The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1917-03-02

Unusual Terms of Acquiring Proper
That the Burro orande Copper Company has bean given:
MAY ! please call your attention personally to tho
story u The Burro Grande Copper Company, which
you have probably seen so extensively advertisedf
Last Fall shortly after I arrived at III Paso, to e-
tabish u brokerage office, n friend Of years standing,
Nj. Thco. ". Carter, a mining engineer Of note in New
Mexico, came 10 me with q proposition 20 finance the
tain district il IL New SI Mexico p'OS Mr. Carter. who So, developed doSu
and sold TO the Phelps Dodge interests the great Burro
iieved that he had a property Of merit, and 50 sure was
he that his property would pan out as the miners term
promotion house. In effect he said to me:
" Here is q good property and one that ought 70 pro.
duce enough copper. gold and silver In paying quantities
You take this property and pay US $4,000 for II, not
In cash. but In royalties Of ten per cent Of the net
smeiter returns from metals produced. In other words,
when you have taken in 100000 in money from ore
produced from this property, you win have paid US
$4,000 and you win own your property outright You
don't have to pay US one cent now, or ever, II the metal
is not right there in the ground.'
Ibid you ever hear of such a propositiOnf Usually
q locator of a property comes to you with a proposition
to pay down in cash q goodly sum Of money aud then a
large. amount of stock in the company in payment for
his claims. He IL not willing 10 take u chance himself,
but he wants the money RIGHT NOW. Here Is u mnn,
who, being a mining engineer himself, and having conf.
dence in his own examination, is willing TO take a
chance.
81 went up to Grant County, New Mexico, where the
property is located, and after checking the engineers
report with the reports of other engineers, who had ex.
omined the property, ] decided to take Il, together with
two extensions, the Myrtle Bell Nos. | and .. which we
had to buy outright on q stock basis. These three claims
gave us u full $500 feet along the mineral bearing
uuee "nu pun us ~ shhPe 10 START operations right
away. | then decided TO place the matter before my
friends and customers by "A company TO be known as
The Burro Grande Copper Co, TO be incorporated with
o capital stock Of 100000 shares, par value SlO0 each,
fully paid and worcestershire, OF which better than
$4,000 shares would be in the treasury, the balance. of
the million shares going for the necessary expenses of
promotion, purchase of additional property, etc.
al was glad TO find that Mr.. cartsr's property had
had enough work done on il 10 Justify a further attempt
at development. Before tho panic of 1907. during which
time they went broke, tho property was being devel
opcd by Il syndicate Of California capitalists. They had
done thousands of dollars worth of work on the prop
crty, including the sinking of a vertical shaft 10 the
oregon y Of fir and ! Is in ' sssei Trn,' , Is wen s ,in"srs% win
filled with water about ninety feet. il will be- easily
empticd and We will then be in a position 10 sink the
shaft another 1850 feet TO comply with the recommendu
lions Of the various engineers who have examined the
property. The deep shaft that is on the property ao~
cut good milling ore In several places, although they
made no attempt to sink ON the vein.
"Bgt here is the best part Of this story In c sixty
foot SHAFT that was being sunk on the vein in uOing as
sessment work, a fourteen foot body Of ore, all Of a
good milling grade, has been uncovered, and two feet
of the hanging wall is shipping ore, running better
than SIX Z" ten per cent copper with excellent values
IN gold and silver We propose to put men to work
the ore on the dump and to the smeltcrs in order 90
take advantage of the present high price Of copper.
eve are going to make a mine out Of The Burro
Grande il there is one there. and unless all the engi.
uccrs are mistaken, THERE II ONE THERE, aud we
are going to develop II along conservative lines. We
are going 10 raise $4,000 and hand il over 20 our en-.
ginecr aud tell him to get busy.
"To raise the amount ! am asking my friends and
customers 90 subscribe 20 100000 shares OF Ownership
aud Publicity Pool stock nj Is cents per share. When
this Is sold, or when in the opinion Of the board VI
directors, enough is sold to get well along with the oper.
ations, that offer is going TO be withdrawn aud the stock
offered NJ 80 cents per share. When there 10 $4,000
in the treasury, an stock offers win be withdrawn, aud
the balance of the stock held in the treasury to con.
struct "A mill when a sufficient ore body has been
blocked out to justify II. In the meantime, however,
wc will enter the list of producers by shipping high.
grade ore from the surface shaft.
81 want every one OF you TO get some Of this Is cent
stock, NJ least a hundred shares, while il il selling at
this grcc, and put u squarely up 20 me 20 see that YOU
get a square deal and a run for your money.
''Of course you will not overlook the necessity of
making up your mind promptly, for the reason that the
offering is being rapidly absorbed and may be with.
drawn at any time.
Very sincerely yours,
c. :. PETERSON,
For G. :. Peterson 4 Company. "
will now buy a share Of stock that will be
~ offered next at
Company 10 be incorporated for 100000 sharea,
si00 per share. fully paid and aonassessable
Write OF wire your orders AZ once, as this allotment
is b. ing rapidly absorbed
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