The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-07-21
GET IN ON A BUNCH OF MINES
w. G. STUART WILL TAKE VOC INTO
MS HOLDING COHPANY.
He wants Only 800. O0O with Maybe slS.-
900 Reserve and You Mustn't Wait, for
They Are Shoyelilng Up the GOid
and NaSn't Need NOur Paltry Dollar.

vaults until they could get a chance 20 go
into a "real mine. not a prospect" was
made vest erday at the office Of Henry
Clifford Stuart. 50 Broadway. Mr.. Stuart
is president of the Gold Canon Mining
Company, the Cocomongo Gold Mining
Company, the Gold Canon Extension Min
ing Company. the Cherry Creek Gold Min
ing Company and the Antwerp-Nevada
Gold Mining Company, all capitalized at
81. 1000 except the first, which is only
for $500, 900.
The announcement was that MIR. Stuart's
LAWYERS had drawn up the papers OF in
corporation for the Stuart Gold Mines
Holding Company. capitalized at 81, COO, 600.
and anybody can get in on the ground floor
of the holding company right away at only
81 n share. James w. Ball. secretary OF all
these companies, gave out the good news
yesterday. while Mr.. Stuart was in another
spot passing out the tip.
Mr.. Pall parted with the information
yesterday that this Stuart Gold Mines
Holding Company il by far the best thing
that Mr.. Stuart has conceived. and advises
us all to hurry up and get in, We don't even
have to wait until the company is incor-
porated and the stock certificates issued.
"You can pay the money right now for
all the shares Of stock you want, and III
give you a hand receipt. emitting you TO
So many shares of stock" Mr.. Ball said.
In that case if any Of the five mines proves
a bonanza overnight you will be entitled
TO your share"
Heretofore investors who wanted to have
their candles trimmed and burning when
Mr.. Stuart struck his honanza have been
buying stock in his various mines at the
following rates: Gold Canon. S. a share;
Cocomongo. 81 so; Gold Canon Extension,
81; Cherry Creek. 50 cents, and Antwerp
Nevada. % cents.
Il am advising Won 70 buy stock in the
Consolidated Mines Company because it
isn't certain just whore we will begin to
pay dividends first. said Mr.. Ball. If you
had stock in Gold Canon and we made the
big strike in CoComongo Of course you
wouldn't benefit any 10y II. Gold Canon
is selling NJ s. because IL has had the most
money nut i'm il for development. but that
is no sign that the 81 Cocomongo stock may
not pay dividends first"
Mr.. Ball said that President Stuart was
called out to the mines a few months ago
by the illness OF the engineer. and as soon
as he got there he saw that he ought to have
a big stamp mill running as soon as possible.
The president went right away somewhere
and ordered one, and il ia going to be put up
on the Cocomongo property.
These are not prospects, they are mines.
said the secretary. The gold is almost
lying on the surface All that Is necessary
TO get the ore out Is for a laborer TO go over
the properties with a pick and knock it of
in chunks. We sent a CARLOAD OF ore away
TO be assayed n little while ago, and even
after the shelters had robbed us the ore
assayed SIS a ton. IA shows!
This il not a stock jobbing scheme at all.
We have never had the stock quoted on any
exchanges and won't stand for any wash
sales. We don't want to sell any more OF
the stock than is necessary TO get sufficient
p,nnay tp layalOp the minaa We'd rather
keep the stock and get the dividends our
selves. hut unfortunately IL takes money
to work mines. We only want to sell i00.0OO
shares of the holding company stock. and
MIR. stuart has already sold $50 1000 worth Of
il. for which the purchasers hold receipts.
In a few days we will have sold all we want
to part with, and then you can't get 1t Tor
love or money
Mr.. Ball was asked whether some ar
rangement wouldn't be made so that holders
of IS Gold Canon and $3.50
stock couldn't get in on the ground floor
of the new company, and he said he guessed
Mr.. Stuart would take that up later.
Mr.. Stuart has sent to the stockholders
OF the five different companies a printed
letter which is regarded with much envy
by the presidents OF other mining compan.
les, who aren't as graceful and original
writer's as Mr. Stuart. In this letter MIR:
Stuart gives those with chicken hearts and
cold feet a good scolding and tells them
that instead of worrying about the money
tntH nave IVA ditAiF nun ttt obhht
10 fork over a little more. The letter runs
this way:
On the 18th Of next month IL will he pre-
cise!y two years since the Incorporation
of our first oompany-the Gold Canon Gold
Mining Company. OR eth and last. the
Antwcrp-Nevall Cold Mining Company.
was Incorporated on the 2sth of March last.
three months ago to-day. We have availed
ourselves Of the best talent our finances
permitted aud feel that we have learned
something in the last two years. Our div
idends have not been forthcomins IA soon
nc hoped for. but they will be realized well
within the average three year term required
by the best N mining companies.
In Cpr first circulars We claimed to have
n MIKE, and in this we were not mistaken -
We have n NINE. and the Developments Of
the Last two years have. proved II TO be "A
great MINE and continued development,
we believe. viii prove it TO be an erfrdor-
diruriv grcdi NINE, both in the extent Of
the gold deposits and in the richness thereof
in gold.
\, all our stocks were unassessable, no
one could he called upon for money against
his will hence one common source Of funds
for DEVELOPMENT il cut on.
We declined to wash" our stocks on the
curb another source Of income shut or.
Since 1905 We have relied entirely and
directly upon the personal representation
OF those whom we invited to visit our prop
critics. We DroNVnt peopl" from belRtuIn,
Holland and Germany and sent them from
New Orleans. New York and San Francisco
TO Nevada and RETURN at our own expense.
And those who have seen kept on investing.
But Those who have not seen for themselves
have not retained the same interest and per-
haps could not be expected to.
Nor has IL occurred to the last named TO
inquire how the president had managed TO
keep things going for the last two years,
surviving the malicious attacks of detrac-
tors, without checking the increasing pay
rolls at the mines.
They have not stopped TO think that a little
money, from time to time. thrown after
not the bad. but the good money they have
already ina voluntary self-assessment. 40
to speak-would be the best investment they
could make.
Money has been going out. out. out-iu
increasing sums-for the last two years.
and ia still going out-and nothing but the
persistent. inststent. consistent, sustained.
unpaid and all but unhelped personal en-
deavors Of your president himself have stood
and still stand between disaster and the sue