Rogue River courier. (Grants Pass, Or.) 1886-1927, 1908-07-24
GOOD OPPORTUNITY
FOR INVESTMENT
The Gilman Bed Rock Mining
Company Locate Below
Galice Creek.

There are comparatively few people
in Grants Pass and vicinity who seem
to realize the extent and Importance
of an opportunity which has come to
them within the past few weeks or
months through the locating in this
city of the office of the Gilman Bed
Rock Mining Co. and in an interview
with Mr.. Wendover the secretary of
the company, some points were
brought out which should be of
general interest to the people here.
"The actual work of this company
has not yet commenced. and will not,
for four to six weeks to come, yet we
have already been directly responsible
for adding about 80 people to the
population of Grants Pass, and this
letter from Roseville, Cal, shows
that there is quite an army from that
town alone (all stockholders) who are
preparing to make Grants Pass their
future home Before this company
will have been in operation year,
with the additional machines they
contemplate putting into operation,
the employees and their families will
number something like 500 to 700
people.
:" No one, who is in a position to
pass judgment, doubts but what
Rogue River bed rock is immensely
rich in gold aud for the past 10 to 20
or even 80 years, the people of the
Rogue River country have been looking
forward to the time when some
method of mining would be put for.
ward 10 successfully cope with the
conditions to be met In mining this
river, and the accomplishment of this
feat will, without doubt, do more to-.
ward advertising and developing this
section OF Oregon than any one thing,
outside of possibly the putting of
water on the land of this valley.
This company came to Grants Pass
with practically rs per cent of its
stock disposed of. 1t started to work
Immediately building its barges here
while the machine and other equip
ment was being manufactured at
other points. 1t came here with
money it is spending Its money here !;
1t is briniug new people, new families
to Grants Pass and it expects to
become large factor in the develop.
ment Of this community. 1t had
good reasons to expect some local
support from local people for local
enterprise and it is a strange and un.
accountable fact how really few of
the local people have svailed them
selves of the opportunity offered by
this company in an enterprise practi-
cscally local in character and open
ing up new field of operation so
long needed aud looked forward to
the people bere for the last decade.
LUIS is HOb III buo uhbuIt VI COu-
plant, but it is a matter to be de.
plored that local interest at the home
of this enterprise is at such a low
ebb. The company expected some
local support, it expected to have a
great many local stockholders. 1t
Las not gotten them, but this does not
mean, by any means, that our ma
chine is not going TO be put into ac-
tual operation and that within the
next four to six weeks, because we
have already disposed of all the stock
necessary to accomplish this end with
the exception of Sll0O to $1,000, and if
this amount of stock is not sold here
at Grants Pass where it will do local
good and where the returns will be
spent, it will be sold elsewhere.
The three barges have already been
completed; one of them has been
taken through to below the mouth of
Galiee Greek where operations will
commence and the other two barges
will be taken down within the next
week The machine itself, which has
been constructed at the Phoenix Iron
Works, Sacramento, Cal, has already
been built and is being shipped to
Merlin from which place it will be
hauled TO its destination. The com.
psny will be in operation betwe cen
August Goth and 25th Stock in this
company has never sold at less
figure than today and the small
amount Of stock available is going
rapidly at s5 cents per share and will
undoubtedly all be disposed of within
a short time.
The company is osly capitalized
at $50. 900 shares and 10000 OF these
shares will remain in the treas.
ury with (which to accumulate a
q surplus to build further machines
for operation in Rogue River. so that
the investor in this company not only
derives the benefit Of the earnings Of
this first machine but all other ma.
chimes put into operation in RoOna