The daily morning journal and courier., 1902-03-10
WHERE JOHN W. SCHROEDER
Stanis on Mining Investments.

New Haven, Conn.,, March S, l9oz'
 To the Editor of the Morning Journal and Courier:
 Sir-For the protection of my friends, and in order to save them from any lur-
 ther annoyance as to my responsibility and how far I am a safe guide on min ing investments, I want to state exactly my position so that the general pubic, or that portion of it who have money to invest may know exactly where l am to- day.
 For twenty-five years have followed coal mining as business. I have studied all it's branches from the mine to selling the product throughout the New England States. l know coal mine as I do my alphabet and l consid- CT that have not been brought iii con tact daily with the brightest and most successful business men of this state lifetime without having at least ab- sorbed "a reasonable amount of their in- telligence The jump from coal mining to gold mining was to me not a very hard stunt. and when I was invited last summer to make 6,000-mile trip to visit Silverton, Washington, to in spect the Copper Independent Mining Company's property I did so with the eye of coal expert who knew true Assure vein when he saw it and was able to measure its contents and get a fair idea of the cost of converting 1t into money. To me it was simply cold proposition as to the extent of the ore bodies their value and the cost of manufacturing the product into Uncle Sam's coin. In other words if the ore would bring returns of $l0 per ton at the shelter and it cost me S5 per ton to mine, treat it and get it there, l could make a clean profit of S5 per ton. have a sure market for my production and at profit per ton that coal or any other business would not warrant. Therefore, with production of 300 tons per day I could count on a sure profit of $1, 800 per day, and know of no other business that, with the same amount Of capital invested, could produce such re- suits Gods good earth will produce the best of results, no matter where you tackle it. if you will only bring the proper machinery. brains and labor to get it out Don't go into mining or any other business with the idea that the Almighty is going to hand you out the gold nuggets.
 Modern machinery has to-day made it possible for positively low grade ore to be worked at great profit Mines that a few years ago were abandoned be- cause the ore was not of sufficiently high grade to be worked at a profit are now among our best paying mines. The Copper Independent is now earning 90
 .4,I tt0I nNN6 will soon earn double this amount.
 The Nancy Gold Mines and Tunnel | property, which I am now offering, is a similar proposition and it's within the next five years will | pay three times over the amount in- | vested in it now These l know to be | facts, not from any guess work, but | from my knowledge of the veins, their value and the daily amount of ore they | an produce.
 Finally let me say to those who do lot know the facts that all the proper .ies that I have recommended are go1d paving investments, and if there is any stock laying around loose that I sold hree months ago and the owners want 70 part with it all they have to do is % bring it to me and I will give them 0 per cent. over and above what they paid me for it. and they are welcome to he dividends they have received on it.
 This is my position and I have gone o the trouble to write this letter not Q explain to the people I deal with hey know my position and how well heir investments have turned out--but g for those who do not know what a yold mining proposition is as handled o-day. Yours truly,
 JOHN w. SCHROEDER.