The sun., 1907-08-11
NINE FOR ZINC, LINE OR MILK
YOU HAVE A WIDE FIELD WITH
THE ". y. MINERAL 40.
the lO6 Cows Are on the Famous Munson
Tract" Even n she white Calcite IAme-
stone 10 Too Deep Down TO Pay and the
Zinc 1s . Theory and Not Condition.

Tract" Even n she white CaIcite IAme-
stone 10 Too Deep Down TO Pay and the
Zinc IL . Theory and Not n Condition.
The New Jersey Mineral Company. lately
~ Newark but now OF IS Wall street, has
announced that IL Is not sending out any
moro Of that delightful little book with
The blue or purple covers entitled How
Fortunes Are Made" because the company
already has over 900 stockholders and
all the money II needs just at present to
begin mining the millions on millions of
tons ~ white calcite limestone" and what
ever zinc shows mp on the famous Munson
tract" at Franklin Furnace. Sussex county.
y. J.
In the words Of the secretary. George II.
Beverly, who was a piano agent before he
got into the mine promoting game: "Of
course We will sell a block OF stock here
and a block or stock there when any one
wants il, but we won't do IL by the circulars
any more. The stock is going up in a few
days too. The directors have just had a
meeting and decided to raise the price.
although they haven't decided what the
new selling price OF the stock will be-"
Those sure thing investors who are al
ways on the lookout for something that is
going to pay at least 100 per cent. dividends
hut who were overlooked when the little
hook was sent out by the New Jersey Mineral
company telling how we vely believe
that we are going to make from 100 TO 800
per cent. each year. may not have had
such tough piece of luck as they thought.
Of course. it's pretty hard lines not TO get
in on The ground floor with big stack Of
shares at $3.50 cash or SIS on instalments.
and it's tougher still not to hear Of the good
thing until the officers and directors decide
that they have hauled in enough hard cash
nj SIS and 81 7.5O to enable them to boost
the price and be q bit particular whom
they sell 10, but maybe the comeons who
were overlooked have had the rarest kind
Of luck after all.
II takes only a short talk with Arthur l..
richards. the president, to convince any one
that How Fortunes Are Made" didn't come
within mile of doing justice to the Munson
tract. Mr.. Richards used to sell life insur-
snce over In Jersey for the Prudential until
he was advised that he had the Prudential's
permission to confne himself to mining
stock. Mr. Richards will gladly tell any one
who ask 8 him that he isn't in the New Jersey
Mineral Company for the money that is in
it, since he is getting only very moderate
salary, but because he is related to the
Munson family by marriage. and 1t was
long ago decided that no one outside Of the
family should be allowed to uncover the
rich zinc ore and other things that are
waiting to be found.
Although the company's prospectus has
p lot to say about the big zinc vein that is
suspected Of being hid somewhere under
the AIS acres OF the Munson farm, President
Richards prefers to talk about white calcite
limestone when any one drops in at the
aixth Of VII
one reason for that is because How For
tunes Are Made" is a bit hazy as to whether
zinc has really been found ON the farm.
The prospectus tells about two test holes
that we're sunk to depth OF 400 feet from
which samples Of ore were taken that as
sayed over IS per cent. zinc. In the letter
~ Robert p. Field. the consulting engineer,
which is one OF the features Of the book.
he says:
with regard to the zinc, from a logical
standpoint there seems to be no reason why
Il should not be found. And I belieys II is
under the property. Just where l cannot
say. but certain information OF a private
nature and for which. under the circum-
stances my word must be taken leads me to
sfirm most positively that zinc will be found"
Just now we expect to confine ourselves
10 uncovering the immense deposits OF the
finest kind OF white calcite limestone. said
President Richards to an inquirer. "Of all
the limestone found in New Jersey and Penn
sylvania. where y per cent. Of all the Port
land cement in the United States Is manu-
factured. less than per cent. Is white calcite
limestone. This calcite stone 10 what we
have on our property. great quantity OF
our white calcite limestone is right at the
surface and can be easily quarried. We
could take you over to Franklin furnace and
show you "A small mountain OF IL. To prove
10 YOU how much confidence / have In the
New Jersey Mineral Company ! need only
10 tell you that I advised my mother to dis
pose Of her house In Orange and buy our
stock and she did so.
The New Jersey Zinc Company has been
trying TO buy our property for years and has
made repeated offers OF 100000 for IL. but
Tor the reasons which have already been told
We wouldn't sell to them at any price. Not
wthsa anding our refusal to sell, the best OF
feeling exists between our company and the
New Jersey Zinc Company. We often get
their mail. and they get ours. but We ex-
change and get on beautifully together. 1t
makes II much more pleasant when two big
corporations who are In the same business
can have harmonious relations. We were
very considerate OF the New Jersey Zinc
Company in not sending out our circulars In
New Jersey. We knew they didn't want
publicity. 30 our circulars were distributed
SINE distance away"
There is some little discrepancy between
Henry j. Wardner. treasurer Of the New
Jersey Zinc Company Of III Broadway. as
to the alleged efforts Of the latter company
tobuy the Munson farm. Mr.. Wardner said
that previous to the organization Of the
New Jersey Mineral Company In the spring
~ 1909 Mr.. Richards sent q man several
times to the New Jersey Zinc Companys
Office in an effort to sell the farm for little
over 100000.
Mr.. Wardner once asked James B. Tonk-
ing. formerly superintendent of the New
Jersey Zinc Company's mines at Franklin
Furnace. what he thought Of the Munson
iarm as a limestone proposition. Mr..
Ionking's reply is interesting for the bear
ing It has ON various statements made by
President Richards on his companys
property. Mr.. Tonking's letter follows:
am familiar with the so-called Munson
farm near Franklin Furnace. which Is repre-
sented as a mining and limestone proposition
In the circulars Of the New Jersey Mineral
Company.
am well acquainted with the limestone
industry. and especially with the limestone
region Of northern New Jersey. which ex-
tends through Sussex and Warren counties,
y. j.. and AZ far north as Orange county.
y. Y. There are two varieties Of this
limestone. the doomite and the white lime