The Clarksburg telegram. [volume] (Clarksburg, W. Va.) 1874-1926, 1903-10-16
GOLD IN COLORADO
A BONAN "a Mine


4 n Houston. of lfoundsville, one
II tie leaaing physicians q the state,
las 5sisE returned from an examination
81 ne mines Of the Par Value Gold
Mining company in Colombo. an enter
prise ii which many prominent people
81 Ills lste are largely interested. Dr..
Houst on IVES accompanied by N F. Cox,
Tor eleven years cashier Of the Farmers
and Manufacturers bank of Moundsyille,
ana while IN Colorado they purchased
and shipped to the Gold Bug mine of
tie company q q. 900 plant Of machinery
f6r taking out the ore. On his return
from the mines, Dr. Houston wrote Mr..
) Be ti,eil, assistant to the president of the
cana as follows:
4 Moundsville, w. Va, Sept. 10. 'os.
M y U Bethall.
Dear Mr.. Bethel: Your letter here,
and nj say have visited the Gold Bug
mine. j am wen pleased with the pros
Il pscfs, and j 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
tockholder.
There s no doubt as to the genuineness
8 al the mines. I was down in them and
duo ore and brought some home with
IA me. Went to the assay Office and got
report Of the assay and 1t was good.
!, visited the Board Of Trade building and
there they have over 800 specimens from
IN The good mines In the state, and the
sample from your Gold Bug mine was
The best sample IN the building; not that
Sc run the highest assay, but it was the
largest and most easily treated. There
& were only two Others that assayed hight
q, hut they were very small specimens
weighing not over i've pounds, while the
Cold Bug specimen weighed near 400
pounds. That is why think the Gold
4 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 an + could against the mines, as
had heard the good side before went.
- win say 1t had not been over estimated.
" I
& l<;gnedl i. N. HOUSTON.
The Par Value Gold Mining company
WAS Organized July, 1900, and has been
IN operation continually since, commence
= ing with q 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,
sofs so acres; the Wilbur, of so acres; the
Mary Alice, Of 9 acres; the Gold Bug,
Of 10 acres; the Mary Cashen, of acres;
the Massasoit, of $40 acres; the Mary
Hunter, of 260 acres; the Coriolanus, of
10 acres; the Copper Glance, of so acres
This makes eleven properties owned OF
Separated by the Par Value company,
seven in the Cripple Creek district, two
ii Tmrett tChafee county,, and two IN
tab, some OF which are producing pay
one. and several others are developed to
she point OF production by thousands of
feet Of shafts, drifts and tunnels They
comprise over $50 acres of valuable min
er.sl and are located in the best districts
IN the United States and among the
iafeest and best mines in America.
ME Mary Cashen mine adioins the
Cold Coin mine, which has produced.S7,-
500, 900, and has paid S3G0Oo0 in divi-
dcftls annually, and is also near STRAIT
TOMS Independence, which has produced
$i0.ooopoO, and pays dividends of ST.
10000 annually. 1t il also close to the
Strong and Portland, two other leading
+ mes 81 the Cripple Creek district, and
a.Iicins the original property of the Par
Value company on the south. The Mary
{. Gaslien mine Is opened by shaft sunk
to the depth Of $50 feet and is equipped
with lrst-class plant of machinery. 1t
s now producing good ore.
The GoEiolarus adjoins the Ajax, one
81 the great mines of the district, is well
equipped with machinery, has a shaft 525
feet deep, and has also produced good
ore. Over 500 600 has been expended on
this property.
The Mary Alice, which adjoins the
Portland and Independence and lies di-
rectly between +he two, has q shaft $40
feet deep and numerous drifts and CROSS
cuts.
Ihe Par Value has shaft $50 feet
deep and $50 feet OF drifts. It is sit
mated ifioc the core Of an apple; between
che Portland, Ajax, Gold Coin, Granite,
Dillon and Strong mines, and Is cx-
pected 10 prodnce good results by de-
1elopmcnt. Il Is now showing pay ore.
The Dameral property Is situated six
miles south Of Victor, contains so acres,