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A Very Strong Indorsement

A Very Strong Indorsement image
Parent Issue
Day
31
Month
October
Year
1902
Copyright
Public Domain
OCR Text

By Western Trade Journal of Chicago.

It Says the Crescent Gold Mining Co. Is One of the Best Investments In the Market.

An editorial taken from the Western Trade Journal, of Oct. 21, 1902, indorses in strong terms The Crescent Gold Mining Co., of Ann Arbor, Mich.

"One of the most straightforward business-like, clean-cut propositions which it has been our privilege to examine is that of the Crescent Gold Mining Company. Scarcely a day passes that The Western Trade Journal is not asked if it considers various mining stocks offered for sale an "investment." We have almost without exception replied that no securities based on mining can properly be considered an "investment." This, however, referred to the securities usually issued by mining companies. In the securities of the Crescent Gold Mining Company a radical departure has been made from the general line of mining stock and securities. This company offers to conservative investors something better than oil stock, better than copper stock, better than trust stock. This is the stock of the Crescent Gold Mining Company, which was formed three years ago by its present officers and a few financial men, who acquired its properties and began development work on a large scale in order to thoroughly prove the extension and formation of its ore bodies. Over $25,000 have been spent in this work. As a result, the stock now for the last time offered for public subscription has back of it an aggregation of great mines, all ready to yield their treasure, with a net work of tunnels and a full outfit of mining utensils and cars, and there is only needed an immediate outlay for water power, electric drills and ore crushers in order to begin shipments of concentrates to the smelter.

The Crescent Gold Mining Company, the stock of which is selling now for 35 cents per share, is a splendid investment. You will not be able to get stock at these prices for but a short time. It is the best opportunity of your life. There is ore enough already mined and blocked out to make you many times safe in your investment. Here there is safety assured you, with a grand probability of the great cross cut tunnel or main roadway into the mines cutting into fabulous riches, so say all the experts and mining engineers who have examined the properties. Mining experts say: "The company will find more rich ore in Crescent and Trenton hills than can be mined in fifty years. The White Galina ore they have encountered can never be exhausted. The bottom of such ore has never been reached. Great bodies of this kind of ore are cropping into the main tunnel, showing assays as high as $100 to the ton." The ore cannot be mined to advantage until the water power and electric drills are installed; ore crushers must also be erected. Stock is being sold to meet these expenses, and as soon as enough has been sold to cover the cost, no more will be offered at any price.

The special attention of business men and conservative investors is called to this opportunity. The company would like its proposition looked into carefully by men who are able to invest capital in an enterprise meeting with their approval. At the same time orders will be filled on blocks from fifty shares up. As soon as the plant is working, handsome dividends will be paid. The ore supplies are vast and easily treated. The ore already blocked out and exposed, ready to be shipped, runs into millions. It far more than covers, dollar for dollar, the entire capitalization of the company, to say nothing of the unlimited supplies that are embodied in the other veins and of necessity must increase in quality and quantity the deeper the ore bodies are followed.

After having developed the property to a point where there is no guess work or gambling as to the output and profits--after having reduced the proposition to a mathematical certainty--the company now offers its last stock for the purpose of putting the finishing stone into the great structure. We feel that this security can fairly be regarded and safely classed as an "investment." The provisions of this shock as regards investors and their interests are fair and liberal to the utmost degree, and if the precedent that this company has created in this connection could be generally established and followed, it would mark an era in this line of investment that would soon bring about universal confidence in mining shares and securities.

It is an almost daily occurrence with The Western Trade Journal to encounter mining propositions whose only object seems to be to obtain as much cash as possible from the public through the sail of stock, having little or no consideration for the interests of those who put their money into the enterprise. The Crescent Gold Mining Company, and those behind it, are not doing business on this basis. The proposition is one that can be safely depended upon as offering investors an opportunity of not only being thoroughly safeguarded in the investment of their funds, but it also offers an exceptional opportunity for their equally sharing in the surplus of the company. The fact that something substantial is behind the enterprise, together with the character of the officers and directors, which include gentlemen prominently identified with some of the largest and strongest financial institutions of their locality, is sufficient to insure that the promises and predictions made regarding the stock of the company will be strictly carried out. 

The properties of the company and the entire proposition have received the strongest possible indorsement from some of the most prominent mining engineers and mine owners, men of large experience who have examined and are familiar with mining properties in different parts of the country, and whose standing and reputation justify the fullest confidence in any enterprise or proposition which they indorse. Since it becomes our duty, as a true exponent of the interests of investors to analyze, frequently criticize, and often condemn, mining enterprises, it is a pleasure to set forth in these columns the prominent features of and to recommend an enterprise such as the Crescent Gold Mining Company, based as it is on sound business principles that afford protection alike to the promoter and investor. For any information not made plain by this free and unsolicited editorial, write the Crescent Gold Mining Company, 112 East Huron street, Ann Arbor, Mich., and be assured in advance of a prompt and courteous reply.