The Idaho Springs siftings-news., 1907-03-02

with the Orr company.
r. W,lson Smith Jr.. and Co.. hank
ers and brokers of 9 and IL New
rk street. a concern which Rad
been osHa1ized bu, a week or more,
have sent out letter giving ano,h .
opportunity for investors to make more
than loo per cent. on their money
This attractive proposi,ion1 concerns the
Orr God Mining and Smelling com.
pany, which has property ., Idaho
Springs. Col. The company 's repre-
sented a. having q capital sock OF
1900, 900 shares. par value S. fully
paid and non assessable. I, is willing TO
e' the public in on a few thousau d
shares because it needs the money to
pay for a reduction mill. The latter is
what is going to make possible the
paving of blg dividends on the cost
price. Here is what R. Wilson -Suit h
Jr.. 4 Co. have to saw abou, it:
4" have few thousand shares Of
the Orr compauy's stock left, so tina,
you still have an opportunity of pur-
Chasing II at s. cents a share, which
makes It the cheapest stock on the
market today. The company expects to
pay dividend OF 5 and 81 per cent
on par by May mex, making over IA
per cent at cost to you. After that, un
til the following Nav, they propose
paying ? per ceu.. monthly on par 10
per cent. annual, on cost to you J B>
that time with the mill 1t capacity Of
$50 tons daily, they hope to return
annually in dividend Is an amour, equal
almost to the number of shares you
hold; that is. every hundred shares Of
stock you hold will bring in about to6
annually splendid showing on an
orig sinal investment of S55.'
"R. Wilson Smith & Co, who are
not the promoto,s of the enterprise but
merely handling the stock on com mis-.
sion call attention to tue board OF direc
tors as given in the compapy's literature,
and says; these gen leman are practical
business men. who visited and ex-
smined the property with their own ex'
peri before investing a cent and paid
s. cents per share for their stock, and
take the livlies, interest in the operation
and develLpmen, of the mine.
"'1t reilly is an opportunity for a
conservative investment, bringing splen-
did returns, which comes To- a person
once in lifetime. The mine
has been producing steadily since
last February. aud net prof S
from the smelling ore alone nov aver
age over 10000 monthly. The money
is set aside for dividend purposes, the
cost Of erecting tn plant which is nearing
completion, coming out Of the extra
75o, 900 shares. now sold with the ex-
ception OF th' sc now offered. The di-
rectors have waited four years for dvi-
dend, and are as anxious as any other
holder to see one paid. They have spent
S7so, 900 developing this property dur
ing that time
"Wilsou- Smith Jr., & Co. invite the
public to call at their Office and see sam
Piles of ore, maps and other things.
THE Orr Gold Mining and Smelling
compauy's property may be all right.
Manager Esshom declares it is, and all
other directors say they visited the prop
erty before investing and were favorably
The company presents re-.
port by John c. Dickey and J. A. Mar
tine, mining engineers, which gives the
company's net earnings daily, with the
75o ton reduction plant in operation at
81. 331 so or 1886. .oo2 for the year. They
certify that the assay value of the ore is
S. 2s ton and net profit of 3,77 a ton
on the ore put through the reduction
works.
"rhe company thus far hasn't paid
any dividends. 1t has been operating
since last February and according to
Manager Esshom now has rs 900 in
the treasury available for dividends.
The mining engineers representing the
com panys literature that it owns outright
ten lode claims all grouped together, a
tract of AN acres, all Of which has been
thoroughly developed with the result
that many large veins have been opened
up The most important is the Big
Dyke vein which is cut by the Newhouse
tunnel one mile in the mountain from
the tunnel mouth. This vein. according
to the engineers, is IS feet wide, 5000
feet long and contains 5000, 900 tons of
ore. The ore, the engineers say, can be
mined for less than 10 cents per ton,
transported in the Newhouse tunnel for
IS cents per ton, aud reduced or extract.
ed for 20 cents per ton leaving a net
value of s. II ton. The company, it is
said, can mine 500 tons a day. In the
At