Los Angeles herald., 1910-09-25
le nnmning station on the

also owns one pumping station on the
Colorado river.
The property after long and thor
ough examination was purchased by
o. l.. Grimsley and G.. A. Scroggs, M.
D., who have thus far expended up
ward of $4,000. 1t was first recon-
mended to Mr.. Grimsley in 1904, in
Denver, and after several trips he
closed out his interests in Nevada and
gave exclusive attention to the La Paz
properties, purchasing certain rights
while the property was still embraced
within the reservation on the chance
that ultimately 1t would be thrown
open. over $2,000,000 has been taken
from the property. The engineers report
that gravel can be handled for cents
per yard. Samples of thirty different
places on three claims only, l. e., La
Dura. Veiasco and Arizona, one foot
each of gravel, give $3.50 per Gu. yd.
Measurements and surveys snow up
ward of 100000 yards of gravel, or
$3.640000. In addition, the company
has 800 acres, which include some OF
the famous rich gulches where great
quantities Of coarse gold and nugge.s
have been found, and which IN addi-
tion contain upward of 0O,00OO GOO yards
of gravel. carrying from three to five
dollars per yard. The most conserVa-
tive estimate, however, gives the lat
ter claims a value in excess of
$15,000,000.
The board of directors of the New
La Paz Gold Mining company nave
authorized the sale of 100000 shares OF
sufficient part thereof for the purpose
of installing the plant ana colnhenc-
ing active operations, all money re-
ceived for the sale of the same to be
used for this purpose alone. The bal
anee of the private stock mas been
pooled and placed in escrow in the
First National bank of Los Angeles,
with the stipulation that no stock
other than authorized as herein men
toned shall be sold or offered Tor
sale for a period of six months. Inc
company is offering this stock on the
following teYms: First 5O,OOO snares
at 25 cents share, second %, OO0
shares at 80 cents share, third 50,OO0
shares at 35 cents a share. One-tnlro
of the subscription may be paid down
and the balance in three equal monthly
payments Bear In mind that only
S35, 900 worth of stock will be SOLO, anu
every dollar of this amount VIII De
applied to the working of the prop
erty All subscriptions for stock
must be paid, and all certificates
shall be issued at the offices on
the New La Paz Gold Mining
company. Here is an opportunity tnat
YOU cannot afford to overlook. The
officers and directors OF the company
are gentlemen of financial standing
and unimpeae Enable integrity, whose
prominence and qualities are such as
to guarantee the stability and merit OF
the company, as the following names
attest: o. L. NGrimsley, president ana
general manager; G. A. Scroggs, M.
D., v. P. and treasurer; p, I. Bailey
secretary; o. ". Eaton, attorney; ..
L. Grlmsley, G. A. Scroggs, M. d,
]. r. Johnson, John t. Bill, Fred Z.
Shurtleff, NJ. D., E. T. Bailey, 5. L.
Guernsey, e. C. Austin and u. q.
Abercrombie, jr
For further information not made
plain by this free and unsolicited edl-
torial, address the New La Paz MIN
ing company. general offices, 2lS-l9 y.
T. Johnson, Bldg, Los Angeles, Cal
This H. chance for investors 10
double their money in very snort
time. as this company's property has
indications of becoming a big producer
with a little more depth, and they
will push development work Vigor-
ously. The company has been the
subject of painstaking investigator
on the part of the edithr of the West
ern Trade Journal, and a spirit of
fairness impels the statement that the
most searching examination conVinces
us that this company offers the best
form of investment in mining stocks
within our knowledge
The New La Paz company is now
at work on it's property, building a
large reservoir and pipe line, and ex-
poets to be in full operation by jan
uary or sooner.