Board of Direct in July last to examine the property: 'sWe found ealena ore This tunnel has been driven ieI Eth of 34 feet-all in mineral. In the Republic the tunnel .utting the vein, which, by the croppings shows width of from 50 to 150 feet. They are putting down depth of 50 feet. In co pany with MT. Tim Foley. Leadville, descended the sh fit and found all workings solid body of low-grade galena ore improving with depth and very promising We next visited the Vanderbilt mine, and there found a neI which is in 3S feet, tn workings also being In mineral. The next mine visited was the Wolcott which to your committee seems the most promising claim of all In the upper tunnel of this mine which in 25 feet. they have struck mineral assaying moderately but the most impo tant fact is it shows the continuity of the immense vein running through this great property. Sev dred feet below We found the Cope Tunnel, which is now 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 cross the vein. IT get the vein here have it elsewhere, and only moder- ate grade of ore, we will have of the largest mines and most valuable properties the conti- nent :"
 Since the foregoing report was written further de- veIopments have been made which warrant the belief that, with outlay of less than $1Ooo0O the conpa ny will be able to place the mines in dividend ing condition within the coming year.
 The entire amount of the treasury stock ot the company remaining unsold (91,000 sharesl having been purchased by syndicate, an offer of the same is now made for subscription by the undersigned at g. 10 per share.
 By special contract between the Syndicate and the Mutual Trust Company, fund sufficient for the pur- pose has been deposited with the Trust Company to the interest on the preferred stock for period Interest will be adjusted to commence on date of The following is the of the guaranty of inter- which printed 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 years from date hereof pay fteen cents per share, per annum, the shares represented by this certfca payable semi annually January 1st and July 1st.
 Fifteen cents per share isASuaI to 71-1o per cen. per annum upon the subactfption price. -o Alotments will De made in full of amounts of s2 rata for amounts exceeding $2, ,500
 Checks in payment may be made payable to the or der of the Mutual Trust Company, Trustee, to the undersigned, and should accompany the subscription
 Subscriptions will be received until the 2lst day ofNovember, l 881, at 3 o'clock D. m., and the allotments made on the following day,
 Applications may be made to
 THE MUTUAL TRUST COMPANY
 115 Broadway, New York.
 to
 THOMAS J. HURLEY Co., ,,, IS Wall street, New York Where maps reports and full information can be ob '@" n5 4d2w