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<br />' ` ~ I hnvc had estimates made on the construction of the tramway and the mill, and am ready to let con-
<br />k. ~ ~ ~'. tenets for both with ns little delay ns possible, now that we nee assured of nn early supply of ore.
<br />i p ~ In addition to the Aenriottn vein tnevtioned, another vein, called the Orloff, hoe been discovered and
<br />III ~ { j ~ cross-cut over twenty feet without finding the other wall, showing it to be a vein of great width, the select
<br />qty. ores running over 950.00 per ton, and I shall be surprised if this is not as profltnble a vein ns the Henrietta.
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<br />i S The course of this Orlofff vain is through about half a mile in length of The I{endrick and Gelder Smelt•
<br />~, ~ ~t-_, ing contpnny's property and through nearly three-quarters of n mile in length of The Oliver Reduction com-
<br />I pony's property.
<br />- The big lend vein mentioned in the Henrietta, of over one hundred feet in width of milling material,
<br />has been further developed both from No. 7 level and from adjoiniug mines, such ¢s the Galena Queen and
<br />the Hercules, Erma a half to three-quarters of ^ mile distant, showing that it is not a blow-out but a power-
<br />ful, strong vein with hundreds of thousands of tons of milling ore.
<br />The course of this big lead vein is directly through the property of The Oliver Reduction company for
<br />upwards of three-quarters of a mile in length.
<br />Lesser veins have been encountered in the development work, so I have no hesitancy in pushing the con-
<br />struction of the Crnmtaay and ibe mill and endorsing the enterprise more strongly than ever, and do this
<br />after months of additional investigation.
<br />At the Anna D. Extension group, belonging to The Oliver Reduction company, ]Dented in Picayuno
<br />Gulch, development is being pushed by a cross-cut tunnel in n vet;y large vein, ore from u•hicb, sent to The
<br />l~endrick and Gelder smelter at Sih•etton, gave returns of 934.00 and 938.00 per ton. The development is
<br />blocking out large bodies of ore.
<br />Some of the 1¢rgest and richest producing mines, litre the Sunnyside and the Golden Fleece, are in Pic-
<br />n}'une Gulch, or ¢djoining.
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<br />1n Burrows Parlc, the sent of 1be new and rich discoveries which ore causing the most excitement
<br />~,,,,,-., in the San Juan country, The Oliver Reduction company owns one-half interest in four properties nearby
<br />,..,..~,
<br />and nd,joining the Isolde, which ie shipping ore, the high grade going from 9G,000 to 92G,000 a carload, and
<br />1 ~ n•e hnvc identical or~in nppem•ance-in otv properties, but ne •yet not running high.
<br />1Ve hnvc not. pushed the sole of the treasury stoc]< of The Oliver Ilednetion company an account o4 the
<br />rleln,y in finding the Henrietta vein through No. 7, but now that we hove the vein and the ore, wo will offer
<br />the balance of the first allotment of stock at the original price of 50c per shm•q which can be paid for in
<br />rneb and the stock delivered nb once, m• in four monthly pnvments of one-fourth down and one-fourth each
<br />thirty days until paid fm•. As soon ne this balance is sold the price of rho stock will bo largely increased ae
<br />I feel, ae do the other directors, that n' the prceont time the stock should sell nt double this price, or more,
<br />from its dividend-corning capacity.
<br />Tho Oliver Roduction company is in the position of n ]m•ge manufneturing enterprise whore they havo
<br />prnniicnlly nn unlimited amount of row material that can he worked nt n liberal praflt, that will pay large
<br />qunrtm•lp dividends, and hoe nn additional prospective value of many times the par vulne from the dovelop-
<br />meat of its mines of precious metals. Our company bas the ndvmrtnge over the overage manufacturing com-
<br />pony ns its product is always in demand. ~°'".~~ ~•~~`-"~~ ~ ~ -~~~ ~ ~ ~ ~ ~
<br />All etockholdare or prospective investm•e nro invited t:n visit and inveetignto tho property for thomeelvos,
<br />and we ero confident tlmt amb and ovm•,y ono will any that 6he proposition is ]urger and more interesting
<br />and valuable than we have claimed for it. Respectfully Yours,
<br />.....,.,.,..-.:~._~;_,.,..i.•.~,,._~-.,..,.~.,..,...~...,.,.. GPORGP'OLIVLR,
<br />T fully ngreo with the sbovo statement, Preaidont of Thn Oliver Reduction Oampany.
<br />WILL7AM OT.TVP:Tt.
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