The Providence news. (Providence [R.I.]) 1891-1906, 1899-07-31

copper, and large amounts of the metal
marketed In Baltimore and Philadelphia,
at time when the ore had 10 be hauled
by wagons from $50 to 800 miles TO
railroad, and only discontinued when the
surface ore had been marketed; mining
and a plant to work the orc on the
ground, became necessary. As In the
early days af California gold mining, the
time came that expense was necessary
and 1t was not all profit work stopped.
These same California mines, taken up
subsequently by men of capital and en-
terprisc, are now the most profitable OF
all and pay millions Of dollars per year
In dividends.
This great property for the control OF
which q million dollars was once refused.
has been held by the owners for favora.
BILE market and awaiting the dcvelopmem
Of proper method for treating the min.
eral contents economically on a large
scale. The Boston and Texas Copper
Company has secured the property and
system for treating the ores and clays
successfully employed at Mansfield Ger
many, for hundreds Of years on similar
deposits, and will operate IL for all there
Is In it.
The deeds for the property call for
12,274 acres nc patented by the State. but
il Is believed IL will survey nearly 1000
acres. Ii Is some - miles wide and 10
to IL miles long, and the equivalent of
nearly 1000 ordinary mines or mining
claims. The highest expert and engine.
ering authorities pronounce IL one of the
greatest copper properties in the world,
and 1t is believed 1t will prove equal 10
the Calumet and Hccla, which has paid
over SEQ, 900, 900 in dividends, and returned
$500 for every dollar paid in on the stock.
Copper mining is so uniformly successful
and profitable that few know anything OF
the industry except the fortunate helders
of securities. Over SOC, 900 coo pounds OF
copper is now produced in America, worth
$50, 100000, or within 10 per cent of our
total gold product. and this enormous pro.
duction, netting S25 200, 900 to the owners
annually, Is by about twenty properties,
located in small territories in Texas, Utah,
Michigan, Montana, California and Arizona
The latter produces 10, 900, 900 lbs, and the
Boston and Texas Company's great property
is on the same geographical line.
No industry equals copper mining in
stability, prompt and uniformly successful
results. 1t is the safest and best American
investment. The principal companies pay
from 10 10 400 per cent per annum diyi-
dends, and the future is moro promising
even than the past by reason of the .>on.
stantly increasing use of copper.
A portion of the full paid unassessable
stock of the Boston and Texas Copper
Company which controls this great prop
erty may be secured at $500 per share
(par Sl0) to provide additional money for
plant and development; and it is believed
that the company will soon be on a dividend
aying basis, when the stock now offered at
IS 90 per. share, will be worth par and
more. The shares of the Calumet and
Hecla Company which once sold in Boston
at one dollar per share are now worth eight
hundred dollars per share.
IL is announced that the price will be
advanced as soon as the amount is sold
that is set aside for this purpose and it is
believed the stock will have a large value.
Hon. Emery M. Low, Msyor of Brock
ton, Mass, is president of the company,
George w Russell, Esq, paper manufact-
urer, Boston, vice president, Major +. NJ.
Spaulding I'd Vice President and Financial
agent, Col. Edward b. Robins, treasurer,
Col. James NJ. Wheaton, Boston Secretary,
and its directors are composed of strong
men.
The company's Offices are in the Tren INT
Building, Boston, Mass.
Remit by Check, Il. o. Order or Regis
tered Letter for stock desired to Edward b.
Robins, Treasurer. Prospectus, reports
and full information on application.