Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-26

| SECRETARY AND OFFICES.
| 33 WALL ST., NEW YORK.
| The company is organized to operate q group Of
| mines near Rico, Dolores county, Col, section
| wonderfully rich in minerals.
| The group comprises the Enterprise, Laura Eu-
reka, Ontario, Hiawatha, Kitchen, Bell Night
| Watch, Snow Flake. Song Bird, Thompson, and
| Anaconda Lode mining claims; the Jumbo group
| comprising the Jumbo and Hcadley Lode mining
| claims; the Group Tunnel Site and the Onomoo
| Tunnel Site, with all plants, material appurte-
nances, etc., belonging thereto Jan. l. 1891.
An area of about Us Is covered by the Claims
There is a full working equipment at the mines,
including shafts, engine houses for hosting com
plete machinery, an electric light plant, houses
and sorting rooms, blacksmiths' shops, miners
| boarding houses, etc.
The Enterprise property began to produce in the
latter part of 1888. Shipments were made in 1889
and 1880 from which 562 tons produced net
value of 1896, 6O3, an average of $3.50 per ton.
Many of the shipments run from four to five ounces
In gold per ton, worth go per ounce and from 100
to 500 ounces in silver per ton, worth 81 per ounce
The present output from these properties
is greater than it has ever been. 1t is safe to
estimate that the profits to be paid in divi-
dends during this year, out of the ore mined
up to Jan. L, 1892, will not be less than Five
Hundred Thousand Dollars, $500, ,OOO,) and
during the first year to July L, 1892, One
Million Dollars, Isl 900, ,OOO,) or 40 per cent.
per annum on tho capital stock. These are
virgin mines, and the territory is SO large
that it will require many years to exhaust
them.
The ores produced smelling ores. They are
shipped direct from the houses 10 the various
smelters. The company therefore requires no
smelling plant and the cost of production is con-
fined to mining and marketing the ore. For further
improving the working facilities and systematic
prospecting of the various claims for new ore
bodies, working capital of $50, 900, fully ample
has heen provided. Shipments will at once be
facilitated and expenses lessened by railroad now
nearly completed to Rico that it is expected to be
ready for operation by August
Mr.. George Crawford, who has been con-
nected with many mining properties of Col
orado, among them the Yankee Girl, New
Custom and others, has agreed to become
General Manager of the property. He takes
a large number of shares in this company,
and his interests are bound up in the future
success of the undertaking. He believes
these are the greatest mining properties in
which he has ever been Interested. The i'm
mense bodies of ore already intact, and the
very large amount of productive ground
undeveloped, will enable this company to
pay very handsome and regular dividends.
Mr.. o. P. Posey. who has been for many years
associated with Mr.. Crawford in his mining oper-
ations fully concurs in Mr.. Crawford's opinion of
these properties. He has made thorough personal
examination of the mines and says that he consid-
ers them the most valuable properties which he has
ever examined, and that they can easily pay
g. 0O0, 900 per annum in dividends.
The right Is reserved TO reject any subscription
or to accepttt In part. Receipts will be given for
all payments made. and engraved company's GER
tifcates will be delivered as practicable
after the final payment.
Dividends will be paid at the onice Of George
Crawford, 80 Wall ST.. New York, or will be sent
by mail to shareholders upon request.
1t is intended to list the shares and apply for
Stock Exchange quotations.
Subscriptions will be received by GEORGE
80 Wall ST., New York. and
Room SOC, Lewis block, Pittsburg, Penn.
EDWARD L. BREWSTER & CO., Bankers
and Brokers, Dearborn and Monroe Sts.,
Chicago.
THIRDS NATIONAL BANK, Wood st.,
Penn.
MARKET NATIONAL BANK, SO State St.,
Boston.
Registrar of Stock: THE FARMERS LOAN
AND TRUST CO., New York.
PROSPECTUSES WITH FULL DETAILS
A TABULAR RSTATEMENTOF
ORE SHIPPED FROM THE MINES TAKEN
FROM THE ORIGINAL SMELTERS SALES
NOTES, AND FORMS OF APPLICATION
IAN BE OBTAINED AT THE OFFICES OF
THE COMPANY, 80 WALL ST., NEW
YORK, AND FROM THE DIFFERENT
BANKERS AND BROKERS WHERE SUB
ARE RFrETTEn f,3e 10 r.s,,