The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1903-10-12

Mining company in Colorado, an enter.
prise in which many prominent people
of This state are largely Interested. DR..
Houston was accompanied by NJ. F. Cox,
for eleven years cashier of the Farmers
and Manufacturers bank of Moundsvillc,
and while in Colorado they purchased
and shipped to the Gold Bug mine of
the company a $1,000 plant OF machinery
for taking out the ore. On his return
from the mines, DR.. Houston wrote Mr..
Bethel, assistant to the president of the
company, as follows:
Moundsyille, w. Va, Sept. 10, 'O3.
Mr.. j. U. Bethel.
Dear Mr.. Bethel: Your letter here,
and will say j have visited the Gold Bug
mine. am well pleased with the pros
poets, and | think there is ore enough in
that. one mine to make every man good
money with the proper management.
And as to the other mines, there is
wealth enough in them to satisfy every
stakeholder.
There is no doubt as to the genuineness
of the mines. was down in them and
dug ore and brought some home with
me. Went to the assay Office and got a
report of the assay and it was good.
visited the Board OF Trade building and
there they have over 8OOspecimens from
all the good mines in the state, and The
sample from your Gold Bug mine was
the best sample in the building; not that
it run the highest assay, but it was the
largest and most easily treated. There
were only two Others that assayed high
er, but they were very small specimens
weighing not over five pounds, while the
Gold Bug specimen weighed near 400
pounds. That is why think the Gold
Bug has the best specimen in the build
ing,
The Board of Trade has no pets. They
are for the state. went there to find
out all ] could against the mines, as !
had heard the good side before l went,
l will say it had not been over estimated.
Very truly yours,
tsigncd) /. n. HOUSTON.
The Par Value Gold Mining company
was organized July, 1900, and has been
in operation continually since, commcnc.
ing with third of an acre on Battle
Mountain, in the Cripple Creek district,
on the Monument claim, and adding to
its properties, by purchase or lease, the
following:
The Gladiator of 40 acres the Dameral,
Of so acres; the Wilbur, OF 80 acres; the
Mary Alice, of acres; the Gold Bug,
of 10 acres; the Mary Cashen, of I acres;
the Massasoft, of $40 acres; the Mary
Hunter, OF 2GO acres; the Coriolanus, of
10 acres; the Copper Glance, of so acres.
This makes eleven properties owned or
operated by the Par Value company,
seven in the Cripple Creek district, two
in Turrett tChafTee county,, and two in
Utah, some of which are producing pay
ore, and several others are developed to
the point of production by thousands of
feet Of shafts, drifts and tunnels. They
comprise over $50 acres of valuable min
eral, and are located in the best districts
in the United States and among the
largest and best mines in America.
The Mary Cashier mine adjoins the
Gold Coin mine, which has produced ST.
100000, and has paid 100000 in divi.
dcnds annually, and is also near STRAIT.
toms independence, which has produced
SlO,OOO,OO0, and pays dividends of ST.,
100000 annually. 1t is also close to the
Strong and Portland, two other leading
mines OF the Cripple Creek district, and
ndjOins the original property OF the Par
Value company on the south. The Mary
Cashier mine is opened by shaft sunk
to the depth of $50 feet and is equipped
with first.class plant of machinery. 1t
is now producing good ore.
The CoriolOnus adjoins the Ajax, one
Of the great mines of the district, is well
equipped with machinery, has a shaft 525
feet deep, and has also produced good
ore, Over 100000 has been expended on
this property.
The Mary Alice, which adioins the
Portland and Independence and lies di-
rectly between the two, has a shaft 54J
feet deep and numerous drifts and cross.
cuts.
The Par Value has shaft $50 feet
deep and $50 feet of drifts. 1t is sit.
uatcd like the core OF an apple; between
the Portland, Ajax, Gold Coin, Granite
Stmtton's Independence, Mary Cashcn
Dillon and Strong mines, and is ex,
pccted to produce good results by de-
yelopment. 1t is now showing pay ore
The Damcral property is situated siS
miles south of Victor, contains so acres
and gives promise of becoming one of the
most valuable properties in the Cripple
Creek district, and no doubt will become
very valuable. 1t now shows indications
of good ore. 1t has a shaft 100 feet deep
which will be sunk still further, and q
tunnel 50 feet long.
The Gladiator and Wilbur lie near thu
Damcral.
The Massasoit is located between tho
Mercur uud Bingham districts, Utah, and