The Oregon daily journal., June 24, 1908, Page 7, Image 7

THE OREGON DAILY JOURNAL, PORTLAND, WEDNESDAY ' EVENING, JUNE 24, 1 1908.
THIS GOLD MINE IS AT FLORENCE, IDAHO,' AND NOT IN NEVADA
Mr 1. N. Maxwell, former District Attorney of Idaho County, Idahil Has Been Over Every foot of the Florence
Placer Ground and Is Enthusiastic in Its Praise
OfffiSTSTBD).
AIL!"
V ,Mr, I. N. Maxweir, now a resident of Salem, called at this office Monday, and in conversation with the management among other things said: .
"I'have been over every foot of your Florence Placer ground, and having read your prospectus can earnestly say that you have not overstated or over estimated anything. It is as good as
and better than you have represented. I was district attorney of Idaho county and helped get a bill through Congress annexing the Panhandle of Idaho to the State of Washington, but
President Cleveland Vetoed it. I have traveled all over the Flprence district; and it is true that more than $100,000,000 in placer gold has been taken out of those Florence gulches. ' We all .
have known for yearshave known ever since we knew the district that these bottom lands are full of gold, and it is not of the fine variety, either. You will find it coarse and easily, saved,
and your ground is the richest in the country. It is IMMENSELY RICH. I do not believe there is richer placer deposits anywhere. . . ; '
"I knew William Crandall well. - He was not a-man calculated to promote a mine or anything else of that character. He knew absolutely nothing about such things, or these mines
would have been worked years ago.' ... , - ' y v; V ......
"As I have said, "there is ABSOLUTELY NO QUESTION as to the richness of those meadows. There never has been more than ONE question about mining this property, and that was .
h - r,f n riiimn TW vniir oravl ftfvatnr n1v that nroblem. so that everv obstacle is. therefore, removed. Whv. there are millions of dollars in that (ground! I KNOW ITl"
,v HE. SHOWED HIS FAITH BY HIS WORKS. . - -l. I WE HAVE REALLY A FIELD OF GOLD
To demonstrate hla falthln the Florence Placer. Mr. Maxwell has Invested 'in Its stock and in now one of It party. .He
will doubtles watch our progress with great Interest, as he la so familiar with the territory in wnicn w operaw. ahu w
beust aa glad as Mr. Maxwell when the day Is at hand that wo ahall be IVgl
helped us make the Florence Placers the paying properties they are sure to be THAT., THEY CANNOT HELP BEING.
MR. MAXWELL'S STATEMENT THAT ' "THERE ARE MILLIONS IN THAT
GROUND," IS FULLY CARRIED OUT BY THE TESTS '
MADE BY OUR OWN ENGINEER. - s
. Taking five grab samples, for example, be had an average of t.trto the yard, and our smallest capacity for wining
'will be 1 000 yards per day. If we were to mine 1,000 yards of $4.28 gravel each day for 81, days of each year, our total pro
duction wVuld am" unt to per year, whereas to pay yearly dividends of 200 per cent -on the (60.000 ylu J";
vested 1 Florenc Plaw an expense of only $'88,000. But if our gravel Should average nr Pr
yard and we mined 1.000 yards each of the 811 working days of She year, we would produce 156,600tr enough to pay 800 pet
?ent to our stockholders and Lv. $18,500 left over for contingencies Mx. will thus b seen w i W male most MnMm
tlve estimate of the profits to accrue to those who are partners in this enterprise. And If Jtshall "qu 1 r. Mr J6 " 1
: mates It will, !6 years to mine out this ground, and the yards average only 60 cents each, we shall wash out of the Flo
gravel the enormous sum of $S,835,00O close to $4,000,000 fordlstrlbutlon among our people money taken from the earth that
notYonly does not impoverish any one. but enriches the iwners of the mine, which Is the stockholders, and through them the pub
lic, generally. As we have heretofore stated, .:
MINING IS THE ONLY BUSINESS KNOWN IN WHICH A PERSON MAY
HONESTLY ACCUMULATE D MILLION DOLLARS.
In this pursuit a man may grow rich as dosen Croesuses and In no wise transgress the laws of honesty, or violate the '
,Qolden RuJe. or hJra to foj two flo, of one of the big office buildings In Portland tells us that he is paid only $8
per month. That-Is a salary of $70 per year. One thousand five hundred shares of Florence Placer stock would earn as much
for him as he Is paid for his labor, and he could employ his Ume In some other way. or enjoy an everlasting rest if he felt
that way. .,' .- v.
. At $8 per day. a man would wor 10 years-for $,$0. From this subtract $5 per week for room and boerd for 5!0
weeks, a total of $2,600, and $2 per week for clothing", laundry, medicine, amusement etc., and he has left, for that 10 years
work the small sum of $5,720. Two hundred and fifty dollars Invested in Florence Placer stock, paying 200 per cent per an
num, would pay back to this laborer during this 10 years, FIVE THOUSAND DOL.IAK8,. and e need never spend a minute
with it. It would coiit nothing to get It. nothing to maintain it. nothing to feed it. nothing to clothe It nothing to doctor it,
and no effort to possess It save Indorsing his check and walking to the bank. It would not even entail the labor of keeping books.
SENATOR JONATHAN BOURNE JR., WAS BROKE ABOUT A DOZEN YEARS,
. AGO, AND IS TODAY WORTH MORE THAN A MILLION DOLLARS.
He made very dollar of his money la legitimate mining.' A friend, during the time of his hardships, had great sym
nathv for Mr. Bourne, which was disclosed In the following colloquy batween them:
pa.iny w.-rli hu frtend bega, i iweys have had a great liking for you. but never an opportunity to manifest It tn
any substantial manner, but now I am going to make a proposition to you. I know your reverses of fortune of late. It is oom
mSk knowledge among your friends. Tow, I have, a position to offer you, and you may have it Just as long as you wish to
. tay with it I'll t-ay you a good salary, too." . ' . - - , . ' . ' : ; , . '
- w How muchr the pretent United . States Senator Inquired. , .k
"I will etretch it for you, Mr. Bourne. It la $200 per month place, but if you want it X will pay you $250 per month
. juat because I like you, n . . hanl.iiD unfortunate, "but what would I2BO eer month amount to
to a man who oves $75,000 T How could I repay these many kindnesses of friends who have trusted met I really thank you, but
$230 per month-would be of no good to
THEN MR. BOURNE TURNED HIS ATTENTION TO MINING.
Hon. Van IJelashmut. once mayor of Portland, well known to all old-timo Portlanders. and to many of ua today, may
be credited with much of Mr. "Bourne s succeea It was through a "hunch" given him by Mr. iDelashmut that Mr. Bourne se
cured the Mountain Lion jrold mine, and today $1,000,000 would not duplicate Mr. Bourne's earthly possessions .and he is get-tins-
richer all tha time. "That $76,000 was paid off a long time ago, and half a dosen such debta would not worry him at this
time. But Mr. Bourne would have had to labor 318 1-$ yeare to have earned $1,000,000 at $250 per month. This Is one of the many
successes in mining that might truthfully be chronicled almost anywhere in almost any mining region at almost any time.
THE AVERAGE EMPLOYE GETS $10.00 PER WEK.
' The average wngeeamer in manufacturing establishments of the United States receive $10.08 per week, according to a
tnvemment census bureau report Juet issued. The average man receives $11.16, the average woman $6.17, and the average
r-hlld under 16 years, $2.46. Diamond cutters earn the hignest wages, $21.68, and the lowest is paid to men engaged in the manu
' facture of turpentine and rosin. $5.28. The lowest average for children is paid In pickle, preserve and sauce factories, where
$1.84 i the medium wage. .
$10 PER WEEK IS $520 PER TEAR, AND $250 INVESTED IN FLORENCB PLACER SHARES. EARNING 200 PER CENT
PER ANNUM, WOUlD NET THJ3 OWNER $600 PER YEAR.
v . THERE IS QUICK MONEY IN GOOD MINING STOCK.
A person Inventing only $25 in these shares would, at 200 per cent interest, have an income ef $60 per year, or more
than $4 rer month. $50 invested would afford an income of $100 per year, or more than $8 per month, and $78 would bring in
month eufflctent
would add $6,000
samDled as we had them, are safe and sure as any bank on eanb, THERE IS NOT THE SLIGHTEST TXUBT OF THIS.
. $280 invested In 1,000 Florence Placer shares at 26 cents the share, at 200 per cent per annum, which, we believe we
shall cay. would return -to the Investor $500 per year, or twice the amount Invested in the stock It would pay back $2,600 in
five years, or enough to build a comfortable home; $6,000 in 10 years, $10,000 in 20 years, and $12,600 In the 25 years we expect
ft will reaulre to work the Florence Placers out.
$500 Invested now, at 25c the share, at the same rate of Interest, would reward the Investor with an income of $1,000
per year for the next quarter of a century. -. . ... . w. .
$760 Invested now-would mean an Income ef $1,600 per year during the 26 years' life of this enterprise,
: - $1 O00 invested while these shares are selling at present prices, should enrich the investor to the extent of $2,000 per
annum; $20,000 in 10 years, $40,000 in 20 years,, and the handsome fortune of $50,000 before the last of the Florence . Placer
ground hj2,0Q'en1,j m these shares bow, at the interest we feel positive we shall be able to pey, would profit tha buyer $100,
000 If he should elect to hold them the entire period It will require to mine out this ground.
LOANED TO THE BANKJ AT 4 PER CENT.
Two hundred and fifty dollars would return $10 per year, and $250 in 26 years. Thta Is $12,000 less than our stock at
200 per cent per annum, would pay in 26 years on an Investment of $250.
$500 out at 4 per cent per annum would return $20 per year. At 200 per cent por annum the return would be $1,000
nm. year $080 mora than the bank would pay. At 4 per cent the bank would pay $600 for the use of $600 for 26 years. At
200 per eent per annum the mine would pay in 26 years, $25,000, or $24,500 more than would be received from the bank.
. , - Larger sums would pay in proportion, -and we merely make these comparisons that It may be known that the Florence
Placers will reward their stockholders more richly than could be expected from the most prosperous business, aside from min
ing, in the whole range of human, effort.
200 PER CENT PER ANNUM IS FIFTY TIMES MORE THAN BANKS PAY
. , THE FLORENCE PLACERS' SMALL CAPITALIZATION
It will be noticed that our capitalisation Is but a quarter of a million dollars, and our shares, all told, only twice that
number, - We shall not sell all these shares. We are offering now but 120.000, and these are sold at 28 cents each. Those taken
bv the company in exchange for the money advanced to place the enterprise on Its feet, sample the ground, secure the 640 acres,
etc., added to this present sale, will aggregate an expenditure of $60,000, and this is all upon which wa ahall have to pay divl
j.nAa TTnanld sherea will draw no money. '
14VW " ' '
Our property consists' of S40 acres, or 27 FULL claims, known as the
Florence meadows, or river7 channel ground, at the base of a range of
mountains in Idaho county. Idaho. This cut very fairly represents the ground,
though the meadows ara somewhat broader than might appear by a cursory
glance at the picture, A free booklet that we send to all who supply us
with their addresses accurately describes the lay of the land, and it is worth
reading whether one desires to invest in our shares or not. We will elevate
the gravel from an ancient river bed. into which gold has been poured from
mountain gulches for probably 600.000 years. The gulches themeelves have
yielded up more than $100,000,000, but the bottom ground or meadows could
not be mined on account of moisture, without the modern appliances we are
installing. All this difficulty, however, is now brushed aside, and by tha
first of September we sha.ll be ready to throw water on the elevator, and by
it wash the precious gold from the sand and gravel where It haa so long
been in seclusion.
nrlcea would yield a h.irvost of $200 per rear, on Interest at 200 per eent, or an amount In excess of $1.B0 per
i ' ZL h .:Aaarv hill for n fm.lv of two. If frucal. as moat workinsmen must be. In 25 years this S100
NO PROMOTION STOCK
s There Is no promotion stock in this eorporatlon. All persons buying its shares must pay and pay alike. Persons at all
acquainted with, corpcrationa will understand the tremendous importance of this. t
' y NO SALARIED OFFICERS -
Not 'an officer of this company draws a eent of salary. - It Is good enough for them to understand the returns to coma
from the mine, and they are willing to serve their partners tn tha undertaking without any pay at all.
, PERSONNEL OF THE FLORENCE PLACERS COMPANY'
Hon. John B. Cleland. the company's president. Is one of tha Judges of the State Circuit Court, a position he has held
and the duties of vthlch ha has discharged with great distinction slnca 1S98. Before coming to Portland from Iowa, this gentle
man had been oversight years on the bench, and likely would have still been serving In. this capacity had he not resigned to
FORM
Placers are deposits of material which haa been eroded from rock formations, and the heavier portions of which have
become concentrated by the action of water in such a manner as to form deposits rich tn gold. The placer deposits which are,
' most accessible are those ociurrlng in beds of modern or anelvnt rivers. These have been worked from the ilawn of history,
and the greater part of the gold that has oeen obta'ned in all ages haa 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 case 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 the sea sand Into a richer deposit than the average sand. Any of these deposits may become deep placers by being,
subsequently burled under lava or debris. These deposits contain metallic gold in fragment ranging from. the' finest dust to
nuggets which weigh more than 100 pounds. The gold is also associated with moro or less metallic platinum, and occasionally -with
metallic sliver, lead and copper, and the heavier Iron minerals, tinstone and precious stones. Placers may become deep
by successive deposit a of material, and finally the river which formed them may be diverted from its course, or entirely lost by
changes in the-elevation of the continent, or by lava flows in the upper portion of Its course. Such deposits may subsequently
be cut by modern rivers, and they will then form bench or hill placers or diggings. In some cases the deposit is from 400 to -600
feet in thickness, the upper portion of It being as a rule composed of lower grade material than that of the portion near
bedrock. In other cases the old river bed has become filled with lava, which has covered the placer gravel to a greater or,
lees depth. Subsequently erosion may form new channels which frequently cross or out into the old deposits. The deep placers,
whether covered with lava or not, frequently become cemented Into a kind of conglomerate, either on account of the presence
of oxide of Iron slltclous matter, or calcareous matter, which has been carried Into the deposit by percolating water. The deep
or burled placers were first discovered at points where they were intersected by the courses of modern rivers, and were ex
plored by drift tunnels along their courses. ' "; "'" i-
take un his abode in this city. It Is not likely that there la a business or professional maa in this city, residing la Portland
for any considerable Ume, that Is not acquainted with Judge Cleiand, and who will not vouch for his high standing aa a Judicial
offlosr and exemnlary cltlsen. He Is not a man of great wealth, but as much of his means as ha could sjj&re he has cheerfully
Invested in this gold mining enterprise, and which he will personally see Is conducted on the very highest plane of fairness and!
honesty. ' Oeorge I. Peaslee. the vice-president, is he seniof- member of the firm of Peaslee Bros. Company, owners of a large
lob printing stabllshment. Mr. Peaslee has resided in Portland more than a quarter of a century, and la well known to the
business community aa a man of strictest Integrity and business acumen. '
Richard C Hart secretary-treasurer, Is superintendent of the United States lighthouse service, and a gentleman of
larra acauaintance and universally loved for his urbanity and Kindly manners and disposition. Ha is popular with all who have .
tha rjleasure of his acauaintance, and these hundreds will unequivocally testify that he la the last man in the country who
would lend his name or influence or unite his efforts with any matter or enterprise not of the highest type and unblemished
purp?Dtrector A. Cleland Is a brother to the Judge, an attorney of high standing, and universally esteemed, both within
and without the 'pnaslee ln brother to Vice-President Peaslee, snd Is likewise of the firm of Peaslee Bros. Company.
Like h(s brother, Mr. Peaslee is a man well known in business and fraternal circles, and a general favorite in his broad circle
yof acquaintances. i, wen known among those engaged In river navigation. Ha alto is an old-timer In Portland, and
tha man does not live who can point to a blemlxh on his reputation. -
- , Director Harry Perks the company'a engineer, is noted for his conservativeness. Large operators engaged In mining '
know that his reoorta are always of the most modest type, and no man ever yet acquired a mining property on his recommen
dation and did not find it all he had recommended it to be. He simply WILL NCT exaggerate tha value of mines; hence, the
hiweve?e The Xndoned Xr work than that in which he is now engaged, and thia company wiH have hla entire time
from this time on. Among the mining fraternity of this state Mr. Perks has wide acquaintance, as much of his time has been
spent at tha mine, and in reporting on Pjopejtles owned I5y mining companies
For a time. Mr. Perks had charge of the Lucky
Bov mlna a Southern Oregon property that has produced vast sums of gold. It was while inspecting a large holding in Idaho
- that Mr Perks came In contact with persons who made known to him the existence of the Florence Placer Mines, and which-c-umA
rilm to take the first steps for the acquirement of this wonderful bed of treasure. He haa operated from Portland the
- last seven years and in that time has surrounded himself with a meat desirable circle of frienda, who have tha utmost confl.
riann In him and his skill and ability as a mining engineer.
" " in fUie the officials and directors of the Florence Placer Mining; Company comprise a class of men whom to know Is
" to trust implicitly, and all who shall become their partners in this mining; enterprise will find that they "tote fair" with every
human being with Whom they have business relations.
THE FLORENCE PLACER STOCK IS A POSITIVELY SAFE INVESTMENT
AND WILL BE A TREMENDOUSLY PROFITABLE ONE
' The honor of each official and director is pledged to this, and that pledge with this claas of men 'is good. The people
of Portland know them Many of them are known throughout the state, and persons at all familiar with gold mining, quarts, or
placer, are likewise aware of the fact that the characters of those at tha head of such enterprises amount to more than halt
v their value.
PRICE OF SHARES AND TERMS OF PAYMENT
100 shares,
200 shares,
100 shares,
400 shares,
- BOO shares,
I 28 ' rash. per montn.
50 cash. per month.
76; 818.75 cash, t 9.87 per month.
100; 25.00 cash. 12.60 per month.
126r 81.25 cash, 15.62 per month.
600 shares, 1 SO; 837.80
700 shares, 176; 43.76 ,
800 shares, 200; 60.00
900 shares. 200; SS.lIft
160p shares, 260; 62.60
CASH ON
cash. 218.78 oer month
cash, 21.87 H per month,
cash, 25.00 per month.
cah. ' 28.18 per month,
eaah, 81.25 . per month.
ALL SALES OF 300 SHARES
PTVR PER CENT DISCOUNT FOR
UK UVJEK :
15 THE TERMS WILL BE 25 PER CENT DOWN AND 25 PER
PER MONTH, AND AFTER AUGUST 15 SPOT CASH
AFTER JULY
CENT
OFFICER8
John B. Cleland .......... ...President
. (Judge Circuit Court)
Geo. 1 Peaslee . . . . ... .Vice-President
' - - . (peaslee Bros. Company)
Richard C. Hart ........... Sec.-Treaa.
"(Superintendent V. S. Light-
. , ..... House Service) . .
. DIRECTORS ' -
3. B. Cleland t : , W. A. Cleland
6. B. Perks, ?TW
3. F. Boons ,r ' Hart
. .. ,.- .. Q. 1m .Peaslee ,.
- .
220 Commercial Cliib Building, Fifth and Oak Streets. Portland, Oregon.
Phone Main 905
. ssaa i l . m. , ... .,..
J AT .THE THEATRES ,
. . win tresent.
V i' - M JJ .
Th. advance seat sale will open next
Friday for Robert Mantel! at the(hox
office of the HeiHK theatre, fourteenth
and Washington streets. Mr. Mantel!
will present -King Lear" next Monday
and Frlday nights. "Macbeth on Tues
day ntght and Saturday afternoon. "The
Merchant of Venioe" and Wednesday
afternoon, "Hamlef Wednesday night.
"Othelloi" Thursdav night, "King Rich
ard ur on saturoay nignu -
'The Rejuvenation of Aunt Mary."
1 The advance seat sale will open next
Frldav at 10 a. m. at tha box ofTioe of
the Heilig theatre. Fourteenth and
Washington streets, for the charming
actress and her company who will pre
sent the merry comedy, "The Rejuvena
tion of Aunt Mary," at the above thea
tre next Sunday night, June 28. . .
i Collier Tomorrow Night. . - -
The favorite American comedian, Wil
liam Collier, and hla excellent support
inT company, will present the delightful
farce comedy success, "Caught in the
Rain,' at the Heillg theatre, Fourteenth
and Washington streets, tomorrow. Fri
day and Saturday nights. A special
price matinee will be given Saturday
afternoon. Seats are now selling at the
theatre for the engagement. - .
"A Gentleman Convict" at the Lyric;
The Blunkall-Atwood stock company
is thia week offering at the Lyrio one of
the moat attractive bills, of the present
season in Charlea Vernor Finlay's great
new comedy drama, "A-Oentleman Con
vict." - It affords every one of the fa
vorite principals a line opportunity,
V. : .- ,;-f. .."'a
' ' At the Marquam.
Alt ..who have witnessed the Pantages
attrac-lons at the Marquam thia week
are utjunimous In their praise of, the
high-class hill f attractions. "Ye Co
lonial Septette" is the feature attrac
tion, while Marie Rolfson and Captain
McLaglan hava an entertaining and
mystifying specialty.
"The Henrietta" Rrst of Week.
The Baker stock company-will pre
sent Brnnson Howard's famous play.
"The Henrietta,', tonight and all the
rest of this week. This is the play the
company produced Sunday and which
haa caused more enthusiastic comment
from theatregoers than any other pro
duction of the season almost. ,
Every Entertainment at Oaksv
Portland people are finding no trouble
In being; entertained at the' Oaks. Be
sides tha various concessions, all Inter
esting, la the dally afternoon concert
at 2:80 by the band of White and Gold.
In the evening the Allen Curtis com
pany la presenting this week the very
entertaining musical comedy, "Whlrley
Glrley." It is worth your. time.
. ' Musical Comedyv -Musical
comedy Is having its fling at
the Star itheatre this week. The pres
ent Attraction, "Charley's Uncle," -will
be the last of the Armstrong company's
offerinra. ltla a farce with musical
specialties andf vaudeville interruptions.
The Great Lawrence, the bugler and
character chan go artist, presents v. bis
ismoua specialty. .. ;.
' v Orpheura Vaudeville. v
': Orpheum vaudeville will have to hurry
to beat the bill which la at the Grand
thia week. vtKvery act on the list is
big and there are no dead ones. The
Oklto family of Chinese magicians have
a magnificent aet of the kind. Laveen.
Cross and thetr associates have an act
which will delight thoaa- appreciates
physical culture. , .- - ,
11.93 for your pick of women's 13.00
to 83.&I) oxfords, shoes and garden tlen
tn black, tan and patents. All siaes and
newest styies. Sample Shoe Ftore Co,
First and Madison ur 208 WorrUoa.
: Popular Music at Half.
: TTW 1 1 . . ,
V. iiiio w It. Brums rtr new fr'
in shnna tnr th crri.mf it,nln h .
will be announced In a fi-w u.iv.
will continue durin th tk t-
all the latest pojiuiar hita at 14
you have all ths mul? you g ;
you. want and ssic .r.
Tf close out Bf-vjt i.fitit rft).i"
music from old eto-a we nw t - i
1 cent Just think it: i ..r 41 .
csn set lut Cf'pi.w, ami it?! f H ,
todav In many .m.rn m ,
Oraves Music ,t'"'minv. .-. , 1
Fourth street, ' jua n'.i i;i i,( ,-
ton.
, : 1 , t
Hot wtht r.r':'n . -t U
government l.. ; - i a.. ..