The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1882-03-01

Company, fifty two in number, are 300x1,
500 feet, making total of 537 acres. Thu
compaay also owns fine placer claim q
the head of the Iowa Gulch, comprising
100 acres. Very few companies in Lead
vile or elsewhere own more than from one
to six lode claims, while this company
owns ffry-two lodes--587 acres-and one
placer claim-160 acres-making total OF
6SF acres of mineral land.
Besides the vast mineral wealth CON
tanned in these lands, it is a fact worth re-
Numbering. that the large tracts Of pine
timber belonging to this company are
worth very large sum of money.
Nearly all Of the mines belonging to this
company are located along the out-crop
where found They were located under
the mining laws of the United States and
the State of Colorado, and the titles are
indisputabls. The company invites the
most careful scrutiny into the value of its
mining properties, and the titles by which
they are held, on the part Of those who
desire to invest in it's stock
Zone hundred and fifty Thousand shares
were placed in the hands of the Directors
to be sold for working capital, and every
dollar realized from the sale OF such stock
has been and will be expended in labor
and machinery necessary to develop the
company's mines"
OF the 'sSequin" mine, now being worked
with shaft down AS feet, the Leadville
Daily Herald, of Feb, I'd, has this to say:
The 'Sequin' mine, on Rock hill south
from California gulch, has produced con-
siderable ore of paying quality, but the
grade has not been very high. The ore
has lately improved considerably, and an
assay made yesterday gave return of
ffty-two ounces in silver and sixty eight
per cent in lead. A second assay made,
returned forty-seven ounces in silver and
per cent in lead. The ore Is
a gray sand carbonate. The new strike
was made yesterday"
Among the Davenport subscribers to the
stock are Messrs. j. L. Drew, Moses
Hobbs, Jas. E. Morrell and s. c.. Root,
who have been in the company from its
first formation; also, Mr.. L. FL. Whitson,
who is agent for the sale Of the stock
In this city Mayor carse and Mr.. a. c.
are Interested in the enterprise.
The names both Of officers, directors and
are all well known and will
inspire confidence in this city.
No stock of tbs company for sale except
that offered by Mr.. w, and he proposes
to sell only ten thousand shares-five thous-
and in this city und five thousand in Dav-
EXPORT. That there may be no question as
20 the representations made by him and the |
Dir. Whitson says;
my proposition to Davenport and |
Rock Island, subscribers, is to fur
lish transportation for one person,
to be selected by the subscribers to |
he stock) to Leadville and the location of
he mines Of the company and return, to
investigate and inspect the same, and if
ound as represented by myself and the
company, then the subscriptions to the
took to hold good, otherwise to be of no
fleet. The par value of the stock to be
en- dollars per share, and the subscription
o be one dollar per share. and no sub
cription to be held binding unless $50
90 of stock subscribed.
All further Information can be obtained
( Mr.. Whitson, care of FL. G Cleveland.