The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-12-14
OLD VETERAN COMPANY
MAKES GOOD SHOWING
DIRECTORS INSPECT PROPERTY
AND MAKE FLATTERING RE-
PORT ON CONDITION..

+ The Old Veteran Mining company,
by it's secretary, l.. L. Brainard, issued
circular letter to the stockholders of
the company under date of December
"A, in which the property is described
as making most encouraging Show
ing, and shareholders are advised to
to sell their stock without first re-
ceiving full information which the
company will cheerfully give. The
company regards the stock worth dou
BILE the price being offered and de-
sires to protect the stockholders
against loss. The Old Veteran was
organized on an assessment basis, the
stock being issued upon the payment
| the understanding that a similar as
sessment would be levied every sixty
days to carry on the development of
/ the property, The stock was over sub
/ is still held by original subscribers.
Extract from Letter.
| During the months of october and
| November or since our report of Octo
vanced a total of 81 feet, making the
| No 3 east drift now 230 feet on the
ledge, The condition and character
of our ledge is best described by Mr.
! UN a lon oly hnl1 nt
member of the board of directors and
consulting engineer of the company,
who visited the property on this date
in company with Mr. Allan G. Ken
needy, of your board of directors, and
who states that the Old Veteran ledge
is one of the most promising veins
he has ever seen. No better or more
encouraging report could be given to
the stockholders than Mr.. Ehrenberg's
opinion, as his standing and reputation
among mining men is of the best. This
opinion is the more valuable for the
reason that the Old Veteran Mining
company has nothing to sell. More
than 80 per cent of the stock is held
by the original subscribers, most of
whom reside in the Occur d'Alenes
and are in close touch with the dew
elopment system of operation and flu
! ture prospects of our property. In
| this connection your management de-
sires to warn the stockholders against
a hasty sale of their holdings in the
event of any sudden demand or rise in
the price of the stock There is de-
mand for the stock at the present time
and instances have been called to our
attention of persons using Interior
means in an attempt to discourage
stockholders, with a view of securing
their stock at less than it's value. The
showing at. the property could not be
better and the stock is worth double
and treble the price now being of
! fered Stockholders of the company
are entitled to all the information ir
the hands of the officers. This in
formation is given out with our period
ical assessment notices and through
the newspapers and the stockholders
are urged to get the latest facts from
the office of the company before part
ing with their stock, You are the one!
who have developed the Old Veteran
to it's present exceptional showing ant
the management desires that you re
ceive the full benefit of your invest
ment. In the event of opening al
ore body the management has a fixed
policy outlined for the operation Of
the property which will no doubt re-
suit in quick returns on the invest,
ment. All our necessary supplies fol
continuous development during the
winter have been taken into the prop
erty and there will be no cessation OF
our work. Our ledge, formation, loca-
ton and everything connected witt
the Old Veteran convinces us that we
have an ore body in the property and
t is our desire to reach it as soon as
possible"