New-York tribune., 1905-04-15
COPPER BONDS.


Boston, April 1.-THE statist.' daily financial
newspaper, prints the following with reference TO
the Offering Of the per cent convertible bonds Of
the Douglas Copper Company;
There has been a strong and persistent demand
Sonds of the DouslaS as Copper company which
offered for public subscription at 10. nat at
the Ofice OF c. +. King a financial agent. on Mon
day morning. The demand has been 50 strong
that it is likely that the first allotment; to the
April 20. the date appointed for the closing OF the
The Offering Of these first mortgage. 8 per cent
convertible bonds OF the Douglas copper Company
ment proDositions in that the ponds represent not
only first mortgage ON all TIE pF0Rer'y @ oi l tne
also carry an iul9oT{Snt feature which makes them
convertible At face value into stock Of the COM
pany par. during the year 1Seo
viding funds for the building and equiPping or a
large smelter at the company mines mines M fn sonora
gage. convertible bonds are ofLered Tor p4Dnc SUD
SC % 7Iead OF nyeftor as the stock is eS
pected to be in great demand in the markets Of
al many times its par value. The bonds eliminate
all risk. give to investors ample security. yield a
splendid rate Of interest. and yet MAJ oe eA-
ontio5 of the holder after the smelter for which
tie ;ssHe has been made To provide funds built
and In operation. and the company - IN POsLtlOh
dends.
mail from all points in New-EngEtnd and through
the Eastern States generally, several large sg3
is Explained by th, fact that the president Of the
company, Theodore Douglass; the vice-presldeIit,
NJ Tyler, and two Of the directors. the Hon a,
Heaton Robertson and Edward 2: tTlsDle', are are
citizens of that State and widely known in poitcal
''The offering Of the per cent convertible bonds
Yesterday represents what may be called my first
snce the slaughter Of the 'innocents' in Amalga-
mated, I have looked upon all copper sec1IlI,G5 S5
not now be associated with the Douglas Copper
aid not believe and know that the proposition in
hand represents Of the very best investment
portunity. ever brought to the attention Of in in
vestors have gone over the PIoPoStlGbb Pb sbse
lutte knowledge when say that, II the issue 95
amount could be placed in the hands OF all in
vestors who have lost money On account - OF Ias
cally manipulation OF copper shares or disnoneSt
management Of copper companies every one couIa, ia
Within two wears from this date, reap from the
Douglas Copper Company SUFFICIENT pronts 70 make
good all their losses .....,,, -
carantee tie against loss :his proposition is.
mind. without parallel know what am & LalA-
COMPANY will Exhibit to the world in very short
tes iscovered Ge V in late Years There blocked
out and ready for the smelter ore carrying rch
p 10 "a gGres compied BY eminent experts. far
more than the full amount Tor Whch the me co1 ors
average 81 gold. FIVE ounces silver ard per cent
copper which at the lowest a n sn1ne ca ases
quadruple the average obtained by some OF the
oggsst ~ tbe eIeat shelter to be con-
str,Icfed under the direction Of Frank Klepetko,
fhe famous metallurgical engineer is eNpectet 70
he IN operatfon within seven months, and innne-
diately thereafter the Douglas Copper Conpany
will announce it's readiness 10 commence Jne I1y1
Tnent Of large monthly dividends on its caRllaI
stock Bondholders will then be given the PrVllege
~ EXCHANGING their bonds for stock of the COM
pany at par to the full face value Of the bonds l
attribute the strong demand which has been m
stsntIv created for these bonds to this privilege
investors are not slow to realize that the 2ropo-
sition guarantees To every one perrecuy square
deal" . - ,,,-., H.. -
viII offer for public subscription second aIlot-
ment OF these bonds. However, should a secono @
sIIotn,s1+ he offered, Mr. King states that tne
mice viii be much higher than asked for the pres
ent allotment.