Dakota farmers' leader. (Canton, S.D.) 1890-19??, 1911-01-13
A Statement From Bull River.
Bull River Falls, Wardner B. c.,

your SCOCk III Cne Dull hlVer EleCCrl(
Company, Limited.
This new company has taken owe,
all our interests in the Bull River
Mining and Power property, and is
issuing to all an exact prorata inter.
est in this com pany in what you hold
under the old deal.
| This company starts out with a
clean sheet, namely properly incorpor-
ated under the laws of British Colum-
bia and qualified to hold all titles,
and transact all kinds of business it.
self in place Of through a trustee as
all our business has had to be done
heretofore.
Under the old method our power to
do business was very much restricted,
under this British Columbia Charter
we are empowered to do any kind of
business except building railroads,
and the company now holds title to
the following property, and own the
below described Improvements on the
same:
Lot 30O7, Group l. Southeast Koote-
nay District, containing 400 acres
more or less.
Sub-lot 16 of Lot 1890 Southeast
Kootenay District, containing 45l
acres more or less.
This last subject to three small
payments still due to the c. p r.
5 River Placer claims of ] mile each
along the river bed.
4 Bench Placer claims Of 1900 feet
square along the river banks.
l Quartz claim (The Nora) Silver,
Lead and Copper, very promising.
Also fully completed f1ume grade
and fume built thereon 5000 feet long,
16 feet wide at its smallest part, and
7 feet 3 inches high inside. We also
own a good saw mill (steam) capable
of cutting $1,000 feet Of lumber per
day, with all the necessary logging
tools, trucks, and other tools needed
for such work.
We also have number of service
able houses, and cook houses fully
equipped to take care of and feed 100
men or more.
We own and control all the water
rights and placer rights on "a miles of
the river, and we have secured all the
above titles and have made all i'm
provements thereon, by the issuance
of less than 4 5 of the stock Of this
company. This included cash cost
fnr mi re- nPl
ing 20 per cent. of the stock in the
treasury.
We are now at work finishing the
main dam at the head of the f1ume
wiaioiiI viii De completed in three
weeks, and then we will get into the
river bed and get some idea as TO
what We Can expect from our gold
placers in the river. Judging from
what little we have tested it, the
prospects look very good to us and ex-
perts say that after we get the river
bottom cleaned out that we have
twenty years work on the bench
claims.
We are also arranging with Cana
dian bond company to underwrite
bonds on 5000, 100000 to provide the
necessary capital to put in the electric
power plant machinery and if neces-
sary to retire the preferred dividend |
Our power property gives prom ise
Of being very profitable industry,
situated as it is In the very centre of
a great power consuming district,
where the amount of power required
is increasing very rapidly, and if the
of power now used had to be
from our plant we would be
unable to supply the demand.
So far we have made no effort to Sc
Cure power contracts but we nave |
had several Of the power users here to
see us, and from conversations held |
with others We are assured that they
will take power as soon as we are
ready to supply it.
In closing we wish to make an apol-
ogy for the very meager reports that
we have sent out to you in the past,
and to assure you that in the future
we will keep all of the stockholders Of |
this company posted in regard to all
the details of this work, it's cost, and
other expenditures and the prospects
Of the company. And we are conf
dent that with your support and en-
that we can make this
power plant the best paying property
In the northwest, and you will have
no reason to regret that you are con-
nected with It.
Yours very respectfully,
The BULL RIVER ELECTRIC PowEE
COMPANY LIMITED.
Per Geo. E Henderson,
Attest: President.
D. S. Guinter,
Secretary.
Col. E. E. Carpenter and bride will
depart for New Orleans, accompanied
by Edwin Carpenter.