The Providence news. (Providence [R.I.]) 1891-1906, 1899-08-08

copper, and large amounts of the metal
marketed In Baltimore and philadelphia,
at time when the ore had to be hauled
by wagons from $50 20 800 miles to a
railroad, and only discontinued when the
surface ore had been marketed; mining
and "a plant to work fJIe ore on the
ground, became necessary. As In the
early days af California gold mining, the
time came that expense was necessary
and it was not all profit work stopped.
These same California mines, taken up
subsequently, by men OF capital and en-
terprise, are now the most profitable OF
all and pay millions of dollars per year
in dividends.
This great property for the control of
which million dollars was once refused,
has been held by the owners for favora-
BILE market and awaiting the development
Of a proper method for treating the min
eral contents economically on a large
scale. The Boston and Texas Copper
Company has secured the property and q
system for treating the ores and Claws
successfully employed at Mansfield. Ger
many, for hundreds of years on similar
deposits, and will operate it for all there
Is In It.
The deeds for the property call for
1924 acres as patented BY the State. but
it is believed IL will survey nearly 20, 600
acres. 1t Is some 80 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 it one of the
greatest copper properties in the world.
and il Is believed II will prove equal 10
the Calumet and Hecla, which has paid
over $50, ,000,000 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 holders
of securities. Over 0,000, 900 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, 900, 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 10000, 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 divi-
dends, and the future is more promising
even than the past by reason of the ron-
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
Oar Sl0) TO provide additional money for
plant and development; and it is believed
that the company will soon be on dividend
paying basis, when the stock now offered at
IS 90 per share, will be worth par and
more. The shares of the Calumet aud
Hecla Company which once sold in Boston
at one dollar per share are now worth eight
hundred dollars per share.
Ii is announced that the price wiz 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 NJ. Low, Mayor of Brock
ton, Mass, is president of the company,
George w. Russell, Esq, paper manuiact-
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 I,rem ,nt
Boston, Mass.
Remit by Check, T.. o. Order or Regis
tered Letter for stock desired 10 Edward B.
Robins, Treasurer. Prospectus, reporss
and full information on application.