Los Angeles herald., 1906-10-07
NEW SYNDICATE
IN COPPER MINE
RED METAL IS ADVANCING IN
VALUE
Revenue Property in Arizona viii Be
peveIoped--New Method Of Pro-
motion Proposed by F.A.
Mcdonald

Copper is king" is a statement YOU
hear very often among mining men,
And 1t is truly said, because the price is
advancing and the metal is decreasing
In quantity, so any new copper discov-
cry is of special interest just now.
A Los Angeles syndicate guided by
the judgment of f. A. Mcdonald. has
obtained an option on the Revenue
property in Yuma county, Arizona
This property consists Of five claims
and promises great things with future
Development One shaft is already down
to a depth of forty feet and ore values
encountered running from $50 to $40
per ton, and some picked samples are
almost solid Jumps of copper and silver
In their native state. Some of this ore
was shipped to Selby's smelter in San
Francisco and netted $1252O per ton in
gold, silver and copper.
Mr. McDonald's Statement
In an interview yesterday Mr. McDon-
aid said: Yes, we think we have a big
property, but that depends upon future
development. We have one shaft down
forty feet and a tunnel twenty-five feet
following lead of ore that is six by
eight feet and assays from $50 to S10O.
Our syndicate is nearly subscribed and
we will be able to take our deed out of
the Farmers and Merchants bank next
Wednesday morning. We will organize
a company along the same lines as was
the Gold Elk company of Goldfield, and
the stock pro rated among the original
syndicaters will cost them only cents
per share, while if sold under the cir
cumstances the big majority of stock is
sold, it would cost the investor 25 cents
to a half dollar.
There are big profits in mining i'll
rightly invested, and If every one would
use the same precaution In their in
vestments in mining that they exercise
in buying real estate, more men and
women would increase their bank ac-
counts"
New Method Introduced
There have been a great many ways
of promoting mining companies, but it
has been left to a Los Angeles man to
method of handling mining
where the small stockholder
has the same opportunity as the large
stockholder and where graft is entirely
The method is as follows: An option
is secured upon a property that has
been thoroughly investigated and pro-
nounced par excellence by a compe-
tent mining engineer of recognized
ability and integrity. A deed to the
10 lileI pldC6u Ill escrow WIN |
some trust company or bank and a syn |
dicate organized to take UP the option. |
company Is organized by the SUBJ
scribers to the syndicate, and officers
and board of directors elected. The
company is usually capitalized for
|, 100000 shares of 81 par value each,
and 100000 shares of this is pro rated
among the original members of the
syndicate and the remaining 100000
shares placed in the treasury of the
to sell for development pur-
poses. In this manner the investor gets |
right in on the ground floor and con-
trolls the spending of his own money, |
and at the same time gets deed to the |
purchased, which is something
tangible and of value in the very start.
Books Open for Inspection
The time has come when investors are
more curious as to how many mining
and other companies are managed, and
every company that wishes to sell stock
to the public today must be able to keen
It's books open for inspection and able
20 Withstand rigid investigation. This
has been true in the cases of the insur-
lnce companies. and is now true of the
mining companies of the Pacific coast
This method was evolved by Mr.. F. A.
who adopted the principle
used In syndicating large real estate
1eals to mining, and he is meeting with
success.
Last week this agent closed a large
5oldfield syndicate which is composed
Of Los Angeles business men and resi-
dents of Southern California. This syn
aicate purchased the Gold Elk property
IN Goldfeld, comprising twelve claims,
and will meet next Wednesday evening
to incorporate and elect their board of
directors and officers. Mr.. Mcdonald
has received an advance of 500 per cent
over the price paid by the members of
the syndicate, and at the Wednesday
evening meeting this amount of stock
may be sold.