The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-07-23
MUGGSY M'GRAW SELLS STOCK
ONLY IS CENTS NOW. BUT HE'S CO.
ING TO PUT 1T TO PAR.

Hold II. " He wants To. Until Somebody
g. Else VIII Give Him ~ a share for II.
Il tskes even a big piece Of news a long
time 20 circulate from the mining circles Of
Reno. New. 10 the sporting circles OF New
York. unless it's about a prizefight, and
that, maybe. is the reason why the baseball
fans Who root for the Giants and John j.
McGraw. manager of the National League
team, haven't heard that he has been one
OF our leading capitalists and gold mine
promoters for some time.
Not long after the Giants came back from
their training trip TO the Pacific Coast the
John ]. McGraw Brokerage Company bios
somed out in an Office at lao West Forty
second street, across the street from the
billiard parlor that was run in the winter
by McGraw and Fred Knowles. secretary
of the New York Nationals. Although the
office was then so conveniently ! Gated in
the heart Of the region where the boys who
nirt with chance are known TO congregats. il
was soon found TO be entirely too far from
that other section Of town where the sport
ing propositions are all declared to be
more of the sure thing variety The office
OF the John j. McCraw Brokerage Company
was accordingly moved down to A Broad
tIIcti, lit a. NoAAN ~ 'HN
piration Of the curb. at its doors.
The John J McGraw company shares an
Office on the second floor with Baran. Regens-
burger d Co. a firm that that
il has membership on the New York Prod
uoe Exchange Baran, Regensburger Co.
are the brokers and the John j. McGraw
company the promoters of the Selby Con-
eolidated Mining and Milling Company OF
Reno, New, viii h has the usual capital
stock Of 81 900, 900. with the shares Of a par
value of 81. The president of the COM
pany is Peter j. Somers, who was at one time
Mayor Of Milwaukee and a Congressman
from that State.
When an ex-baseball fan dropped into the
office n Saturday afternoon 10 find out
lust how well a baseball team and a broker
age Office run when hitched together and
also TO ask how far 10 go on Selby Consoli-
dated be was received by a young mar who
said he was Mr.. Baran Of Baran. Regens-
burger 4 Co, and was willing to point out
the attractions of Selby.
I've never been out there. so ! can only
do a little parrot act n hand you the
prospectus Of the mining company said
young Mr.. Baran, but | can assure you
that this undoubtedly is one OF the richest
mines in the world. You see il lies right
near the famous Comstock district, in an
ore zone that has produced more bullion
thar any like region on earth. \ grab
sample Of our ore. which means a chunk
picked up at random, assaye SIS, i64. "a
70 the ton. OF course, | don't say it is as
rich all the way through, but it gives an
idea of how rich the ore is"
According to Mr.. Baran it is only because
the Giants happened TO take their training
trip to the Pacific Coast last year that New
York investors are getting a chance to buy
stock of the Selby company. When the
team was on the way home Manager
McGraw STOPPED off to have a look at Gold
field, and while there met Robert T.. Whit
comb. described by Mr.. Baran as a mining
man of long experience. Mr.. Nhitcomb
knew Of the great value of the Selby mines,
and Interested Mr.. McGraw to such an ex-
tent that Mr.. McGraw decided to go in with
him Ia promoting them
when MIR. NcGraw and Mr.. Whitcomb
organized the John j. McGraw Brokerage
Company they took in Harry johnson as a
partner said Mr. Baran. MIR. Johnson
is a friend Of Mr.. McGraw and is a prom,-
nent horse owner and sporting man. He
sold out his interest a little while ago be-
cause we thought IL was better to get the
sporting element out Of the company OF
course Mr.. McGraw's time Ia a good deal
taken up with the Giants just now. but he
takes a great interest in the brokerage
company, and has frequently spoken of
getting out of baseball altogether and
devoting all his time TO selling the Selby
mining stock.
Mr.. Baran said that any one can get the
stock now at the underwriting price OF
IS cents" but that the John j. McGraw
company is to begin an active selling cam
paign in ten leading cities at once, which
will quickly boost the price up to par. There
are only 1000 O shares OF stock that the
brokerage company is authorized to sell.
Mr.. Baran said, and that won't last long.
He thinks. however. that the company may
loosen up 10 the extent OF another 100, 900
when the first consignment is gone.
What makes me feel so certain that the
mining property is all IL ia claimed TO be
is that such an able man as Emerson Gee.
, our engineer, is the authority for the state
ments made about it," said Mr.. Baran.
The president, Mr.. Somers. writes. you
see. that Mr.. Gee is a mining engineer
Of the very highest repute, so you can have
perfect confidence in his report. The fact
that Mr.. Gee has blocked out s?.25O, 900
worth OF ore is interesting"
A valuable feature Of the typewritten
prospectus of the mining property ia the
letter from President Somers, of which the
following is part
Permit me. dear Nhitcomb, to remark
that II this mine with its present showing
and development we're situated within one
and one-half miles OF Goldfeld the stock.
il my opinion, would bring several dollars
per share. Vet IL is situated within one and
one-half miles Of Comstock, in the same
mineral zone. The Comstock lode has pro-
dpced in the neighborhood of 81 900, 900, coo.
AZ the rate of production for the last year
IL would take Goldfeld 100 years to equal the
production of Comstock. We do not say
this in derogstion Of Coldfeld il is a great
camp indeed. and every Hevadan is proud
Of her.
Our object in offering an allotment Of stock
in the property for sale is TO place sufficient
funds IN the treasury To install a large mill
Of not less than 200 tons capacity. Within
sixty days after the completion OF this mill
the mine will begin TO pay handsome and
continuous dividends and the stock in the
company will he worth several dollars per
share.
In view Of the foregoing fncts Won arc per-
fectly safe in advising your nearest friends
n take stock in Te proposition. and you may
feel sure that they will realize very hand
some rrofts.
That Mr.. Somers does think highly OF
Mr.. Gee. his mining engineer, il proved by
theee few words:
He has large mining interests in Nevada