The New York herald., 1921-08-08
GOLD now OFFERED
AT $3.50 AN ounce
Mines Operating Company
Promises $3.50 Profit
When 1t Is Mined.
RICH DEPOSIT CLAIMED
Concern Seeks Financial
Backing Here for Opera
ing Its I'll Dorado.
BURIED DEEP IN CREEK
Canadian Officials Not as OPP
timistic as Promoters Re-
garding Outlook.
RICH DEPOSIT CLAIMED
BURIED DEEP IN CREEK

garding Outlook.
The name OF Charles III. Unversagt
does not appear on the letterhead of
the Mines Operating Company OF 405
Lexington avenue. Nevertheless that
versatile and modest gentleman is the
managing and mine director of the
company. and to his genius may ual-
doubtedly be credited an opportunity
now offered the public (for a limited
time) Of buying gold by the ounce and
making the investment pay a profit of
133 1-3 per cent. year.
The Mines Operating Company has
creek bed full Of gold up in British
Columbia 1t says frankly: I'VE con-
troll the largest and richest gold prop
erty of it's kind in America" Refined
gold in the hand is worth to any
body $20.67 an ounce at the mint, un-
refined gold SIS an ounce. But this
particular gold hasn't been taken out
of the earth yet. In order to get Il
out. you see, the company needs more
working capital. To get this capital
the company will sell you gold for
future delivery
AT precisely what time in the future
the delivery will be made the com
pany doesn't say. But anyway, you
buy the gold now at the rate Of $3.50
an ounce, and when it is mined the
company agrees either to turn it over
TO you or to buy it back from you at
SIS an ounce. That gives you a neat
little profit of $3.50 on each ounce,
and who could ask more?
Company's Recent Offer.
A few weeks ago an even handsorler
revenue was being indicated An adj
vertisenent published in New York said ::
Buy monthly income for period Of
three years.
800 cash earns every month. ........... $50
500 cash earns every month. ........... 100
] 200 cash earns every month. ........... zoo
5000 cash earns every month. h....-.... 900
These incomes are the average prof
It's for the period. Other amounts in
proportion. Name the amount you have
for written Information. Address Man
ager f., Room 221, No. 405 Lexington
avenue, New York city"
Room 221 at 405 Lexington avenue is
large room, and appears to be a hive
of corporate activity. 1t is the office.
according to the building directory or
lettering on the door. not only of Charles
III. Unversagt, Wilson NJ. Taylor and
other persons. but of the great Cariboo
Gold Company. Go-Gas. the Standard
Finance Company, the Wingdam Com
"A 4fv.r
Company capital stock s1,250,000. A
reporter for THE New YORK HERALD
called there to find out how $500 cash
could be made to earn $50 month, thus
trebling itself in a year.
1t was explained that Manager F''
was merely a symbol such as many ad-
vertisers use to check up advertising
results against the outlay for any given
medium. The man who came forward
TO meet the reporter was a thick set,
round faced, gray haired. prosperous.
even benevolent looking individual,
wearing crescent shaped glasses in front
of small blue eyes.
He neglected to give his name, al
though asked to do so. The reporter
In this and subsequent interview ad-
dressed him as Mr.. Unversagt without
being corrected. but two letters sent
from the office OF the Mines Operating
Company to the Office OF this newspaper.
relating to the interviews, were signed
(with a rubber stamp) wv. T.. Parker"
w. z. Parker Is the name given on the
company's letter heads as that OF
vice-president. The other officers are
Ernest Richter, president Harry Jones,
vice-president: K. A. Mcguire secretary
and treasurer.
Seemed to he In Authority.
However, the man with the crescent
glasses seemed to be in authority in the
cffice- 1t was he who explained that the
figures in the aforementioned advertise
nent were subject to correction now, as
the gold, ''for future delivery" had iust
been raised from the old price OF SO to
$3.50 an ounce. He said that the COM
pany did not give personal interviews
but that IL the reporter would leave his
name and address there would be sent
Z 10 him such literature as would 20 to
a person answering the advertisement
Later this literature" was handed to
the reporter personally. At the same
time, the man said. the company was
considering a deal whereby II might sell
lis gold to one rich man instead OF the
public generally.
Part OF the literature" Is letter,
dated July 81, 1921 wherein the great
k3io oFhhhb pau - uIIOlufQs
You can buy cotton, OIL grain. COP
per. dry goods, boots and shoes or any
other commodity for FUTURE DELIv-
cry" says this letter ia there any
reason why you shouldn't BUY GOLD
IN THE SAME WAY?.
1--WE sell you gold at $3.50 an ounce
We take It out and guarantee 70 pay
you SIS an ounce for yours Twelve
G2) Millions of Dollars Is now proven
tp and ready TO be taken out A linn
tied amount of Gold Is sold for future
delivery TO provide further working cap
ital in preference to the sale OF stock.
Your profit on the Gold takes the place
Of or is. in q way, the same as dlvi-
dends on stock. HOWEVER, YOU
MAKE As MUCH ON THE GOLD IN
A SHORT TIME AS YoU WOULD ON
A GOOD STOCK IN a LONG TIME
THE PURCHASE OF GOLD rs ALSO
a MUCH SAFER DEAL. ANY
amount can be bought from 10 ounces
up 10 the limit OF the sale"