The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-08-18

10 mine the coal from the -canons, and say Q
that the coal field 10 located In such n way
that we can supply the entire Western
Empire, as we'll as all the railroads. stea M
ships on the Pacific Ocean. and the large
mining sections Of California, Nevada,
Arizona and Mexico. This discovery is
sbsolutely unknown 70 the outside world"
n prospectus concludes:
The gold. silver and copper mines m
orsced In this prospectus are owned entirely
oy the company and are the selected results
OF over eighteen years Of diligent prospecting
and arduous work Of the miners who are the
owners Of tho stock In this company. The
men are now about TO reap the remuneration
which they deserve for their long period of
toll and severe privations. and those friends
20 whom they are indebted for their kind as
sistance AMI for the faith in their ability and
perseverance, TO ultimately succeed as shown
by their encouraging support. they also have
been amply rewarded by a liberal interest
given In these properties. The coal fields en-
oraced In this prospectus are the largest
known In tho world.
Both Mr.. Dean. the fiscal agent. and Mr..
Layman, the secretary and general man
ager, were In yesterday afternoon when
n a VINO, got a nance to 70 in on the
ground floor ran up 10 sec about 1t. Pre-
urinary to talking about the property
Mr.. Dean unwrappcd a small bundle OF
ore, which also contained a pound chunk
Of soft coal. These were the samples OF
I the mineral wealth OF the properties owned
by the company. Mr.. Dean said.
We have come on here to New York
to o1er our first stock for sale because
we think the people are more alert here
TO grasp their opportunities In q mining
proposition than elsewhere" said the
fiscal agent: There is no doubt that
and sG'i 7 f ssf s Sss. t RsSpH e aii7 be- ever sat Sasr sd:
vantage Of. We are only selling the first
$1,000 shares At ten cents. and the price
goes to fifteen, The price goes TO fifteen
What time would I rave TO get here
tomorrow to buy at tent" the inquirer
asked.
We'll. We'll probably sell at ten all day
Tomorrow. but the price will he fifteen
Monday said MIR. Dean. Then We will
they are gone the price will be raised 10
twenty-five. After thar there is no telling
what the price will be. but I have no doubt
but that IL will be at par, SEQ, before very
long"
Mr.. Dean said he couldn't answer about
prospective dividends as we'll as Mr.. Lay
man, because MIR. Layman has been in
charge OF development work O n the prop
critics.
Il can say without much hesitation
that we will be paying dividends by next
January. and it is only a question OF how
big the dividends will be-" said Mr.. lay
man. Il am sure tina the stock will be
worth from $25 to $50 some day, and would
advise every purchaser to hang on to his
stock instead Of selling il when il has in
creased in value. TheNe isn't an officer
Of the company who is gsing to collect a
cent Of salary until the stockholders are
getting their dividends. We don't ask
to be paid unit: the company is on its feet
Mr.. Layman said he was a little uncertain
as to when the great coal field will begin
to pay dividends. It's a long way from
any railroad. and of course Il won't do
any good to mine the coal and leave il
there The secretary said he thought
that within the next two years somebody
might build a railroad down that way,
and then everything will be lovely for the
bituminous proposition.
As for the gold. silver and copper mines,
Said Mr.. Laynsn, it's oniv a question of
how soon the dividends will start.