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\ Montana Mineral Land Development Company. 'CT1 T, Helena, Montana, Dec. 12th, 1894. ipeetops : Gentlemen :�In as much as we are strongly contemplating the erection of a concentrating mill on the Eva-May group of mines in Cataract District, Jefferson Co., Mon. We felt it our duty to place before you reports lately obtained on our properties in the last few weeks, from gentlemen who felt it was their duty to carefully investigate before investing or advising anybody else to invest in the stock of our companv. The report of Dr. G. C. Swallow, "Mining Engineer," was made at the request of his nephew in Milwaukee. The letter of N. R. Webster, was written in the interest of our Director and stockholders at Port Clinton, 0. The letter of Mr. Frank Buestrin, was written in the interest of his brother and himself, who are large stockholders in Milwaukee, Wis. Needing assistance in raising the necessary funds to erect the above mill we herewith submit the following reports that you may be at all times prepared to convince any and all persons wishing to investigate. Knowing that we own one of the largest and best group of gold, silver and copper mines in Montana, does not prove to the public that which we know, is proof to them. But when the property has been carefully investigated by so many uiiiercnt persons ana an report more tnau TrtvoraDie.-sraiprr varrircs om ou-rtpemeu claims. The public should never forget that a company that has paid six dividends in the past two years, five of 10 cts. per share, and one of 20 cts. per share, as we have done on our stock that cost only $2.00 per share, during these times, deserves the careful consideration of the "critics," to say nothing of those who are seeking a good sound investment, any of our stockholders who came in prior to Jan. 15th, 1894, can testify to the above to be true. And as soon as our mills are built our dividends should not be less than 10 cts. to 20 cts. quarterly on each share of stock issued, which will be 40 per cent, interest on the cost of stock per annum. And no doubt we shall enlarge our capacity by 1898 to at least five times. Our dividends then should be from 50 cts. to $1.00 per share quarterly. Now selling such stock as we are with properties all paid for, over $60,000 of development work done to date, thousands of tons of good ore in sight, and positively no debts on our hands. Stock that paid 17% per cent, on its cost the last two years, should not go begging, unless investors would rather buy "Wild-cat" mining stock because it is "cheap." Remember always that our mines produce gold, silver, copper and lead, which is much more valuable than mines that only produce silver and lead, and furthermore we know that eventually our mines will become very-rich in copper as greater depth is attained. The money we are now raising is to be applied to the following purposes: First to put in a compressed air drilling plant of four drill capacity, which will cost $2,500. Second to run our No. 3 level at least 1,000 feet further west, which will cost $10,000. Thirdly to build a 50 ton mill, which will cost $20,000complete. Total $32,500. Having now eight feet of good milling ore in the breast (or west end) of No. 3 west level, proves conclusively to any fair minded mining engineer, that there is the place to do further developments, as by driving it one thousand feet more should give us about 133,333 tons of ore, even if the ore does not go over two hundred feet above No. 3 level. And furthermore as we have good reason to know that the Red-Bird, must contain a large amount of rich gold ore, (as the ore in the Red-Bird shaft assays $38.00 in gold at the depth of only sixty feet.) We should waste no time in driving No. 3 level into it, where we will tap it at a depth of 700 feet. Hence as it is a well known fact by all who are well acquainted with Montana mines, " the greater the depth attained, the richer the ore becomes." Therefore let us lose no time in obtaining these results. Respectfully submitted, DANIEL SIMPSON, President and Manager. BURDICK, ARMITAGE A ALLEN. PRINTER�, MILWAUKCE.
|Title||Montana Mineral Land Development Company.|
|Subject||Eva-May Mines (Jefferson County, Mont.) Mines and mineral resources Montana Jefferson County Capital investments. Ore deposits Montana Jefferson County.|
|Description||Pamphlet on company.|
|Publisher||[S.l. : s.n.], 1894 (Milwaukee, [Wis.] : Burdick, Armitage & Allen, Printers)|
|Rights||Copyright to this collection is held by the Maureen and Mike Mansfield Library, The University of Montana-Missoula. This image may also be protected by copyright. Permission may be required for use. For further information please contact Archives and Special Collections.|
|Contributors||Archives & Special Collections, Maureen and Mike Mansfield Library, The University of Montana|
|Call number||332.63 M7646|
|Size||6 p. : ill., map ; 31 cm|
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