The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-07-15
A PRIZE TO KEEP AT HOME.



doubt mp to this time that investors are
turning their attention to mining it has
been removed by the letters that have
reached George Crawford. at SO Wall street,
since the report became current that he in
tended to place the Enterprise group of
mines in this market. He has received ap-
plications from mining men and from gen.
eral investors who know him to be re-
liable mine manager. asking for details
and requesting that their names be entered
at once upon his stock list. Mr.. Crawford
has prepared q prospectus of this property
which he 10 about TO distrl butte In quarters
from which his applications have come.
He feels assured already that there will be
no trouble In placing the property, and
that in this offer those who believe in legit-
innate mining will lind long-desired OPP
portunity to step into q promising invest
ment at par and that the early success of
the mine will make many converts among
those who are tired of railroad securities,
but are not yet quite ready to go into
mining.
The Enterprise property. which he is
about to offer, is located near Rico, Dolores
county. Colorado. As has already been re-
ported, the property has proved rich in
gold as well as III silver and be says 1t will
yield at the rate of 40 per cent. year upon
the proposed capital of s2.5O0.0O0. Recent
developments are even more promising Mr..
Crawford says, than was the situation n
few months ago and he has no hesitation
in predicting that during the ensuing year
Sl.000000 will be paid to the shareholders
in dividends.
The mine is to be capitalized in 100000
shares at s. EACH of which 400, 600 shares
will be offered. There seems every
reason To believe that su inscriptions will be
received for the full amount offered from
those who know MIR. Crawford as a man.
ager of mines. and who have become i'm
pressed with the value of southern Colo
RADIO as a mineral producer. He is hopeful,
however, that the property will be care
fully scrutinized by general investors
whom he can satisfy. he says, IN the minut-
est detail Believing that the general pub
lie - becoming sincerely interested III le-
Ultimate mining lie wants every one who
may be fairly disposed in this direction TO
know that there 10 q substantial basis for
faith IN this line of industry and to be con-
WINGED that money put III good mines under
honest management Will be quite as safe
and moro probably placed than In any
thing else now offered.
Nr. Crawford thinks he has strong reason
for his belief In southern Colorado. He be-
gan TO invest there about ten years ago.
when he bought the Yankee Girl 1t proved
n success from the beginning. In 1885, when
he was in London. the Custom mine. in the
same district. was in conrse of reconstruc
ton. The English investors In that prop
erty were much chagrined that their vent
ure had proved failure while Mr.. Craw-
ford's had turned out large profits. He was
induced TO 60 into the reorganization of
the company. because he felt confident, and
so expressed himself that the mine was a
good one. but had been badly worked. 1t
was capitalized az $500 coo, with shares at
- each. Shares OF the old company were
then selling in the London market at Sd,
par value Il. Since reorganization diyi-
dends have been paid amounting To S.22 500,
or 40 per cent. on the capital, and shares
have run as high as &c. The last years
dividends amounted to so per cent. Last
July Mr. Crawford offered the Yankee Girl
in the London market. 1t was capitalized at
q, 500 COO. shares IS each. Between July and
December IL paid dividends ut the rate of
so per cent. and shares in the London mar
Ret went as high as Sl4. For the nine
months ending in April dividends of $780,
600 were paid. making total profits from the
mine over &. 0O0. 0Oo. The Ute and Ulay
mine, in the same section. aud in which
English investors had suffered from mis-
management. was recognized by Mr.. Craw-
ford last year with capital or S5OG.OUO
shares * each. Recent shipments have
month. netting the pany over $4,000
month.
Last December. after the Barring troubles,
Mr.. Crawford placed the American Belle
mine IN the London market with a capital
of S2.OOO.0U0. This mike Is also in the Red
mountain district. In spite of blocked
shipments during the first quarter of the
wear. by reason OF SHOWS, the dividends for
the quarter amounted 10 I'd per share. or at
the rate of 10 per cent per annum. A COM
pany intends TO build smelting-works at
Durango. and Mr.. Crawford is confident
that very soon sc. will be- taken out of
the mine per month. He feels perfectly as
sured that the Enterprise group viii do
quite as well for It's share holders as any
thing that he has yet placed. for it's ship
ments TO date have averaged higher than
shipments from any property In that pro-
ductive section.