New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-08-01

The company Is organized TO operate group Oh mines
near Rico Dolores COUNT Col. section "ohoeriuny r0H
in minerals. -,
The group comprises the Enterprise, Laura, Eureka
Ontario Hiawatha, Kitchen Bell, Night Watcn' Sho"
Flake Song Bird Thompson and Anaconda Lode mining
claims; the Jumbo group. comprising the JUMBO anu
IIeadley Lode mining claims; the Group runner o'e N
the Onomoo Tunnel Site with all plants materials Sp'
purtenances &c. belonging thereto as on jan l. ie9I'
An area Of about 1875 Is covered BY the Claims
There is full working equipment at the mines inciua'
Ing shafts engine hosting complete machinery
electric light plant ore houses ana sorunB Oo''
blacksmiths' shops, miners boarding-hou &C. $500
The Enterprise property began produce in the latter
part OF 1883 Shipments made in 1880 and 1esO,
from which 1852 produced net value OF $780,
26o o. an average OF $3.50 per ton Many OF the ship
pens run from ounces in gold per ton worth
per ounce, and from 400 TO 900 ounces IN SILVER pei
ton. worth 81 per ounce.
Tho present output from these properties IL greater
than il has been. IL IL safe 10 estimate that the
profits paid in dividends during this year ont OF
the ore mined MP Jan. 1892 will net be less than
Five Hundred Thousand Dollars (sj00,O0O), and DUR
ing the first year July l. 1892 One Million Dollnrs
0O0 009). or 40 per cent per nnnnm on the captn'
stock These virgin mines. and the territory Is 80
large that IL will require years TO exhaust the
The ores produced smelling ores. They arc shipped
direct from the houses to the various smeters The
company therefore requires smelling plant and the cost
Of production is confined TO mining and marketing tne ore
further improving the working facilities and systematic
wording capital Of $4,000 fully ample. has been pro-
vidd Shipments will be facilitated and expenses
sened BY a railroad nearly completed TO RICO thas
IL IS expected to be ready operation by Aug 1.
Mr.. George Crawford, who has been connected with
many mining prop rites of Colorado, among thcm the
Yankee Girl New Custom, and others. has agreed TO
become General Mana ger of the property. lie takes
large number Of sn in this company and his inter.
ire bound in the future success OF the UNDER
taking. lie believes these the grcatcat mining
rites in which he been Interested The
immense bodies of present intact, and the very
large amount of productive ground uudcveloped, VIII
enn Bile this company pay very handsome and resn-
lar dividends.
Mr. o. p Posey who has been for many years associated
with Mr. Crawford in his mining operations fully concurs
in Mr. Crawfords opinion Of these properties He has
made thorough personal examination Of the m!nes. and
SAYS that he them the most valuable properties
which he has examined and that they can easily pay
81 600 coo Per annum IN dividends.
The right Is reserved to reject any subscription
cept &c in part Receipts win be given for all payments
made and engraved copanys certificates viii be delivered
as soon as practicable after The final payment.
Dividends will be paid at the Office Of GEORGE Crawford
20 walst, Ncw-York will DO sent by mail to share
holders upon request.
It IS intended TO list the shares and apply for Stock
Exchange quotations
subscriptions will be received by GEORGE CRAW-
FORD 30 Wall ST, New York and Room 500, Lewis
Block, PiusburG. Penn.
EDWARD l.. BREWSTER 81 CO, Bankers and
Brokers' Dearborn and Monroe SITS. Chicago.
THIRD NATIONAL BANK, Wood ST., Pittsbur2
Penn.
MARKET NATIONAL BANK, SO stntc ST, Boston
Registrar of stocks; THE FARMERS LOAN AND
TRUST CO, New-YOrk.