The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-05-30
Sale OF Treasury Stock
for the Erection Of a
COnCentrator aud
Tramway.

Crawford 4 conover. Of Seattle. have this
day been appointed the official brokers OF
this company for the sale Of its treasury
stock. All application for stock must b
made 10 tnesn- and OF them may DO had
prospectuses and full Information.
kASLo-MoNTEzrAIA MINING AND
G l. WEEB. President
MAURICE M.MICKEaN. Secretary.
-Pos,-Inis,ligenccr, May =
Several months ago the owners Of this
property animated to u that when they
had more thoroughly opened up the mine
and secured the title deeds they would
offer Us the appointment OF brokers for
the sale Of the treasury stock. to be put
aside to realize funds for the erection OF .
mill and making other improvements for
the development and betterment Of the
property. We then began investigating
the mine on our own account We have
had It examined by the NEST competent
authorities. and have reinforced these re-
ports with opinions Of many disinterested
mining men in the SLOGAN country. who
have incidentally watched its develop
ment.
The result has been surprising. Every
opinion agrees that the ore already blocked
out In the preliminary work will make the
MONTEZUMA dividend payer for many
years. and from the work s-ow done It 70
impossible to estimate the amount not yet
uncovered. Prof. William ]. Tre,heway.
who Is pre-eminently the leading mining
engineer of Canada, after examining the
Montezuma, says: '@This mine has proba-
bly, the largest ore chute in the SLOGAN
country. and affords every convenience for
economical mining
The company owns not only the Monte
mma, but the Mexico, the Vera Crus and
the Buena Vista, adjoining. and upon
which positively no work has yet been
done. all In the SLOGAN mining district.
British Columbia.
The development consists OF more than
coo feet of tunnels, crosscuss and shafts.
OF 1l5 feet. following the foot wall Of the
vein.. disclosing a body of ore the entire
distance. averaging six feet in width. On
the same level another tunnel has been
driven - feet. following the hanging wall.
disclosing body OF high grade carbonatcs
as well as concentrating ore At q distance
Of 50 feet crosscut was started from the
hanging wall and run through to tne foot
wall This entire distance OF 81 feet Is all
In ore. No. tunnel Is connected with No.
tunnel, 50 feet beneath. by shaft, sunk
the entire 50 feet through ore. The vein
in No. tunnel has been developed along
It's course a distance OF 100 feet, showing
the ore chute TO be an average OF 10 feet
In width the entire distance. This level 10
being extended daily with gratifying re-
suits. The development shows over 12.oo0
tons OF concentrating ore. averaging Is
per cent. lead and Is ounces silver. This
will concentrate about ~ tons into I. CIV
ing 200 tons Of concentrates which will
average 81 per cent lead and IS ounces sill
yer. an aggregate Of s,ls4.too pounds Of lead
and 1875. 900 ounces Of silver. worth SIS a ton.
a total of SOD. 90.
The shaft is being sunk. still all In ore. to
a third tunnel now being driven nearly 500
fee. beneath the second tunnel. This 1t IL
believed will treble the present visible sup
ply OF ore and treble the value OF the mine
The Mon.eznma Is past the experimental
stage. j; has one Of the largest ore bodies
yet brought to light. 1t Ia already q great
mine and will begin to pay dividends a.
soon as the concentration Is ready to han
die the ere.
It's presen; development guarantees this
and how much greater a mine It will b
only the future can determine.
Two hundred and twenty-five thousand
shares of stock at the par value OF 81
each are offered for sale as treasury stock.
at g cents a share. the proceeds 10 Be
used I'm the erection Of conceutrAtor and
tramway. OF these rs GO shares, 40 go
shares have been already taken by Brit
ish Columbia syndicate. The owners.
Meesrs. c. l.. Webb. r. G. Hughes. Maui
rice McMlcken and Charles d. ssimson,
men whose names back OF this stock are
better than any formal g'iarsnteea desire
the remaining 70. go shares placed ~ their
home city. Seattle.
We offer this stock with perfect conf
dcnce that 1t will return handsome d.vt.
dends. ana double and treble In value.
We OFFER I, az the most thoroughly DEM
onstratets mining proposition yet cnersd
In Seattle and the only one that We have
cared 10 associate ourselves with.
All Of the stock except the small amount
now offered for the bettsrment of the prop
erty. Is pooled and absolutely OF the mar
kst- Applications may now be flied. but
the stock VIII not be sold until next Tues
day. June 1. On that day Mr. Webb. pres
iaent OF the company. will Be al our Of
Gee and wiIi give Any further information
concerning the property. Prospecsases may
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