Evening star., 1902-02-20
FINANCIAL.
COPPER STOCK.
AS Am Investment.
OFFICE OF THE GEORGE A. TREADwEIL
MINING COMPANY, 81 WILLIAM
STREET. NEW YORK


the best open to the investor today-for the follow
ing reasons:
I. The worlds demand for copper 1. steadily and
rapidly increasing.
Electricity is coming into use for power more
and more every year End almost every day. The
waterfalls Of the world are being rapidly harnessed
to the worlds industries and the discovery Of fuel
oil In such quantities in Texas and California
makes possible the cheap generation OF power by
steam on a large scale In central aud favorably
situated localities and its distribution In the form
Of electricity a wide area
All this requires the OF copper in immense
quantities. for no rival OF copper as a conductor Of
electricity has been discovered. Aluminium has
been tried and does give satisfactory results.
Copper still holds the field
BESIDES. copper 10 coming to be used more and
more for purposes other than electrical conuction
In the building trades. in shpbuilding and in the
arts. 1t is the only metal that is a universal
alloy.
Trade depressions such as have prevailed In Ger
many and England during the last two years may
have an effect upon the demand but II is only tenn
porary and when the depression disappears the de-
mand for copper will Increase all the more The
stream that is damned up only accumuIates its
force. and the trolleys that had to wait stll re-
main to be built
The nineteenth century opened ms an age OF steam
and iron. The twentieth century opens as an age
OF electricity and copper The use of copper in the
twentieth century Is likely to increase much as
the use of iron did in the nineteenth century
2 The present known sources OF copper produc-
tion are insufficient to supply the inevitable de-
mand.
More than eighty per cent Of the copper Of the
world comes from four great copper producing dis
trcts-the Rio Tnto In Spain the Lake District
and the Montana District in the United States and
the Southwestern District in Arizona and Mexico.
Competent observers believe that the Rio Tinto
the Lake region and the Montana region have all
seen their best days
The Rio Tinto properties already depend quite as
much on their sulphur their copper product
for their dividends. Some Of the mines In the
Lake region are raising their from the depth
OF mile underground the equivalent OF more than
thousand miles above ground-an the stock Of
the Amalgamated Copper Company declined not so
much because OF the Increase in the production and
the decrease In the demand for copper ms because
the company's properties are for the most part
Montana mines. whose future is uncertain
The product of the Southwestern District Of Ari-
zona and Mexico Is 1t is true steadily increasing
and is likely to increase very much beyond Its pres
ent limits, but increase as much as II will il can
hardly supply the worlds increased demand which
will follow increasing prosperity.
l recommend the stock Of the George A. Tread
well Mining Company as, all things considered.
the best copper stock the market TO buy at Its
present price. $3.50 per share. for the following
reasons
!. Its properties arc situated In the two famous
districts Of Arizona-the Verde Belt and the Big
Bug District.
The United Verde Copper Company, the property
Of which was the first to bring to public notice.
is an example Of what these districts can do
2. The properties Of the George A. Treadwcl
Company are immense in their extent. Their ag-
gresation into one organization has been the work
on which have been largely occupied during the
last twenty years, and during the last fve years I
have had the invaluable assistance Of my friend
and counsel, Mr.. Walter 8. Logan. The property
consists of eightythree carefully selected claims
covering about fourteen hundred acres I believe
it is the largest aggregation Of copper property In
one corporation in the United States outside of the
Amalgamated Copper Company.
3. The surface developments on the property are
the finest have ever seen. The cap of gossan on
the Clin-one OF the q. 4. I. propertes-is larger
than that on the United Verde; larger In fact 1
believe. than any other in the world The indica-
tions on the Brookshire, Green Monster, Spoke and
StOnewall and Iron Queen scarcely less en-
couraging
There is not foot of the property that | would
be willing to part with.
f. The underground showing made by the devclop-
ment work confirms all the evidence of the surface
indications. Already more than three hunde,
thousand dollars In cold cash has been spent on
this development work. and 1t is well within
bounds to say that the expenditure OF every dollar
has developed ten dollars worth of values Copper
water even stronger than that which flows from
the United Verde is now running in steady
stream from the lower Brookshire tunne.. Ten
inches of native copper is found the foot wall OF
the Iron Queen. beneath a large body Of fourteen
per cent copper ore The copper deposits already
found in the Brookshire indicate the existence OF
body Of scarcely II at all, inferior In volume
and value to that Of the United Verde. and the
Cliff Badger and Pastime workings are equally en-
couraging.
g. We have gold and silver well as copper
All the copper mines Of the Verde Belt are rich In
gold and silver. The United Verde pays half Ito
expenses with its gold product Our Brookshire 10
even richer in gold than the United Verde. 1t was
worked for a long time by the former for
its gold alone. the copper being thrown away, and
we have ore already exposed carrying more than
$500 ton In gold
The Importance Of the gold values In copper ore
can hardly be overestimated.
6. am the President Of the company and have
general charge OF its operations, and my son. Erwin
D. Treadwell. whom Mr.. Logan calls 'chip OF
the old block" is in charge Of the work Super
intendent of the mines.
Those who have faith in us will be satisfied with
the management. Whatever else 1t may lack, 10
will certainly be conservative and economical.
Z. The company is out Of debt and pays its way
In cash it goes
8. The company is conservativey organized. Not
Its immense and costly property and
expensive development. 1t has a capitalization Of
only three million dollars, with nearly onefourth
Of it still in the treasury, and everything paid for
to date.
Its shares. Of the par value Of $40. now sell
Ing for $3.50.
believe that the person who buys Of these
shares ut the present price gets larger in
terest In a better property than he can get by
any other investment.
g. consider this enterprise the cOnsummation of
my life's work. and I pledge myself to the COM
pany and its stockholders to devote the remaining
years Of my life to making IL a success which will
be creditable to me as long l live and a monu-
nent to me afterward desire no other monument.
fe1S-3t GEORGE A. TREADWEIL.
NNm