New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-17
Financial.


capitalization and means that stockholders win
receive 100 per cent In dividends or the full
amount of their investment every year.
i nave not claimed that Douglas will prove
another Calumet and Hecla or another Amazon
da, or another United Verde with their great
productive capacity by reason Of extensive min
ing developments But do claim that Il is the
greatest mining discovery Of the past hftean
years. 1t has now about 5000 feet Of unde--
ground work, with shafts sunk to 600 feet When
its shafts are sunk to the depth Of / 400 feet
(as with United Verde), who can say what in
exhaustible stores of wealth may be disclosed5
have claimed on the basis of all these facts
and make bold to repeat and insist cOnserva-
lively, that the net earnings Of the Douglas Cop
per Company. with It's capitalization Of only
100000. will be greater than Copper Range
with its $385OOOOO capitalization. and one-third
much Amalgamated with it's vast capitali-
cation of S1j5, 100000
No time viii be lost in putting the smelter to
work in order that the great ore reserve may be
at once converted into commercial values The
construction work has been rapidly pushed FOR
months and the contractors give the assurances
that the first unit OF 2O tons daily capacity will
be operating early next year at the latest.
The worlds demand for copper IS increasing
while the supply is not keeping pace with II
The exhaustion Of some of the older mines points
to diminished production. The Douglas Copper
Company will thus enter upon a market where
1t can convert it's entire product fast "a II
can be taken out into money at the maximum
price.
The price of copper has advanced three cents
a pound in the past year. The great expansion
of the electrical world in the building Of lines
of transportation and communication points 10
another increase of three cents pound In the
next year. Every such advance suffces to mora
than cover the cost Of production at the mines
of the Douglas Copper Company the only ones
in the United States. Canada or Mexico capable
Of turning out copper for less than three cents
a pound.
I can remember when Calumet and Hecla could
be bought for SO per share Now il is worth
1868. So far as richness Of ores a brighter and
a fairer star than Calumet and Hecla has arisen
in the Douglas
Buy these bonds now before the rise in price
and you can hold them until the interest ma
lures in March, 1906. if you wish BY that time
the conpany's sLnelter will be fully operating fts
first unit to the capacity Of $50 tons day and
YOU will want to exchange your bonds for stock.
You can watch the progress Of the company, and
at any time from January !, 1906, TO January l.
1907 you can take advantage of the convertible
of thousand dollar bond who exchanges it next
year for 200 shares Of stock will, In my opinion
have an investment which win in a few years
weld an annuity sufficient to support the average
American family of five.
Opportunity is now knocking loudly at your
door-the opportunity of lifetime TO make
lifetime investment
1t will be worth your while TO come in and
talk with me about this matter-tf you can pos
sibly do So If you can't call at the office send
your order by mail or write and ask questions.
Make all remittances payable to my order and
address all communications to me personally at
nv office ~ Broadway, New York City
c. T. KING
40 Broadway New York City.
September 16, 1905.