The National tribune. [volume] (Washington, D.C.) 1877-1917, 1892-10-06
PROSPECTUS.

This company presents an unusual opportunity for
investors acquire interest in one of the richest
and most extensive gold mines in the world, IN when
not only dividends payable quarterly in gold OF 10
per per ON all stock allotted on TINS SUD
sraeHn1 TO- redeem their stock at par within def
mite period ct The expiration OF two years shoud tey
become dissatisfied with their investment as herehi-
after stated.
HoS Fl. III. WARNER of Rochester n. Y, of War
ners safe Cure fame after spending several weeks In
critically examining this mine in which ne was aided
By of the most experienced mining engineers OF
this country and Europe, is SO thoroughly convinced
of the extraordinary value of the property that he has
expressed MS readiness to place himself at the head OF
the undertaking if so desired and has also agreed 10
take 100 900 shares in the company.
order confirm the success of the enterprise he
guarantees to every shareholder to whom Is allotted
stock on this subscription dividend OF 10 per cent
per for period OF five years, payable IN goid
unless total OF seventy per cent snail nave Geen
paid within a shorter time.
lie further agrees to purchase at par in gold all
guaranteed stock allotted this subscription within
the 80 days Immediately following the expiration OK
two years from date of allotment of said stock pro-
vided receives said 30 days notice OF such stock
These provisions as to dividends and redemption of
stock will legally expressed and signed by garantor
ON eech certificate allotted ON this subscription
Besides his high personal standing and nnquestoned
responsibility, Mr.; WARNER agrees TO deposit In trust
with the Industrial and Mining Guaranty Company OF
New York bonds or stocks of railroad or industrial
corporations TO an amount necessary 70 provide or ne
on all stock allotted on this subscription; only such
securities deposited dealt in on either the
New Yorl. London Stock Exchange.
In consideration of this guarantee the vendors agree
10 deposit with The UNION TRUST COMPANY, OF 50
Broadway New York, stock OF tie Seven Stars Gold
Mining Co OF the value at par of tive hundred thou
sand dollars be held in trust by the said Union Trust
Company until the guarantee given by Mr. WARNER,
as sci forth ia this prospectus shall have been fulfilled
This novel feature, while presenting an unusual de
parture in mining enterprises is warranted by the fact
that the value OF the in the mine already exposed,
surveyed and ready for removal exceeds the total
amount of dividends guaranteed by slOO25OOO. In adj
dition TO this il is estimated that expenditure OF
sG0OOO viii disclose additional to the value of
AZ 000i1O. II win readily De perceived that Mr.. WAR
NER assumes but little actual risk in his guarantee
when the immense body of ore already developed and
ready for removal IS taken into account the propo
sitiGG being not unlike the cash reserves III BANK SUD-
ject TO be drawn upon occasion requires.
The magnitude Of the property may in some degree
be realized from the fact that, with 5siamp mill the
With 20 additional stamps, now in course of construc
ton the output should reach 5000 per day Allowing
300 working days to the year. this would bring the
nual production of the mine up to 81 100000.
Obj EGTS.-ThiS company Is formed TO acquire,
without further expense liability to subscribers on
Oct. !, 1852, az ''gong concern and 20 provide
working capital of 100000 10 further equip de-
velop the Seven stars Hillside and Happy Jack Mines
comprising the following patented claims: Seven Stars
uappy Jack Hillside Camp Contact No. and Contact
No .. Also the locations known as the Mesa FL
wood, Midnight, Mescal, Waterfall and Boulder.
S1fUATEON.-These mines are IN the Eureka
Mining District Yavapai Comfy, Arizona, 80 miles
rom Prescott Arizona although q comparatively
mining field, has already produced Seventy-ttO
millions of dollars 300 COO in gold and silver
WHAT rs THEIR RECORD?-Th very rich
gold vein found by John LAWYER the evening of
March H. ISs3. He developed the discovery into a
great and very rich mine. While opening up the
properly broke of the value of 100000 of which
some SIS06C0 sold Since that time the workings
have very much extended and the mine has con-
tinued TO improve in value and richness.