The Seattle Star Newspaper, July 3, 1911, Page 6

Just as the Granitic Core of the Cascades Forms the Backbone of the Pacific Northwest, So, Also, Do Profits From Mining Form the Spinal Column to Its Financial and Commercial Progress. Red Mountain—Almost One Mass of Ore—On Boundary Line Between Washington and British Columbia That modern Aladdin’s Lamp —¢called “Mining” The Real Life-blood of Civilization American-English is so little understood in ite larger meaning, as the word “Mining.” No industry with such far-reaching effect on the Mves of Mankind, is yet so poorly appreciated, in Proportion to its unlimited capacity for Good To cause the lives of Millions to become better via Mining, and to lift them into positions of ease, power and Luxury —Through making possibie In advance, by bis Witt and Skill, that they shall have a Revenue or an Income they never previously Contemplated— Is the mission, privilege and power of the ern Mining Man who lives up to hie Opportu to scatter Dollars—every where. Great, indeed, is he who can Change the Estate of @ Multitude of People. . N © WORD im the whole lexicon of our It ts defined as a Medium of exchange. More properly, it fulfills the function of a Measure for the exchange of Values, as well as becoming a Standard for Deferred payments. Salt, rice, cocoa, olive ofl. tobacco, tea and dates, as well as corn and cattle, were thus Employed by ancient peoples. \ the Progress of civilization, the place of F eiteeaticneste commodities has been generally taken by the Precious Metals. ‘The large part played by money in Effecting the and measuring the value of Goods bas Jed to an Exaggeration of its importance as a Ele ment of national wealth instead of wealth—for the Individual. It first led to an Attempt to keep the precious metals in a country by Main Foree, which was fol- lowed by an Aim tending to secure a favorable Balance of Trade, and even Now— —Though successfully Controverted, the latter fdea may Still be traced tn the ordinary language of the Money Markets in the use of such terms as “Protection” and “Bullion to Settle Balances.” Pda ae BUT MONEY cannot be kept nor hoarded. All through India, gold has been hoarded for Centuries. ‘ London bankers assert that No gold bullion ever comes back from India. Financiers estimate that $1,500,000,000 in gold bars and coin is There concealed— —Nor does It circulate, As a result, India has a low Wage scale. Its standard of Life is pitiful. Its people Lack na tional spirit, and Are a supine race—ruled by Aliens, the Moral of which {s— —Never hide money. KEEP IT BUSY. Benjamin Franklin said: MONEY MAKES MONEY. THE MONEY THAT MONBY MAKES MAKES MORE MONEY. Remember, also— Yesterday, a prospector Discovered a gold-bear- ing ledge; Today—the bullion ts going to the Mint, while the Income that should have been Yours belongs to some One else. *_ 8 © ISABELLA pawned her jewels for money to bulld ships that Columbus might find a Shorter passage to India—where there was much gold. Note that no progress has ever been made Ex- cept where gold was plentifully used as a Medium ot Exchange— —Without which, we would still be living tn Dark Age, dwelling in Caves and wrapped in —The while we Shivered from cold and fear. Had it not been for the Enormous sums spent on mines and for mining supplies, together with the return and broadcast Distribution of tons of Gold— ‘Where would Denver, Salt Lake City, San Francisco, Butte City, Los Angeles, Portland and Seattle have been? Were not, in fact, the very Centers of civiliza tion Upheaved and changed, railroads Built and empires opened Up to mankind and put on the Map through— —California Guich; the Comstock and the Moth- er Lodes; the Black Hills; the silver and the cop- per mines at Butte and in Idaho, together with the wealth of the Cascades and shiploads of Gold from Alaska and the Yukon, the while— —Mining in the West is as yet but in its In- fancy? WHY, THEN, did the Milwaukee spend just a tow paltry bundred millions to reach the Pacific Northwest? Not, of course, merely to rival Jim Hill, nor yet, to put “The Olympian” and “The Columbian” on wheels— at most Certainly, to back up and prove its ith in that territory tributary to Puget Sound where the Chief industry is mining, What this railroad did in its own way you can @o in yours. What it expects by way of returns, and will get, You may expect and Can g HAVE SIMILAR FAITH ° By Willlam A. Williams, E. M. MINING EXPERT When Is a Mine—A Mine? HEN it has a True Fissure lode—so it will not play out. When !t has ore of a Full or more than a full Btoping width—so that Barren rock will not have to be Handled When, with large bodies of ore, th Ability to mine and mil) an & Low cost with a relatively Small fixed expend iture When the cost of mining 4 more Than two-thirds of the Total even though the ore May be low gr for this is a Spur to economical managem Born of necessity, that Is the Mother of invention and re source; or Conditions Cheerfully tackled by the Mine Maker and avoided by the Mine Faker, who prefers the flash of high grade ore Purely for advertising and brok- erage Purposes. T. A. Rickard, dean of the mining profession, and Editor and Owner of The Mining and Scien- tifle Press, published at San Francisco, sald “A great mine must not only make a big Out put, but must make ft Regularly and have a bright Prospect for tts Continuane That “Stability is essential to greatness, for the less a mine is a mere Incident {pn Gambling and the more it Approximate: 1 of an Indus trial undertaking—the gr This is the Test of the Golden Shower, Dynamic Action for Investors ONS of Gold have been Returned to share holders. Since incorporation, 415 American mining companies have paid dividends amounting to Troy Weight— 16 of $480,000 to the ton, or a total .126,657,689—of which the United States con- tributed $987,574,666— —Which covers only Metal mining, according to tables published in The Mining World of Chicago, the Small balance being credited to Mexico, Can- ada and Central and South America, in the order named. AS A FURTHER Testimonial to convince the skeptical that mining Is the greatest and most profitable industry in America, let t Be remem- bered That— —Allowing 20 tons to a 30-foot car, thie would make a Train of Gold nearly four-fifths of a mile Long. Still, some say that mining —Is not profitable! . 8 « THEREFORE, Be It Further Remembered: That this does not {include one-half the compa- nies Now paying dividends, since many Are Close corporations, while Others will not give Out finan- cial ements for publication— ~—Nor does it include dividends pald by compa nies that Ceased such payments before the last Decade, or since 1900— Nor profits from present Placer work in Alaska and California, nor earlter operations at the head of the Sacramento River and at California Guich, near Leadville, the ‘49 Period— —To say Nothing of quartz or lode mining on the Comstock and the Mother Lodes, in Nevada and California, which also ran into Hundreds of Millions, So it may be truly said The Mining World's pencil has but merely scratched the Surface of this Source of profit, instead of giving us the Full weight and volume of returns, the which— —Even in Modern times, is beyond computation, Unless figured in tons or by ship and train loads, Instead of dollars; that— —As a Unit of measurement is too small for I telligible comprehension and on which account we are Forced to revert to larger standards — Just as astronomers use Light Years instead of miles to measure Vast distances between Stars, et ie AS A RESULT, to go back In History— King Solomon was justified in Waiting six years for returns from his Investment in the mines of Ophir, while similar Faith— —On the part of Cecil Rhodes, built an Empire in South Africa, through dividends paid by the mines on the Rand, which before the Boer war ran Over $400,000,000 in gold alone. And the history of the Western hemisphere fair. ly Bulges with chronicles of Golden Rewards show- ered on those Pioneer spirits that dared put their time and money Aguinst the concealed treasures of Mother Nature. A mining engineer can Figure the value of an ore body and Hstimate the profits therefrom as Closely ag a miller can estimate the profits on Wheat fn a mill bin, both —Practical accomplishments that permit Easter demonstration. than— Forcing bank Deposits to yield profits or rail. road Traffic to return even small dividends on large amounts of Watered stock. a eae SPECIFICALLY, then, and as well for Others as those that have an Abiding faith in the profitable- ness of mining when carried on as any Reputable business should be Carried On— ~— Some idea can be arrived at as to the proml- nent Part the mining industry has bad and now has im the achiever t and maintenance of Amer . industrial Supremacy By scanning the list of Dividend paying com- panies, publi week in The Mining World of Chicago Fifty companies have paid all the way from 6 to 114 millions since organimiion Elabty pave eneh paid from 1 to 6 # since organ ation, while aining 203 have paid sums that mec tens of thousan to « million dob { thie array of woalth, running around the BIL "1 ION-DOLLAR mark, let it Now be naked what would have Occurred to progress and ad- Yancement, as well as the Impetus to modern civ fitzation Had it never been produced and distributed, or were it even now to be Withdrawn? HOWEVER, profit determines many Things ta finance, so that what occurs Often -Will occur again. Shortly after location, the Mohawk claim at Goldfield way traded f mule These shares firet at 10 cents and later at $20, while— ~—Goldfield Consolidated, the productive pivot of which Is Mohawk, has since pald $14,586,985 on stock That cost many but W cents and on which they are now Drawing Down 60 cents a share every quarter. 80, also- Le Rot sold at 60 conts and later at $140 Tonopah brought 60 cents and went to $22.60; Dos Estrellas, 60 cents and sold as high as $15 Crown Reserve, placed at 45 cents, advanced to $6; Nipissing went at $4 and sold later at 98 Kerr Lake, floated at $1, brought $11 later; Hudson Bay, put out at 25 cents, went up to 160. eee RAPID profits Accrue, when one picks up the string at both Ends. Ten dollars invested {n Swansea In 1890 is now worth $4,500 and bas drawn $3,100 additional, while— Calumet and Hecla has done Better, by return- ing Early investors $1,600 on every $1, while the stock fs now quoted at $470 « share. The Le Rot mine sold tn 1890 for $1,380, the mare ket value of which ts now 000,000, ‘while the shares have advanced to $00, and One hundred dollars invegted in this mine a. tow TENT 138, nem, cor IN, 8360.000. Mae having rawn dividends of $50, Marshall Field phe that brought him $60, Interest brated Comstoc! erwarde produe Meh a share of a mine The Tom Boy mine, at Telluride, Colo., was bought tn 1896 for 128,000, and w Id in 1899 for $1,800,« 00. The Independence, at Cripple Cr Creek, was located by Sratton ompeot " sold @ three-quarter 4 fn haga for $10,000,000 Dutan mine, in the Rainy River district, On- advanced from $100 a8 @ prospect in 18b8 te & 31,000,000 proposition In 1 even ref © up $2,000 for the ange, In Bastern ing $1,000,000 a year. ald $55,000,000 in profits, sold $40,000,600. til th: paper could be filled lar facts. or Treadwell, interested in the United Verde, sold 100 shares at = & share to his cousin, Mrs. FH. Chase, of £ r Later he tri to ae 200 more at 50 cente, but ur¥ed her not to buy, saying y,tlitown $100 in that Clarke began buying up the re fered Mrs. Chase $6 and then $7.60. share, Which she refuned. In. 1900 some Boston a re offered her $36,000 for her invesment of 200. But for her husband's “advice,” she would have taken the additionabh 200 share: with which she Sees —She would have, been the richest Woman in Bangor. One of the Many Lamps T REMAINS, therefore —To soe whether the Mt. Baker Gold, Copper And Tin Mining Company can measure Up to the standards hereinbefore exhiblted— —Aw units, characterizing a reputable, a legitimate and @ profitable Enterprine, —The while it Is affirmed it ean. C4 8 ENGINEERS and Geologints in charge of the survey of the Mt. Baker Quadrangle, now finished for publication by the United States Geolc voy ‘ere Sprtesshed and Interviewed on the subject f ulletin, and though Compelled to refrain wing tor publ yn before transmissal of y poswersion Mt. Beker Mining , would be found to 4 richer Mineral Content than any ning district in the United State which stamps It ~with the Seal of approval of the highest and eminent Authority In the mining world Further than this, the Survey only studies and pubs shes bulletins covering developed mii reas. * © *e PROFPSSOR THOMAS MASON, Mining and Con- sulting Engineer and a member of the Washington State Mining Association, as of alate _ASHAY OF WHITE SWAN ORE Goia Bilver Total Valine Value Valuse Marked — PerTon. Peron. Per Ton. No. 1, T 6 a6 $199.40 2688 After the shots were fired. CONCERNING © are in the same ore the Notary 4 Scr-boryp ney, when he eays t of operating, dies, the on, that have ever been dis- bieh there is Any record, not even Bus rid-famous Treadwell of Alaska-— most Valuable body of ore stamp mill could not Exhaust it im Hons of tone of ore of a Uniform tert high between she ‘placed It for 8 break ov a fault apparent in ite entire @ while Consider ~ ate of ington, within one ttle, this Property— nuld Interest even the most Con- servative.” . 28 @ THE LEDGES of the Yellow Astor carry nickel and Gold, the vein filling being @ calcined dlorite and— The values, according to Mr. Mason, are 4 cont nickel I-f ounce gold, which at the present market Price for nickel— —Amounts to $40 per ton for nickel and $10 @ ton for gold, @ total of $60 to the ton. Hie report described Ledge No. 1 as through the Mountain, 3.000 feet, with an age 1th of more than 140 feet “Vein No. 2 is an ore body that crosses the Fi olaima, havin jength of 3,000 feet, and lyk the filling "bs “Bamplos taken for assaying were a uniform Seleo- taken from all parts of the ledges, onde jo mixed that they gave Representative values © mine Run, tit would, be impossible to select Either low or high grade ores, since the ore— “In too uniform.” * 6¢ @ eyaor: MENT will be wholly by Tunnel rork, rough which, according to the potnt chosen, Depth on the ore bodies will he From 1,000 to 2,000 feet scharging on it with « ) feet, Ia A watestall, fed by prings and «i s, the body of water being— ‘rom 9 t feet wide and 18 Inches deep, wit & minimum velocity of $00 tect per minute, whiecl Will Develop—- ‘Abundant horsepower for all Purposes that can In fact, mill sites and power sites, with water and timber, are in super-abundance, . 8 HE MINING Company will first develop the White wan group, owing to Accessibility, then the Yellow Antor group, and thereafter Tho Independence claim and the Copper Mountain remains for the Altoona, and th & consideration of which t be given in this Article other than mpany, haw sufficient property and ore Kako its attention profita all Time and Bternit ie ote VEIN sf an the Independence olalt “Shows ties of hiah grade aa. Prof. Mason, . concerning which he on to ¥, “Phe vein in 15 feet wide and 1,500 feet ong, with a hanging wall of slate and a foot wall of diorite; “The vein-filling I# a massive formation of cope Per sulphides and quarts, with occasional occur Fences of bornite A wiiver.”* son, geolo Mt Taker fiable to juantities 100 feet pper wul f the on of this vem Increa etly with repnens, Dept © obtained r competent mi erent « with the remark that— properties Have making of ered In Mr. of the moat ueand In- 1 machin- water- power Plant will ail buila- Concern- n, he also num cont of apacity of #6 aives the entirely by down to @ ling and entrates, ing by of the und wilt by 0a to 210, The Waldorf ee. WASHINGTON PROFIT ght and wid and will, ip ™ eink crows. li, while ast summer nt alxo being perfected to install © to work the Yellow Astor i; * property containg the largest body of high Record. It carries. pay shoots that measure 270 feet wide and nd 3,006 feet high above the Tommyhot are True Fissure lodes that go down. The * Uniformly the same, no matter where sam- st one-half, or Gold, ana— wanes te cover cost of mining, leave us one of the biggest and mont profitable mines in the Worl Gut of every 1,000 poungs of Nickel used tm the United States, the market ranges from to 60 cents a pound—#%$ pounds are produced The Krupp Gun Works, in Germany, will bu} ail the Nickel they can ket, and have Already an offer for the property ne United States navy needs all the Nickel ft can get for nor-plate and gun-meterial, so that the market for Nickel js as bard to supply as the for Gold. . 6 THE PRESENT intention of the Compan: vote 60 per of the Income to divide: —The other 60 per cent to developing and Bansion of euulpmpent, as well as opening up the Im pendence and the Copper Mountain properties, is will give every Investor a run for his money, and it in belleved— Bu ch as he Never has had. _ 8 e@ IT 18 CONTENDED that this placed the Mount Baker Gold, Copper and Tin Mining Company én « ry with the Best that can be found In the Western it measures Up to every stand- en for @ legitimate and @ repu- the profits from which—w apable mankgement, guch as we have are really beyond Computation, and wi Undoubtedly, be only measured by thousands of Per cent 7 6 «@ THOSE associated with me were not selected for money they could Bring to the Company, but OM @o- count of— —Pergonal integrity and exceptional ability. Mr. Thomp#on. president and general manager, is @ mining man of {0 years’ Actual experienoess Having mined and milied, a well as held position in @ mine or a mill on various properties, y from British Columbia to Mexico. Rely and depend, while— When it pam to technical points beyond our own knowledge and practice, we know where to lay our hands on men whe do know. * 8 6 THE COMPANY ts incorporated under the Strict laws of Washington, capital $2,000,000, par value of shares $1, A million shares was paid for the property, whieh was Cheap at this flrure The tre y ,Feenerve, ie 600.000 shares. white ® Umited amount of treasury stock is now be at $1 a share. The balance of this allotment will be held for @ higher price, such as development will warrant, and 1 leave Intact— T sury reserve of 600,000 shares. . THIS 18 the opportunity of a Lifetime. Later, It will not be offered except at « stiff ed- for the stock Phough not Urged, you should BUY Now. Sincerely yours EF PRENTICR President OCCIDENTAL INVESTMENT & DE COMPANY, (Incorporated) cLOPMENT Fiscal Agent for ‘THE MT. BAKER GOLD, COPPER AND TIN MIN- In@ COMPANY. (UW. & aD 210, The Waldorf Seattle, Wash. to the Mine Maker as a legitimate activity that Permits practical demonstra The Mine Maker invariably lays his plane with a View to making the business profitable through taking his money out of the Ground, He Is a man of Method, who generally owes his success to Close attention to detail, and by Employing those who Do know and disregarding the Opinion of those who do Not know. He begins by examining and Testing the property with the Aid of a competent engineer, and if it does not warrant— —Time, attention and expenditure, this settles the matter; he goes no Further, because— He is from “Missouri.” . YOU may also fee! that you come from the Seattle, where— me State. If you are inclined to Invest, your ex- penses to the property and return will be paid; you may take mples of the ore and bring them to Facilities will be Provided for you to Test the Ore to your full satisfaction, by running it through a mill— Belonging to a Company that has Utterly no connection with this Company. « You are Invited to make a Full investigation. Let us hear from You, iii? St SON st owe ° Cressreseceots src ~