Image provided by: University of Nebraska-Lincoln Libraries, Lincoln, NE
About The courier. (Lincoln, Neb.) 1894-1903 | View Entire Issue (July 5, 1902)
r mmmmlrmlmmmmmmMmmmmmlmmmmmmmmmmmlZilllllllllillllllllllll VOL. XVIII, NO. XXVI LINCOLN, NEBRASKA, SATURDAY, JULY 5, 1902. ESTABLISHED IN 1SSG RICHES LURK IN EARTH'S EMBRACE, HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHfl This picture shows a view of the Manila company's shaft, with hoarding house and B. & M. rail way In the valley. This valley Is most beautiful and will be the location of the new town site. It Is a good thing to own a bit of stock in a gold mine. It is better of course to own the whole thing, but whe you can't do that even a small chunk of stock is a source of comfort and a balm for a worried soul. You don't have to fret about marketing your product. There Is never a fear about stagnation in the business. An eager, grasping market not only waits, it struggles for every ounce you can furnish. Nothing ever operates to drag down the price. Most people are so willing to have a gold mine that they would traverse the earth to get it. Situation would cut no figure. "With perfect assurance that they could have gold they would set out for the farmost pojnt of Alas ka with nothing warmer on their backs than shirt waists. And a good many of them would go, as everybody knows, on rumor and chance, spending for the privilege every last penny on the prem ises. Somehow there is an enchant ment about getting oft! to these far gold fields and little assurance is necessary to start th procession. Everyone thinks that because of the remoteness of the region only a few will be apt to go and the result is that hundreds track each other through the snows, over the ice and the mountains, into the frigid zone. Rich as avarice, right here at Ne braska's back door, are gold mines that need only the furtherance of capi tal for the building of Immense for tunes. They are in the Black Hills. Surely not very far distant. Pictures que in every mile they are rich, not only in mineral waters, climatic and scenic attractions, but in all the pre cious metals. Eyes, soul, heart, bodj, bank account, all are encompassed in the qualities and qualifications, of the Hills. And the greatest sought is the substance that goes to make up the bank account. It is gold, gold, gold! Famed the world over is the Home stake mine, the center of a group of thirty-five mines that pay heavy divi dends, with many others springing into prominence. These mines occupy a strip of country sixty miles long by fif teen wide, the whole thing tilled with lodes of rich mineral. One of the very richest of these advancing mining properties Is that of the Manila Gold Mining & Milling Co., a concern which is developing remarkable prospects and In which many Nebraska people are vitally Interested. Hardly anywhere in the world Is there to be found a richer belt than in the Black Hills, of which the Manila property Is nearly the cen ter. The company has a perfect title to 520 acres of ground, unincumbered, and with it is a mile and a half of Elk creek. This Is ail in Lawrence county, S. D., and this creek Is one of its larg est streams, furnishing water in plen tiful supply all the year. Thus there is no question of doubt with regard to the power facilities of the company all the year round. Railroad facilities are also ns good and sufficient as anybody could wish. The property Is crossed by the Bur lington and ample switches have been provided. Not far distant Is Lead City. Alongside Is the "Clover Leaf" or "Uncle Sam" mine. Justly famed both east and west. It turns out gold every month to the value of over $73,000. The last of its stock sold at $1-5 n share. Even some of the richest mines have started out poorly. Four years ago the stock of this company was offered In Lincoln and seemed a drug on the mar ket, at twenty-five cents per share. The geological formation of this and the Manila property Is not appreciably different, with the exception that the latter shows greater botlles of gold bearing quartz on the surface than does any part of the Clover Leaf prop erty. A shaft was sunk at the east end of the Manila. At a depth of thirty , t feet a general sample of the whole was. 1? I HI MS) til - ' ! X IJLI ' ! II ! -. taken with a gold average of $6.30 a ton. This is $2 a ton better than that of the Homestake mine, which has gained world wide fame as a dividend payer. Hardly more than a year has passed since the reorganization of the com pany. This was done under the laws of South Dakota, with the capital stock divided Into a million shares, each of a par value of $1. It Is fully paid and non-assessable. The owners, however, have placed In the treasury $230,000 shares for sale In the Interests of further development. The board of directors Is to determine at what rate these shall sell and all the proceeds are to be used to Increase the produc tive power of the mines. None of the officers and none of the men connected with the administration are receiving a salary, the money from the sale of mmmW '3AWmmmmmmmmmmmmm wtmmmmmmmmmm' - iJtjMmmmmW&Bmmmmmmmm This view shows the waterj of Elk creek, on the Manila property, just above the mill site, which, by a fall of sixty feet, will afford ample power for the heaviest machinery for all time to come.
