Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1902-06-18
OLD ME xtCO.
Modern Methods and New England
Enterprise in Copper, Silver and
Gold Mining Meet With Suecsss.-A
Notable Example.

courage the introduction OF America
capital, push and energy is 4 larg
factor in the present development
the mining and agricultural resource
OF that country. Mexico and its riche
are Just in the way Of becoming know
TO Americans as affordlng great op
portunities for investment, and as
consequence they are going there II
greatly increasing numbers and devot
ing their attention to the mining posi-
bilities.
Mexico is a great mining country
and the many advantages, including
rich ore deposits, cheap labor and fin
climate, have resulted in remarkabl
profits in mining. The most promi
nent and the richest district which ha
been so far developed is known q
Guanacevi Mining Camp, State of Du
range. Here there ~ q town Of 600
population: here the Hearst estat'
owns and operates several b mama
and has a thirty stamp mill: here il
the Barradon mine and mill which ha,
produced millions Of dollars for it!
owners; here is la Predilecta,' which
is operated at a net profit of $4,000
per month for its owner Don Hilari6
Losoya: here are the Arianena, Cavil.
lana and Santa Cruz mines and fifty
stamp mill which have been famous
producers of silver and gold.
In this district are also the Colo
radas" adjoining La Predilecta,' La
Purimaso and El Tigri adjoining
Santa Cruz" and which with other
mines numbering seventeen claims in
-
Mines Company. This company also
ment about 25.00G acres Of well tim
bered mineral lands in close proximity
to the working mines.
The company owns a full equipment
of the best up date machinery. in
Guiding fifteen stamp MILL air COM
pressor pumps. engine, four boilers
with 4 total of 200 IL. P.), and all the
buildings required for use or comfort.
They have expended about 100000 in
development work to date and over
$4,000 has already been taken from
the mines. Assays from carload Ship
ments 70 smelter at FL Paso run sixty
two ounces to 1850 in silver and fifteen
to seventeen ounces in gold to the ton.
Experts state that an outlay of $4,000
Slopes out ore in Coloradas mine and
can commence earning in ninety days.
With such rich mines, so many prac-
teal advantages and resources, perfect
title ana no debts, there is with good
management every prospect of great
wealth for the stockholders Of the com
pany. In fact good dividends are as
sured of being earned and paid this
year. That the management is in safe
and capable hands only requires a
knowledge Of those Interested and in
control. 1t will be noted that the of
ficers are mostly well known New
England business men Of character
and standing.
The President is T. 3. Purinton Of
Fairfield. Maine. and a member Of the
firm of S. A. Nye & Co., lumber mer-
chants of that place.
The Vice-President is Oton Bercht,
Ex-President San Marco and Tecoluta
Railroad. capitalists, Mexico City. Mr..
Bercht was the original owner of the
mines and is now one of the
largest stockholders. The Treasures.
and Trustee is Charles E. Maxwell.
real estate. Boston. Mass. His large
acquaintance know him as a very con-
sentative business man and of strictest
integrity.
The Secretary is George F. Hathe-
way, investments, 1913 Milk street, Bos-
ton. Mass. Mr.. Hathaway has a very
active part in the management as his
friends would expect him to have in
any enterprise where he was inter-
ested. He is a well-known member OF
tn Chamber of Commerce. a man OF
resources and ability and connected in
the past with successful enterprises.
His judgment and practical experience
are of great benefit to the company.
The General Manager is A. Stanley
Fisher, a we'll known Bostonian. He
has recently returned from q complete
tour of inspection of the Mexican
properties and prepared very inter-
esting and favorable report thereonI
for stockholders. The other Directors
include-Hcrr Max Won During. Con
sui General of Netherlands to Mexico
and Acting German Consul, Mexico
City.
Charles Kleinschmidt. mint owner
and operator Guanacevi, Mexico.
H. Z. Elston, hardware merchant
NorristOwn, Pa.
~ - -iiici' ~ -. -, fdlTIelC. Me.
Dana p. Foster, Attorney, Trustee of
Waterville Savings Bank, Wateryille,
Ne.
The Repositories are Mexican Trust
Company Mexico City, Mexico: Com
mercial National Bank. Boston, Mass.
Peoples National Bank, Waterville.
Ne. The Office Of the company IS at
l53 Milk street. this city.
The company is incorporated with a
capital of $2,000,000; shares s1.OO each,
par value. full paid and forever nom
assessable. OF this amount 1000 200
shares are held in trust for the Treas
ury. limited offer of stock for in
Vestment is now being made.
This is a chance for Investment
Where security is combined with cor
tainty of large returns. and appeals to
the small as well as the large investor.
The writer commends the pronosition
TO Times readers as worthy of care
full consideration.
me directors have all invested in
this company, their friends are also
making investments in it and he al
lotment for public subscriptions is
limited both as to time and price. A
strictly business proposition al
through the chances for good and reg
ular dividends and a large incra., II