The daily morning journal and courier., 1902-04-10
THE KENDRICK PROMOTION COM
 PANY

One of the most successful promotion
 companies in the state of Colorado dur
 ing recent years has been the Kendrick
 Promotion company. It is the plan of
 the Kendrick Promotion company to
 take hold of first-class mining enter
 prses and other industries connected
 with mining, which have been success
 fully exploited to prove that they would
 make safe and permanent paying in
 vestments. The drilling of oil wells
 and the producing of oil is a portion of
 the mining industry. It is considered
 rather more risky than the ordinary
 mining, but is counterbalanced, on the
 other hand, by more sudden and great
 CT profits than mining or common in
 vestments. An oil well can be sunk a
 thousand or more feet in a few weeks
 at few thousand dollars expense, and
 when the well is sunk there is no drift
 ing and extensive underground eXplo-
 ration, as in mining. To sink mining
 shaft thousand feet requires years of
 time and heavy outlay of money; be-
 sides before ore can be mined levels
 and drifts have to be run and upraises
 made. in order to take out and handle
 the ore. In this way oil wells have a
 great advantage, yet we consider them
 more risky, although the sinking of oil
 wells within the known oil belt of Cali fornia has been unusually successful and more men have been made wealthy by it in the past three years than by mining or any other industry of which we know for the amount of capital in
 vested, and the wealth has been made quickly. The Kendrick Promotion company constantly employs the ser
 vices of several practical mining en- glneers, metalurgists and oil experts. among them being men who rank at the head of their professions, whose expe- rence and advice is used in the selec- ton of enterprises to be placed on the market Among the enterprises financed by the Kendrick Promotion company was the Arvilla Tunnel and Mining company of Cripple Creek, of twenty-six acres of ground adjoining and surrounded by the mines of the Is- abella Gold Mining company and Vic- | tor. The Isabella company has paid s742, 800 in dividends and the Victor $1,- | 155 000 The Arvilla stock is principal- | ly held by few, but is worth several | hundred per cent. on the price at which l 1t Is placed. The Kendrick Promotion | company put up the money for build l ing the Gardner Electric Drill and Ma | chine company plant in Denver, and | assisted in securing the money for l large plant in Cleveland for the princi- pal factory The drill is proving a wonderful success and the greatest in- vention in the cheapening of mining since the discovery of giant powder. The factory is running at it's fullest ca pacity, with large number of orders ahead contributed from Maine to Cali fornia, although, of course, larger from | Colodado The Kendrck Promotion also promoted the Kendrick S5 Gelder Smelling company of Silverton. San Juan county, Col "The Western Miner & Financier' of January 16 1902, makes mention of the following facts:
 The Kendrick Promotion company in bringing out the Kendrick X Gelder Smelting company offered the first al- lotment of six hundred thousand shares of stock to charter members provided they subscribed for it within thirty days The subscriptions came in so i rapidly that not only the six hundred | thousand shares, but the entire capital zation. was more than subscribed for | and the over subscriptions with remit tances were returned. The Kendrick X | 5elder Smelling company is now bring | nR out the Oliver Reduction company. 1