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About Independence enterprise. (Independence, Or.) 1908-1969 | View Entire Issue (Feb. 18, 1910)
4 INDEPENDENCE ENTERPRISE.. INDEPENDENCE. QRCOON. FEBRUARY 11. 1810, PACE : IIGHT PAQEB -nJI i m I I Oriole IP 11 fo o Italic .1 JL w iil IX LL LL IX Oregon CorporationProperty in Josephine County, Oregon CJtPITJZL STOC. $1,000,000.00 OFFICE: 304 United States National Bank Building, SALEM, OREGON K B. F. Rowland, President, Saleui, Or. J.C.llattison, VIce-Prea., Grants Pass. O. 8. Blanchsrd, Soc, Grants Pans. O. W. DonnelL Tress., Grants Pass. SMALL SUMS THAT MADE FORTUNES Small lumi Invested la mining have over and over again resulted In bringing substantial fortunes to the fortunato Investor. In 1892. Morris Yenzel, of Moscow, Idaho, a merchant tailor, received lu pay ment for a suit of clothes 6000 shares of Le Rol Gold Mining Company's stock; In 1897 be received for the same $8.00 a share and accrued dividends amounting to $60,000. In the early development of the Le Rol mine a certain well-known St. Paul gen tleman had his check written for $5000 to pay for a one-fifth Interest in the prop erty, but hiB friends persuaded him not to take it. A few months later, as is well known, the mine sold In London for $5,000,000. The advise of his friends Just cost blm $1,000,000. Marshall Field paid $023 for a small share In mining stock and afterwards re ceived $600,000 for his Interest when the mine was sold to a syndicate of capitalists. Cecil Rhodes, the millionaire miner and broker of South Africa, shortly before his death, said: "I speak advisedly, and say what every man who has investigated knows to be the truth, that less money Is lost proportionately In mining than in any other business In the world, and larger fortunes are made In mining stocks than in any bus iness or any Investment on earth. A good mining stock will pay the Investor .more easily 20 30, 40, and 100 per cent annually than municipal bonds, railroad bonds and stocks or government bonds can. possibly pay 5 per cent. Money Invested In good mining stock is safer than a bank, than In mortgages, railroad securities, municipal or government bonds. The security of good mining stock is the raw material of money itself; It Is the stuff at whose feet governments, cities, banks, railroads, mortgages, land corporations and all forms of business kneel." . . THE REASON WHY GOLD MINING STOCKS ARE OFFERED FOR 8ALE. Why is It necessary to offer any prominent mining stack for general subscription? Why do not local capitalists secure the entire issue, it it promises such large profits, and why is the company willing to dispose of any Interest In a valuable property? Those are common questions familiar to every one dealing In mining investments. They seem reasonable on their face, yet they are extremely unreasonable and illogical. Would you ask your grocer, when he advises you to buy sugar or flour In antic ipation of Its advance, why he does not hold It himself and make the profit? Would you ask your coal dealer, when he recommends you to lay In your winter supply in summer, because it Is cheaper, why he does not buy it himself and sell it later at a higher price? Hardly, for the very good and sufficient reason that probably neither would have sufficient capital for the purpose, and. If the advise were not acted upon, neither party would be benefitted. Mining stocks are offered to general investors be cause one man -has not sufficient capital to successfully operate the property, how ever valuable the property might be. Is the Best Sort, Oommeroial Mining Maximum of Safety This proposition, as we see it, is the best sort of "commercial mining" and is the most attractive kind for the "exacting" Investor who demands the maximum of safety and large "speculative" features. Everybody Wants to Mine And of course you do, and under the most favorable conditions, where the ele ments of uncertainty have been narrowed down to the very minimum, and where you should soon "see results". If you want to do commercial mining "In the ground" and TAKE UP THIS BONA FIDE OFFER We have not yet paid any one's expenses to mine for the purpose of selling stock, nor do we expect to do ,o, n T? with any interested and honest individual or party to the property, stay long enough to make rme into to not intended for a bluff but is a particular as we represent it we will defray all the expenses of the trip and give each Individual $5.00 per day for time spent on tne trip. bona fide offer made in good faith'. want to go after big game, here is your chance. Proposition Should be Quick This proposition should be quick. We're in the ore. All pre-organlzation precau Hons have been taken. We have carefully selected our officers and directors. Not . j . . Cnitnr hut all are conservative substantial business one oi mem is iu uj ku . m men. We are free to concentrate on mining, shipping and developing on an extensive scale. Two directors are giving u men nmo " , You're busy now oh, yes, of course but not too busy to attend to IMPORTANT MATTERS and this is "important". Buy ORIOLE to hold, to speculate on, or for "results'.. SMELTER RETURNS Actual returns from ore in carload lots shipped to Tacoma smelter; 6.5 tons from No. 1 tunnel, $184.85 net per ton .$1188.95 17.72 tons from chute between No. 1 and No. 2, $203.64 net per ton .... , $3608.50 15.47 tons from No. 2 tunnel, $224.58 per ton $3475.71 Total, 39.31 tons; average, $210.42 net per ton $8273.16 TEAR OFF THIS BLANK AND MAIL IT TODAY WITH YOUR REMITTANCE, .1910 Entire 40 feet In No. 2 tunnel as say $23.40 and $27.60 per ton. Other assay values at lower levels run much higher: 30 feet below No. 2 tunnel assay $377.80; No. 3 tunnel. 108 feet below No. 2 tunnel, shows assay value $785.80 per ton. j Mr, B. F. Rowland, President Oriole Gold Mining Co., Salem, Oregon. I do hereby agree to purchase from you shares of the capital stork of Oriole Gold Mining Company, a corporation organized under the laws of Oregon, it the price of Fifteen Cents per share, and do hereby agree to pay for same as follows: $ on the execution hereof and the balance in nine monthly installments. I do further agree that time shall be deemed the essence of this agreement and that at your option you can cancel this agreement at any time after a default of thirty. (30) days In the payment of any of said Installments; provided, that should you exercise such op-ion, you shall deliver to me such number of shares of said stock as I may have paid for prior to such default at said price of Fifteen Cents per share. (Executed In duplicate.) MADE MONEY IN W. R. Hearst estaie . C. P. Huntington . Leland Stanford .... . James G. Fair . . . . U. S. Stratum . Charles Crocker .... . Peter Donahue J. B. Hagin Claus Spreckles MINING . ..$40,000,000 . .. 35,000,000 . .. 25,000,000 . . . 25,000,000 . .. 15,000,000 . . . 20,000,000 . . . 20,000,000 .. 30,000,000 . .. 20,000,000 Name Accepted . . . . Address President. Sharon estate .. 20,000,000 Mark Hopkins ..21,000,000 Thos.'F. Walsh 20,090,000 John W. Mackay 10,000,000 James G. Flood 10,000,000 There are thousands of others who have made a handsome fortune in mining. We extend an invitation to all who 'have made or who desire to make money in mining, to join its. J