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44 N. BROADWAY.
LEXINGTON. — - KY.

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 state College at Lexington, Ky,

Starting upon a new career of prosperity in 1L
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Opens Sept. 13th. 1882. Full course of Instruction
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Present Ce? tLfieate
ARCHITECTS.

 

| Total to date,

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film ammfl/Q/sf ./71 fl/L/ JJZJZEL L/Z /{‘//l’L »- fi////( ’62:; €27” j
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 THE EASTDIAN AND BILL SHORT MENES
0F CULURABG,

S. l’. Vanters, President of the First Natioiiul link oil’tichniond, Ky., havin:
le'Cll selected hy certain citizens t)fRi(:l1.'111111:i to \ii-it 11nd (‘xmnint’ 'l‘he Bds’i'llllll Mid
Thu llill Short mines, belonging to Wiiltrd Davis and :1;:-v:;r;~' particnl :r,
1 would not have invested it dollar in them, however gtrnl the prmpecl of snot-e.“

Very Respectfully,
S. P. ‘tVr'tLTERS.

.l’. S. l herewitn submit :t statement of, E. ll. l’re-mtt, l’rtwidont and (low: _.
Manager oi snid'coinpnnies. Tlie.«'t:tten1e11tl believe to he true, .1;! l hm“ nu ' .
Lincy 111 euyingddmt i believe that the dividend will he mid 11s stntwd 1n the resolution

w . , _, V ' S. P. \VALTERS.
CERTIFICATE OF DR. M. C. HEATH, OF RICHMOND, KY., AND DEL S. \V.
’ WlLLIS, OF PINE GROVE, CLARK 00., Ky.
' ' DENVER, (10110., July 28‘, 1892.

We, the underdgncd, state that Wt) did in person, 11nd in t‘ttlll})“!ly with 5‘. l’.
Walters, examine The Enstnruntund Bill Short. mining pr :1 1'?1e-<,':111d dift ‘rlilfll‘ii - '
the :nnztvs made in the cump by J. S. hm}, nnd hy ilurli 7 1119 Ifliitit‘, at Dt-nvrr, :
we iullv.c11dorse all that Mr. '_\V:1,ltcr.°v :rtates in hi:1 rtrport.

r , , , , M. -’_‘. HEATH,
‘ 5. W. WILLIS.

 

 (2)
STATEMENT OF E. B. PRESCOTT, GENERAL MANAGER.
TOMICHI, Com, July 29, 1882.

PRODUCE OF THE BILL SHORT GROUP OF MINES.

As soon as a tramway is up and running, 120 tons every 24 hours, worth at less
$30 per ton in amount; total $3,600. I make no mention of the first-class cre. Thit
is based entirely on second-class ore only. Further developments will increase the
product of these mines.

PRODUCT OF THE EASTMAN GRUOP OF MINES.

I estimate as follows, per day of 24 hours:
Sleeping Pet . . . . . . . . . $1,400
Little Minnie ...... . . . . .. . 130
Grey Copper. . . .. . . . 65
Amount brought down—
Bill Short. . . . ....... . . . . . . . . . . . . .. . . . . .. 3,600

Total. . . . . . $5,195
Expense of running both propertie . . . . . . . . . . . . 205

$4.990

To enable us to carry out this. we need a tramway from The Bill Short Mines to
our Concentrating Works. A mill of a capacity of120 tons of ore every 24 hours- is now
being built. We hope to have both completed and running by September 15th probably.
I may state the time short, but with everything favorable or seemingly so, I think not.
I think the tramway will cost from $17,000 to $25,000 This tramway will save in cost
of handling this ore per day, over and above the least possible figures it would cost to
move it with teams, $80 per day, and soon as running, costs only $6 per day. No rain
or snow will in any way prevent the running of the tramway. Regarding our facilities
for getting our ores to market, I have to say, our nearest station is Sargents, on the
D. dz R. G. R. R., 14 miles from Tomichi, and a good wagon road. A station named
Woodstock, on the Denver and South Park R. R., is only four and a half miles from
this camp, but as yet no wagon road connecting us with it is built, but the County
Commissioners have ordered one built. and that within ninety days. This road when
built will give us good access to the best market for our ores. The result of a
few moments‘ talk with Mr. Myers, Division Superintendent of the Denver and Rio
Grande Railroad was, that as soon as he could give the matter attention, I
should meet him at Sargents and visit our camp With the view of building a branch
road from Sargents to this point. The road he promises to build on a guarantee of fifty
tons per day. I told him that as soon as we were in running shape (I mean the tram-
way to move the ore and the mill to concentrate it), we could give them more than that
ourselves. This road can be built at very lit‘le cost, as the grade is very easy and the
use of a little judgment will confirm any one in the belief that that road will as a neces-
sity be built. In my judgment the road will not have a better paying branch. I have
carefully estimated the amount of ore that we have actually now taken out ready for
transportation to the concentrating works, and will state. that in my judgment we have
now on the dump at the Montgomery mine 1,000 tons of ore running from $30 to$55 per ton
and are now taking out every twenty-four hours from twenty to thirty tons of such ore
per day. We have at the Legal Tender mine several tons of low grade are ready for
the tramway. We also have at the Red Cloud ore suitable for the mill, all of which
Will be put into money as soon as trans rtation from mines to mill is provided.
have been asked at how much I won d value the property. My reply is this : I
should be disappointed if both these properties are not worth par inside of three years
with good and careful management. The mineral is here and of good grade. What is
needed is to take it out at a profit. I think as soon as our facilities for handling our ores

 

_ (3)
are completed, we can take out dollars for lessthan twenty-five cents. In closing will
my, I .- take Wlllll reputation I have on the above statement and above my signature.
Very truly yours,
E. B. PRESCOTT,
President and General lilanoger.

Osman: OF BILL SHORT GOLD AND SILVER MINING 00., or COLORADO.
ToMIUHI, COLO., July 25, 1882.
The Board of Directors met pursuant to call of the President.

On motion of \Nillard Davis, it was resolved that a dividend of four per cent. on
the par value Ol all stock sold be declared‘on‘ the first day of- January, 1883, and three
per cent. on the par value of said stock every ninety days thereafter, for the full period
of five years. . '

. Second, Resolved, that Willard Davis, the Secretary of this Company, be author
ized to sell not exceeding ten thousand shares Of the reserved stock at not less than six
dollars per share, the proceeds of which are to be used in the building of concentration
Works, tramways and other machinery and appliances, necessary to the further devel-
opment and operation of the mines of this Company.
'WILLAHD DAVIS, E. B. PRESCOTT,
Sending]. President.

Onnrcn OF THE EASTMAN GOLD AND SILVER. MINING 00., OF COLORADO.
TOMICHI, COL0., July 25, 1882.
171.6 Board of Directors met pursuant to call of the President.
On motion of Willard Davis, it was resolved that a dividend Of four per cent. on

the par value of alllstock sold be declared on the first day of January, 1883, and three
per cent. on the par value Of said stock every ninety days thereafter.

Second, Resolved, that Willard Davis, the Secretary of this Company, be author-
ized to sell not exceeding ten thousand shares of the reserved stock at not less than six
dollars per share, the proceeds of which are to be used in the building of concentration
works, tramways and other machinery and appliances, necessary to the further devel-
opment and operation of the mines of this Company.

WILLARD DAVIS, E. B. PRESCOTT,
Secretary. Pros-idem.

"I'HE EASTMAN MINES.

Reporthf Examination by R. H. JOHNS, of Leadville, Colorado.

OFFICE OF GRANT SMELTING COMPANY, }

p . LEADVILLE, COL, May 26th, 1882.

WILLARD DAVIS, Esq,
'i‘oi’EliA, KANSAS.

Dear Sir :——In a conversation with you a few weeks ago, you asked me, “What I
knew about the Eastman group of mines in Tomichi district, this State’;” and having
been employed by my uncle (Mr. J. P, Harley) last September to examine and report
on said group, as he was negotiating with the Owners for the purchase of the property,

 

 (4)

I will give you the result of that examination, feeling more than a common interest in
its exactness. I do not remember of telling you in that communication that I am not
a mining expert, or a graduate from any school of mines, but I will tell you so now.
My knowledge of mining is based upon the practical part. of it, of over eighteen years
of hard service in its various branches in California, Idaho, Montana and Nevada, and
I do not hesitate in submitting this to your careful consideration, feeling very confident
you will find the property better than is herein claimed for it.

The group consists of seven claims, tc—wit: The Sleeping Pet, The Grey Copper,
The Little Minnie, The Mammoth, The Topeka, The Silver Gem and The Eastman——
all of which are ll‘ll( fissure veins, in granite formation, solid wall rock, and what is
called in mining parlance “at home.” That is: there are no seams or crevices in the
wall rock, making it flaky or shelly, lut solid and firm, leaving no doubt about its
being the primitive rock. The Sleeping Pet has a vein a little over four feet wide, and

’at a depth of seventy feet assayed one hundred and eighteen dollars and thirty-two
cen s ($118.32) to the ton, taking the whole vein in tter betwen the walls. A part of
the vein (about 10 inches in width) would assay from $1,600 to $1,720 in gold and
silver I gathered some pieces from the dump that they had thrown aside as worthless,
that assayed over $400 to the ton, and the blast that I helped to put in threw out tome
splendid ore, one piece in particular assaying a little over $2,700 to the ion. This of
course was a speCimen assay, and cuts a small figure in the examination of a mine ;
yet there was about 10 inches of the vein that contained that character of ore. I
believe the whole vein Will run from $120 to $150 to the ton, and increase in richness
as depth is obtained. I brought up one hund‘ed prvunils of ore, including the whole
vein matter of this ledge, made a mill run of it, which made a. shouting of $127.40 to
the ton. and I was told by the best of authority, that. the vein was getting larger and
richer as they went down—the silver decreasing, and gold increasing, which is charac—
teristic of every vein in the district that has been developed. The Grey Copper is
another splendid lo le and a continuation of the Sleeping Pet. At the time I examined
this property the tunnel was run in on the vein 32 feet, exposing a vein nearly 12 feet
wide, and making a. mill run of $42.00 of the entire lodge matter. I selected specimens
from this vein that assayed $1,060 and $1,132 to the ton. When taking into considera-
tion the size of the vein (nearly 12 feet) the entire ledge milling $42.00, we can easily
see there is more money in it than a small vein that is much richer, for there is no
waste to the former. while there is but little ore to the latter. The Grey Copper in my
opinion is equally as good a ledge as The Pet, and with the same development will
expose a much larger vein, and equally as rich. The Little Minnie was undeveloped
at that time except a shaft sunk about 10 feet on the ledge which showed a three feet
vein, the ore bearing an exact resemblance to that, of The Pet. at that depth, and
assayed about the same. The Topeka is more developed than The Minnie, shows a
vein of nearly four feet that assays very well, and promises very well. The Mammoth
lies near The Pet, and at a depth of 26 feet showed a true fissure, full five feet wide,
with only one wall rock, and the same character of ore and formation as The Pet. I
only made one assay from this ledge, on account of the diflicuity in obtaining ore, there
being so much water in the shaft. The rock was taken from the face of the ledge, with-
out regard to selection, and showed 42 ounces silver and 1 ounce gold, amounting to
about. $67.00. The Silver Gem i—i developed with a tunnel running in on the ledge of
over four feet in width and assayed from $80 to $400 to the ton. The ore in this vein pre-
dominates in gold, and resembles very closely the gold bearing ore of the celebrated
Yellow Jacket mine of Nevada, being;r porous and of a dark yellow color. The East-
man is also deVeloped with a tunnel 22 feet on the ledge, showing a vein of two feet,
and being in close proximity to The Gem. contains the same gold bearing ore as The
Gem There is no doubt in my mind from the character of the ore, wall rock, and
general formation, that the two ledges. are identical, and only require a little develop-
ment to make them first-class properties. The group taken as a whole, is the finest I
have ever seen, for every claim has paying mineral in sight, and so situated that the
advantages for working could scarcely be improved. 1 presume you know as well as
myself that the property has been badly managed, for it is in the hands of parties Who

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have for years been addicted to dissipation, and these habits have fastened upon them
so strongly that they are wholly unreliable. Had it not. been for this, Mr. Harley
would have purchased the property last Siptember, but could never get them sober long
enough to complete the bargain. In my judgment it is splendid property, and if prop-
erly managed will yield an immense amount of money. If the property was located in
this district, I am very certain I could sell it inside of twenty-four hours for $500,000
on its present showing. Just look at the Lewiston ledge, which is an extension of the
Sleeping Pet, on the west. hast Spring this property was offered for $6,000 and could
have been bought for $5,000, while The Pet was held for 3310.000. The two shaft
houses, one on The LeWiston the other on The Pet, are only 16 feet apart, both on the
same vein. Mr. Fields, the owner of the Lewiston, is a sober, industrioue, energetic
man. He has taken out over $30,000 clear of all expen—es since l‘lHl. July, and has a
standing ofi'er to-day of one hundred and thirty thousand ($130,000) dollars for the
mine. The Sleeping Pet and Grey Copper are just as good—all are the same vein,
having even better facilities for working than the Lewiston, and ought to-day to be far
better developed, but have been under different management. I candidly believe that
The Pet and Gray Copper can be brought to the same standard as The Lewiston in
sixty days with two shifts of four men each. [This was in September; since then the
Pet has been brought not only to the standard of The Lewiston but is better developed
and has better machinery for taking out the ore—DAVIS] Mr. Fields was no miner,
but acted under the advi