The San Francisco call., 1904-12-18

Three to Five Foot Ledge Of Gold
Quartz Opened Up On the osceola Prop
erty. To be developed at once by the
Osceola Mining and Development Com
pany of San Francisco. Shaft Of 40 feet
depth produces Gold values running
from $40 90 to S225 90 per ton.
EARLY HISTORY.
In the early sos the Osceola property and
ravine was considered by mining men 10 be one
n the most productive placer gold mining
propositions in Nevada County. the then. as
well as to-day. banner gold-produeing county
of the State OF California, several hundred
thousand dollars having been realized in Osceo-
la ravine alone by the crude process in use at
that time. Various mining engineers now state
that without doubt all gold panned or taken
from Osceola ravine In the early days was
simply the washings from, the lodges on TINS
property.
Development Work.
Arrangements are now being made to sink
depth OF 500 feet we win also run levels both
east and west from each 1OO-toot station and
drive a tunnel into the hill to develop east ore
shoots. Arrangements for hosting machinery
and modern stamp mill for the reduction OF
ore and such other Improvements as are neces-
sary are under way and will be installed as
soon as possible.
Cost Of Production.
ri1aez. ns cost of pr9dTGto1 , according to our en-
Particular attention is called to the affdavit
of Mr.. c. W. Porterield. a mining man Of
many years standing, and possessing the high
his entire time and experience TO the develop
ment of this wonderful property.
Anadav1t Of G. W. Porterneld.
State Of California, City and County Of San
I. c. W. PorterheId. being duly sworn de-
pose and say: That 1 am employed by the
chief engineer. That In my official capacity
1 have examined in detail the extent and
workings Of said mines. firmly believe that
when they properly opened up they will
be level with the best paying mines in
the district Further. that high reputation
for its richness and permanency will be main
tained. and that it has the very best prospects
In witness whereof I have hereunto set my
hand and seal this Sth day Of September. 1904.
(Signed) c. w PORTERFIELD.
Subscribed and sworn to before me this sth
CARMEN D. BRADFORD.
Notary Public in and for the City and County
of San Francisco. State of California
Stock Limited.
At a recent meeting of the Board OF Direc-
tors II arranged for the sale Of limited
amount OF the treasury stock at price and
upon terms which will be within the reach
Of every person struggling to better his fnan-
cia condition.
The purpose of the company in Offering thi.
stock for sale is to enable II to carry out the
recommendation of its experts knowing that
by purchasing the mining machinery and
equipment 1t will be in a position to quickly
reduce the vast ore bodies as they are hoisted
from the mine.
1t was determined at this meeting to place a
limited amount of the treasury stock upon the
market. and that the price be % cents share.
In order to oive the small investor every op-
portunity and encouragement to place his saw
ings in safe and conservative way. II was
felt by the Board that II should give the
helping hand by offering time payments in the
way of monthly installments. This course was
decided upon for a short time only. they
felt that the demand for stock under such con-
ditions would be greater than they could afford
10 dispose OF at this low figure and payments.
BY this plan buy 100 shares at 25
cents or a total of S25 90 and paw for IL in
ten monthly payments OF 50 so month.