Morning journal and courier., 1881-11-08
THE MUTUAL TRUST co.
 SbF NEW WORK.

The North Horn Silver Mining Cor pany is organ ized upder the laws of the State of New York with capital of S40 900 in 400 900 shares, fuIpaid and non-assessable. The comnany has acquired title to the Great Republic Spanish. Wolcott Rosa Comstock and vanderbilt mines, e-Abracing than mile of the famous Horn Silver Ledge, Frisco Utah. Spanish mine is only 1900 feet from the Horn Silver Mine, ana the croppings of the North Horn Silver vein matter Concerning the Horn Silver Iedee Pro lessor J. $. Newberry,S of the Columbia School of Mines and authority in both this country and Eu rope, says: "The Horn Silver Mine contains the most valuable body Of silver ore known to exist in any mine in the world" And again: 'sThe Horn Silver Mine stands to-day having greater ascer- tained value than any other silver mine known" As indication of the richness of the ledge it may be said that the Horn Silver produced in the nine months of this year nearly g. 1O0 GOO 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 and hiI report is indorsed by Professors Newberry Clay ton. Mir. Couch, in his report, says: ''Eaeh of these claims embraces part of the vei1 known as the Horn Silver-this name having beer applied the vein from the first location made upo1 it. and of the immense unparalleled body o argentiferous lead ore developed therein ssThe surface features Indications f the veir traversing the several claims mentioned are in m3 ore at no great depth know Of no vein in the West that exhibits features favorable eveI ited developments that feel so safe in recommend ing the public. its far-famed neighbor the Hor1 But at depth of hundred feet it had no rivaln All of the North Horn Silver workings. consisting
  the Cope Tunnel being in heavy body of rich cop per ore.
 Mr. J. E. Bamberger, tha well known merchant o Salt Lake City, under date of May 1884, writes corning this property
 mines of the North Horn Silver Company. I found the developments in most satisfactory condition are now sinking shaft on the Great Republic an; cutting the vein of the Wocott. Both thes | the Horn Silver, and of a much more promising character than the Horn Silver ever had with thu of these mines the those of the Horn Sil The Great Republic and Wolcott veins iron aOo t4 S % tses s m S uo nou gre IS anotn that tbese mines will be the biggest and best eve opened, and fully equal to the Horn Silver. Every one who has seen these mines confirms my opinion Superintendent Couch is pushing the work with al possible speed and he is the most competent il l the country"
 The following IS an extract from the report of thu Special Committee sent out by the Board of Direct ors July last to examine the property founl l in the Spanish Tunnel fine showing of Iow-grad gaIena ore This tunnel has been driven length O. 34 feet-al1 in mineral In the Republic the tunne has been driven S6 feet, with the expectation cutting the vein, which, by the croppings, shows width of from 50 to 15o feet They putting dow
 shaft also on this naine which has already reache, a depth of 50 feet In co npany with Mir. Tim Foley of Leadville, we descended the shaft and found al the workings in solid body of lowgrade galena ore improving with depth and very promising. We mex nel which is now in 3S feet, th@ workings bein in mineral. The next mine visited was the Wolcott l which to your committee seems the most promisin claim of an In the upper tunnel of this mine whtcl is in 25 feet they have struck mineral assayin moderately but the most impo tant fact is it show the continuity of the immense vein running throug this great property. Several hundred feet below W 1 found the Cope Tunnel, which is now in 65 feet This tunnel has exposed vein of copper sIowin width of from 2Oto 25 feet, yielding about 30 pc cent. in copper. It is proposed to run in 45 fee further and then cross the vein. If We get tn vein here we have it elsewhere, and only moder l ate grade of ore, will have one of the larges mines and most valuable properties on the conti | nent."
 Since the foregoing report was written further de l y0OpmentS have been made which he heIi that, with outlay of less than $1000G0 the comps | ing condition within the coming year. | The entire amount of the treasury stock of tn company remaining unsold (91, GOO shares) havin is now made for subscription by the undersigned | $2.10 per share
 | By special contract between the Syndicate and tn Mutual Trust Company, fund sufficient for the pun pose has been deposited with the Trust Company cover the interest on the preferred stock for pero of six years.
 Interest will be adjusted to commence on date (
 The following is the form the guaranty of inter est which is printed the face of the certificate ] Company:
 | THE MUTUAL TRUST COMPANY l OF NEW YORK
 Will for six years date hereof pay fifteen cen, per share, per annum, on the shares represented b this certificate; payable semiannually January I and July 1st.
 l Treasurer.
 Fifteen cents per share is equal to 71-1o per cen ] per annum upon the subscription price. ! AIotments will be made in full of amounts of $2 5O0 and under, and the remainder will be allotted l rata for amounts exceeding S2, 500.
 l Checks in payment may be made payable to the O, der of the Mutual Trust Company Trustee, to tI undersigned and should accompany the subscription Subscriptions will be received until the 2Oth day November 1881. at o'clock p. m., and the a1otmen 1 made on the following day.
 Applications may be made to
 l THE MUTUAL TRUST COMPANY
 115 Broadway, New York. |
 l THOMAS J. HURLEY x Co.,,
 Is Wall street, New York. Where maps reports and full information can be ol 1 tained- n5 4d2w