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

PRESENT yALTE.-The Ore that has been re-
moved was taken from the surface and is hardly
hotcedoie III tne present magnitude of the mine Not
only is this virgin mine but it is also fully proved
and very extensive property Conservative estimates
sight, ready to remove, 100000 II is Considered
that an estimated expenditure of 100000 viii disclose
addona ore TO the value Of 100000. The ore is now
being mined milled treated and turned into bullion az
an e sopen :, . Of only s. per ton
OF ore shipments show that half the value in gold the
remainder silver. Recent developments, however.
nave ucoFefed ore bodies In which the gold largely
MINE Is DRY; No PUJIPING.-The mine
hosting machinery is required present. and will not
be for q long time to come and no pumps. Another
tunnel can be run . feet below the present lowest level
and still be above the foot of the mountain.
EXTENT OF THE wO8HISGS.-The under
already 5000 feet in aggregate length Ore has been
found to extend continuously for 1900 feet along the
deed some of the best is in the ends Of the different
levels, and also in the bottom workings No nlt Is
ESORofOUs AMOUNT OF ORE.-The lode
IS true assure and continuous 1t has been followed
tanned about 200 feet north of the present frthest
workings of the mine and It is certain that the
ore extends that distance Similarly il is
known 10 extend long way south. Mr.. HARRISGrON
BLAUvFLT, Mining Engineer. who made examina-
ton of the mine at the time when developed only 800
feet in length calculates is shown his report that
for every 10 feet sunk said length of 500 feet 20
the value of $4,000 would be disclosed. on the gen
eralyaccepted theory, sustained by the history OF
mines, the depth of ore in a mine extends TO ABOUT
to extend north and south two miles simple
calculation will demonstrate the quantity
an" sIzE OF 81 'f TsIE I si mining
property covers 30 acres. There also valuable
dam sites water rights timber claims, and town Site
TkfLE.-Ths titles are unquesronable, the Seven
Stars. Hillside Happy Jack and other mines being
held under United States Patent,
E9TGPMEET.-The mines are provided in q very
extensive manner with necessary buildings. such
CompanyS Trading Store Assay Offices, staff Quar-
ters Blacksmith and Carpenter shops suitable Miners
Boarding House, Lodging House, Mil and Reduction
Works Engines and Boilers etc.
WATER AND FUEL.-BOulder Creek affords
sufficient water for running 405tamp mill eight
months in the year. A dam can be built which VIII
afford water for the entire year. while wood, both for
fuel and other purposes, is readily obtanabe. The
Company Owls valuable timber claims, covering $50
acres.
sUBsCRIPTIONS.-Th right is reserved TO re-
ject any subscription, or 70 accept II IN part oefOre
actual allotment. III any subscription Is wholly re-
jected, the amount deposited on application VIII be
returned.
ALLOTHENT.-Ift the whole amount applied for
be not allotted the amount paid application will be
applied SUMS TO become due the allotment Re
cept viii be given for all payments made, and the
COInpany's engraved certificate VIII be delivered as
practicable after all payments have been made
Any instaiment may be paid in advance under dis
count the rate of per cent. per annqn Failure 10
pay any nstalen when due may forfeit all previous
payments.
tered and countersigned by the Union Trust Company
of New York.
DTyIDENDS.-Divdendsw win be paid in gold.
quarterly, nom date of allotment at the office of The
INDUsrRIAL AND MINING GUARANTY COMPANY,
No, fl Broadway, New York, o. :. A.
QUOTATfDNS.-It is intended 20 list the shares
and apply for Stock Exchange quotations.
NEW YORK, september "A, 1892.
ineers who have separately examined the
eating si7s,00O, showing Am average yield