Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-04-15


dug out Of the earth for the holders of
| such securities, l am not sure that l
would be believed. / would be ac-
| cused of drawing the long bow for the
purpose of bostering up an argument.
| If l should say, for instace, that CAL
unet & Hecla, whose stock was is
| sued at SO, but on which only $12 per
| share was ever paid, has returned to
| its fortunate owners over $50, 900, 900 in
dividens; that United Verde 81 a few
years paid So, 000, 900; that Anaconda
| distributed in short time the neat
sum of $23, $50. 900 that Quincy paid
| ST., i01 900 within a very reasonable
space, and that Boston & Montana, be-
fore Amalgamated gobbled it up IA.
| ruined 1t, dealt out piumes amounting
| to $2S, 900 900 to its happy Stockholders
| if 1 We're to say all this, L repeat,
| should expect to see the sheer or IN
| c!eduity on the faces Of some and the
| Struggling of shoulders on the part of
| many. But there golden quotations
| are facts, not on my Say-so, but OBJ
| tanned from the most authentic copper
| books that have ever been compiled.
| What Is the lesson of all this? 1t IS
| GEAR enough: Begin at the beginning
| Get your copper securities at time
| when a reasonable price is charged for
them. when your investment nets you
| something worth while. 1t was the
| early birds in Calumet & Hecla, the
| blue blooded Toston families who new
| or paid but $l2 per share for their
| stock who are now made enormously
| wealthy by the annual dividends they
receive. This truth has never been
known to fail: that the men and
women who bought good copper Sc
| curitits at the time when the mine was
| being developed. are the ones VINO have
reaped the harvest of riches. There is
not one exception in hundred to this
| general principle.
| You have noted that / have repeat
edly said good copper securities. l had
| a purpose | know of nothing more
disheartening than 10 get tangled up
| in some wildcat scheme to dig cop
| per out of mines where there is no cop
per to dig. The country is full of ex-
| amplcs of investors who rushed into
| the arena unprepared and without any
| knowledge of what they We're doing.
They re now rcpenting at leisure. Poor
copper securities are about us low
| down q kind of Investment as man
can have. Good ones are as fine as he
can possibly want.
! A good copper company must have.
| first a rich and extensive mine. and
second, officers who are men of intcG-
rity, ability and en"rgy-the great
| trinity OF successful business ventures.
| These elements being given. the future
| is secure. That's the kind Of company l
have bceen looking for and that's the
kind of company l have found. | say
without reservation that | now have
| copper investment for my readers and
| clients that has not. in my opinion.
| been equalled since the early days of
Calumet & Hecla.
The Douglas Copper Company a coz"
poration with headquarters at A.
Broadway. New York City, was called
to my attention a short time ago, and
began to look into it. The more l
looked, the more interested | became. !
found that it was capitalized for $1,000
600 that it owned a splendid territory
in the State of Sonora. Mexico and that
it's Off ers were mon Of the highest
standing in both REPUBLICS. l found
that reports upon its mines. made by
the best experts in the United States
said that the property vas one of the
richest in North America. In short, !
found all the conditions ready for an
investment offer of the first class.
Without any delay. I entered into an
agreement with the company to handle
Il $500. 900 issue Of boHds for the pur-
pose of raising money with which to
build and equip an immense smelter at
the company'S mines. There are per
cent. convertible, first mortgage bonds.
backed by property worth six times
their face value. and as st cure as any
investment under the sun could be, moi
even excepting the savings banks. |
am offering them at 10 nat, which nets
the purchaser 5h per cent. on his in
vestment. As things 20 nowadays.
that is an excellent return.
But there is a special feature about
these bonds of the Douglas Copper
Company that makes them worth far
above their present I.rlce as gilt
edged investment. That is their
power of being cow er1ed into stock of
the company at some future time when
the stock is earning large dividends.
as it is certain to do. SO enormously
rich is the property down in Mexico
within a very few years, two or three
at the most, the shares will have a |
quick selling market in Boston and
New York at from 300 per cent. to 500
per cent. above par, which will mean
from $15 to s25. There will be no
manipulation in this. but the demand
will be created by honest earning capa-
city. which will return dividends as
large as those of the other world |
famous copper mines. The bondholder
can then convert his securities, par for
par. at an enormous profit to himself.
Naturally, some of my readers ask |
the reason for my enthusiastic conf |
dence in the future earning capacity Of
the Douglas Copper Companys mines. |
l like questions of this sort, and l am
always ready to answer them. For one
thing, the Douglas mines have got the
copper. They have. as experts have
reported without fear or favor, got an
area of 4ai acres of mineral land on
which 100 men are constantly employed |
Nearly 1000 feet Of underground work
EA-