The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1903-10-12
GOLD in COLORADO
A bonanza Mine
Dr.. Houston Finds the Par Value Properties All
Right What the Par Value Is Officials Of Com.
pany Here Interesting Clarksburg People


The Turrett mine, known as the Gold
Bug, il located at Turrtt, Chairee coun.
Ity, Colorado, and in a new and promising
district. There are other good producing
mines in the same locality. The Gold
Bug is developed by a shaft over 300 feet
in depth and about 700 feet OF drifting,
Pay ore has been taken from the proper.
ty running from $24oO to $4,000 per
ton, and there is a large amount Of pay
ore uncovered in the shafts and drifts.
This property has but recently been ac-
quired by the company, and is now being
put in order for operation. 1t 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-M Morse hosting en-.
CINE, with capacity OF 800 pounds, at
a speed of 500 feet per minute, 1000 feet
of hosting steel rope, two steel ore buck
cts, tanks and all necessary supplies
and fittings, tools, baeksmith'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 very short time.
The Copper Glance is located on Badg.
cr Creek, close TO Trrett. The highest
grade OF copper ore has ben found on
this property, running as high as 72 per
cent. copper We shall drive tunnel
which will tap The vein ut depth of
1000 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 LOO feet deep
respectively, showing pay values all of
this distance.
The company has produced nearly $40,
900 worth of orc, gross, and has expcnd.
ed in operating its properties from $500
to $1,000 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
thc capitalization of the whole at the
present selling price of tho stock.
All of the properties are well developed
and have had from one to three years
work done on each, bringing some to
production and the others near it.
This company, therefore, has the I'D.
vantage of large acreage, number of
mines in important districts. with many
thousands of feet of development work
done, and from one to tire years tim,
expended, and its properties at the poin.
of production. 1t has grown from a
third of an acre to $50 acres in two years
and half, and from one mine to eleven.
It is conseryatiyely 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
90 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
Tor its requirements. Nearly 100000 has
been raised and spent on its properties,
and, including the work on the Mary
Cashcn, fully S250,OOO of work and plant
are represented in the development, with.
out counting the value of the properties
themselves.
The officers and directors are:
Joseph Il. Real, president; Campbell
.lobes, vice president; j. uhIe Bethel,
assistant to president; Jas. II. Jordan,
secretary and assistant treasurer; j. r.
humphreys, assistant secretary: David
Iieaton, general managerial. N. Houston,
NJ. D., Aloundsvillc, w. Va; Henry
Baird, cashier National Bank OF Della.
ware, Wilmington; ]. c. McNaughton,
wholesale lumber merchant, PhiladeI.
phia, Pa; William Bromer, manufac.
turer, Sehwenksyille, Pa; Thos. Armi-
tasc, marble works, Washington Pa;
Joseph II. Real, Pittsburg, Pa; Camp.
bell Iobes, Claysville, Pa; DR.. Geo. w.
Neif, president First National Bank.
Masontown, Pa; a. Il. Weger, counsel.
Ior.at,law, Pittsburg, Pa; a. w. Cars
ten, Pittsburg, Pa; NJ j. Sharkey, pro-
prietor Hotel Lafayette, Wilmington,
Del; John s. Newmyer, general manager
Washington Coal and Coke Co., Dawson,
Pa; James i. Campbell, bank president;
Pennington, W. Va; G. A. Meals, NJ. D..
Braddock, Pa; j. U. Bethel, counsellor
at,law, Philadelphia, Pa.
Dr. George w. Nei, president of the
First National bank of Masontown, and
known to many of the people of this
section as one OF the first citizens of
Pennsylvania, went out to the mines
with party of six recently, and after
spending week going over the Colorado
properties of the company, wires as fol
lows:
Salida, Colo, Sept, 90.
Jos. II. Real, president, 5l4 Fitzsimmons
building Pittsburg.
Our tour TO visit the properties of the
Par Value Gold Mining company has
been most satisfactory. and they are br.