The sun., 1916-12-10

THE returns on the first shipment of ore have Just
i been received from the Tacoma smelter. The
actual amount paid per ton is one hundred and forty
five dollars.
These initial shipments have been made by a
pack train from the mine to the railroad, a very SLOW
and expensive procedure.
With the erection of an aerial tram from the
mine to the railroad at Kennecott the shipments can
be tremendously increased, the cost considerably
lowered, and the profits will be correspondingly
larger.
To build this tramway, erect a mill and provide
accommodation for a larger force OF men, the dlrec-
tors offer five hundred thousand shares OF treasury
stock at par, one dollar per share.
This issue has been absorbed much more rapidly
than we anticipated. 1t is now necessary to announce
the fact that the books close on Wednesday next, at
O'Clock in the afternoon.
There is every indication that the stock will ad-
vance rapidly when active trading on the New 1ork
and Boston Curbs begins.
What is of far greater Importance in our Judg-
ment, however, is the fact that all the mining men
and engineers who have examined the Josevlg prop
erty predict that with development IL Will prove as
valuable as the kennecott.
w, Bertram Hancock of Mccarthy, Alaska, formerly engi-
w. neer for the Kennecott Corporation, and for the Rio
Tinto of Spain. has this to say of the Josevlg properly; )
know of no other property which promises such large and
immediate returns.
Chas. Colcock Jones, President of the Los Angeles Min
ING Engineers Association and one OF the foremost engineers
in the country, says: THE Josevig claims have the best show
ing of copper minerals in the kennecott district.
Angus Mcdonald, E. NJ formerly Superintendent OF tho
Kennecott, with offices in Spokane. Wash, says: In my
valuable as the Kennecott. With an aerial tram across the
glacier from the property to the railroad, a highly profitable
mine or mines should be developed
Chas. McKinnis. Secretary and Treasurer Of the Gale;
d9n 1ao M Min Sg,i Gomgpa1 ny S of Wa lilac ;l lda retnr 1wd'f from mas q r rjsit
to the Josevig claims. He says in part: Mining men all
agree. next best showing to Kennecott Bonanza
D. X. Mcdonald of Spokane, who accompanied Mr.:
have ever seen. The ore in the tunnel is 13l2 feet across.
think it is one of the biggest propositions in Alaska, or
America for that matter
The Hon. Judge John Lyons of the L. S. Court at Valdez
SAYS: II know the Josevg family very well. Their disputes
were thoroughly aired in my court. never saw the property,
but always understood it to be very valuable"
y sas, ihc , %ntst'H1s 'Sat ' is f Ge 1sGs% has s1 '1sta assss til, fs' Gsvs 1S eth;
L Of The Josvis property: It was only on April sh, last, that til.
s yn5aSSs t s5ni Hey SnFf r& SEG" and 'e se thc ae% a to S's the 70 5o 'Ss RFG RSnncs %a'
Copper Company. 1t may not be amiss to repeat that the Comnanys
G eSpSk'dd r eStiyt opposite s s the he famous Kenneeott BONANZA, and about seven
miles from the Copper River Railroad.
1soo.@o pounds Of high.srade ore. from which shipments have already
gone to the Tacoma slneler, with initial returns of Sli5 per tonasstated
Conservative estimates place the amount Of copper actually in sight
in excess of two millions of dollars.
There is no mortgage or bonded indebtedness against the property.
10 ,n ga capitalization ondnaiG m Of the s fompa iyu is mSdeT aas a b ths e G1Hons b 0s
been placed i in tine treasury "a Gyra ar n f aet tb % ima nI n%a eaua fom th Gl s al
Of five hundred thousand shares will be ample for the proposed improve
ments.
Once equipped in the manner set forth above, the Josevs Kenne-
colt Copper Company will Immediately ship a large tonnage of rich
ore, and so participate in the handsome profits now being made from
three o'clock on Wednesday afternoon next. Orders may
be telegraphed at our expense.
Subscriptions uH be accepted in the order receired.
HARVEY A.WILLIS co. ELI EDMUNDSON,Jr.
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