Bedford Gazette, 22 July 1904

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Bedford Gazette, 22 July 1904 - cure." Sold by Ed. D. Heckerman. not know them...
cure." Sold by Ed. D. Heckerman. not know them --Otunifort 8 E I V I D E R F ILLINOIS bladder troubles. Sold by Ed. D. Heckerman. 10,10. U F. it, f l.M night dally. CO. IF YOU WANT STOCK IN THE EXCHEQUER GOLD MINING OF BEDFORD, PA., an$ YAVAPAI COUNTY, ARK. CAPITAL $1,000,000 DIVIDED INTO 1,000,000 SHARES. PAR VALUE $1 A SHARE. OFFICEKS AND DIKECTOKS PRESIDENT, Alvin L. Little, of Bedford, Pa. VICE PRESIDENT, A. B. Egolf, of Schellsburg, Pa. SECRETARY, Jo W. Tate, of TREASURER, Oscar D. Doty, of Everett, Pa. DIRECTORS:-~F. M. Amos, of Bedford, Pa., D. P. Mauger, of Reading, Pa., Capt. I. K. Little, of Saxton, Pa. PROSPECTUS. The Exchequer Gold Mining Company is organized by a number of well known citizens of Bedford and surrounding counties, for the purpose of developing what are known as the Exchequer and Granite Springs Gold Mining Claims, situate in the Big Bug mining district of Yavapai county, Arizona, which are owned by Mr. F. R. Little, formerly of Saxton, Bedford county, Pa, PROPERTIES. The properties consist of four claims, size 600 x 1,500 feet and contain more than twenty acres to each claim. Three of these claims lie on the celebrated Yavapai county dyke and contain four separate and distinct gold bearing leads. The fourth claim does not lie on the dyke, but there is thereon a perpetual flowing spring, which from a miner's standpoint is almost as valuable an adjunct for mining as a mineralized claim. HISTORY OF THE PROPERTIES. These claims are owned by Mr. F. R. Little, who went to Colorado in 1870, and from thence to Arizona in 1876. In 1881 he located what is now known as the celebrated Iron King Mine, which was afterwards developed by New Jersey capital, and has since paid many millions of dollars in dividends. dividends. Mr. Little located the present property in the spring of 1895, and he states, that from the present development, the showing of gold is almost twice as good as it was in the Iron King Mine at the same development. Mr. Little takes his chances with all the shareholders of the company, asking only to be paid for the work he has already done on the property and that the company expend the sum of ten thousand dollars in developing these properties, when he thinks they will then be on a paying basis. ' DEVELOPMENT WORK. What development work that has been done, consists of nine shafts, varying in depth from ten to seventy feet A cross-cut has been made in the seventy foot shaft at the fifty foot level, and fifteen foot of mineralized gagn has been found between the walls. FORMATION.--The ore is of a porphyry formation and is free milling. ASSAYS. Samples of the ore taken from each of the four leads on the properties show assays that will average Fifteen Dollars to the ton. 70 foot shaft assays between ^50 to |6o a ton. When you consider that the great Homestake and Camp Bird and many others have dollars to shareholders in dividends on ore that only assayed on an average of from $2.50 to $12.00 a ton, you can readily understand with a fifteen dollar a ton free milling ore. LOCATION. This property is located on the Prescott and McCabe wagon road, ten miles from Prescott and four miles from McCabe. The Prescott Eastern Railroad is three miles away on the north, a good natural slope extends from the claims to the railroad, and a small track could the ore to the railroad at a very small expense. SMELTERS. The Val Verde Smelter is located six and one-half miles to the east of the property, which will make the cost of shipping the expense. Another smelter is located twenty miles to the south at the town of Meyer, Arizona. SURROUNDING MINES. This property lies on the same dyke as the following well known mines: Th Mudhole, Henrietta, Dividend, Great Peck, The Gopher, Model, McCabe Extension, Iron King, The Jessie and many others. The celebrated United Verde mine is situate about twenty miles due WHAT THE COMPANY PROPOSES TO DO. shares As the company only wishes to raise the sum of fifteen thousand dollars, for the purpose of immediate development at the present es will be offered for subscription at the price of FIFTEEN CENTS A SHARE. If this amount of money expended will put the paying basis, or the development work will prove that the prospect will develop into a big producer, then more of the stock will be placed but at a price of from three to five hundred per cent in advance of the present selling price. When you take into consideration whew located, also the mines that adjoin and surround it, we cannot help but believe that it will in time prove a good investment, and a big This May be Your Last Opportunity to Invest, as the Selling Very Rapidly. STOCK r*ow SELLING $15 buys 1OO shares. $30 buys 200 shares. $45 buys 3OO shares. $60 buys 4OO shares. $75 buys 5OO shares. $90 buys 6OO $120 buys 8OO shares. $240 buys 1,6OO shares. Make all Drafts, Checks, P. 0. Money or Express Orders to P. 0. Box 310, C. P. McCOMB, Fiscal Agent, Bedford, Pa,

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  1. Bedford Gazette,
  2. 22 Jul 1904, Fri,
  3. Page 3

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  • Bedford Gazette, 22 July 1904

    tj7283 – 09 May 2013

  • tj7283
    Mr. F.R. Little (1847-1913) Was my Gr.x3 Uncle.

    tj728309 May 2013

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