The New York herald., 1921-08-08


good. and the ground has a great repu-
tation for rich Gold Values, which are
endorsed and spoken well Of by the bi-
reau of Mines of the Canadian Govern
ment THERE IS NO HIGHER Az
THORITY.
"rhe Directors and Committee man
agement have alone about half mill
ion in the property. This Is POSI-
TIVE ASSURANCE that the company
will be carefully conducted and the gold
values mined as rapidly as possible.
You should buy all you can at once,
because this is the only offer OF the
kind we know OF and being small in
amount will not last long. Stocks can
be bought at any time. but this ot.er
cannot be found elsewhere. and when
closed will not be repeated. So BUY
/ AT ONCE. AS YOU WILL MAKE IN .
YEARS AS MUCH AS YOU ORDiNA-
RILY DO ON GOOD STOCKS in F'RoAi
Is TO 80 YEARS. or in a savings BANK
in IS years on the same money. READ
| CIRCULARS WITH CARE, and let us
have your subscription or request Tor
further information IL you wish IT.
The man or woman who sends cash TO
the office of Charles II. Unversagt Tor
gold "for future delivery" receives q
handsomely engraved Warrant Tor
Bullion" signed by the president, secre-
tary and assistant secretary of the Mines
Operating Company. 1t certifies that
the purchaser is the owner OF so many
ounces Of gold contained in the prop
erty controlled by the undersigned Light
ming Creek. District OF Cariboo. Prov
ince of British Columbia, Canada, to oe
delivered in kind or by the payment OF
4 stated number of dollars lin install
nlents OF not less than per cent ir
value as and when produced by the mld-
ing operations of the undersigned.
To Use Due Diligence.
The company "agrees to use due dill
gence in mining out the gold but there
Is nothing in this bullion warrant
binding the company TO mine any goia
at or within any specified time or TO re-
imburse the purchaser inecase the goia
he buvs is never mined at all. How
ever. one of the circulars says that the
purchaser gets either the gold or It's
nooney value at SIS an ounce in United
States currency as each per cent. OF
the purchase or bullion warrant Is
mined out This means that II IS deilv-
cred as produced. The buyer can figure
on first payments beginning during first
wear and the whole warrant being paid
off during three years. The time period
Is not guaranteed, but as the three year
period Is an allowance OF 90 per cent
more time than was found necessary IN
the past to mine out this ground this
period can be considered ample time 20
pay off the bullion warrants
Strangely enough. even after digest
ing the company's literature prospective
gold buyers sometimes ask questions
and the company kindly has prepared
for them a sheet Of twelve inquiries.
asked and answered. In the course or
the answers the company says that the
Canadian Government has made an ex-
animation OF this work and In erect m
dorses the claims of the company tha !
warrants will not be issued In excess ot
in gold definitely proven up tnat
the ground is exactly the same class
of rich gold gravels as made the kion-
d.le famous about twenty years ago
that the company owns free and unen-
numbered 260.618 ounces of gold OF the
value of SIS per ounce. that against
this there are no obligations on tnls
except the present sale OF 10000 ounces
which may be increased TO bo,ooo
ounces IL more funds can be used to ad-
vantage" and that the existence or All
this gold has been determined by the
methods employed all over the woriu'
which are definite and accurate
.srrhese results" says the circular.
termined the same and are approved py
engineers and the Bureau OF Mines OF
Canada, and, of course, cannot be ques-
toned. II would be most unreasonaoie
to have any doubt of the same in view
OF the evidence the company supplies
and the fact that Lightning Creek now
has the reputation Of being one OF the
worlds greatest gold streams.
ANY number OF engineering ana other
opinions OF the highest character can De
furnished However. the statement OF
the Canadian Government ought 10 sat
isfv everybody"
The Mines Operating Company Is Mr..
Uuversagt's holding company Tor ms
Lightning Creek Gold Gravels ana
Drainage Company and other properties
in the Cariboo district. The Lightning
Creek company was Incorporated in
1896 with a capital of $1,000,0o0, later
increased to 100000 1t has been
selling stock for many years, but has
paid few IL any dividends. One OF MT.
Unversagt's circulars In his present
campaign quotes the Department or
Mines Of Canada as saying In its 1919
report:
eat wingdam. the Lightning Creek
Gold Gravels and Drainage Company, a
New York syndicate. Of which Mr.. G.
IT. Unversagt is manager. are engaged
in developing their property. The COM
panys owns extensive holdings along
the lower part of this creek, extending
from Beaver Pass down stream, a dis
tance or twenty miles.
Extensive and systematic prospect
ing by keystone drilling 70 obtain cross
eeetians or the valley prd the gold val
ues contained in the gravels has been
carried on for a distance OF about two
miles along the stream. The buried
channel. which has width Of about
100 feet, is found to lie about i65 feet
below the present stream bed, and to be
bordered in places by rock terraces 10
70 20 feet high. Both bench and deep
channel gravels contain high values In
coarse gold. tho channel graveis being
however. much the richer"
Here the quotation offered BY the
Mines Operating Company stops. The
original report from which II Is taken
continued "The great depth at which
the deposits lc and the excess flow Of
underground water encountered, are the
chief handlcaps 10 the workings Of these
deposits"
A despatch from ottawa 20 THE New
YcRN HERALD says:
MIR. John McLesh. Acting Director OF
Mines, denied to-day that the Lightning
Creek company. which Mr.. Unvcrsagt
represents. had ever been indorsed BY
the Government here, and added that Il
had never been the practice OF the Mines
Department either to condemn or indorse