The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1892-10-06

| This company presents an unusual OPP
portunity for investors TO acquire an in
terest in one OF the richest aud most OK
tensive gold mines in the world in which
not only are dividends payable quarterly
In gold. of ID per cent. per annum on all
stock allotted on this subscription guar
Ianteed thom for ffvc years, but also an
agreement TO redeem their stock at par
within a definite period, at tho expiration
of two years, should they become dissat-
isiied with their investment, us hereinaf-
ter stated.
The Hon. VI. II. WARNER OF Rochester,
in. Y, of Warmers Safe Cure" fame. af-
ter spending several weeks In critically
Examining this mine, In which he was
aided by some OF the most experienced
mining engineers OF this country and
extraordinnry value of the property that
he has expressed his readiness to place
himself at the head OF the undertaking.
III so desired, and has also agreed 10 take
100 900 shares in the company
/ In order 10 confirm the success of the
enterprise. he guarantees TO every share
holder to whom is allotted stock on this
Bu Inscription, a dividend of 10 per cent.
per Rnnum for period of Ave FEARS.
payable In gold. unless total of seventy-
Ave per cent. shall have been paid within
a shorter time.
He also further agrees to purchase at
par in gold nil guaranteed stock allotted
lon this subscription within the 90 days
Immediately following the expiration Of
two years from date of allotment OF said
stock. provided he receives said 30 days
notice of such stockbolders' desire TO sell.
These provisions as to diyidenas and re-
demption of stock will be legally express
ed and signed by guarantor on each GER
ltlficate allotted on this subscription.
BESIDES his high personal standing and
unquesfioned responsibility, MIR. W arm sr
agrees to deposit in trust with the Indus
trial and Mining Guaranty Company of
New York bonds or stocks OF railroad or
industrial corporations to an amount
niece SaIy TO provide for the full payment
of the five years dividends guaranteed
on all stock allotted ON this subscription;
louly such securities to be deposited as are
dealt in on either the New York or Lon
don Stock Exchange.
In consideration of this guarantee tho
vendors agree TO deposit with the Union
Trust Company of No. 81 broadway, Now
York. stock of the Seven stars Gold MIN
ing Company of the value. at par, of five
hundred Thousand dollars, TO be held in
trust by tho said Union Trust Company
until tho guarantee given by Mr.. Warner
as set forth IN this prospectus, shall have
becu fulfilled.
This novel feature, while presenting an
Unusual departure In mining enterprises,
ia warranted by the fact that the value of
the ore in tho mine already exposed, sur
Seyod and ready for removal exceeds he
. total amount Of dividends guaranteed 10y
: 81, 80 900. In addition 10 this IL il estima-
tied that All expenditure or s100,ON Will
disclose additional ore TO the value OF
0OO. Twill readily he perceived that
Mi. WARMER assumes but litile actual
risk In his guarantee when the immense
. body OF ore already developed and ready
] for removal is taken into account: the
proposition being not unlike the cash re-
serves in u bank, subject to be drawn
upon as occasion requires.
he mnrnitndo of the property may in
some degree he realized from the fact
that, with u i-stamp mill the output OF
tile mine is nj present about $1,000 a day
. With twenty additional stamps, now III
course of construction, the output slIou Id
ing DAYS to the year, this would bring the
annual production OF tho mine up to
81 ,d0G0.nUO.
OBJECTs.-This company Is formed
Ito Lcqnire, without further expense OF
liability to snbscrit ers on October /, ls9R
as Il going concern and 10 provide {
work my clpItat OF $4,000 to further
equip ana develop the Seven Stars, mn
side and Happy jack mines, comprising
iIhe following patented claims: Sever
Stars. Happy jack. Hillside. Camp. Con
tact No. /, and Contact No. 2. Also tn,
locai ions known as the Mesa, EIwood
Midnight. Mescal. Waterfall and loulder
SITUATION These mines are i'll the
Eur eka Mining District, lavapai County
Arizona, 20 miles from Prescott, Arizona
although comparatively new mining
ficld, has already produced seycnty-twG
millions of dollars 81 600. 600 in gold nnt
silver.
WHAT is THEIR RECORD This yer,
II rch gold vein WIS found 10y John LAWYER
on the evening OF March II, 1887. He de
yulped the discovery into n great ant
very rich mine. While opening up the
property he broke ore OF the value oil
x!OO.0O,, of which some sis0,000 WAS sold
Since thar time. the workings have beer
/, very mucn extended, and the mine liza:
,c -Four elaborate reports of eminent
Ht.aaW u