The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1905-03-03
pollars Worth of Work for Every
Dollar Received

A pullars Worth ot Work for Every
Dollar Received
My sworn affidavit above shows
that OF the total gross receipts of the
Honest John NJ. Nj. and Tunnel Com
pany. less than II per cent, comprised
the total cost OF maintaining the
Denver Office and all OF the cost of
advertising and promotion. | am
not ashamed OF this record. | Know
OF many promoters whom it has cost
thirty, forty, and sometimes as high
as fifty per cent for the purposes here
inernumerated. and there have been
scores OF Others who have not put
even fifty per cent into the ground.
"MoAey which goes into the
%g,ound.' as the term is commonly
accepted. means the necessary en-
penses of a mine. as distinguished
from the expense OF tlotation. 1t
means generally speaking just such
expenses as would be necessary in the
conduct of a mining property by a
private individual where no outside
funds were solicited.
In my attidavit | have ]endeavored
to classify the various expenses so
that the investor could readily dis
eliminate between the money that
goes IN the glound and that which
has been used for other purposes.
All of the items in the improve
ment, development and general ex-
pense account are c%har.eable as mon
ey going into the ground.
There has been expended as i'm
provements the sum of SO, $50. 81, over
81 per cent of the total gross receipts
of the company.
There has been expended for the
development of the property SIS, ESQ.,
"a, or over 40 per cent OF the total
gross receipts of the company.
The above three items, represent
ing "the money put into the ground"
together represents over SO per cent
of the gross receipts and eXpendi-
tures of the company, leaving less
than II per cent as the total otfice
expense, advertising and cost of pro-
motion.
Remember that the amount spent
for the betterment of our property,
is sufficient to allow for an indefinite
period of development. The elegant
plant of machinery that has been in
stalled, together with the buildings,
etc, is sufficient for driving our tun-
mel thousands of feet further into the
mineral territory which we are n
trating, and will answer the needs of
the company for years to come.
Consider then that this magnit-
cent proposition has completed its
pioneer ORR that it has already
been driven vel a thousand feet
(toeether With between 500 and GOO
feet Of surface work. that is Just
breaking into the rich mineral sec
ton OF the district, with such ia
nous producers as the Lamartine and
Others.
| make the statement unleserveoly
and as my candid belief. and invite
comparisons with all the other great
tunnel enterprises, where the actual
figures are Ohtaina5le, that for the
S3l 600 received n expended we
have d value 10 substantial improve
ments and developments. worth in
their collective state many times
that amount.
The Honest John M. M. and Tun-
mel Co. has one Of the great tunnel
propositions OF the West. 1t is not
an experimental undertaking. Griv-
Ing in at a great cost to cut Gnprov-
en territory. But it is being driven
to open up Il known mineral king
dom. n al the richest proven Sec
tions i'm the state Of Colorado. Full
information Gu request.
Now It's Up to You Mr.. Investor.
The investor is prone to complain
Of Il bad investment after, not be-
fore, he invests.