The Oregon daily journal., May 13, 1908, Page 13, Image 13

THIS GOLD MINE IS AT FLORENCE, IDAHO, AND NOT IN NEVADA
mm
HEPO
Owned by Portland Professional and Business Men, Headed by Judge John B. Cleland
We are confident we shall pay 200 per cent per annum on all money invested in these sharesThere is no other gold mining so safe
: ; k a that of tjie placers, for the reason that placer ground may be sampled before it is bought
cm
xpert engineer of mining, ana h actuary
a i
m iii mwtJt minitM thA miunt nr rrtm MwlM mattl we ihiulA ..i I m re
It was thla report that caused us to advance th money necessary to procure th IT claims, covering 140 acres, ana to our the
. This waa our mode of procedure. - W employed Mr. H. B. Perks, 'an xp
tested the - Florence Placer Meadow, and ACTUALLY "washed the fold from th
tired, by weight In, grain and ounces, the amount of trie preeioue metal
nil iriviL ind CAREFULLY meaS'
we should secure from these 10 miles of channel ground.
e sand
Irani.
We Present Some Figures in This Advertisement That Will Doubtless Attract General At
tention and Their Share of Discussion, Because 200 Per Cent Per Annum Seems a Fabulous
, . - Mntefistto Promise, or Suggestion Any .Investment. n
At "first thought It would aeem almost Incredible and IS incredible to the mind alee It would riot ba necessary to
advertise these share mora than once in the public newspapere. But to those familiar with all the facta it Is not so much aa
the least surprise that we-CRQK AND EMPHASIZE THE ALLURING SURMISE THAT WB SHALL , PAY, EVEN MORB
THAN 200 PKR CENT ON EVERY DOLLAR ACTUALLY PLACED IN THK SHARES OF THIS COMPANY! It la not a
surprise because it has been demonstrated to be a mathematically pleaainf prospect we "would have to be In the class of only
th SMALLEST of Idaho's fold, silver or lead mines to accomplish this whereas, we will rather soar up among the larger
fines among those of broad renown; Idaho law requires mine owner' to report to the county assessoi of the county In which
the i property Is located, tha net profits of their mines each year. , '
. . . This Report Was Published in The Oregon Daily Journal of May 5
' It show that the mine profits of the Coeur d'AUnes for 1907 were IS.110.H0. The Bunker Rill and Sullivan was the
largest producer, clearing $2,J4.21I. ,Tne Federal Mining Smelter company, operating- the Last Chance mine at Wardner,
the Morning mine at Mullen, the Tiger-Poorman at Burke and the Standard Mammoth at Mace, showed a rain of $1,S,707 in
spite of the fact that the last three mines were closed the latter part of the year and the othera ran with reduced forces. The
only mine not a silver-lead producer, the Snowstorm, netted $454. 2S8. and oopper durtng the year was lower than usual. The
Hercules mine at Burke cleared 1768,160 and the Heel mine I4J7.188. The total production of the minee was I14.623.S1I and
the total expendlturea for labor, transportation insUllatlon a.nd malatenance-l machinery, wa l,e0,484. ,
The figure are taken from those of the assessor of Shoshone county and show an increase over last year.
The Snowstorm Increased 4100,000 over 104. The tonnage extracted during 1007 was 86.415 of a gross value of tl.SM,
157.81 The coat of extraction waa 8J16.S9I.08; cost of transportation, $501,111.20; cost of reduction and sale, $68.67:.08; value
of Improvements at mine, $16M2.40; total working axpansea. $41,S9.. This (Ives a net profit for the year of $454,138,16.
In All This List Not One Produces, Net, So Little as $138,000
vt ! 4 tK' mi tmmint of void we Shall nave to mine that we m rrn v nnr ativVknlflitri nft nmr Mnit fi an.
num Interest on the money they invest in our placer mining enterprise. It is Inconceivable that we should mine eo Uttfe, W
really are confident that w will double mat production, ana tnat instead or paying 200 per cent per annum on thnv investment.
the sum will ba as mucn again
But Let Us Leave It at 200, Per Cent Per Annum and Diagnose the Result.
wa believe, we.
It would pay baok I2,50
$250 Invested In' 1,0D0 Florence Placer shares at 25 cents the share, at 200 per cent per annum, which
.fc.ii . muM return to the investor seue per year, or twice tne amount invested In the stock, it would ii
In five years, or enough to build a comfortable home; $6,000 In 10 years, $10,000 in 20 years, and $13,600 In the 25 years w ex
pect It will require to worn tne lorenco jrtacara p
$500 Invested now, at 25o th share, at the same rate of Interest, would reward th investor with aa Income of $1,000
pr year for th next Hrtr of eenturyr- T
75tf invested now would mean an Income of $1,600 per year during the lift of this enterprise.
$1,000 Invested While these shares are selling at present prices, should enrich the Investor to the extent of $2,000 per
annum $30 000 in 10 years. $40,0v0 In 20 years, and the handsome fortune of $50,000 before the last of the Florence Placer
ground haa been washed out $2,000 placed in these shares now. at the interest we feel poeltive we shall be able to pay. would
profit the buyer $100,000 if he should elect to hold them the entire period it will require to mine out this ground. -.
':, Loaned to the Bank at 4 Per Cent
Two hundred and fifty dollars would return $10 per year, and $260 in 25 year. This is $12,000 less than our Stock,
at 200 per cent perannum, would pay In 25 years on an Investment of $260. ,
$500 out at 4 per cent per annum would return $20 per year. At 200 per cent per annum the return would b $1,009
per year$980 more than th bank would pay. At, 4 per cent the bank would pay $500 for tha us of $500 lor 25 yearsv- At;
500 per cent per annum the) mine would pay, in 26 years, $26,000. or $24,500 more than would be received from th bank.
Larger sums would pay In proportion, and we merely make these comparisons "lhat It may be known that th Florene
acera will reward their atockhower more nooiy uu cuum u awevu u iu most prosperous business, aside from mitt-
Placers wlU reward their atocKnoioere n
ing, in the whol range of human effort.
How Salaries Might Be Multiplied.
i
these shares
to $1,626, or
pay a
almost
dividend equal to 200 per
three times the amount of
for 1,000 shares of Florence Placer stock, and receive from that investment an annual "".ftV totol? U-.rnext 12
e would receive for the year NOT $230 only, but $!,$ for hla 12 months' work. And If sick and unable to toll tne next u
If an unskilled laborer, paid but $2 per day, were to invest 125 days' wage in the shares of the Florence Placer Mining company, and
cent per annum, which w expect they will pay, that laborers' salary would be increased from $626 for $13 days' work, which constitute a year.
nis lormer wane. -. .
If the 82 oer dar man were to soend the crcceeds of 83 1-1 days' work
SI for tha 111 sark ilari at the vaar wnuM ha aua-ment4 a -full 11.000. and ha
montns, ne wouia receive fi.oou irom nis snares, or si more tnan uia nire naa amauniva j ui ai yer n waa empioyea. . . . n hl. wr)Uld increase
Paid $4 per day, a person would work 1H days for 1.000 shares. Th moment we turn the water on the mine this 1,000 shares will also go to work, nd, wlttiout a ny 'ro't on hU prt, would "or"
th 34-ner-dsv mans Income from 31.262 ter annum to 21.760 But If thla 34-oer-day Individual should Invest 126 days' Income in this stock, then while he would continue to labor 'for tne .Pf'W wm ot iwm
per annum, his 2,000 shares of Florence Placers stock would buckle in and Increase his revenue to $2,262. or $2,000 more than he would be paid I If he worked every ay tot a eoiio JT.", "7ha .mall lnvest
thls stockholder would have received $26,090. every cent from th proceeds of 126 days' work at $4 per day. It would be tantamount to a wage of $200 per day for that 126 days. All tnis on tne mau invest
On thousand dollars 'invested would bring th owner an lneom of $2,000 per year, or $60,000 during the life of the mine. If Its equipment Is not added to and we emiume 4 5wI700B00W',,Jr
enough money to splendidly support any ordinarily frug-ol family so long a it would need sustenance on earth.
a harvest of $4,000 per
Wealth Comes Slow When Working for Wa ges
- ' Subtracting 62 Sundays from the $$6 days of the year, the laborer may toll 311 days each year. Let us
see, then, what hlspy would amount to If he worked every day but Sunday never took holiday never siokr
no vacations at- from $1 per day to 110. per day and from 1 to 10 year. j
AT ti PER DAYl year,7 $313: years, $62; $ rears, $$; ' years. $1,251: 8 years, 1.65; years, $1,878; 7
jwi,, win, ,(,ouf t m intra, fi,ii, v irvara,.. i,iv.
; i years, ii.zoz; i years. 1,8.1 ; year
25.008: vears. 35.484: 10 veare. 26.260.
AT $3 PER DAT 1 year, $$8: $ years, 11,878: 3 years. $2,817; 4 years, $8,758;
AT 3 PER DAY 1 year, $2; 2 years. $1,252; $ years, $1,873; 4 years, $2,604; 6 years, $3,180: years, $$,766;
years, it.ssz; s years, eo.uus; s years, .; years, iB.zeu.
e years, i,oo; a years, o,oa;
I years, $6,260; 6 years, $7,612;
$7,825; years. $9,320;
years. 36,578; 8 years, $7,612; 8 years, $8,461: 10 years, $8,890
AT f ija r i year, i,3n; z years. 3.u; i years,
V 1,7641 8 years, $io,oie; 8 years. 1X1.J68:
1 year. $1,665; 2 years, $3,180; I year!
nz.ezu; years,. i4,o6;
veara.
T $5 PKR DA
years,
13.766: 4 years. 85.008:
10 years, siz.ezu.
year. $1,565: 1 years. $3,180: 1 years'. 14.695: 4 years. 86.260: 6
veara. iiu.ano: a vea.ra. aiz.ozu: a veara. iii.uis: in veara. xia.haii.
AT $ PER DAT 1 year, $1,878; 2 years, $3,756; $ years, $5,634; 4 yeara. $7,611; S years,
years, te,t; yeara. tie.uje; s yeara, ii,auz; iu years, iib.yv. , ,
AT 17 PER DAY 1 year. $2,181; 2 years. $4,182; $ yeara,; $6,67$i 4 years. $$,7i; 6 years. $10,858; 6
years. a yemre, i(,oza; s years, i is, i; zo yeara, fZl.soo.
years, siz.ezo;
v v . ran VAX- t year, ez.Bwi; veara, a,iiu; e years,- iT.ftiz; yeara iio.oie; a
- ; 'ir $9 PKR DAT I year, 32,817; 1 years. $5,434; 1 years, 18,461; 4 veaxs, $J1,168: 5 years.
i v - ' -T rears i.i; years, szz.ms; s years, zt,za; io years. 528,170.
' r AT 810 PKR DAT 1 year. 83.130: 2 Veara. 84.260: I rears. 2.20: H rears. 812.620: 5
(, . $18,(80; T years,. $11,810;, 8 years, $25,040;
years $27,170; 10 years, $81,300.
$9,390; 6 years, $11,268; 7
years. $13,146; 7
6 years, $16,034;
$14,085; ( years, $16,902;
years, $15,650; 6 years.
The Foregoing Statements Clearly Demonstrate the Possibility of Augmenting
One's income Absolutely Without a Shadow of Risk.
7 . -tvX
A tit "aaSk aaafjte 1 IV
.... l l:k$
VI . . . ..: ;.. ....... -.v. i
tr
A person Investing only $25 in- these shares would,' at .this Interest, have an lneom of $50 per year, or more
than-$4 per month. Fifty dollars invested would afford an Income of $100 per year, or more than $8 per month,
and $76 would bring In $160 per year, or aa much money as the rent of a house that cost $1,600 to erect One hun
dred dollars put In these shares at present prices Would yield harvest of $200 per year, on Interest at 200 per
" cent, or an amount in excess of $16.50 per month sufficient to pay the grocery bill for a family of two. If frugal,
as meat worklngmen must be. In 26 yeara this-$100 would add $5,000 to the family purse. If at the bank at 4 per
cent, a full 25 years, the sum realised would be only $200. - And these placer claims, sampled as we had them, are
safe and sure aa any bank on earth. THERE IS NOT THE SLIGHTEST DOUBT OF THIS.
This Is a Map of the Celebrated Florence Placers, From Which District More Than" $100,000,000
Has Been Taken. . v
The black lines Indicate the srulches from which the ffold was taken
opposite side are believed to be fully aa rich as those mined out, but these never hare been worked, for
abundance of water to wash these, also, as well as the meadows we have so thoroughly tested and KNOW to
world's greatest treasura
the meadows are at their mouth, and tha shaded gulches on
jaca or . water, w e snau nav
b immensely rich In th
Form of Placer Deposits
Placer are deposits of material which has , been eroded from rock formations, and the heavier portions of which have
become concentrated by the action of water In such a manner aa to form deposits rich In gold. The placer deposits which are
moat accessible are those occurring in beds of modern or ancient rivers. These have been worked from the dawn of history.
: and the greater part of th gold that has been obtained in all agea has come from these modern placer deposits. The material
of the deposit may consist of sand, gravel, loam or clay. Shallow deposits may occur In the beds of rivers at the base of
mountains, or' as bars along- the banks or shores of rivers, or on the seashore where the waves have gradually concentrated the
gold in th sea sand Into a richer deposit than the average sand.. Any of these deposits may' become -deep placer by being sub
sequently buried under lava or debris.- These deposits contain, metallic gold in fragments ranalnj from the finest dust to
nuggets which weigh more than 100 pounds.. The gold is also associated with more or leas metallic platinum, and occasionally
with metallic silver, lead and copper, and the heavier Iron minerals, tinstone and precious atones.- Plaoers may become deep by
successive deposits of material, and finally th river' which formed them may be diverted from Ita course, or entirely lost by
changes in the elevation of the continent, or by lava flow In the upper portion of its course. Such deposits may subsequently
be cut by modern rivers, ana tney win tnen rorm oencn or nui placers or diggings, in some cases tne deposit is rrom 400 to
500 , feet In thickness, the upper portion of it being as a rule composed of lower grade material than that of th portion near
bedrock. In other cases th old river bed has become filled with lava, which haa covered the placer gravel to a greater or less
depth. Subsequent erosion may form new channels which frequently cross or cut Into the old deposits. The deep placers,
whether covered with lava or not frequently become cemented into a kind of conaiomerate. either on account of the sresence of
oxide of "iron alllcloua matter, or calcareous matter, which haa been carried Into the deposit by percolating waters. The deep
or buried placers were first discovered at points where they, were intersected by the courses of modern rivers, and were ex
plored by drift tunnels alone their couraea. ,
The Florence Placers, Small Capitalization
It Will be notioed that our capitalisation is but a quarter of a million dollars, and our shares, all told, only twice that
number. W shall not sell all these shares. We are offering now but 120,000, and these are aold at 26 cent each. Those taken
by th company In exchange for the money advanced to place the enterprise on . It feet, sample th ground, secure the 640
seres, etc, added to this present sale, will aggregate an expenditure of $60,000, and this 1 all upon which we ehall have to pay
dividends. Unsold shares will draw no money,
No Promotion Stock
There Is no promotion stock in this corporation. All persons buying Its shares must pay and pay alike. Persona at all
acquainted with corporations will understand the tremendous Importance of this.
No Salaried Officers
-. .. . i Not an-officer of this company draws a cent of salary. It Is good enough for them tor understand the returns to come
from the mine, and they are willing to serve their partner in th undertaking without any pay at all.
t - ' - -
$100,000,000 Have Been Taken From the Gulches Leading to These Meadows or Water
"73 ',' . "Channels From the. West Side v "
, This mining was doii during war' times.-- Then there were not known such appliances as hydraulic elevators, and when
the 'miners reached the bottom ground they were forced to stop. Water barred their way, and all of the gold deposited at the
base of these mountains remains there yet and It Is this, and NOT the gulches that have been worked out, that we will mine.
That the meadow and channel beds at the foot of the mountains are rich la gold, we have ascertained to a certainty. There is
' not an atom of a question on that line, because our engineer, Mr, Perks, has sampled tne ground has removed a yard her and
a yard there, covering a large area has washed these yards and actually taken the gold from them. This was at the time he
mad the examination that impelled thla company to buy the ground. In sampling the ground our Mr. Perks reported:
"We encountered bedrock In two feet and the value of the ground was )1JI per yard. -Following this up, we made a
cut on bedrock 12 feet long about 1,200 feet above the mouth of Miller Creek. The ground her was two feet deep and showed
a value of $6.40 per yard.- We then crossed the creek and opened a face In an open cut 6 feet high in the breast. Thla was
about 1,600 feet above the mouth of th creek. The overburden, which I will take as 4 feet I Inches deep, showed a value of
$1.10 per yard, and the 18 Inches below that on bedrock ahownd a value of $10.62 per yard."
v Added togother, these samples, or tests, aggregate $20 90, but for convenience let us say $20. Therefore, th four tests
average $5 per yard, with-the equipment that we ahall begin with we ean easily handle 1,000 yards per day, which, at an aver,
age of 85 the yard, would mean a gold production of $6,000 per day. . Working 865 days per year, as Idaho gold minora do, we
would thus turn out the enormous sum of $1,826,000 per annum. When we begin washing gravel at the Florene placer we
will have expended for machinery and equipment and the price of the 640 acres,, figured down to almost a cent $60,000. To pay
- 200 per cent on this Investment would require an output of only $120,000 pr year. Add to this not to exceed $1,600 per month
for operating expenses, and we need to mine only $138,000 per year to pay 200 per cent per year on every share of stock that
will be outstanding. Now. let us subtract 34.60 per yard, and say that eur gravel returns only 60 cents per yard, and we
handle 1,000 yards per day. This means 3600 per day, 3182,600 per year, or $44,500 more money than required to pay 200 per
cent on our .stock, and all this with never an Increase in the volume of our production. The results aggregating $20.90, or more
than $5 per yard, were actually attained from, teste mad for the guidance of th company be for th 27 claims were acquired,
and ABE POSITIVELY CORRECT, - . , . . - ,..,-.!,.. , T... . . V - i ..
.. . With 1,000 to 1,100 miners' Inches of water at cur servicer 1,000 yarda per day at first can be doubled later on, there.
.fore. our. claim of profits on Investments In the share of th Florene Placer Mining company axe not only NOT exagger
atecV but CONSERVATIVELY safe upon which to plan. r " - v .
Persons Having Money Not in Use or Out at Small Interest, Will Do Well to Give This
Matter Careful Thought ' , '
And let us reiterate that the contents of these advertisements are positively true. They are not written to deceive or .
blind the people. They are solely and alone presentations to the people of facts concerning a placer mining enterprise that
will pay so well as to warrant .the most enthuslastio Indorsement of EVERT Individual knowing what we have. -
f ' - ' ' , ,5-" ' : ., t 1 .:'
Miners Certainlv Get Rich Quick -
Wednesday morning.- May 18, publishes th following special telegram from it eorre-
The Portland Oregonlan of thla
spondent at Grant Pass, Oregon;
Grants Pass, Or., May 12. (Special.)
Three second-hand dealera of this
city, who three months ago counted
their assets In a few dollars, are now
believed to be worth $100,000. These
men are Robert and Benjamin Harrison,
brothers, and C C. Jones, who, in less
than 90 days, have taken $80,000 In
gold from a claim In the Williams Creek
mining district, 20 miles south of here.
It is reliably reported that theae men
have sufficient of the yellow metal In
sight to raise their fortunes to a round
1100.000.
Tux Out 97,000 Zaster Sunday.
It aeems almost Incredible that only
last Thursday these . mining men
brought to the surface 60tt pounds of
pure gold in one pan, but back of thla
comes their best day's yield which
netted them on Easter Sunday In round
numbers 37,000.
In an interview today, Robert Harri
son, one of the owners of the mine, who
came to town to transact buatness eon- -earning
the disposal of ore, verified th
rumors that had leaked out.
Producing taoo to 9SOO a Say.
"Tea. it 1 true." said Harrison, "that
we have a rich mine, and we have been
taking out lots of gold every day since
we have been out there In that district
For the last 80 days our mine has pro
duced from 3200 to $500 every day. We
have just sunk a chute 100 feet and.
from all Indications I think a conserve,
tlve estimate will fix the' amount of'
ore in sight at not less than $76,000. ,
The opening shows up a 9-inch vein .
and Is rich beyond our most sangutn .
expectations ,
"Will We Bell JTo, 8li.
"Last Thursday our net proceeds for
the day amounted to 12 pounds of
pure gold, so you ean see why we wish
to keep our mining business to our.
selves. We have been operating In th '
Williams Creek mining dlstrlot ' sino ,
about the first of March. Our richest ,
strike was mad on Eaater Sunday,
when the boys took out $7,000."
Every Reader of This Ad May Do Likewise
Perhaps not quite so much gold In so little a time, but he or she can place his or her money In these placer mining
shares and draw down at least 200 per cent on the Investment. This we most conscientiously believe. Everybody cannot go
to the mountains and mine, but nearly anybody can own shares In somebody's mine, and reap the same harvest as that be
stowed upon the actual laborer. . . . .
There Was Never a Dollar of Coined Money
That wa not mined from the ground by some one. There was never a piece of gold or silver jewelry that some miner did not
first dig the material from the earth. There was never a railroad builded or steamboat put upon the ocean that somebody did not
mine th gold or Oliver that paid the bill for Us construction. This is something to remember. ...
Price of Sharesr and Terms of "Payment
100 shares, f 5
200 shares, 60
800 shares. 76: $18.76
400 shares, 100; 25.00
800 shares, 126: 81.25
cash,
cash.
cash, $ 9.37
cash. 12.50
cash. 16.62 H
per
per
per
month,
month,
month.
600 shares. $16; $37.50 ' cash. $18.7$ per month.
700 shares, 175: 43.75 cash, 31.87 per month.
800 shares, 20; 60 00 cash, 26.00 per month.
,222 "!JarM' 2!5; !? per month.
1000 shares, 250; 62.50 cash,- 81.25 per month.
;,'-:'!. V:. ' : ' Engineer H. B. Perks Departed From Portland on Friday, May 8, and f ' t -
WORK ON THE FLORENCE PLACER MINES WILL BE PUSHED TO THE UT-
MOST FROM THIS TIME ON. .
,N, ....... ( '::' '.I .-;y:;v; -. . .. , .j. - 7
A Small Force of Men Has Been Employed All Winter Repairing the Ditches and Digging New One, and
Mr. Perks Has 81,000 Pounds of Machinery to Transport from Grangeville to the Mines.
And with all th energy of his active life will rush development of the property until It is placed among th great wealth pro
ducers of th Idaho mountain country. As we have heretofore stated, , r .
F;ve' Per Cent Discount for Cash on All Sales of 300 Shares or Over
' incorporated under th law of Oregon
per snare, fully paid and non-assessable.
Cabltal stock. 2250.000. divided into 600.000 shares, of tha nar iin. , m .
All shares 25 cent. each. , . . , " -.
Prospectus Giving Full Information Mailed on Request';
-
John B. Cleland .......v.;......... ..President
. .... r (Judge Circuit Court) ,
George X Psaslee i .Vice-President'
(Peaalee Bros. Company) .. .ry
Richard C Hurt . . ...... . . . ... . . . , . . .Secretary-Treasurer
(Superintendent Ur 8 Light House Servle) , - , ,
, . DlalXlOTOaUi r
J. B. Cleland J. F. Boone - . W. W. Peaslee . '
' H. B. Perka W. X Cleland.. C Hart
- , j ". G. L, Peaslee :r ... ,.. :
11 ! 1 'I 1
The
TV
a v i .i .. . i . - j' - m . m m m
m ioreece : rwGer-.avuminig ibompam
220 Commercial Club Building, Fifth and Oak Sts., Portland, Or. Phone Main 935