Rogue River courier. (Grants Pass, Or.) 1886-1927, 1900-11-29
OF Interest to Miners.

NIanlc ass, WIN iho ooJSNN VI SiHb
ing our mineral resources more rapidly
to the front:
The Mining and Connie 'cial Club of
Grants Pass in addition to making arrange
ments for advertising the mineral re-
sources, also desires TO be of some material
assistance to the mineowneT, therefore the
Mining Committee, composed of Messrs.
J.:D. Fry, II. c. Perkins, z. H. Harth,
W. 7. Cope and G Il. Rowland, has been
empowered to oier Its services in certain
lines, which this letter is intended to make
plain to you.
Ii you own a quartz mine which has a
tunnel in 100 feet, or shaft down fifty
feet and are desirous OF placing the mine
on the market in order TO further develop
it, there are two ways of doing so; namely,
sell an interest outright, or else issue stock
and sell the stock on the stock board.
II you desire to sell stock, this Mining
Committee will furnish a written recon-
mendation with an expert report, and this
will tend to strengthen the confidence of
mining investors in your mine.
The other proposition, which the Mining
Committee will attempt to handle, will be
where you have promising, undeveloped
prospect, in quartz or placer, and want
some money to develop it, to an amount
not exceeding $1,000, and you agree to give
a certain interest in the mine for the ex-
penditure of a certain sum of money, this
committee will interest its friends TO fur
nish the money, and take a deed in escrow
10 secure such advance. When the amount
has been expended the deeds pass and the
work of the committee ceases.
The portion of the Constitution and BY
Laws of the MininP and Commercial Club,
defining the duties OF the Mining Com
mittee. reads as follows:
The Mining Committee, consisting of
five members, shall meet at the call of its
chairman at any time and place selected
Three members shall constitute a quorum,
but all the members shall be notified of
each meeting by the secretary.
at shall be the duty of the Mining
Committee to pass upon the report of the
secretary regarding any mines, or other
enterprise, which may desire to incorpor-
ate and place stock on the market for sale
This committee shall instruct the secretary
to visit such property desiring to incorpor-
ate, or may accompany the secretary, and
the expenses of such visit shall be paid by
the owner OF the mine or property, but the
| Club shall pay the per diem expense. The
secretary, or committee and secretary.
shall examine the property and make a
written report, covering the following
points: /. Kind Of property. 2. Loca-
ton. 3. Owners name and postoilce adj
dress. 4, Condition OF title, 8. All de-
tails connected with property in order to
show prospect for its becoming profitable
investment. 6. Bring samples of pro-
duct of property for placing on exhibition.
"rhe Mining Committee shall act on
said report and by majority vote decide
whether il would be advantageous TO the
interests OF Josephine county to recon-
mend the listing Of such property. II the
report is favorable then an expert shall be
engaged at the expense, and with the con.
sent Of the owner of the mine or property
who shall make a written report detailing
the best plan to deyelop the property and
probable cost Of such development. The
two reports shall he sent to any mining
exchange desired by the owner, with 0
recommendation OF the committee that the
property be listed, All the proceedings o
the Mining Committee relative to testing
mines or other property shall be secret
and not until the property is accepted by
the mining exchange where sent shall saiC
committee make known its report. Tn,
owner OF the property is not bound in any
manner to secrecy.
In case any person may have quartz
placer or other prospect which they desir,
developed. said committe may secure full
report on same, with an estimate on tn,
amount of money, which is required I,
develop it, so that il may show what IL
value may be (but in no case shall sucl
development cost to exceed $1,000
"Such committee shall then enter into
contract, using one OF its members as
trustee, wherein. upon the expenditure o
said $1,000, or less, secured from individual
and not from the club, certain interest II
such prospects shall he secured for sal,
individuals.
Deeds to the property shall be placed it
escrow, and when said 5000, or less, ha
been expended by said committee on TN
mine the deeds shall be delivered 10 TN
parties in interest.
THE Mining Committee has authorit!
to have a prospectus OF such propert!
printed and sent by the secretary to eacl
member OF the Club, showing just what tn
terms OF the investment are and what al
interest will cost
II this Mining Committee can be Of an.
service to you, please call on any member
or call on Ur address the Secretary Of th
Club. L. c. Pentland. Grants Pass An.
information given by you will be held as con
ndential. The committee would be please
20 receive any written suggestions 20
may wish to offer on the objects Of thi
Mining Committee.