CMPLD Local History Collection

Lake County Independent, 4 Dec 1903, p. 5

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WTHIN, hABE IVESiPN E REACH 0F ALL M M -Caitl Stock. 20 500,000 SharesPar Value $I.00 Each FuIIy Paid and Non.'Assesýsable. No Personal LiabiIlii Attached. by n Sd' aid Suoossshil F C. DINSMORE, Merchant, Delavan, Wis., Pros. J. H. MYER8I Frisco, Col., Mining Engineer., 1 et Vice.Pres. FRANK B..FLUOK, Kimmelton, Pa., Engineer Reading Coal Co., 2d Vice-Pres. S. H. ALEXANDER, Madison, Wis., Sec'y, 10 Years Banking ExperieucL WILLIAM R. THOMAS, Watertown, Engineer, Treas. J. E. DINSMORE, Delavan, Wis., Merchant A bove and C. A. QURWELL, Defiance, Ohio, Solicitor FRANK E. WIRE, Chicago, United States Railway Mail Service R. P. ADAMS, Walworth,Wis., Merchant' t Beiqg Impossible for, the- Offiçers of 1This Company to Meet Every Resident of Lake County1 and t Seing Our WIsh to Bring our Enterprise to the Attention of AUl, We Have Bought This Give us your attention and we wiîî try to maiceo position clear. We bave made a careful investigation f the business of gold mrning. Firstly, in regard to amount of capital needed; Secondly, in regard to chances of suc ces in the business, and Thirdly, Profit to be realed by the investment. We find that it takes from $îoooe to $iooooo to develop the average mine. This would be ton large a suin for any one of us to spart f rom our other business, but it is not very much when divided among sev- eral hujored people. ~e saw this, so formed a stock * company and ask our fuiends to share with us or beconie partners without liability in our mine. We aIl heîp make the mine and ail share in the dividenda. Ve know that a great many have mioney that is darning them very little andI that they will invest in our stock when they under- stand the fadas. A number of substantial and successful citiSens of Libertyville and Lake County have already in- vested and are wçll satisfied. * - In regard to chances of success we find that over go per cent in mercantile pursuits faîl during 2o years'ac- cording to Bradstreet. Outside conditions such as panic, conpetition, fire, etc., which would in no way affect a rine-wreck other businesses. 'Most mining enterrises tbat have failed bave failed because of dishonest or in- co mpetent management. Conditions have also changed. Improved facilities for readily and economnically shipping, milling and extracting the gold bave made ore that was formerly thrown on the dumpyaluable, and have put the businessof gold mining on a safe and- proltablebasis. SIn regard to the profit ini the business al know that in no the buines ae te closalfortunes madean made as >quickly. A few exaniples may lie to the point: $2oo.o invested in Elkton netted $ 14,000 and dividends. $20invested in Acacia netted $îo6,ooo antI dividends. $aa ivested in jack Pot netted $135,000 and diiidends. And yet a good deal of this stock went begging on the mnarket antI no doubt the promoter metthe wise man then, as now, wbo madIe the tiscovery that if it was a good thing it would have, been developed long ago by somne capitalit-no, be was too wise, so buried bis money in a napkin while bis neigbbor with not quite so large a bump of conceit, bougbt the stock and matIe bis fortune. The State of Colorado produced over $28,000,000 in gold last year, almost as mucb as the total production of all the other leading gold States combined. Over go per cent of tbe past total goltI production of the State is esti- mated to have corne f rom the Sulphide Gold BeIt, reach., ing froni Leadville to Central C4y. Our property isl b. cated in the center of this belt in Summit County, near Frisco. Ih consista of 12 full Iode mining dlaims on Royal Mounitain and vicinity, antI 52o acres of valuable placer gravel. The Veina we will cut run froni 3 ft. to over 50 ft. wide antI ore runs from $îo.oo to $50-on up per ton-some ore having run over $ion per ton. The average of ahl ore shipped f rom this county is over $4o.oo per ton. We are tIriving.a tunnel into Royal Nlountain to crosscut antI develop our veins. The tunnel tvîll drain the property and serve as means of transportation for ore, s0 -that no water will ever have to be pumped or ore hoisted. A great saving. Orecan be dumped tirectly f romn the moutis of'the tunnel onto cars of Colorado & Southert R. R.,-:and the Dnver& RioGa'ande-R.-R. it .withmn- 500 feet of mine. We have a supply of pîne timber for al time antI are within 30 Miles Of amelter. Finevwater power on property sufficient for running ail rnachinery. Summit County, our County, bas been the greatest producer of placer goltI in the State. Within a few miles of us lie the great Gold fan- 1backed by American Biscuit Co. and Abner McKinley, owning fourteen miles of gravel and with $8ooooo spent in equipment and development work. The Ore Grande, The North American Dredging Company of Baltimore, The Meca, Ryan's Gulch, Gold Run Iowa and otbers, ahl beifig worked and making the holders of stock or owners more money many tumes over than they could malte in any other business. Over $6o,- o0o,000 was paid out in dividends to stock bolders by the mines- of the United -States the first six -montss o! 902. Summit County is credited with a production o($62,- ooo,ooo in placer gold si nce the discovery of her placers in 1859-6o. Thomas Tonge, special correspondent of the Mining journal, London, says: "Summit Co.. bas been and is pre- erninently the goltI placer district of Colorado." Here is what Geo. B. Walker, a DcputyU. S. MineraI Surveyor of Colorado, -formerly a Milton, Wis., man, says: "I came to Breckenridge, Col., 23 years ago and bave been a resident of this place during that period. 1 formerly lived at Milton,,Wis. Frisco, Col., is ten miles from Breckenridge andI I arn well acquainted in andI around Frisco andI have surveyed in nearly ail parts of the county. 1 bave matIe a surface examination of the prop- erty of the King Solomon Tunnel & Development Coni- pany, and an underground examination'of the King'Solo- mon Tunnel. The tunnel runs about at right angles with -tht veins pnRylonai. n ilçtthe vms of, the King Solornon Co. At about ion feet froni the mouth the tunnel bas cut ai2lind vein about ttventy feet wide, that dots not show on the surface. The tunnel gains depth very fast and as it cuts the several veina belonging to this compay, and blind veins it may ce, the îmineral ci very economically extracted, milled or shippe. lThe nel is close to the Colorado & Southern R_. R. and a r can be made to the tunnel so that ore-can be dumjiptI the mining cars into the railroad cars. Tho I>YI R. G. R. R. also runs within one-eighth of a mile. is a splendid water power close to thîs tunnel antI sul power -can be got fromi it to run air or elcctric dxili for any other purpose that may be required- arot*nd, a There is also plenty of timber on these dlaims for ms U. S. Deputy Minerai Sur"e Opinion of another prominent rining engineew "In regard to the location of King Solbmn m I* have to say:- I do not believe that yoa could. get* location in the whole Tep-mpile range than Ki<ng SM Tunnel. The tunnmel will tap some of the ritâ bodies ever opened -when it isdrîven -xooo fret. t want an investment that eill pay yois a big m'ou flot think vou can do better in tht State than " iti and the King Solonbas onie of the best locatice»' district. G. W. Adams, C. E. £ "have been in aIl the mining camps Of CDUKW$ 1 think 1 arn acquainted witb their hilstory, but I14 believe there is a -nîiniing camp in the Stite 0%t sd turn a profit- for -the ammiit of money izivet Frisco District will. King Soîdmon Tunnel as atO !he best_part of the-district and will cut sôtm V" veins wbicb cross isuneatC"tnges i better than investing your money in this distritam pecially in King Solomon Tunnel. - ".W. Spratt, Supt. -Talýor Mines& Millinlg C The Superintendent of Mine Receives a SmaiI Salary for Actual Work-Done-No Other Salarled Officers. We ëffer & imited amountý of Stock, If Taken at Once, at the, ground floor price of 20 Cents. per- Share. habe t raseany day without notice. Only enô ugh stock will be sold at this RemarkabyLwPrice bo in sta machinery. If you wartt to make the, most from this investment .don't wait titi the stock goes toe par or is altogether from the market. o I1Iç y rc- a- or io Per Cent. Ds.eunt for Cash if Coupon --- he us Sefere Cecembef1 *t- out eut Coupon $selow aoi atl To4y wth rait. 'I NI mi 'II g- arit Y@u Haetit the Cash sen Option bolow end malilat Onea wlth M tOs0W orire: Payment Yeucoen pay ihe balance *» par nmenth. W-8f You Want More information Mail This Coupon To-Days P.5 - No -__ INSTAýLL.MENT BLANK 5. King Solomon Tunnel end Development Comnpany Yes are t..rébyathorised to subecrribe mt alan the subscrlption boock cf the KING SOLOKON VUP NEL AND DlGVEL0PMENT COMIPANY for.... brshoft is capital stock. et 20 rente pars abom Xt balnceStttcroe c ot ls.tha................crPsnettp e heewith Inclose ....... .......................... jolal soott0re n an '¶Ite pi teinw- t te rt o.e luta ......... aeern o until loire rate lau,'onnlderktloi of the fillljoent of the foregoliig aireement the KING UOLOMOt'l TUNNEI, AR delîver ta the sobseriber herelu ............ aharsoflite capital mst ottir pold and n-tnessailet t of Ità capital toek. f nly puaid n naacnitmooediatel), 0100 complet on of saltI paylneat. If, for hoy tesson, the paynients on ald cotrat lape. andI are In arre4rs more tan thirti isys, t»~ Company herewith reservea the rlalt of anuulling this option, andI cf ilntk ia lieu thereof, btoeks la s«M hundred uhares et the then prIce, for thc atocant palt inl. Sgat4t5 of 8ub era. Datd.................... .............................................. i)at d . ... ... ... ... ... ... ... .... ... .. DW . .. ... ... ... ... .... ... ... ... w ... ... ..b .oe F.Cie Dinusmore President, Delavan, Wis. BELIIIL I~E or- ~rei Sam.H. Alexant' Secretary anid Fiscal Agent, Delavan, .No -__ CASH SUBSèRIPTION BL.ANK $ King Solomnon Tunnel àmd Development COinPanY DELAVAY; Wis. To an bkercby &thorized te suarbertMy n»me la thec ubcrlption book cf the KING SOLOMON TUWP NUL ANOD VELOPMENT COMPANY fer.... aares of It capital stock. at 20 cents per shirt. 1 uwlth ID lois.............................olars as fuii payment for Raid stock, fully paiti and notaheabe. No persenal Baililty. flated .................................. 10..... ...... ............. .......... ........... kslguature of Subscrtber. Adrema. . 1 dw i . ý M Wmu Md

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