The Bridgeport evening farmer., 1909-02-12

THE YUKON MILLING, DREDG- ING & POWER COMPANY.
 Gncorporated).
 Capital Stock, $5.0O0.0O0, in shares of One Dollar each, 5,OoOOO0 shares. full paid, non assesSable
 AuChOr1ZeQ, .$l 250, 600
 Assets.
 Water Grant Klondike River. .s10 0OO. 0C0 Mining rights, White channel. 20 OO0, 600 One 200 Ton Quartz Mill. 100, ,0O0
 s5,1oo, 900
 Trustee and Transfer Agent.
 Register & Transfer Go,
 New Jersey and New York.
 Officers.
 George B. Hulme, President; W. D. Chase, Treasurer; Geo. W. Trenchard, Secretary. ...
 Directors
 George B. Hulme, New York City, Wm. D: Chase. New York City; Thomas c. rrenchard, ] New York City; Waiter H. Thacher New York City; A. E. King, Pierre, South Dakota.
 R. B. Livingston, New York City.
 Bankers.
 :. Canadian Bank of Commerce, Dawson, Y. T., Canada; Windsor Trust Company. New York City.
 Consulting Engineer.
 G. o. Baker, New York.
 Attorneys.
 Walter H: Thacher,. New York City; c. ". c. Taber, Barrister and Solicitor; Hayden, Barristers and Solicitors, Ot- tawa, Canada .,..-,
 Fiscal Agent. % Max Wineburgh. . Investment Securities, s-or HnI ha The Yukon Milling, Dredging &
 Power Company.
 We own the water-right for power pur- the Canadian, Government. This controls the power of the whole Klondike district. The power controls the mines @ to the the cost of power produced by steam and that produced by water. =. :. This company includes three enterprises, each of unusual profit.producing ability; character. The power plant is capable or producing 10000 horse power and earning s15oco per day for 16o to 200 days, in the operation by July, 1909. The profits from the power will be over 200 per cent. per day, with unlimited market for the power, besides giving the same to the user at one-third of cost of steam. Klondike and it's surroundings has produced oyer s2oo oOo. 900 in gold with man power ra With t,I  and improved machinery in saving gold where the invisible is saved as well as the yisable, the field for selling power is five thousand claim owners, all of whom want power, many of them with invest ments we'll up in the millions. The famous worked out. They will produce s1o for for every one they have produced up to this time. Placer Mining, as conducted with gold form of mining to-day Deposits that were passed up ten years ago as being too expensive to work profitable are to-day md ingenuity are responsible for this condition. In this class of mining the ele- nent of risk is entirely eliminated. In lode mining the ore must first be a vast amount of development work. Then after the ore is found, the mechanical proposition of treating the ore, such as large expense perhaps hundreds of thou sands of dollars. About one lode mine in a hundred becomes a dividend payer. It the average mine and put 1t on a paylng basis. Consider the risk of investing in this kind of mining. ;
 Still immense fortunes have been made and are being made in lode mining. The secret of success is to strike it right; you take the chance of striking it right when you invest your money in a prospect You take a. chance even in a partially de- veloped mine where the ore Is known to exist, and is proven up.
 Placer deposits mining. 10c. per cubic yard, are giving handsome profits to the operators where the gold dredge is in use One dredge will treat two; or three thou sand yards per day, and do more work fore, what enormus profits there are iH placers running BOG. to $500 per cubic yard.
 Just consider a large body of gravel many millions of cubic yards that run 4oc: to $500 of gold per yard. Mixed M with ethe gravel at an elevation of 200 to 300 feet above the water in the creek bed. This gravel is not rich enough to move down. to the water and wash or separats the gold from the gravel. The workman would not earn enough to pay his board: No doubt you have. seen. a. steam shovel work. Well, the dipper dredge is much the same, perhaps on larger scale. The washing machine is put on the car with the shovel. The loaded dipper is swung around and ernptied~into the washing ma chine. The water is pumped up from the cree-. and the gold is washed or sepa-