Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1881-10-14

The Inducements a Tuscarora Firm
u Offering TO E~nsterners.

Inc HnuuceAnents n Firm
IL Offering & % Ea~sterners.
In the Belleville (%Illinois) Advocate Of a
late date we find an Advertisement Of
"The Brown 4 Triton Mining and Milling
Company" offering to dispose of 5000
shares Of stock upon which o dividend Of
20 per cent, ii is asserted, is annually de-
clared. Few persons are aware that such
a valuable property exists in Tuscarora,
and will be somewhat surprised to see that
it is taken to the quiet agricultural dis
tricts Of Illinois for distribution among
the grangers. Brown & Urton are appar-
emily philanthropists, and desire to share
their good fortune with the farmers. The
advertisement will be perused with interest
by Nevadans. 1t reads as follows
Twenty Per Cent Dividends-We offer
to investors 5000 shares, or any part
thereof, of Brown & Triton Mining and
Milling ~Company's stock certificates Par
value shares, $40 full paid, non-assessa-
BILE. Mines, mills and water power, Tus-
carora, Nevada. A highly productive gold
and silver mining property, paying hand
some dividends, title perfect, no indebt-
edness, no stock liabilities. Main shaft
42O feet deep I; 1900 feet we'll developed
working levels, with high-grade quality
ores. Efficient steam hosting works and
substantial buildings. Two-ton water
power stamp mill, with all modern i'm
provements. Exclusive water-power and
privilege. The ores mined and milled by
this company average $50 net per ton. |
The mills average Is tons per diem, or |
5000 net daily. A large number of steam
mills in the district discharge immense
quantities Of residue, or " tailjngs," an
nually, carrying from Is to 20 per cent of
the precious metals per ton, but which
lowing to the scarcity and excessive cost
OF fuel prohibit their working over by |
steam. The inexpensive and exclusive
water power Of the Brown & Urton Com
pany practically gives them control of all
tailings milled in the district, 5000 tons
OF which were purchased by this Company |
in April last, at a nominal cost. and upon
which the mills are now working day and
night, with an average product Of 25. tons
per diem, netting the Company $12 per
ton or $500 net daily. By the terms OF
the charter and bylaws of the Company,
no portion of the earnings OF the mines
or mills can be diverted to any purpose
whatever, other han the absolute pay
ment OF dividends, and as the Company
propose to largely increase both mining
and milling capacity (as per prospectus,
page 10Y such desideratum can be accom-
plished only by a contribution Of indi-
vidual shareholders to q general fund,
such fund to be designated as Treasury
stock" the proceeds Of the sales of which
are to be applied to the above specified
purpose. In pursuance of said object,
10000 shares have been subscribed and
set apart, and are now offered at SIS per
share Tor so per cent of their par value),
thus presenting an investment which, at
the present rate of dividends. is equal to
zO per cent per annum. A cash dividend
of SS,S33 33. or 8 1-3 cents per share 100
per cent, has just been declared by the
Company out Of the net earnings for the
month of June. 1881, payable July 1, to
all stockholders of record. Aside from
the present intrinsic market value of
shares, the prospects of the Company
safely warrant the prediction that the
stock will rapidly appreciate to par within
the ensuing ~ months at the farthest, in
which event the investment, with accrued
dividends, would net 100 per cent per an
mum. Small investors and depositors in
Savings Banks (Which pay low rates OF
interest, or nome at ALL, will find these
shares a profitable investment.
Take for example 500 Twenty shares
at IS present cost, 500 20 per cent
dividend (S5 quarterly annually, $40
probable increase in value of shares in IL
months, 500 net gain, S120. Net result
of $500 investment, 1920.
Take for example $500: One hundred
shares at IS present cost, $500 20 per
cent dividend 1925 quarterly annually,
500; probable increase in value OF shares
in IL months, $500 net gain; $500. Net
results of $500 investment, 81 100.
NoTE.-The results of above examples,
showing the probable enhanced value OF
shares, are based upon the present actual
supply of ore and tailings now sccumula-
ted at the dumps of the mines and mills.
The proceeds Of sales Of stock will be de-
voted to q large increase Of ore production
and milling capacity, resulting in extra
dividends.
Facts.-It should be borne In mind by
inves tors that the mines and properties Of
this Company are not mere paper pros
pects," such as are too frequently thrown
broadcast upon the market, but that the
mines, mills and entire property OF the
Company are all in first-class condition,
in daily operation, yielding handsome
quarterly dividends upon the investment,
and the market value Of shares advanc-
ing daily. No better or safer investment
in the market. For stock, prospectus, or
further particulars apply to or address
The Brown 4 Triton Mining and Milling
Company, SIC Chamber Of Commerce, St.
Louis. Mo. An active. responsible agent |