46 



HOME AND FLOWERS 



COMMENCEMENT OF DEEP LEVEL TUNNEL 



A PURELY BUSINESS UNDERTAKING. 



The Ethel Consolidated Mines is alto- 

 gether outside the category of mining 

 ventures. It is a prodncing property with 

 assets in excess of its capital stock. It is 

 earning dividends toda}^, and distribution 

 of these dividends will begin in Aprils 

 1903. The ability of the company to pay 

 twelve per cent on the par valne of its 

 stock is being demonstrated every day by 

 the actual net earnings of the mill. Inves- 

 tors are not tying up their money for an 

 indefinite period when they buy this stock. 

 These shares will provide a sure and stead- 

 ily increasing income to those who are 

 fortunate enough to own them. The com- 

 pany welcomes the strictest investigation 

 of its* claims and of the standing of its 

 officers and trustees. More complete infor- 

 mation about the property, equipment, etc., 

 will be found in the illustrated book, ex- 

 perts' reports and maps, which we will 

 gladly send on request to any one inter- 

 ested. Send at once so as to secure some 

 of the early issues of the treasury stock. 



Manv companies owning but two claims 

 are capitalized at $1,000,000. The Ethel 

 Consolidated Klines has forty Mining 

 Claims and its capital is only $3,500,000. 



Altogether aside from its mineral re- 



sources it has as an asset over 25,000,00( 

 feet of merchantable timber worth at leas 

 $1,000,000. 



It has nearly 100 miners now employed 

 and this number will soon be increased. 



Dividends will begin in April, 1903, a 

 twelve per cent per annum on par value o 

 stock. As soon as mill is enlarged to 65( 

 tons, and smelter built, they will be in 

 creased in corresponding ratio. 



I do not ask any one to invest thei: 

 money on the strength of the statement 

 contained in this advertisement. Sen( 

 for the illustrated l^ook, maps, and experts 

 reports. They contain full informatioi 

 about the properties. Write to any Ban] 

 or Trust Company in Xew Castle, Pa., o 

 to the Washington Xational Bank of Se 

 attle, Washington, and ask them about th- 

 properties and what they know of tb 

 Trustees. 



(Xote.) Stock costing forty cents pe 

 share will yield purchasers thirty per cen 

 on their investment. 



GEO. B. McMANAMON, 



Agent for the sale of Treasury Stock. 

 Offices: 1412-50 Williamson- Building 

 Cleveland, 0. 

 Phone, Main 150. 



