350 



HOME AND FLOWERS 



The cost of mining and milling this ore, 

 making an ample allowance for develop- 

 ment, wear and tear on machinery, admin- 

 istration and incidental expenses, may be 

 conservatively taken at $2.50 per ton, 

 which, on 739,500 tons, gives a total of 

 $1,848,750. This deducted from $6,971,- 

 160 gross value of the ore, gives $5,122,410 

 available for dividends, or over 146 per 

 cent on the entire capital stock of the 

 company at par. But the price of the stock 

 is only 40 cents per share (par $1.00) and 

 the earnings will, therefore, amount to 

 over 365 per cent on the investment. 



With a milling capacity of 500 tons per 

 day it would take 1,479 days, or a little less 

 than 5 years of 300 working days per year, 

 to work out this amount of ground. In 

 other words, you would receive back your 

 entire capital more than three and a half 

 times over in a little less than 5 years and 

 still have the stock representing your orig- 

 inal investment, but having a market value 

 of over three times what you paid for it. 



What savings bank can show anything 

 lijke this return on your money? 

 I In the foregoing calculation it must be 

 borne in mind that I have only dealt with 

 about l-7th of the length of the property 

 owned by the company and have not taken 

 into consideration any of the ore which 

 is known to exist below the deep level tun- 

 nel iior any of the cross veins upon the 

 property, of which there are a number, 



nor have I taken into consideration the 

 fact that when the deep level tunnel gets 

 in beyond the present workings the amount 

 of ore above will be more than twice as 

 much, as the tunnel will attain a depth 

 of about 3,000 feet below the crest of the 

 mountain. You can readily see, therefore, 

 that instead of having only 739,500 tons 

 of ore there is many times this amount, 

 and instead of receiving only 365 per cent 

 on your investment you are likely to re- 

 ceive over four times this amount. In other 

 words, I think, from my intimate knowl- 

 edge of the property and my many years' 

 practical experience as a mining engineer, 

 that the Ethel Consolidated Mines will 

 rival the famous Anaconda mine at Butte, 

 Mont., and, like it, have a record of over 

 $22,000,000 paid out in dividends. 



All this will, of course, take time. Mines 

 are not developed in a day. But in the 

 course of the next few years you will see 

 the Ethel take its place among the most 

 important mines of the country and its 

 stock worth several times par. No savings 

 Bank that I have ever heard of can give 

 you a proposition one-tenth part as good 

 as this enterprise. 



Trusting that the foregoing will put the 

 matter more clearly before you, and hoping 

 that you will not hesitate to ask for any 

 further information you may desire, I am. 



Sincerely yours, 

 (Signed.) Newton W. Emmens, E. M. 



REMEMBER— A PRODUCING MINE 



40 CLAIMS.— 800 Acres. Claims contiguous, ex- 

 tending over 4 miles on Mother Lode veins of 

 famous Index Mining District, "Washington. 



SO-TON-MILL- n©w heing run day and night, earn- 

 ing large profits. Concentrates assay from 

 $120 to $274 per ton. 



DIVIDENDS begin in April at 12 per cent on par 

 value of stock. 



DEVELOPMENT.— 3,000 feet of tunnels and up- 

 raises have blocked out 75,000 tons of ore worth 

 $675,000o Deep level tunnel being driven 4 

 miles on main vein will, in first 2,500 feet, open 

 up 700,000 tons, worth $6,300,000. 



1412^50 Williamson Building, 



Address 



500-TON MILL Mill will.be enlarged to 500 tons 



capacity, a smelter built, and deep level tunnel 

 pushed to completion as rapidly as possible. 



TREASURY STOCK.— To provide funds for the 

 prosecution of this work the company offers 

 the first issue of its Cumulative Preferred 

 Treasury Stock at 40c per share, par $1.00, full 

 paid and non-assessable. At this price it will 

 pay investors 30 per cent. 



These statements can be substantiated. This 

 is not a mining scheme, but a safe,' legitimate in- 

 vestment. It is worth investigating. It will 

 stand it. If interested, send for Experts' Reports, 

 Illustrated Book and Maps. Sent free. 



GEO. B. McMANAMON, 



Cleveland, Ohio. 



GEO. B. McMANAMON, 



1412-50 Williamson Bldg., Cleveland, Ohio. 

 Dear Sir:— Send me Experts' Eeports, Illustrated Book and Maps descriptive of Ethel Con- 

 solidated Mine, advertised in Home and Flowers. 



Name - - 



Address -- — 



