The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1882-02-11
DIGGING FOR BIG MONEY

rht.l describing the rise progress and cOndl
non 4 ihr greatest mining enterprise yet pro
ir,trd NJ the United States, and we believe the
.yrar,.t IN the world. 1t is the driving OF a
iunnI clear through the back bone Of the
Amtrican continent ut place where over @OU
uuld aud silver bearing veins come logc'hcE,
much ~ 20 the strings OF violin al lis neck.
Tlis work Is called the AtiUttc Pacific Iua'.
neL Il starts IN at the base of kelsO mountain,
ten miles southwest from the city OF George
town, in Clear Creek county, Colorado, and
about SKY miles from Denver, with the cars
SOW running to Georgetown and the railroad
under contract and being rapidly pushed Tor
ward to point within about mile OF the
east end of the Tunnel at the foot Of Mount
KeIso, which at a point 5000 feet from the en-
trance to the Tunnel, east end, and rises to the
hpIrht Of 24GO feet above the level of the Iun-
mel. In driving this great Tunnel, ten feet
wide and nine feet high into this mountain
1000 feet thirty.tive veins OF silver-bearlng ore
will be crossed The ore IN some of these
VEINS yields over $1,000 worth of SILVER per
ton The idea is to get Mt the veins at great
dcpiA and rs they are cross.cut by The tunnel
to open them for long distances to the right
and left from the Tunnel and to work up the
veins, letting the ore fall down instead OF dig
gIng down into VEN from its top and slowly
hauling the ore to the top of the mountain as
II man would 60 down chimney after meat
in the pot instead Of working IN upon level
with it, or reaching up for 1t.
The west end of this great Tunnel Is on the
Pacific side of the range OF mountains when
here rise nearly 1000 feet above the line OF the
Tunnel, which Tunnel will not only open the
way for the ore from more than 200 veins to
he run out, but will also omen the way for
trains OF cars IL run through the Mountains,
| r t,ny I,,f n.ss fhn ra 1rl
AT great expense of time, distance and money.
Work was begun on this great enterprise, at
the east end November 10, 1880. At the west
end February "a, 1881. On the 31st of De
cember, 1881, the Tunnel had been driven 5GS
feet at the west end, cutting two veins OF silver
and d-bearing ore, and nearly two hundred
IONS of ore worth about $50 per ton taken out
and piled at the mouth of the Tunnel waiting
shipment the coming spring, when the cars
will be near there. AT the east end, the Tun.
mel had been driven In 700 feet, cutting the
Cash vein, and the Potosi vein and on the 10Th
o. January was within 200 feet of the celebrat
cd Diamond 10 lode, which yields largely,
worked AS 1t is several hundred feet above the
level of the Tunnel.
How has this work been done? our readers
ask.
In 1880 Mark NJ Pomeroy and others had
the Atlantic Pacific Tunnel company incor.
pOrated under the laws of Colorado, with au.
thority for the company to issue 100000 shares
of stock, par value, $40 per share. OF these,
100000 shares were set apart for the purchase
of mines aud properties heretofore discovered,
crossing the line of the Tunnel. Then 100000
shares We're set apart to be sold Tor cash, the
starting price being $3.50 per share. The 9th
or 100000 shares are to purchase c06tT0ttlng
interests in other companies owning rich prop
critics. During the first year of the company 8
existence the company sold Al, 100 shares OF
stock realizing $l00,3l3 80 IN cash, and with
this money paid for all the work III the Tnn-
mel and about $4,000 for machinery, etc, be.
sides paying back to those who wished to sell
their stock, about $4,000. Sometime a stock
holder would have need for money and would
get back from the company the same price
that he paid for the stock, so there was no
chance to lose.
The Tunnel will open the way TO the great
belt of mines that run clear across Colorado.
1t cuts them where they are nearest together.
! The work has been continuous day and night,
and goes on every hour of time, the men now
making about three feet per day progress as
they drill and blast through the granite rock.
This Tunnel Is opening the mines so they can
be protitably worked for generations, and 1t Is
believed that the output OF ore will be about
half million dollars this year, and increase
steadily year after year TIL the output Will eX-
coed $j,O00000 per year, the profits TO be oil
vIded pro rata among stockholders, who VIII
in a short time receive as dividends all their
stock cost them, and then for years and years
receive profits.
The price of shares is now So each, or 81
discount from face value In May they Will
be advanced to $3.50 per share. Ia least III
per cent interest on the money invested Is
guaranteed. The stock or shares are fully paid
tor at whatever price the company sells them
at, and are not aSsessablc The mines OF Col
oradO are not taxed, and il does seem as though
here was Il safe opportunity for profitable IN
vcstment OF money. The company is now
composed of about 5000 shaIeowners, who
have from two shares up to hundrens.
1t Is not stock gambling scheme, but the
combined work Of those who are digging fol
big money, and who will have it, as the ORE
veins they are after cannot get dlc1y!
: The following high Endorsement Of the work
by leading business men of Georgetown, who
, have for year and more watched the progress
Of the great enterprise, speaks well for the hon
esty and ability of NJ. NJ. Pomeroy President
Of this company, and cOnvinces Us that this
: project Is worthy the attention Of those wht
may not have heard OF ii before, or who may
not have thought much or well of it.
GIoRGETowN, Colo, jan. 10, 1852.
n: H. Po"'eroH Esq, President Ailuntie' Pacif'
7 Tnnsl,
SIR-Wo, the undersigned citizens OF George
( town. Colo, have watched with gtcat interest
. the progress Of the Atlantic Pacific Tunnel. and
, We wish TO express 10 YOU our confidence in this
great enterprise Of which you arc the executive
officer. We fully believe that with The progres.
Of this work there viii be opened many rich lode'