The Seattle Star Newspaper, July 5, 1911, Page 6

WAY, JULY Tones 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” O WORD tn the whole lexicon of our N American-English is so little understood ta its larger meaning the word “Mining.” No Industry with such far-reaching effect on the lives 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 power and Luxury— —Through making possibte tn advance, by bis Wi} and Skill, that they shall have a Revenue or an Income they never previously Contemplated— Is the mission, privilege and power of the Mod- ern Mining Man who lives up to his Opportunities, to scatter Dollars—everywhere. Great, indeed, is he who can Chan, of a Multitude of People. . 8 e ANOTHER word, well understood. the use of which ts 80 automatic but few can readily define it off band is—"Money.’ Tt 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, cocos, olive oll. tobacco, tea and dates, as well as corn and cattle, were thus Employed by ancient peoples. With the Progress of civilization, the place of the Miscellaneous commodities has been generally taken by the Precious Metals. : ‘The large part played by money in Effecting the exchange and measuring the value of Goods has led to an Exaggeration of its importance as a Ble 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 Force, which was fol- lowed by an Aim tending to secure a favorable Balance of Trade, and even Now— —Though successfully Controverted, the latter idea may Still be traced in the ordinary language of the Money Markets in the use of such terms as “Protection” and “Bullion to Settle Balances. a ee BUT MONEY cannot be kept nor hoarded. All through India, ‘gold bas been hoarded for Centuries. London bankers assert that No gold bullion ever comes back from India. the Estate India bas a low Wage acale. Its t, standard of Life is pitiful. Its people Lack na tional spirit, and Are a supine race—ruled by Allens, the Moral of which is— —Never hide money. KEEP IT BUSY. Benjamin Franklin said: MONEY MAKES MONEY THE MONEY THAT MONEY 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. er Se ISABELLA pawned her jewels for money to build ships that Columbus might find a Shorter passage to India—where there was much gold. Note that no progress has ever been made Ex- eept where gold was plentifully used as a Medium of Exchange— —Without which, we would still be living in @ Dark Age, dwelling in Caves and wrapped im Skins— —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 civilize tion Upheaved and changed, raflroads 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? * 8 «6 WHY, THEN, did the Milwaukee spend just a few paltry hundred millions to reach the Pacifio Northwest? Not, of course, merely to rival Jim Hill, nor yet, to put “The Olympian” and “The Columbian” on wheels— But, most Certainly, to back up and prove its own Faith in that territory tributary to Puget Bound where the Chief industry is mining. What this railroad did in its own way you can @o in yours. What it expects by of returos, fad will get, You may expect and Can get, if you HAVE SIMILAR FAITH . y Willlam A. Williams, E. M. MINING EXPERT When Is a Mine—A Mine? HEN it bas a True Fissure lode—so it will not play out. mn it has ore of a Full or more than a full Btoping width-—so that Barren rock wil] not have to be Har When, with large bodies of ore, there ix an Ability to mine and mill an Enormous tonnage at ® Low cost with @ relatively Small fixed vend iture the cost of mining does not amount to twethirds of the Total expenditure, » ore May be low grade; for this pnomi¢al management, Born of tion and re to pur necesstty, that is the Mother of in sour or Conditions— eerfully tackled by the Mine Maker and avoided by the Mine Faker, who prefers flash of high grade ore Purely for advertising and brok- erage Purposes T. A. Rickard, dean of the mining protesss and Editor and Owner of The Mining and Scien- tific Press, published at San Francisco, sald— “A great mine must not only make a big Out put, but must make it Regularly and have a bright prospect for its Continuance That “Stability is essentia less a mine is a mere lent in Gambling and the more it Approxim the {dealof an Indus trial undertaking—the greater it is.” 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 2.345% tons, Troy Weight —At the rate of $490,000 to the ton, or a total of $1,125,657,639—of which the United States con- tributed $987,574,666— --Which covers only Metal mining, according to tables published tn 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 it Be remem- bered That— Allowing 20 tons to @ 30-foot car, this would make a Train of Gold nearly four-fifths of a mile Long. Still, some say that mining— te not profitable! ec oe 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 statements for pudlication— Nor does it include dividends paid by comps nies that Ceased such payments before the last Decade, or since 1900— Nor profits from present Placer work in Al and California, nor earlier operations at the of the Sacramento River and at California Gulch, near Leadville, the ‘49 Period— —To say Nothing of quarts 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 tn Modern times, is beyond computation, Unless figured in tons or by ship and train loads, Instead of dollars; that— As & Unit of measurement is too small for In- 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, * *# @ AS A RESULT, to go back tn History— King Solomon was justified in Waiting six years for returns from his Inyestment 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 dered put their time and money Against the concealed treasures of Mother Nature. A mining engineer can Figure the value of an ore body and Estimate the profits therefrom as Closely as a miller can estimate the profits on Wheat in a mill bin, both— —Practical accomplishments that permit Easter demonstration than— —Forcing bank Deposits to yield profits or rall- road Traffic to return even small dividends on large amounts of Watered stock. as 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 prom!- nt Part the mining industry has bad and now has to greatnoss, for the in the achievement and maintenance of A industrial By scanning the let of Dividend paying com- panies, published wach week tn The Mining World of Chicago Fifty companies have pa’ 114 millions since organts all the way from 5 to Eighty-one have each paid from 1 to 6 millions since organization, while The remaining 293 have paid sums that mount upwards from tens of thousa ion dol Jars each In view of thia array of wealth, running around the BILLION-DOLLAR mark, let It Now be asked what » have Occurred to progr nd ad var as well as the Impetus to mo clv- Mizatior Had it never been produced and distributed, or Were It even now to be With awn? Os hsm HOWEVER, profit determine finance, so that what occurs Often Will occur ag Sh after location, the Mohawk clatm at Goldfield was traded for a mule These shares firet sold 10 cents and later at ny Things ie $20, wh Goldfield solidated, the” productive pivot ef which Mohawk, has since paid $14,586,985 on stock That cost many but 10 cents and on which they are now Drawing Down 60 te a share every quarter. So, also- Le Rot sold at 60 cents Tonopah brought 68 gents and went to 4 later at $140; 2.60; Dos F and sold as high as $168; Crown ed at 45 conte, advanced to $6 Nipissing went at $4 and sold later at $85; Kerr Lake, floated at $1, brought $11 later; Hudson Bay, put out at 25 cents, went up to #160 RAPID profits Accrue; when one picks up the String at both Ende. Ten dollars invested tn Swansea in 1890 fe now Worth $4,500 and has drawn $3,100 additional, while— Calumet and Hecla bas done Better, by return- ing Early investors $1,600 on every $1, while the Stock is now quoted at $470 a share. The Le Rot mine sold tn 1890 for $1,280, the mar- ket value of which te now $10,000,000, while the Shares have advanced to $60, and One hundred dollars Invested in this mine a few jeare ago im now worth $260,000, ae dividends of $60,000. shall Field pai@ $626 for his share of a mine that brought him $60,000 when it was soll ter Interest jn the celebrated Comstock, at $6,000. The mine afterwards produc $00,000,000 and the stock sold as high as $ share. ‘The Tom Boy mine, at Telluride, Colo. was bought tm 1696 for $128,000, and was sold in 1899 for $1,800,- 0. The Inde ple Creek. located v2 prospect fn 289% and he sold @ hree in 1696 for $10,000,000. The Du e Rainy River district, 0; tario, advanc & prospect In i8bs te & 31,000,000 proposition in 1896. Somebody even refused to give up $2,000 for the Copper Queen in the early days. There were no takers for the Bonanza, in Eastern @regon, now producing $1,000,000 a year. Anaconda, that has paid $55,000,000 in profits, sold to the Rothwchilas at 840,000,000. So tho story runs, till this paper could be filled from stem to stern with similar facts, Professor Treadwell, interested in the United Yerde, sold 100 shares at $1 « share to his cousin, Mrs. FH. Chase, of Bangor, Moe. Later he tried to sell her 200 more at 50 cents, but her husband, sick, urged her not to buy, saying ou have alr x thrown $100 tn that hole. Clarke began buying up the stock in 1889, and of- 1 Mre, Chai ofusod. In 1900 some Boaton brokerm offered her $26,000 for her inveament of $100. t for her hweband’s “adv she would hi the additional 200 shares, with which she $6 and then $7.60 @ share, which she She would have been the richest Woman in nwOF. One of the Many Lamps T REMAINGB, therefore J ~—To see whether the Mt. Baker id, Copper and Tin Mining Company can measure Up to the standards hereinbefore exhibited -As units, characterizing a reputable, a legitimat and 4 profitable Enterprise. The while it Is affirmed tt oan. rape peg NGINERRS and Geologtets in charge of the surv f tho Mt. Haker Quadrangle, now finished and randy 2 jor publication by the United States Geolpgical Sur- vey— Were proached and interviewed on the of this Hetin, nd though Compelied to from ex ing for publeation before tran their de ments to the Dire f the Sur —Privately exprensed themselves am in. pi of Indubitable evidence that the Mt. Bak: istrict, on further developmen earry— A Kreator and richer Mineral Content than any ether known mining district in the United Statea, which stamps 1t— —with Seal of approval of the highest most eminent Authority tn the mining world Further than this, tho Survey only studios and pub- would be found ti Mahes bulleting— Covering developed mining ar . * PROFESSOR THOMAS MASON, Mining and Cons ting Wngineer and & member of the Washingtom Btite Mining Association, as of date: September 24, 1910, before F. J. Carver, a notary bilo at Beattie W, ton, submitted his report io writing and Affir he truth thereof. ering him_ex whe tion as an Expert and an Gwen and the Yellow Astor nging to * Gold, Copper and Tin Mining Com- the full report can be had Of the White Swan group Mr. Mason says it con- loonted three southweat of ad, and 8,000 ok Riv That the vein fe a White quarts ledge, varying from § to 1b feet, and t le for @ dis- tance of 9,000 feet, directly through the Center of claims Nos. 1 and & t it “Carries gold, allver « 4 thallium, Both hanging and foot walls are slate. Lying between the slate of the foot wall and the quartz is @ three- inch streak of. Black tale forming and car- rying enorm 1 put about three fons of at the rapidly free gold, silver and tel- ASSAY OF WHITE SWAN ORD. Gora Silver ‘Total Value Value Values Per Per Ton. ERNIN tn the same Mr. MM re the Notary moat Ung Bafety ever been die not even Ex- kan body of ere id not Exhaust it ia mill ec stamp Hone of tons of ore of a Uniform between sharp ends and sign of urbance— of the Force that placed it ut @ break Xt of murnay of Beattie. th me that should inte parent in ite entire on, within one t even the most Con- THE LEDGES of the Yellow Astor carry nickel and gold, the vein filling being w calcined diorite and— The values, according to Mr. Mason, are 4 per cent nickel and 1-8 ounce gold, which at the present market Price for nicke)— Amounts to 440 per ton for nickel and $10 a tom for gold, a total of {£0 to the ton. ifs report described Ledge No. thtough the Mountain, 8,600 feet, Width of more than 140 feet fein No. 9 te an ore body that crosses the Five total length of 3,000 feet, and lying defined walls, the filling b “Samples taken tor ying were a uniform Beleo- ton, taken from all parts of the ledges, and— “So mixed that they gave Representative values ef the mine Run. “It would be i. high grade or: “In too unifoi to P lect Hither low er inoe the ore DEVELOPMENT will be wholly by Tunnel through which, according to the point chosen, Depth en the ore bodies will be From 1,000 to 8,000 feet, so that Neither— —Holsting nor ‘pumping machinery will— acoording to Mr, Mason, who, pect to Power, also says “Above this bench, and discharging on it with « sheer drop of about 1,600 feet, is m waterfall, fed by @prings and glaciers," the body of water béing— —"From 9 to 11 feet wide and 18 inches deep, with & minimum velocity of 800 feet per minute, which Will Develop: aria, Abundant horsepower for all Purposes that can rine.” In fact, mill sites and power sites, with water and timber, are in super-abundance. . 8 MINING Company will first develop the White kroup, owing to Accennibility, then the Yellow Astor group, and thereafter The Independence eiaim and the Copper Mountain Broup, while there emains for consideration, The Tron Hat, the Wiftoona, and the eno Frours of cla & Consideration of which three latter will not be given in this Article other t o way that —The Company has sufficient property and or Dodies to enguxe Its attention profitably.” = For all Time and Bternity. See er | HH VEIN No. 8 known a the “Shows enormous quantities of } Prof. Mason, and, con ning wh my “The vein is 16 feet wite and 1,600 feet long, with a hanging wall of slate and @ foot wall of jependence olatm, grade ore,” says h he goes’ on to filling Is a massive and quartz, with of bornite ation of sop- sional cour through taking his money out of the Ground, If It does not warrant— —He Is from “Missouri.” . YOU may aleo fee! that you come from the Beattie, where— through a mill— Belonging to a Company that h Let us hear from You. me State. penses to the property and return will be paid; you may take samples of the ore and bring them to j i) “Carrying high values in gold, copper and altver” Concern ore hoay, WB. Began. gon) or, In & report t te Paker gist and mine on ioid, Copper and thong Interested i n Mining Company, avatl@ie to shows tremendous quantities on #f, h of ledge, 36 Lent, oot, 10 frat langing wall, slate; foot wall, Aor oin-filling @ f 14 body of copper #ul phiden and quarts, earying hich vAluen ; Viret assay showed total value in old, copper and silver ‘ econd anway, $1 Third anway, $99 Vourth assay, 82 7 6 Ti COPPER MOUNTAIN group, says Mr in bin report, “Includes a Covering and prat *. distinot veine, crossing a. blind n Copper Mou and plainly exponed 1 in the oanyon walls the firet 8 b0-foot »valng tre ) foot ein f mineralized weil dintributed pecond t bie tor 6 foot. and aeaay ‘ or ihe third 4 t oman 8h-f how gold to on this vein a ¥ ad, and th be quantities, trace at urth, a 12-f cin 1h @ siMetoys granite es good valuen tn t nineral, molybdenu e the fifth ve Has an §-foc sl ‘« cadmium.” THE NATURE and Hint Gintrict,” says Mr. Bacon Indicate that the values Increase greatly with depth, and, owing to steepness, Depth can be obta the ore bodies of thin cheaply ahd readily under competent management and development,” Closing with the remark that your properties Have the making of ¢ -e24e THE COBT of Mining an 4 im covered in Mr Manon's report, as follows Ail that ie fequired to make this ene of the mont Valuable mines in existence is « few thousand In vented in machinery Twelve thousand doliars will pay for all machin ery that In necensary hk the mine, water-power plant, compresso lie. ore cromherm, gto. I inary labor*and insta ation ‘of lant will cont $15,000 to $26.06 ‘ nojuding all butld ings necessary for mine machinery.” This applies to the W E group. | Com ing further details as t Bxtraction, he aiso says The ore can be handled at » Maximum cost of $1.40 @ ton, and with a Pia ing @ capacity of 60 tons « day, built ‘To he a gusranteed, taking the valuation e bait that given by the abit My estimated cost oF ton to § "Would give a net I ncome of $6,498, @ Month ly Income of $194,940 1 @ Yedrly income of $2,989,880." neerning the cont ct the values tn the gre in the Yellow Astor ¢ Mr. Mason gives the he worked entirely b f Operation down to # mining, milling elting of Concentrates, by, wagon to Glacier { the Bellingham Bay & and thence by rail ¢ way of Chilliwack and when the Cor it will Cost but $2.26 the comt will Only be 96.4 pany pute in its Own nm to extract values 210, The Waldorf SEATTLE, WASHINGTON TO INVESTORS SEE } PROFIT: An ton 1 w being bought and will be installed on the Wh property, and will, in all probability, be ir te thie summer. ledge on thie 5 now being eross-cut June B, 1 by men that left Beatt 11, while an other crew bas be K since last summer on keneral surface equip Arrangements ar . perfected to an clectric-blast fur work the Yellow Astor « property cont the lergest Body of high ore On Record. It * » pay shoots th Sure 870 feet wide and stand £,000 fect above the Tommyhol re True Fi Uniformly Prof. Ma to $17 tn Nicol Allow ¢ ew that go Gown. The «. no matter where sam- = down adout one-half, or n Gold, and— to cover cost of mining * one of the biggest and © World. Nickel used in the hich ranges from 4 Produced ab ny, will bu i have Already made us all the Nickel It ca nd gun-material, @o that the 4s hard to supply as the market market for } for Gold. * 8 «@ in of the Com) ia to de- per neome to ‘aividends, and other 50 per ce to developing and Ex- of equipment, as well as opening up the In- 0 ote the Ce ppe Mountain propertics aw ¢ every Investor a run for hjs money, itis beifevea™ moe juch as he ver has had. . : . T I8 CONTENDED that this placed the Mount aker Gold, Copper and Tin Mining Company on « r with the Best thadoan be found in the Western Hemisphere, and— —-A® an enterprise, It measures Up to every stand- ard that can be chosen for a legitimate end @ repu- table line of business, the profite from which— Under capable management, such @@ we have, are really beyond Computa and will Undoubtedly, be only measured by thousands of Per cent. * 8 THOSE associated with me were not selected for money they could Bring to the Company, But on ac- eount of— ~-Pergonal integrity and exceptional ability. Mr. Thompeon, president and general manager, ts @ mining man gf 16 years’ Actual jence— Ga = and milled, as as held ever: position Ip @ mine or a mill on vark ropert! Bre way from British Columbia’ te Sidabesoe ee Together with associated directors, we have only those on whom we can Rely and depend, while— When it comes to technical points knowledge and practice. we know wh be on men who do know wena THE COMPANY is incorporated under the Strict la of Weahington, capital $2,000,000, par value of * A million ghares was paid for the property, which was Chi thin figure. ere The treasury Reserve is 600,000 Umited amount of treashry stock is n Ha m \4 our own lay our while w being sold at o¢ of this allotment will be held for a #uch as development will warrant, and atill leave Intact The treasury reserve of 500,000 shares, eo. . THIS IS the opportunity of a Lifetime Later, it will not be offered except at a stiff ad- vance for the atoc Though not Urged, you should BUY Now. Bincerely yours BF. PRENTICR President ESTMENT & DEVELOPM COMPANY, (Incorporated) OCCIDENTAL INV NT Fiscal Agent for "HE MT. BAKER GOLD, COPPER AND TIN MIN- ING COMPANY, (Uv. & aD £10, The Waldorf Seattle, Wash. OE RN EL TY Ta ET ES CT Mining appeals to the Mine Maker as a legitimate activity that Permits practical tion, The Mine Maker Invariably lays his plans with a View to making the business profitable lemonstra- He Is # 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 —Time, attention and expenditure, thie settles the matter; he goes no Further, because— If you are Inclined to Invest, your ex- Facilities will be Provided for you to Test the Ore to your full satisfaction, by running it Utterly no connection with this Company. You are Invited to make a Full Investigation. c ° ® f D ma of wea