Evening star., 1902-02-19
FINANCIAL.
COPPER STOCK
AS An Investment. :
OFFICE OF THE GEORGE A. TREApwEIJ.
MINING COMPANY. 27 WILLIAM
STREET. NEW YORK.

copper companies a good investment-perh
the best open the investor today-for the follow
ing reasons:
]. The worlds demand for copper is steadily and
rapidly increasing
Electricity is coming into use FOR power more
and more every year and almost every day Tho
waterfalls OF the world 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 and favorably
situated localities aud its distribution In the form
Of electricity a wide area.
All this requires the OF copper In Immense
quantities. for no rival OF copper a conductor Of
electricity has been discovered. Aluminium has
been tried and does not give satisfactory results
Copper still holds the field
Besides copper Is coming to he used more and
more for purposes other than electrical conduction
In the building trades, in shipbuilding and in the
arts. 1t is the only metal that is a universal
alloy.
Trade depressions such "a have prevailed In Ger
many and England during the last two years may
have an effect upon the demand. hut II 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 accumulates its
force, and the trleys that had to wait stlll re-
main to he built
The nineteenth century opened as an age of steam
and iron The twentieth century opens as an age
of electricity and copper The OF copper in the
twentieth century is likely TO increase much as
the use of iron did In the nineteenth century
z. The present known Of copper produc-
tDSuf i,li,Af ba
mand.
More than eighty per cent Of the copper OF the
world comes from four great copper producing dis
trcts-the Rio Tinto I'm 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 their sulphur as on their copper product
for their dividends. Some Of the mines in the
Lake region raising their ores from the depth
Of mile underground the equivalent OF more than
thousand miles above ground and the stock OF
the Amaigamated Copper Company declined not SO
much because of the increase the production and
the decrease In the demand for copper because
the companys properties are for the part
Montana mines, whose future is uncertain
The product of the Southwestern District Of Arf-
zona and Mexico is, 1t is true. steadily increasing
and Is likely TO increase very much beyond its pres
ent limits, but increase much II will. II can
hardly supply the worlds increased demand which
viii 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 It's
present price $3.50 per share, for the following
reasons:
/. Its properties are situated in the two famous
Bug District
The United Verde Copper Company, the property
Of which the first to bring to public notice,
is an example Of what these districts can do
2. The properties Of the George A. Treadwell
Company immense in their extent. Their az
gregation into organization has been the work
which have been largely occupied during the
last twenty years. and during the last five years I
have had the invaluable assistance Of my friend
and counsel, Mr.. Walter s. Logan. The property
consists OF eighty-three carefully selected claims
covering about fourteen hundred acres I believe
1t is the largest aggregation OF copper property In
corporation in the United States outside OF the
Amalgamated Copper Company.
8. The surface developments on the property are
the finest have ever seen. The cap Of gossan
the Clif-one of the g. A. T. properties-is larger
than that the United Verde; larger in fact I
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 IL not foot OF the property that I would
be willing to part with.
A. underground showing nv he
ment work confirms all the evidence of the surface
indications. Already more than three hundred
thousand dollars In cold cash has been spent on
this development work. and it 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 running in a steady
stream from the lower Brookshre tunnel. Ten
inches OF native copper is found the wall OF
the Iron Quee.-, beneath a large body of fourteen
per cent copper ore. The copper deposits already
found in the Brookshire indicate the existence Of q
body Of scarcely IL at all. inferior in volume
and value to that of the United Verde and the
Cliff Badger aud Pastime workings equally
couruging.
g. We have gold and silver well as copper.
All the copper mines Of the Verde Bet are rich in
gold and silver. The United Verde pays half its
expenses with its gold product Our Brookshire is
richer in gold than the United Verde 1t
worked for a long time by the former owners for
its gold alone, the copper being thrown away. and
we have already exposed carrying more than
5000 a ton in gold.
The Importance Of the gold values In copper ore
can hardly he overestimated.
g. am the President OF the company and have
general charge of its operations. and my Erwin
ID. 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, It
will certainly be conservative and economical
T. The company is out Of debt and pays its way
in cash as 1t goes.
g. The company Is conservatfvely organized Not
withstanding its immense and costly property and
expensive development. 1t has capitalization OF
only three million dollars with nearly one-fourth
Of 1t still in the treasury and everything paid for
to date.
Its shares Of the par value Of so. now sell
ing for $3.50.
1 believe that the person who buys one Of these
shares now ut the present price gets a larger In
terest in u better property than be can get by
any other investment
8. I consider this enterprise the cOnsumma tion Of
my life's work. and pledge myself to the COM
pany and its stockholders to devote the remaining
years Of my life to making Ii success. which win
be creditable to me as long az live and a monu-
ment to me afterward. desire other monument
fe1S-3t GEORGE A.. TREADWELL.