Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1897-03-12
WHAT 81 A MONTH WILL DO
SALT LAKE, MINING IMPROVEMENT
ASSOCIATION.
Purpose OF the Association

mining property, developing the same
and purchasing such as are desirable
and demonstrated TO be profitable for
working and mining.
PLAN.
This Association Is limited to FIVE
hundred members, and each member
receives one share OF stock the par value
of which is one hundred dollars. After
a property has been developed and dem
onstrated to be of greater value than
the option price, then each member
ship is subject to an assessment of ten
dollars, and such assessment TO be nsed
only for the purchase of the property,
and in no case will there be an assess
ment when It Is possible to ship the ore
so that the property can lift It's own
bond. In order to make II as easy as
possible for members 10 meet any as
sessme..t that may be made, the BY laws
provides that no more than two assess
ments shall be made in any one year.
and sixty day notice be given each
member for each assessment of $1,000.
No more than one membership certl1
cate will be sold to one person.
Inorder 10 meet expenses FOR expert
ing mining prospects and developing
the same, until they become on a pay
ing basis, each membership certificate
will be assessed two dollars per month.
PROSPECTS.
In this and adjoining States, options,
bonds and leases can be obtained at very
low prices on mining properties, In ia
vored localities, owned by ProsPectors
and other parties, who have not sufh-
cient means 10 develope and demon
strate the value of their properties, and
private capital is seeking only demon
strated mines of great value. Associa-
ted capital can avail itself of these OPP
portunities, and at the same time il re-
ouires comparatively small individual
dues. and membership certificates in
stead of being assessed, will draw divi-
dends as soon as the first property is
developed into paying mine. There
is no enterprise which offers more in
ducements to investors of moderate, or
even considerable means, than a devel-
opment association of this description.
The outlay that is hazaTded is only NOM
inal, and the capital is only expended on
mines after they have been thoroughly
exported and shown to be of greater
value than the option price.
But this 1, not all. Properties will be
obtained which will become dividend
producers, 10 be held and operated by
the Association permanently. Divi-
dends will take the place of assessments,
and the vast riches of q mine will be
distributed equally among the FIVE hun
dred holders OF Membership Certificates
and give to them all a permanent and
handsome Independent living.
This is what g. a month will do.
backed up by a determination TO stay
with the Association. Il Is not desir-
able that subscriptions be made unless
i, is with the intention on the part OF
the subscriber to meet his dues, until
/ practical results are obtained
PROSECUTORS.
In almost every case, the prosPectors
are men of limited means. Men who can
buy provisions enough to last them a
| month or two, will go to the mountains
and prospect, and when their grub IS
running short they seek employment
! generally in some mine,) save uP little
/ money and dc the same thing over
| again, and they are anxious to associate
/ themselves with ar association that has
| the financial ability to bond and develop
any favorable location they may have
| the good fortune 10 make, because Il
takes very little money to prospect but
| considerable money to develope prop
erty and It is through the prosPector
/ that this company will be able 10 secure
/ a large number of valuable mining
properties on a very low bond, and all
prospects are thoroughly examined and
reported upon by our mining expert,
| and only the most favorable are bonded.
OPTIONS, BONDS AND LEASES
! In taking an option or Bond on a
property for one year, at stipulated
| price II gives the Association time to
work and develope such property suffi-
cient.v to determine Its value before
| buving the property. And no property
will be bought unless II IS demonstrated
/ bevond any question of a doubt that the
property is worth more than the option
price. So that the only money that is
| hazarded is the developing fund, made
up ty assessment of $500 per month.
[ 1t is true that we may work on several
properties before opening up paying
mine, but we are just as sure to open up
a paying mine from some of the proper
| ties that are developed as the sun is to
4 rise. II is sure to come sooner or later
and those who stay with the Associa-
| ton are sure to receive the benefits OF
the riches of a mine.
Paving mines are often leased TO re-
sponsible parties on percentage of the
net profits so that & paying property
may be bonded and leased.
WORKINGS OF THE ASSOCIA-
TION.
The management of this Association
will not rush indiscrimiuately into every
property that is presented. We have
! men here connected with the associa-