USA > Colorado > Boulder County > History and production of the gold fields of Boulder County, Colorado > Part 4
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In conclusion, I wish to say that I had a most enjoyable trip to the United States Gold Camp and I appreciate the courtesy of the manage- ment in this connection. I have confidence in both the properties and management and for the reasons which I have given, I believe they have a proposition of extraordinaryy possibilities.
W. B. TETERS.
36
THE GOLD FIELDS OF BOULDER COUNTY.
One of the Greatest Mining Propositions in Colorado (Copied from Eldora Record May 14, 1904.)
"The great dykes in this region have heretofore been developed only in a desultory fashion. They exist on the continental divide, where the second upheaval has made great fractures in the earth's surface, allowing . the mineralized waters free access to percolate through the fissures and deposit their precious wealth. If these great dykes prove with depth what the surface indicates, they will make some of the greatest mines in Colorado and pay back the capital invested to develop them many times over in dividends. The managers of the United States Gold corpor- ation are going about the matter of developing their property in a busi- ness-like and energetic way and will probably revolutionize mining in this part of Colorado."
"The writer has personally examined the properties of this com- pany and of the Fourth of July and can say that if there is any section of the mountains that can produce dividend paying mines it is the locality of these two great properties and he can speak from personal experience of the sterling integrity and business ability of the officers of this company and of the other as well."
"In the driving of the tunnel already the miners have encountered another vein that was not known to exist from the surface indications and the values in this vein run as high as $65 per ton. We consider this to be one of the greatest low-grade propositions in Boulder county' and it is a fact in mining history that it is the consistent low-grade property with the wide and strong veins of the sulphide ores, such as are found in this belt, that produce the great dividend payers."
Opinion of Hon. W. A. Poynter, Ex-Governor of Nebraska
Lincoln, Neb., Feb. 25, 1904. MR. JOHN F. ROWELL, Eldora, Colo.
Replying to your inquiry as to my opinion of the United States Mine I would say that I see no reason why it should not be a great property. It is situated on the same lode upon which the Consolidated Copper and Silver Mining and Smelting Company is operating, and, be- ing on the Board of Directors of that company, I have every faith in the ultimate success of the enterprise. Your property joins that and the conditions are practically the same and I believe that when you have developed your property until you reach the lode you will find a great reward.
I assure you I wish you success in your enterprise and I feel confi- dent that you will have success. Yours truly, W. A. POYNTER.
The United States Gold Corporation General Office, Boulder, Colorado
CAPITAL STOCK
-
-
$3,000,000
PAR VALUE SHARES
-
$1.00 EACH
FULL PAID AND NON-ASSESSABLE NON-PERSONAL LIABILITY
TREASURY STOCK
1,000,000 SHARES
TREASURY STOCK RESERVE ,800,000 SHARES
OFFICERS.
Edward Monroe
President and Gen'l Mgr.
A. J. Macky
. Vice President
John R. Wolff
Secretary and Attorney
John W. Middlesworth Treasurer
John F. Rowell Superintendent
DIRECTORS.
Edward Monroe.
Boulder, Colo.
Wall Paper Merchant.
A. J. Macky
Boulder, Colo.
President First National Bank.
John R. Wolff
Boulder, Colo.
Attorney and Counsellor at Law.
John W. Middlesworth.
Boulder, Colo.
Stock Raiser.
Geo. A. Phillips Boulder, Colo.
Merchant.
B. F. Mohler. Lincoln, Neb. Merchant.
E. G. Chaffer.
Washington, Ill.
Capitalist.
DEPOSITORY.
First National Bank Boulder, Colo.
REFERENCES.
First National Bank, Boulder, Colo. Boulder National Bank, Boulder, Colo. The Mercantile Bank & Trust Co., Boulder, Colo. Or Bradstreets Mercantile Agency.
38
THE GOLD FIELDS OF BOULDER COUNTY.
The United States Gold Corporation
ORGANIZATION.
Early in the year 1903 the United States Gold Corporation was organized by business and professional men of northern Colorado along somewhat unusual lines. Acting upon the theory that nature has de- posited her greatest treasure vaults near the Continental Divide these men acquired the cream of the rich mineral territory on Arapahoe peak, in the western part of Boulder county in the heart of the gold, copper, silver belt including placer, timber and a mile on the famous Fourth of July Dyke, or mother lode, from which the Caribou millions were tak- en. They developed them by shaft, adits and short tunnels to the ex- tent of their individual ability until they became convinced that the properties could be developed into great gold producers.
Anticipating the tremendous possibilities of this section, when the Moffat Ry. should be completed, which was then projected and is now running within five miles of these properties, as well as of co-operation, where individual action must fail, these men decided to consolidate their group of properties and form a corporation to take them over which they did, the owners exchanging some two hundred and thirty acres of proven properties for stock. The company was capitalized at three mil- lions of dollars, which was as small, as the magnitude of the proposition, and the large outlay required to develop such a vast mineral estate, would warrant.
Of this amount one third of the entire capitalization was placed in the treasury to continue the development of the properties and place them upon a dividend basis.
The change of economic conditions since the organization of the company that have made for the greater success of this enterprise has been nothing short of marvelous. The Denver and Golden smelters, some 57 miles distant have made large reductions in smelting rates so that much of the ore which formerly went over the dump can now be shipped at a net profit including rock that runs as low as six dollars.
PROPERTIES.
Of the property conveyed to the Company one hundred and eighty acres has been patented and the balance is in process of patent. It would
39
THE GOLD FIELDS OF BOULDER COUNTY.
A mining enterprise with possibilities second to none in Colorado
be impossible to convey to the reader by words the extent of the great ore deposits and gold bearing dykes, embraced by the holdings of the company. Briefly described this lode system comprises almost a mile in length by a half a mile in width. Through this tract a series of lode claims run parallel with the mountain one above the other, of which three great lodes outcrop on the surface, consisting of the Monroe, vary- ing from ten to twenty feet in width, the Arapahoes from twenty to thir- ty feet in width and the Klondykes, an immense ore channel from fifty to one hundred feet in width, covering a mile of the Fourth of July dyke or "mother" lode, seamed through and through with bournite of copper, gold and silver.
PLAN OF DEVELOPMENT.
Nature's keystone to successful mining is the tunnel, because it af- fords the most economic method of mining ore. Nature has furnished ideal conditions for tunnel mining at the property of this Company. Therefore, recognizing the magnitude of this enterprise the directors of the Company at once outlined a plan of development to open up the mammoth dykes and ledges by means of the Klondyke Tunnel to be started at the base of Arapahoe peak and to open up each of the three dykes at a depth of two hundred, five hundred and eleven hundred feet respectively in a maximum distance of fifteen hundred feet of tunnel driving, thus enabling the Company to drain its ore bodies and run its ore out by gravity, thereby saving to the Company an expense which would alone more than pay for the construction of the tunnel in the course of two years' time, and obtaining a maximum development at a minimum cost.
THE KLONDYKE TUNNEL SITE.
Pursuant to the plan of development thus mapped out our surveyor and consulting engineer, Mr. John W. Kittredge, surveyed and staked the Kloyndyke Tunnel site claim 3,000 feet in length at a point on the properties of the company where the greatest depth on each lode claim could be obtained in the shortest distance. Although the tunnel site is 3,000 feet long the tunnel itself will cut the largest ore body in a dis- tance of 1500 feet and at a depth of eleven hundred feet. The location of the tunnel site claim gives to the company the right to all blind leads
40
THE GOLD FIELDS OF BOULDER COUNTY.
discovered in the construction of the tunnel, including the right to lo- cate lode claims 1500 feet on either side of the tunnel where discovered. The law further prevents and denies the right of any person to pros- pect for leads within a radius of 3,000 feet ahead of the tunnel and 1500 feet on either side of it. The tunnel and tunnel site therefore preserves for this company all the minerals that may be discovered within an area of 3000 feet square. In April, 1903, the construction of the Klondyke tunnel was made 5 by 7 feet in the clear, which gives room for single
Power drill "slugger" at the breast of the Klondyke Tunnel ready to bore a hole six feet long into solid granite.
track and water box to one side. The beginning of this tunnel wit- nessed the beginning of the great mining enterprise of the United States Gold Corporation, which has been prosecuted night and day for the past two years by hand and by power, and the tunnel at the time this article goes to press is more than half completed with the wonder- ful results hereinafter given.
EQUIPMENT.
A modern up-to-date power plant, blacksmith and machine shop are located at the portal of the tunnel. It consists of 50-horse power
4I
THE GOLD FIELDS OF BOULDER COUNTY.
boiler, 5 drill Leyner air compressor, engine, Ingersoll Sargeant air drills with all necessary equipment. No finer plant exists in the county. A gravity water plant furnishes the purest mountain water for the boil- er and air compressor. The arrangement of the machinery is superb, giving the greatest convenience, speed and economy at a minimum cost.
DEVELOPMENTS.
For over two years work has been prosecuted night and day in the driving of the Klondyke tunnel since the organization of the company. The breast of the tunnel is in over 800 feet. Six veins have already been cut by the tunnel including the Monroe and Arapahoe lodes. The pos- sibilities of ore production from these six lodes are beyond estimation. Not a single vein cut by the tunnel was barren but all expose ore in large quantities and the management believe that they can produce fifty tons of ore daily after June first from the veins already cut by the tun- nel, and gradually increase the production to one hundred tons in a short time from which the company will derive a net revenue of 200 to 500 dollars per day.
Work has been prosecuted in drifting on the Monroe lode almost constantly since it was cut by the tunnel in September 1903, and thous- ands of tons of ore have been blocked out in this vein ready for ship- ment to the smelter.
Perhaps no experience in mining will illustrate the wonderful pos- sibilities of development than the great discovery disclosed to the Com- pany by the drift on the Monroe lode. For months the breast of the drift showed a mass of heavy black ore streaked with pure white quartz, running uniformly $12 to $20 per ton in gold. The ore was pronounced iron by the assayers. By the merest accident the management had a chemical assay made on the ore which resulted in the wonderful discov- ery that the company had opened up thousands of tons of gold molybde- nite ore, a rare metal, worth many hundred dollars per ton. At this writing the ore chute still continues in the breast of the drift. This ore body is eight feet wide, over one hundred feet in length to the pres- ent breast and how much farther it extends is a matter of future devel- cpment.
There are but two molybdenite mines in the United States, one in Maine and one at Crown Point, Washington, and this discovery is the the first one ever made in Colorado in commercial quantities. It is one
A permanent dividend gold stock is the greatest invest- ment in the world
42
THE GOLD FIELDS OF BOULDER COUNTY.
of unusual importance, the actual extent of which cannot be estimated until returns are had from a car load shipment which is now being made.
Molybdenite is used in the manufacture of molybdic acid and as an alloy or metal in the manufacture of the finest of tool steel, and its use is constantly widening and the demand so far exceeds the supply as to afford a ready market at a high price for the ore as fast as it can be produced. The management estimate that the company can output a car load of ore per week of a total value of $1,600 to $2,000 per car or $6,400 to $8,000 per month, figuring on a minimum production, and a price far under the market quotations.
At this writing our tunnel is in 800 feet well laid with track and water box to the breast, all constructed on water grade and well venti- lated with air shaft upraised to the surface, and represents an expendi- ture of ten thousand dollars. The tunnel is now penetrating rich string- ers of ore from the Arapahoe lode which foretells the greatest strike yet made by the tunnel, when it pierces through the vein in the next twenty feet. This will open the second great dyke traversing the company's property and the management now estimate that it will more than dou- ble the present capacity of the tunnel for ore production, now estimated at from 50 to 100 tons daily.
PLAN FOR FUTURE.
All energies are now being concentrated in the completion of the Klondyke tunnel into the "mother" lode or Fourth of July Dyke as fast as money and power can put it there. This is the last but greatest of the company's ore deposits. At the point where the tunnel will cut it, an ore body 20 feet wide now outcrops which runs $22.50 per ton in gold, silver and copper, and when this opened up at the 1,000 foot point the management predicts a strike which will make all of the other mar- velous discoveries on this property pale into insignificance.
The management now estimate that they can complete the tunnel by next September and open up not less than ten lodes and dykes at a depth of from 225 and 1100 feet with almost a mile of ground on each vein to drift on.
Anticipating the early completion of this tunnel as mapped out the company have placed their order for ten Little Wonder air rock drills, advertised in the back of this book, to drive by power the drifts on each' vein cut in the tunnel. The company will then be free to begin its ore production on a gigantic scale and it will be rolled out of the tunnel to wagons, to the railroad and to the smelters as fast as possible, and then will begin the permanent dividend period of the company.
43
THE GOLD FIELDS OF BOULDER COUNTY.
ECONOMIC CONDITIONS.
In our report to stockholders in December we outlined a plan to erect a concentration mill of 25 to 50 tons capacity. Since that time the wonderful discovery of molybdenite, the increase in gold values, the reduction of smelter rates to $4.00 per ton for both treatment and rail- road transportation, and the construction of the Colorado Northwestern Ry., to Eldora five miles distant from the portal of our tunnel, has rev- olutionized the plans originally laid out. It will now be possible to ship ore as low as $6.00 per ton at a profit, and, therefore mill and reduc- tion works will be a matter for the future, after the affairs of the com- pany have been placed on a dividend basis.
ECONOMIC MANAGEMENT OF COMPANY'S BUSINESS.
True to the promises of the projectors of this enterprise made in the beautiful prospectus of the Company, "Colorado Gold," the affairs of the company have been conducted with rigid economy. Notwith- standing the officers of this company are men of large affairs, whose time is valuable, they have devoted unlimited time in carrying on this great enterprise to a successful conclusion, without any compensation, and in many instances paying their own expenses. Edward Monroe, our President and General Manager, has devoted more than half of his time for the past eighteen months to the interests of the company. Mr. John R. Wolff, Secretary and Attorney for the company, has with painstaking care directed the legal affairs of the company in perfecting its titles and in directing correspondence.
So also all the directors and officers of this company have used their combined energies and judgment in obtaining for the company a maxi- mum of results with a minimum of expenditures in every department of its business.
All of the money raised for carrying on the business of this com- pany has been raised by the personal efforts and labor of officers and directors, Mr. John F. Rowell, our superintendent, having spent the greatest portion of his time on the road in the sale of treasury stock. This course has resulted in saving to our stockholders payment of large commissions and the expense of raising the money has been reduced to a minimum.
TT will go on a big producing basis this year. This is your last opportunity to secure an interest.
44
THE GOLD FIELDS OF BOULDER COUNTY.
HEN this offering is subscribed our treasury stock will be permanently withdrawn from the market
FINANCIAL CONDITIONS.
The; affairs of the company are in splendid condition. They have no preferred stock, no bonds, no debts, one thousand dollars in the treasury, many thousand dollars worth of treasury stock subscribed for. power plant in perfect running operation and properties patented or in process of patent.
TREASURY STOCK.
To carry on development work of driving tunnel, blocking out ore,. building automatic ore bins, roads, and other facilities for ore shipments, the company offer one hundred thousand shares of treasury stock at a nominal price of 15 cents per share for cash. The thousands of tons of ore now blocked out, the miles of veins to draw from, and the mar- velous developments to follow the completion of the Klondyke tunnel have removed any speculative feature from the stock offering of the company and reduced its affairs to a manufacturing basis. It is safer than a manufacturing business because the United States government will purchase the product of our gold ores. It will not do so with the manufacturer.
All of these features we offer to the investor as an absolute guaran- tee of the safety of his investment and of the absolute certainty of per- manent, and large returns for an indefinite period.
The millions upon millions of dollars lost to the investors in great industrial enterprises and the expose of swindling buccaneering methods of the votaries of finance in New York, by which the investor has been parted from many more millions. has convinced the wide awake investor that he takes less risk, and is assured of a thousand fold greater return, in a straight legitimate mining investment, than in any other class of stocks, and that a permanent dividend gold stock. is better than a gov- ernment bond.
Because of this condition we predict that this stock offering will be quickly taken when. we will withdraw treasury stock from the market with a reserve of 600,000 shares in the treasury, dividends. upon which will be divided pro rata among the stockholders. Persons who want to be assured of getting a part of this offering should write or telegraph their reservations of stock to
THE UNITED STATES GOLD CORPORATION Edward Monroe, President and General Manager.
Boulder, Colo.
The S. H. Supply Co.
Denver, Colo. The Machinery & Supply House of the West
TE carry a complete stock from the fol- lowing high grade manufacturers, and immediate shipment can be made from our stock of their products.
NAGLE ENGINE & BOILER WORKS, ERIE, PA.
Standard and high pressure Boilers of every description. Horizontal and vertical en- gines, slide valve and auto- matic. All sizes kept in stock up to 100 horse power. Corliss engines So to 300 horse power.
GOULD PUMP WORKS. SENECA FALLS, N. Y.
Power pumps for every pur- pose. Triples, Duplex and single electric mine pumps, outside packed, electric sink- ers, vertical triples, for pumping station, railroads, etc.
CHICAGO BELTING CO., CHICAGO, ILL.
Reliance Leather Belting.
CAMERON STEAM PUMP WORKS, NEW YORK.
Sinking, boiler feed and station pumps. All sizes in stock.
MECHANICAL RUBBER CO., CHICAGO.
Elephant and Bengal Rubber belting, suction, steam and water hose. Superior air and drill hose.
AMERICAN
COMPRESS-
OR CO., AURORA, ILL.
Simple steam and air, simple steam compound air, com- pound air and steam, air compressors.
STANDARD SCALE CO., PITTSBURG, PA.
The only scale manufacturers outside the Trust.
W TE issue a catalogue giving net prices on supplies of every description. Send for it. It will save you the trouble of figuring discounts.
THE S. H. SUPPLY CO.
.18th and Lawrence Sts., Denver, Colo.
JOHN R. WOLFF
I216 Pearl Street
ATTORNEY AND COUNSELLOR AT LAW
Boulder, Colo.
EDWARD MONROE
WHOLESALE AND RETAIL
Wall Paper
Merchant
1206 PEARL ST., BOULDER
ELMER G. EMBREE
Assayer
BUYER OF ORE
Phone 1151 Red
944 PEARL ST., BOULDER
WILSON & WEBBER
Real Estate Insurance Mines and Loans
The oldest agency in point of time in the City of Boulder, having been engaged in the business at 1236 Pearl street for over sixteen years. We have a large list of both improved and unimproved Boulder City prop- erty, and a great number of fine farms, and farm lands for Sale. Can arrange terms to suit purchaser.
ALWAYS READY TO SHOW PROPERTY WE SOLICIT CORRESPONDEN CE
WILSON & WEBBER
The Colorado & North- western Rd.
SWITZERLAND
THE SWI
TRAIL
OF AMERICA.
Challenges the World for Scenic Grandeur and Beauty
Serves the mining camps of Sa- lina, Wall Street, Ward, Sugar Loaf, Caribou and Eldora. Passes directly through the wonderful tungsten fields Through trains from Denver via Colorado & Southern Ry.
L. R. FORD, General Passenger Agent, Boulder, Colo.
OWE COPY RECEIVE MAY 15 1905
LITTLE WONDER AIR HAMMER ROCK DRILL
"The Original Air Hammer Drill Applied to Rock Mining **
The Little Wonder weighs but I8 pounds.
Can be operated in any place, con- sumes less than 25 cu. ft. of free air per minute.
READ THESE FACTS AND BE CONVINCED
Will put in more feet of holes per cubic foot of air consumed than any drill manufactured.
This machine is no experiment, its success is assured. Let us refer you to some of the users and they will tell you how they are saving money.
Write for catalogue and list of Colo- rado mines using Little Won- ders. Let us figure on your equip- ment.
The Hartshocg Wonder Drill Co. Ottumwa, Iowa
COLORADO DISTRIBUTING AGENCY, HARRY L. SINCLAIR, MANAGER, NO. 1744 BROADWAY, DENVER, COLO.
LOW RATES
VIA
UNION PACIFIC OVERLAND THE
ROUTE
During the summer exceptionally low round trip rates will be in effect from all points to Portland, San Francisco, Los Angeles and Denver, ac- count of the Lewis and Clark Exposition and the various conventions to be held at above points.
Choice of routes returning. . Liberal stop-overs allowed on through tickets at and west of Denver in both directions. Between San Francisco and Portland tickets may be purchased either via steamer or rail.
Stop-overs may be had on all classes of tickets at Ogden or Pocatello, which read to or from the Coast, for side trips to Yellowstone National Park, which can be made for $49.50.
The "OVERLAND LIMITED," the famous California train, runs every day and is the finest and fastest train between Chicago and San Francisco. It is composed entirely of Pullman Palace cars. Every car electric lighted. Composite Observation car.
Two other fast trains Daily with standard .and tourist Pullman sleepers.
For full information apply to Union Pacific agents or to,
J. C. Ferguson, General Agent Denver, Colo.
1
Treasury Stock
The United States Gold Corporation offers for public subscription 100,000 Shares of its full-paid, non-assess- able Treasury Stock, par value $1 per share, at the fol- lowing nominal prices and easy terms:
Partial Payments
$10 with subscription and $10 in seven equal payments secures. . 500 shares
$20 with subscription and $20 in seven equal payments secures. ... 1000 shares
$30 with subscription and $30 in seven equal payments secures .... 1500 shares
$40 with subscription and $40 in seven equal payments secures. 2000 shares
Larger amounts pro rata
Special Cash Price
$150 cash buys out- right 1000 shares
-
$225 cash buys out- right 1500 shares $300 cash buys out- right 2000 shares
$750 cash buys out- right 5000 shares
Larger amounts pro rata
A dividend of 10 per cent per annum will return annually on an investment in this stock at the above price, almost 70 per cent per annum
The Board of Directors of this corporation estimate that the pro- ceeds of the above offering will place its properties upon a large produc- ing basis long before the end of this year and completely finance this enterprise. Therefore when this offering is taken, the further sale of treasury stock will be absolutely withdrawn from the market.
The hundreds of inquiries for this book, as well as for information concerning this enterprise, since it was put in the hands of the printer, lead us to believe that this offering will be over-subscribed. There are only 100,000 shares to be sold at this price
If you want some of this offering you must get it quickly. If you want to be certain of it you should wire reservation subject to remit- tance, at our expense.
THE UNITED STATES GOLD CORPORATION
Per EDWARD MONROE, President BOULDER, COLO.
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