The Clarksburg telegram. [volume] (Clarksburg, W. Va.) 1874-1926, 1903-10-16


and Is now near the vein which Is bang
driven to cut.
The Turrett mine. known - the Gold
Bug, Is located at Turrett, ChaHee ccun-
Ity, Colorado, and IN q new and promising
district There are other good producing
mines in the sanaa locality The Gold
Bug Is developed by . shaft over 500 feet
in depth and about 100 feet Of drifting.
PAY ore has been talsen from the proper
| ty running from $500 to $4,000 per
| ton. and there is q large amount of pay
ore uncovered in the shafts and drifts
This property has but recently been ac-
quired by the company, and i now being
put in order for operation. It IS expect-
ed that this mine will prove equal TO any
in the Cripple Creek district.
| "A plant comprising lO0-horse power
boiler and Fairbanks Morse hosting en-
CINE, with q capacity of 1900 pounds, ut
| n speed of 500 feet per minute, 1000 feet
OF hoisting steel rope, two steel ore buck
cts, tanks and ali necessary supplies
and fittings, tools, blacksmith's outfit.
etc, is now being installed.
With the quantity or ore In sight TO
be taken out in the Gold Bug mine, this
plant and the development done and pro-
jected, should give US a good paying
mine within q very short time.
The Copper Glance is located on Badg-
er Greek, close to TuTett. The highest
grade of copper ore has ben found ON
this property, running as high as 70 per
cent. copper. We shall drive a tunnel
which will tap the vein at depth of
200 feet, thus relieving up Of the water
problems, and with increased depth the
ore should be of larger quantity and
value. At present the development con-
sists of two shafts 100 and $50 feet deep
respectively, showing pay values all of
this distance.
The company has produced nearly $4O,-
i 600 worth of ore, gross, and has expend-.
ed in operating its properties from $500
to S. 1000 per month for three years.
1t possesses the great advantage of
not being dependent upon the results
of one mine. but has eleven ON which to
depend for results. and any one of the
seven of the properties would Justify
the capitalization of the whole at the
present selling price of the stock.
All of the pronerties are well deyelopet
and have had from one to three wears,
work done ON each. bringing some to
production and the others near It.
This company, therefore, has the adj
vantage of large acreage, a number of
mines in important districts. with many
thousands of feet of DEVELOPMENT work
done. and from one to thre wears, time
Expended. and its properties at the point
OF production. It has grown from a
third of an acre to 500 acres IN two wears
and a half, and from one mine to eleven.
1t i conseryatively capitalized. and
managed by competent: and experienced
men in the interests of the stockholders
ON the most careful business principles.
All the proceeds from the sale of stock
20 into the treasury for DEVELOPMENT and
other purposes of the company. and the
shares are sold at the lowest price that
will give the company the money needed
for its requirements. Nearly 5000 600 has
been raised and spent ON it's properties.
and. including the work ON the Mary
Cashen. fully $4,000 OF work and plant
are Represented in the development. with
out counting the value Of the properties
themselves.
The officers and directors nre.
.go-epb II Rea1I. nres;de,t. Camnbcll
.yobes. vice president; j. uhIc Bethel.
assistant to president: jas. II. Jordan.
secretary and assistant treasurer: J. r.
humphreys. assistant secretary; David
/ I1eaton. general muuaSer.I. \. Houston.
NJ. d., Moundsvillc, ". Va; Henry
Baird, cashier National Bank OF Della
ware, Wilmington nj J. 9. sIeSaushton,