Evening capital journal. (Salem, Or.) 1888-1893, 1889-10-09
SANTIAM MINES
~" ,.o IVY IVY Aen for the Building
" WV wv. va .de-The Albany Capi-
st Will Be Interested.

" wy w. .de-The Albany Capi-
st Will Be Interested.
Santiam mines. +. Ernest Aus
tin, secretary and acting superin-
tendent Of the Gold Mountain and
Dry Gulch Consolidated Gold and
Silver Mining Company, arrived in
town yesterday says the Albany
Herald and ordered of Deyoe & Rob
son complete saw-mill with engine,
boiler, ETC., for use at the company's
mines at Quartzville, this county,
where work Is now being rapidly
pushed by the company. 1t is a
well known fact that this company
has the most extensive mines of any
company on the coast and also the
richest, which speaks well for this
county. The company owns all the
placer mines of Dry Gulch, consist
ing of about 800 acres, besides six of
us rich quartz mines as there are to
he found. The company Is organ
lied on basis wherein all stock
holders have an equal show, accord
ing to the money invested, and need
not fear assessments as the stock Is
absolutely non assessable, and Is
made paid up on the payment of SO
per share. (Shares being of the par
value of $50 each.) That being the
estimated amount necessary per
share to thoroughly develop the
company's mines and can be either
paid at once or in installments of 81
per month. As some gentlemen re-
marked who had purchased stock
i'm the company: at Is considered
by US to be better than investing in
real estate" Mr. }. M. Rogers ar
rived last evening from Salem for
the purpose of placing some of the
company's stock on the market, and
it will be to everyone's advantage
financially, should they have the
opportunity topurchase all the com
puny's stock they can possibly
handle. Should you see Mr.. Rogers
don't fail to take some stock, as the
development of these mines is Of
vast importance tous all.
The above, from the Albany Her
aid, shows that the Gold Mountain
and Dry Gulch Consolidated Gold
and Silver Mining company, of this
city, is allowing no time to he
wasted in taking the necessary steps
to develop their immeHse mining
property i'm such manner as Will
make it at once the richest and
most important industry on the
coast. These men mean business.
They are full of energy, pluck, push
and intelligence; they have n grand
good thing i'm their Quartzville
mines and they know it; and the
business men of Albany and Linn
county fully realize the importance
of the work i'm hand to all that
country. The purchase of saw
mill is the first step for the building
of the hume with which water
power will be supplied and all other
steps will follow in as rapid sue
cession as all surrounding circum-
stances will allow. Secretary Aus
tin and Mr.. Rogers say they met
with the most flattering encourage
mcnt among the people of Albany,
who subscribed literally for stock
and who expressed determination
to obtain even a much larger inter-
est. This company has already a
large force of men in their employ
in all departments of work, but they
have only yet begun, and before
long the number will be so increased
as to make an important faction in
the general trade of this part of the
state. Their elegantly furnished
office parlors ueXt the postotlice are
constantly visited by large numbers,
all of whom are agreeably surprised
by the evidences of prosperous busi-
ness life there displayed.