The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-05-10
NOVEL PLAN PRESENTED
TAKE CHANCE IN MINING
TEN DOLLARS is THE LIMIT-BIe
PROFIT POSSIBLE, LARGE
LOSS IMPOSSIBLE.

w. }. StrattOn. the well known ac-
countant of this city and Mrs. W. j
Stratton. a lady endowed with unusu-
al business energy and acumen. have
evolved unique plan for prosecuting
mining development which possesses
features which will doubtless appeal
to the great majority who are ever
ready TO give the wheel of fortune
another turn" The plan is explained
i'm "A little folder just issued by STRAIT
ton q Stratton, and as it is new
idea in the field of mining financing
the details viii doubtless interest the
readers Of this paper and they are
therefore given in the language of the
originators;
The Plan Explained.
I'VE have associated with us. in an
advisory way some Of the best known
mining engineers in the profession,
who, when they have nothing better
to do, look over the most promising
prospects which we are offered from
time to time We Gull these prospects
down to the one we decide to take a
chance with and take an option to
buy, provided the seller will agree t.
our terms. These terms are the only
basis upon which we will negotiate,
namely no part of the purchase price
will be paid until commercial ore is
discovered. We do agree, however to
put up your money and that Of others |
like you, to look for the ore which our /
engineers tell us may be there but |
not until ore is found do we pay for |
the privilege of doing this work
Having closed the option we de-
eide on the amount of work we will do
and figure up the approximate cost of
same This cost is divided into $40
pieces, represented in the form of our
$40 option certificates. which we sell
no more than one TO any individual.
"If after doing the work we decid-
ed to do, and our engineers tell AS the
outlook is promising. we then incor-
porate stock company and issue you
$50 shares of stock in the company
for the $40 you put mp to find this out
and You have the right to purchase
an additional $50 shares for $50 more
if YOU so desire making a total cost
to YOU of $50 for the 1000 shares If
after doing the work we decide il i.
not worthy of further consideration.
we throw up the option and you have
ost your $40. but no more. for You
AN not buy any more than $40 OPP
ion in the finding-out stages of the
operations After they have passed
his stage YOU can have 1000 shares IL
~ more if it is available. II
I'VE can promise YOU nothing but V
conscientious effort in doing the work q
We started ont to do: that not less u
han so per cent of your SO will go d
nto this work and not more than 20 VI
er cent will be used for selling an6 y
flee management, and while You may v
use your ten in the venture. YOU viii u
ave a chance TO make many times
IN if our engineers guess comes out
eht" %
The First Offering. 70
The Stratton plan will be carried y
ut on the two patented claims owned
y Peter McPhllips situated near
lack Cloud on Nine Mile and be- &C
veen the Black Cloud California IN
roup on the west and the Panhandle &C
q the east most inviting location SO
he folder from which the above IL III
ken also contains n report on the -
cPhinips property by Chas f. O. 81
erriam. mining engineer of this city, III
which the property is represented
"a good fair mining venture" The
ration option on the property is for ne
5000. The first payment of $500 is an
re 60 days after commercial ore has Pa
ZEN discovered. The second pay me
ent of $4,000 is payable nine months tho
ter commercial ore is found. and the fun
lance $500, fourteen months after wo
ldirg commercial ore The option ito
so provides that if a compressor and tw
otor are placed on the property they poi
ay be removed if the option is given fire
D Having given the details of their tina
nm and option Stratton K Stratton me
'se the folder with this paragraph nee
I'VE have tried TO make our propo- be
ion plain. and the certificate of ent
o option i'm the venture lis just as ma
hin. Shall we send You one? We ne,
We already started and will be glad 7
have You ride with us" per
on