River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1907-10-24
Exchequer Gold Mining Co

in the world. Incorporated under
the laws of the state Of Washington
with capital of ST, 500, 900, par val
ne $l.00 per share and non-assess-
able. No preferred stock.
The stock of this company is held
almost entirely by Minnesota peo-
pie who invite thorough inyesti-
cation of the character of the men
holding the controlling interest and
representing the management. Ref
erences will be gladly furnished up
on request.
The property of this company
consists of twelve mining claims,
(twenty acres each) located in Mar
iposa county, California, lying in
a deep canyon, on both sides of the
MERGED river at its junction with
Cotton creek. The Yosemite Valley
r. R., connecting with the Santa Fe
and Southern Pacific roads at Mer-
ced, thirty miles distant, crosses
the property less than three-hun-
dred feet from the main tunnel.
This road delivers all our freight at
a low rate which materially aids in
the Exchequer keeping down our
operating expenses.
The main quartz vein, assaying
from $3.50 to over $500 per ton,
runs through the GWendolen, EX-
cehquer, Trinidad and Pueblo claims
a distance of 5000 feet and is from
twelve to sixty feet in width and
practically unlimited in depth, as
one other mine on this same vein
has attained depth of 1900 feet
and the deeper they go the better
the ore. This vein can be opened
to depth of $50 feet on the Elk
chequer property by tunnel work.
The more expensive system of min
ing by sinking shafts, pumping wa
ter and hosting ore, will not be nee
essary on this property for great
many years.
The development work consists
of three tunnels aggregating about
1000 feet and considerable shaft and
pit work. The longest tunnel is on
the Exchequer claim and has been
driven about 600 feet, lower tun-
mel some 200 feet and another tun-
mel across the river on the Gwendo-
len claim about $50 feet. Every
foot of work is in ore. Three cross
cuts have been run in the main EX
chequer tunnel for distance of
over twenty feet without reaching
the side wall. This tunnel now has
vertical depth of over 400 feet and
will gain rapidly as the work pro-
crosses. The ore is free milling
and the values can be recovered by
crushing land amalgamation, the
stamp-nill process.
On this property there is the fin
est water power in that section of
the state. They have built solid
concrete dam 40 feet long, AZ feet
high and So feet thick at the base,
which is now being equipped with
a 600 horsepower water wheel and
500 h. p. electric generator. The
| dam and head gates are SO arranged
that another 600 h. p. wheel can be
added at any time without any al
terations. When fully developed
this water power will produce 1000
| h. p. more than the company will
need for their own use and this will
be converted into electricity and
transmitted a few miles and sold to
other mines at $500 per h. p. per
month. This electric power is now
being eagerly sought for and half
of their output is engaged for four
years, with several other applicants
ready to purchase. Several mining
experts have assured them that with
this water power the cost of mining
and milling the ore should never
exceed $1.00 per ton, and haye the
sale of their electric power left as
net profit.
They guarantee you a SURE and
SAFE investment based upon the
following facts:
First-Honesty Of management.
Second-Ore enough absolutely in
sight, uncovered by the 1000
feet of tunnel work done, to pay
off the capital stock at par sew
eral times.
Third-A water power that will
pay per cent on the par value
of the capital stock or Is per
cent on your investment at the
present price of the stock.
ONLY 10000 HARE S OF
THIS STOCK WILL BE SOLD
AT CSC.
After the electric plant is ready