The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-10-06
CT s.

This company presents an unusual opportunity
for investors to acquire an interest in one of the
richest and most extensive gold mines in the world,
in which not only are dividends payable quarterly in
gold, 10 per cent per annum on all stock allotted on
also an agreement to redeem their stock at par within a
definite perioi at the expiration OF two years, should
they become dissatisfied with their investment, as
hereinafter stated.
Hon. H. II. Warner, of Rochester, N. y. of war.
neT's Safe Cure" fame, after spending several weeks
in critically examining this mine, in which he was
aided by some of the most experienced mining en-.
convinced of the extraordinary value OF the property,
at atT the e1 head ea Of q the undertaking. if so desired, and has
also agreed TO take 1000 0C shares in the company.
he guarantees to every shareholder TO whom is allotted
stock ON Il is subscription a dividend OF 10 per cent.
gil. unless a total of IS per cent. shall have been
paid with in "a shorter time.
He also Iurther agrees TO purchase at par in gold
all guaranteed stock allotted on this subscription
within the thirty days immediately following IN ex,
stock. provided he receives said thirty days notice
of such stockholders desire TO sell.
stock will be legally expressed anil signed by guar
antor on each certificate allotted Tn this subscription.
tia sssid Tesp nS sngh geS Mpi MaT Tlara agrees sn to |. "dn deposit
in trust with the industrial and Mining Guaranty
Company of New York, bonds or stocks of railroad.
or N %lusfrial corporations to an amount necessary to
provide for the full payment of the five years dIvi-
bends guaranteetro IN all stock allotted on this sub
s~cription; only such securities to be deposited as are
dealt in on either the New York or London stock
In consideration of this guarantee the vendors
agree to &c posit with the Union Trust Company, of
Gold Mining Co., Of the value at par, OF five hundred
thousand dollars. to be held in trust by the said
Union Trust Company until the guarantee given. by
Mr.. Warner. as set forth in this prospectus, shall
have been fulfilled.
This novel feature, while presenting an unusual
departure in mining g tterprises. is warranted by the
fact that the value OF the ore in the mine already ex-
posed, surveyed and ready for removal exceeds the
Total amount of dividends guaranteed by f1,250,O 900.
In addition to this il Is estimated that an expenditu re
OF 500, 900 will disclose additional ore TO the value
of $3, 000, 900. 1t will readily be perceive | that Mr..
Warner assumes but little actual risk in his guaran-
tee when the immense body OF ore already developed
and ready for removal Is taken into account; the
proposition being not unlike the cash reserves in a
bank, subject Ia be drawn upon as occasion requires.
The magnitude OF the prOperty may in some de-
gree be realized from the fact that, with a fivestamp
mill the output OF the mine is at present about 81 900
D. day. With twenty additional stamps, now i'm
course reconstruction, the output should reach So 600
per day. Allowing 300 working days to the year,
this would bring the annual production OF the mine
up TO 81 100000
company is formed to acquire,
without further expense or liability to subscribers.
on Oct i, 1892, as a going concern" and to provide
n working capital OF 500, 900 TO further equip and
develop the Seven Stars, Hillside and Happy Jack
Mines. comprising the following patented claims:
Seven Stars, Happy Jack, Hillside, Camp, Contact
No. / and Contact No. 2. Also the locations known
as the Mesa, Elwocd. Midnight, Mescal, Waterfall
and Boulder.
SITUATION-These mines are in the Euret a
miles from Prescott. Arizona, although a compare
lively new mining field, has already produced seven
tytwo millions of dollars 81 ,000,000) in gold and
silver.
WHAT is THEIR RECoRDl-This very rich
gold vein was found by John Lawler on the evenin 2 of
March IL, 1887. He developed the discovery Into a
great a d very rich mine. While opening up the
which some $3.50, 900 was soil. Since that time. the
workings have been very much EXTENDED, and the
mine has continued TO improve in value IN richness.