Pttffphlet Collection- D$ka University Lib**ry George Washington Flowers Memorial Collection DUKE UNIVERSITY LIBRARY ESTABLISHED BY THE FAMILY OF COLONEL FLOWERS COMPIvIMEKTO OF Tfie Nortlt Carolina Gold-mining and Bullion Go. NEW YORK CITY. FULTON & NASSAU STREETS. BENNETT BUILDING. THE NORTH CAROLINA Golfl-mining and Bullion Go FULTON and NASSAU STS., (BENNETT BUILDING.) NEW YORK. Capital, $2,000,000.00. STOCK, $10.00 Per Share (Non-Assessable). President, HON. ALONZO B. CORNELL, Ex-Governor of the State of New York. Secretary, Treasurer, A. ORNDORFF, ' JNO. F. PHILLIPS, Brooklyn, New York. New York. Board of "Directors. Hon. ALONZO B. CORNELL, JNO. F. PHILLIPS, L. H. PERLMAN, J. J. GUTZWILER, G. A. MOULTON, A. ORNDORFF. Attorneys. General. F. A. DOYLE, CHAS. N. CODDING, 98 Broadway, New York. 45 Wall St., New York. For North Carolina, Hon. JAS. MORRIS, Mayor of Marion, N. C. Superintendent of Mining, Fiscal Agents for North Carolina. C. G. VIELE, Salisbury, N. C. W. H. ROBERTS & CO. Bankers, Marion, N. C. Company's Properties. McDowell County, N. C. Uwharrie River, Randolph, Davidson and Montgomery Counties, N. C. Pamphlet Collection Duke University Library I MINING PROPERTIES OF THE North Carolina Gold Mining and Bullion Co. The Sensational Event of the Century in Mineral Discoveries. Millions of Treasure Within a Day's Ride of New York City. A Source of Wealth Untold. Almost Incredible Facts, Challenging the Attention of Mining* Experts. Our Properties.— The valuable mining properties of The North Carolina Gold- Mining and Bullion Company are situated in McDowell, Montgomery, and Kutherford counties, North Carolina. They consist of the Cooper tract, rich in gold ; the Taft prop- erty, into which two gold veins run, and which is rich in surface gold (both being di- rectly on Muddy Creek, from the lands adjoining which and the creek itself millions in gold and diamonds have already been taken), and twenty miles of the UWHARRIE RIVER, the bed of which (granted by the Governor and State of North Carolina) runs from one to ten dollars in gold to every cubic yard of sand and gravel (see Certificate of Assay from U. S. Mint at Charlotte, and those by Eicketts & Banks of New York, and by Stillwell & Gladding, assayers to the New York Produce Exchange, given below). The Bed of the River.— In the bed of the Uwharrie River we have one of the most remarkable gold properties in the United States to-day, for old miners and mining experts employed by us state that there is more pure gold in one mile of the bed of this river than has ever been taken out of the State. Over twenty millions in gold has thus far been taken out of the State. Report No. 2 on the Uwharrie River, This valuable deposit has been discovered in thel bed of the Uwharrie river from its mouth, where it; empties into the Yadkin river, for a distance of seven and three quarters miles- towards its source, compris- ing in all about one hundred and two acres covered! by the bed of the river, less four acres owned by otherj parties by deeds of land on the river border, where i the metes and bounds of the adjoining property run. to the center of the river. The title to the bed of thej river is received by a warrant in fee simple from! the State of North Carolina, and, as this river is not navigable, the opinion of eminent counsel in North] Carolina, to whom the matter was referred, is that the title from the State of North Carolina is con- clusive. The property, as stated, covers ninety-eight acres, and the average depth of gravel in the river is three feet three inches. One acre contains 5,135 cubic yards, and thus the ninety-eight acres contain over 500,000 cubic yards, or about 700,000 tons of gravel; which, computed by the value of gravel taken out recently from the bed of the river under rather unfavorable circumstances and after heavy rains, yielded at the rate of twenty-four dollars per ton, and' it is therefore computed that the value of the gravel on the entire ninety-eight acres is over sixteen million dol- lars in gold, while it is believed that in some places where the small streams, bearing rich gold, empty into the river the yield will be largely increased. * Since this report was made the Company has secured fourteen miles more, making its holdings over twenty miles of this immensely rich river bed. The Uwharrie river is only from fifty to one hun- dred yards wide, and in Summer, Autumn and part of the Winter can be forded, but it always has suffi- cient water for working purposes. The following assays of gravel taken from th e bed of the river were made by Messrs. Stillwell & Gladding, official assayers of the New York Prodnce Exchange, 55 Fulton st., New York : No. 1 0.25 oz. per ton of 2,000 lbs. No. 2 1.00 No. 3 2.25 ". " " Which, at $20 per ounce, gives an average of $24 to each ton. Recent assays from the United States Mint run much higher. (See accompanying certificate.) The following assays of the gravel were made by JProf. Ricketts, of the School of Mines, Columbia College, New York : No. 4 1.36 oz. per ton of 2,000 lbs. No. 5 46 No. 6 2.01 " (Concentrate 5 tons) or an average of about $11 per ton. The late Senator Hearst, Senator Spooner, and Mr. Hadley, vice-president of the Eau Claire, Wis., Na- tional Bank, purchased a few months since 800 acres of ]and adjoining this property at a large price, and have already commenced work upon it. The climate in this location is isothermal and ver healthy, and work can be carried on successfully for nearly all the year round. Samples of the gravel and map of the property can be seen by applying to the undersigned, CHARLES J. HARTMANN The Stock Very Valuable.— The stock of the Company, owing to rapid sales, the increase in value of the claims reserved by the Company, the influx of thous- ands of miners and others to this country, each contributing a percentage of profits to the revenues of the Company, will make our stock a magnificent investment. Stock bought at $10 now may in five years' time be worth from $500 to $5,000. So excellent is the showing thus far made that it will not be very long before not a single share of stock can be had. Bright Prospects of the Company.— Mining in this region has heretofore lacked both capital and system, and yet with even the crudest tools and most haphazard methods millions have been found. What then will be the result under proper work- ing and abundance of capital? Take the following example as an illustration, and it is not a solitary one by any means- PATIJfG JIINESt The Salt Lake Tribune furnishes the following in- teresting figures relating to the Ontario mine in Utah:. " Suppose a man had bought 1,000 shares of Ontario stock fourteen years ago, when he might have done so for $20,000. There have been paid on the stock 177 dividends of 50 cents per share in the fourteen years, equivalent to $88.50 per share, or $88,500 on 1,000 shares. Suppose he now sells the stock, as he can do, for $42,500, put the principal of the investment in his pocket, and add the remaining proceeds of the sale, namely, $22,500, to the dividends. He would have as the profits of the transaction, $109,000. If he put out his gains annually at 7 per cent, interest, he would have received in interest $13,255; total profits, $122,255, or $8,732 a year ; about 45 per cent, a year. But if he had not put the money at interest he would have realized nearly 40 per cent, per annum on his invest- ment. " It will thus be seen that the Ontario Stock is bet- ter than Government Bonds as an investment. The dividends are paid with equal regularity, and are ten times larger. " Anent this excellent showing of the Ontario is a refreshing incident in the early history of the Copper Queen. Gen. John A. Wiley bought that mine soon after it was located, for $8,000— one quarter for himself and the other three quarters for friends ; but through the negligence of the man to whom he in- trusted the details of purchase and payment of the money he lost the mine, as an agent of Flood & Mackay stepped in and gave the poor prospector a cool $100,000 and the retention of a one-eighth inter- est tor his claim, and L entered into an agreement with the millionaire to work the mine on a certain percent- age. The company was stocked for $12,000,000. So, you see, the General's one fourth interest would have stood him $3,000,000. The Copper Queen is still a great mine, while it is said that the agent who took the contract of working the same has pulled out as high as $60,000 in one month for his percentage. " A volume could be filled with such cases as these, but the two will serve as illustrations of what is going on in the mining camps of the West. It may not be inappropriate, however, to refer the reader to a just issued report of the director of the Mint on the pro- duction of the precious metal for the calendar year 1890. According to that authority, the gold product of the United States was 1,588,880 fine ounces of the value of $32,845,000, an increase of $45,000 over the product of the preceding year. The silver product of the mines approximated 64,000,000 oimces, corre- sponding at the average price of silver during the year to $57,225,000, and at the coining value of silver to $70,574,945. This is an increase of 4,500,000 fine ounces in the silver product of the country as com- pared with last year. The coinage executed during the last calendar year was the largest in the history of the mint service, aggregating 124,025,365 pieces, of the value of $160,054,883.84, of which 120,467,132 were gold and 138,043,005 silver dollars." Not only gold and precious stones, but other very valuable minerals are to be found here, and are susceptible of the most thorough develop- ment. Corundum, kaoline, plantinum,*lead, silver, and, above all, mica, the yield of which is nowj3om- 1 paratively scarce. How to Work the River Bed.— In order to work the bed of the Uwharrie, amongst the sand and gravel of which millions in gold lie hidden, it will be necessary to construct pile dams, carry water from the present channel by sluice-ways and canal, and pumping it dry, we have the rich gravel ready to wash and extract the gold. In some places the use will be necessary of both steam pumps and steam dredges on shallow log rafts. (See illustration next page.) This will take time, skilled labor and capital, but when once completed the results will be immensely valuable. It is in this vast bonanza that we are asking your aid, assistance and cooperation. It means wealth for us and wealth for you. As to what the resulting wealth is liable to be, read the following ex- tracts ; they are not fairy-tales, fancies or theories, but actual facts, already clearly demon- strated, for the work described has been done and the results have been obtained. Turning 1 a Big Sliver from its Course to Find Gold — A Great Work of River Engineering— The Enterprise Reward- ed by Rich Finds at Bed Rock— Specu- lators Picking up Mines in the Black Hills — A Good Deal of Prospecting^in New' Idaho Districts. San Francisco, September 27.— Success seems at last to have crowned one of the most gigantic min- ing enterprises ever undertaken in California. Dis- patches from Oroville say that the men at work in the Golden Gate and Golden Feather Mines in the bed of the Feather River in Butte County, which has been diverted from its course after many unsuc- cessful attempts to dam it, are now making enormous clean-ups. The gravel is literally sprinkled with gold. A large force of men are employed in moving the enormous beds of gravel and cleaning the bed rock of its gold. The exact amount that is being taken from the river bed is not made known to the public. It is the general belief, based \ipon well- known facts, that immense quantities of gold are being taken out. As usual in such cases, the man- agement prefers to keep the actual results secret. The mines are kept dry by enormous pumps, and DREDGING FOR GOLD GRAVEL ON RAFTS. MAJOR FRANK MCLAUGHLIN. elevators are kept running, while both day and night shifts are busy at work. The effect is striking at night when viewing the long line of electric lights, where but a few weeks ago a great river was flowing; by these lights the miners are enabled to do as much work during the night as during the day. The Feather River has the richest gold-bearing channel known in mining history in the early days of California. Oroville on its bank became the third town in California during the early gold-mining period. Its early output for years added many mil- lions to the circulating medium of the world. Where the river could be turned vast treasures were ob- tained. In its bed were the famous Sailor Cape, Whiterock and Union Cape mines. From Cape mine in a single day $36,000 was taken, and one bank of auriferous gravel yielded $936. Owing to the lack of organized capital, engineering skill, and the enor- mous difficulties to be encountered, some of the chest portions of the Feather River were left un- touched. This was the case with that strip now known as the Golden Gate mine. The attention of Major Frank McLaughlin was called to this rich river bed. He became interested, and prepared maps, plans, specifications and draw- ings of the river, and with these went to England, where two companies were by his efforts organized. Major McLaughlin was made resident manager of both mines, and for the past two years an immense amount of preparatory work has been done. The portion of Feather River sought to be worked was in a narrow canyon. To reach it roads had to be con- structed at large expense, buildings erected, and tools and machinery provided. A flume sixty feet wide and three thousand two hundred feet long was completed and the pumps were quickly rigged, but before the channel could be drained of its seepage water early and severe rains set in, the river became a raging torrent, and the dam crumbled to pieces in the flood, the flume washed away, and the whole labor for the season was irretrievably lost. The company, nothing daunted, set to work the following spring and a second dam was built, and every precaution was taken to make it stand during the winter. The estimated cost of this work was over $1,200,000. Everything now being shipshape, there is nothing to prevent the speedy consummation of the great enterprise.— From N. Y. Sun, Sept. 28, 1890. SIX HUNDRED THOUSAND DOLLARS IN FORT Y-TW O DAYS. From Lock on Practical Gold Mining, London, 1889, p. 203. « Essleston describes a plan adopted on the Feather River in Butte County, Cali- fornia, on the Cape claims. 'Two wing* dams were constructed across the river; all the water across the first dam was carried by a large flume to the lower one, and the water between the two dams was pumped out by wheels run by the cur- rent in the flume. The gravel on the river bed was washed in sluices, and during forty-two days yielded $680,000. Only one third the ground had then been washed out. 9 »* 4 METHOD OF DRYING UP BED OF A RICH GOLD STREAM BY SLUICING AND PUMPING. Very Rich Gravel. — The sand and gravel in the bed of our twenty miles of river runs from two dollars to three hundred dollars per cubic yard. It has been clearly demonstrated again and again that gravel yielding only twenty cents per cubic yard can be worked at a profit. (See " Practical Treatise on Hydraulic Mining," by Aug. T. Bowie, Jr., Mining Engineer, New York, 1889, and Flock, "Practical Gold Mining," London, 1890.) Imagine, then, the immense wealth to be had by gravel running from ten dollars to one thousand dollars per cubic yard, as does that from the bed of our river. A Veritable Bonanza. — We have here a mammoth bonanza, and we invite you to share in it. Do not delay too long if you want to buy stock at its present price, for there will be a hundred applicants for every share that will be sold. Pearls Found. — Incidentally we might mention that pearls have been found in the bed of this river, and a plant to work them, if further investigation proves that they are abundant, may prove another source of large profit. Results of Present Work. — Reports received from our superintendent and force of men are of the most favorable character. Samples of gold scales and dust, pearls and gold concentrates sent forward by him may be seen at our offices. Our own work, report of assays, etc., simply serve to confirm the reports of experts who visited the ground before the property was purchased. The River a Receptacle for Gold.— By consulting the map in the front of this book you will see how the Uwharrie River drains the richest gold district of the State ; how it is daily becoming richer by tailings from the other mines above and on its tributaries, by the decay of the rock's above, by frost, thawing, freezing, rain, and tides, which constantly bring gold down from the placers and veins on the mountain sides, for the river is practically shut in by mountains. It is a well-known fact that about twenty per cent, of gold escapes from all mines in their process of stamping, crush- 5 Gem milling in this section is still in its infancy, but growing steadily, and many new discoveries are being made. The finding of a real diamond at D5> sart- ville, McDowell county, in 1886, and the large quan- tities of aqua-marine lately found near Little River church, Alexander county* was a surprise to the most sanguine. This should clear away any lingering doubts in the minds of some as to the existence of valuable gems in North America.— From the States- ville Landmark. ing, washing, etc-, and flows away with the water to settle and be deposited in the sand and bed of the river below. Thus, if a mine works one million dollars in gold in a year they lose one fifth of it in the water they use, or two hundred thousand dollars. There are some fifteen or twenty mines on the Uwharrie or its small tributary streams, the fine gold from which is constantly washed down and settling in the bed of our river. Besides this the land is rich. Cotton, corn, sweet potatoes, melons, grapes, peaches, and other crops are abundant ; rich beds of marble are found, beautiful timber, includ- ing mahogany, and some of the best and easiest mined building and paving stones. Truly, Nature has spread wealth of every kind, mineral and vegetable, besides health and strength for weary minds, tired bodies, and sore and aching lungs, with the most bountiful hand. Here is a chance for both fortune and health, and he who delays misses the chance of a lifetime. Such a chance may never occur again, and our offer, which is so liberal, is being responded to with the utmost activity, and will not long remain open. Immense Possibilities of this Property.— Remember the value of these gold and gem fields is but just becoming known, and there are immense possibilities for both actual work and speculation. On some of our Free Claims gold and valuable gems both have and will be found, and everywhere gold is to be seen and worked. In this con- nection let us quote from Dr. J. B. Stephenson, of Statesville, an authority on gems, etc. : Although many years of my life have been spent in collecting this section, I am unable to estimate what future and more thorough examination may develop. Where the surface "finds" have been so rich and interesting, no one would venture to predict what underground work, might develop. There is a vast territory yet unexplored. The many difficulties which formerly confronted the explorer have been in a great mea'sure overcome, and to-day he would find it a pleasant pastime, with every chance of mak- ing his work profitable. Corrobative Proof. — Regarding the value of our properties, or the truth of any of the statements made herein, write, with stamp, to any of the following gentlemen: W. H. Roberts, of W. H. Roberts & Co., Bankers Marion, N. C. Hon. Jos. Morris, Mayor of Marion, N. C. John J. Stevens, Real Estate Marion, N. C. A. B. Price, Esq., County Clerk Marion, N. C. Editor ''Salisbury Watchman" Salisbury, N. C. Chas. G. Viele. . . . . Salisbury, N. C. Wm Carter, Nails, N. C. Nelson Russell Nails, N. C. James Cotton Nails, N. C. J. E. Saunders, Sheriff of Montgomery Co., N. C. J. P. Harper Troy, N. C. John P. Beaman Troy, N. C. L. M. Russell, Treasurer of Eldorado Co Eldorado', N. C. Jesse Morris and W. W. Davis , Eldorado, N. C. W. G. Smith, Road Com. and Justice of the Peace. . Eldorado, N. C. E. F. David and W. H. Mitchell Eldorado, N. C. Marion Banking and Industrial Co of Marion, N. C. These gentlemen are directly on the ground and know what has been and what is toeing done, and many of them are purchasers of our stock. If residents of the district who know all the facts regarding the vast riches on our properties purchase stock in our Company it is a pretty fair indication of its value and future prospects. We state these facts and make these references in order to satisfy any inquirer that there is nothing of the "wild-cat scheme" order about our offer of stock to the public. We need large capital to properly work and develop our mines, and the public is cheerfully subscribing it, but every shareholder will benefit a hundred fold by every dollar he invests. Incidentally we would say that every mail brings us orders for stock from persons residing in Montana, Idaho, Colorado, California, and Wyoming, who, being well versed in mining matters, and knowing of the fortunes already made in even less promising fields, are prompt and heavy investors in our stock. 6 If, as our mining experts report, there are sixteen million dollars in gold in the first seven miles of the Uwharrie River, then, indeed, we have a fortune fit for kings at our very hands, and you can share it with us. Sworn Opinions as to the Eichness of our Properties. W. Henry Roberts, Wm. McD. Burgin, John J. Stevens, G. G. Neal, President. 1st Vice-President. Secretary. Treasurer. MARION BANKING AND INDUSTRIAL CO. CAPITAL, $1,500,000.00. Marion, N. C, Oct. 17, 1891. North Carolina Gold-Mining and Bullion Co., 17 Wall Street, New York City: Gentlemen: The property just purchased hy you, known as the "Cooper," Taylor or Butler tract, is a piece of well-known gold property, lying on South Muddy Creek — that famous gold bearing " district " — and in securing this piece of property you have a "good thing." Gold has been found, and is still being found and worked by natives in a crude way. Yours very truly, W. HENRY ROBERTS. FROM SHERIFF OF THE COUNTY. Troy, Montgomery Co., N. C, Oct. 15, 1891. North Carolina Gold-Mining and Bullion Co., New York City: Dear Sirs: I understand that you have bought the bed of the Uwharrie river, in this county, and pro- pose to work it. Please send me your prospectus, if your company is an open one. I have lived in the Uwharrie river district for fifteen years, and during that time have bought thousands of dollars' worth of gold that I know came from close to the river. During my term of office as Sheriff of Montgomery County, I have often had people in the neighborhood of the river pay me their state, county and school tax in gold dust. I have faith in your enterprise, and may take some stock. J. E. SAUNDERS, ex-Sheriff Montgomery County. FROM AN OLD MINER. I hereby testify that from many years' experience as a practical miner that I believe the bed of the Uwharrie river to be rich in gold, and that when it is worked many places will be found that will be worth hundreds of dollars per cubic yard. His J. P. X HARPER. Mark. Sworn to and subscribed before me, this the 16th day of October, 1891. W. G. SMITH, Justice of the Peace. [Seal.l FROM A PROMINENT RESIDENT OF THE DISTRICT. Troy, Montgomery County, N. C, October 17, 1891. North Carolina Gold-Mining and Bullion Co., New York City: Dear Sirs: Inclosed please find $100.00 for which please send me ten shares of the stock of the North Carolina Gold-Mining and Bullion Co. I know nothing of your property in McDowell County, but I do- know something about the Uwharrie river, in this county, and believe you have a bonanza. I know posi- tively that there has been hundreds of thousands of dollars' worth of gold taken out from tne neighbor- hood of your property, and I am satisfied you have the cream of this whole district. Please send the stock at once, and oblige, Respectfully, JOHN A. BEAMAN. FROM THE COUNTY TREASURER. Eldorado P. O., Montgomery County, N. C, 1891. North Carolina Gold-Mining and Bullion Co., New York: Dear Sirs : — I have received your letter of inquiry asking for a " candid expression " of my opinion of the Uwharrie river section in general and the bed of the Uwharrie river in particular, from a gold produc- ing standpoint. I take pleasure in replying that from a personal knowledge gained by thirty-four years' residence in the district, and some practical experience in the management of these mines, that I have no hesitancy in saying that this is the "Eldorado" (land of gold) in fact as well as in name, of the whole southern states. The only means I have of judging of the richness of the bed of the Uwharrie river is from the natural lay of the country. It is paralleled on each side for many miles by hills whose slopes ad- jacent to it are all gold producing, and it would be strange that if in the washing down of these slopes for centuries a large anaount of gold had not been deposited in its bed. I have often heard the old miners here, who I consider good judges of the country in which they have worked all their lives, express a wish that they had the capital and could work the bed of the river. Respectfully, L..M. RUSSELL, ex-Treas. of Montgomery County. FROM A PRACTICAL MINER. This is to certify that I am a practical miner, having worked in the Uwharrie river neighborhood for gold twenty-five years. I think myself capable of judging, and do not hesitate to say that I believe the bed of the Uwharrie river to be rich in gold. His JESS jxj MORRIS. Mark. Sworn to and subscribed before me, this the 16th day of October, 1891. W. G. SMITH, J. P. [Seal.] 7 OPINIONS OF EXPERTS AS TO THE VALUE OF THE NORTH CAROLINA COLD FIELDS. The discoveries of Gold and precious stones in western North Carolina amongst the mountains, in the valleys and the small streams that traverse them would seem almost like tales from fairyland were they not attested by thousands of inhabitants, newspapers that have sent their reporters there, competent mining engineers, geolo- gists and scientists. Also, and perhaps even more convincing, are the cold, unvarnished facts that the ignorant and half-wild mount- aineers do their trading with the country stores in virgin gold in nuggets and dust ; that large jewelry firms, such as Tiffany & Company, have purchased diamonds found in this region, and that large nuggets and valuable deposits are almost weekly being discovered. Should there still be any doubt in any one's mind as to the richness of these new gold fields reference to the last official re- port of the State Geologist of North Carolina will forever set them at rest. But even better than this is the fact that a trip to these fields will soon convince any unbe- liever of the facts we claim. The North Carolina Gold-Mining and Bullion Company was organized and incor- porated for the purchase and development of the vast mineral wealth of this region, and it promises to be one of the most suc- cessful companies that the history of gold mining has ever known. The Company owns and controls land in McDowell County on Muddy Creek, and in Muddy Creek Valley, from which with even the crudest and most primitive methods of mining, over eleven million dollars in gold has already been taken, and where there are now in successful operation twenty-two large mines, with stamps, drills, crushers, amalgamators, etc., running day and night, and controlled, several of them, by English capital. The Company also owns a magnificent property in Davidson, Montgomery and Randolph Counties, viz. : A State 'Grant (from Governor and State of North Caro- lina) of twenty miles of the bed and shores of the Uwharrie River, from its source to its adit into the Yadkin River. On small streams emptying into the Uwharrie are located seventeen gold mines in active operation, some running day and night and paying handsome dividends. This most valuable property was purchased by the Company under a guarantee that every cubic yard of sand and gravel in its bed, etc., would, with ordinary placer mining (pan and shovel) produce from one dollar to five dollars in virgin gold. Besides this every rain and every flood brings down more gold from the mountains to enrich its gravel, and the mines on the small tributary streams are constantly washing down "tail- ings " containing wasted gold worth thous- ands of dollars. (See accompanving map.) Of this property Prof. CHARLES G. MANN, of Highpoint, North Carolina, pro- bably the most capable, conservative and careful mining engineer in the State, writes in his report on the Hodge Tract : " Another New York party has acquired valuable min- ing ground close by in McDowell County and 18 miles of sluicing ground on the banks of the Uwharrie River, in Randolph County, where I once sluiced out one ounce of fine gold (950) in eight hours' time. AVith great pleasure I see North Carolina coming to the front with capital and improved means to do justice to her immense mineral treasures." To resume briefly regarding McDowell County in which part of our land is located : SOME PERTINENT FACTS. There are twenty-two Gold Mines in this County, the ore from which assays from $50 to $180 pure gold. Two of these mines alone have yielded FIVE AND ONE-HALF MILLIONS DOLLARS IN GOLD (Russell and Copp s Hill). There are eighteen known existing Diamonds found recently in Muddy Creek Valley alone. The largest {5)4 carats^ is owned by Col. Henry C. Dem- ing, of Harrisburg. He has a collection of miscellaneous gems picked up in same county, worth several thousand dollars. Garnets are found in large quantities. A rare form of Granite, for building stone, striped like a leopard's skin and called " leopardite," is also found there. Prof. Albert Free found, near Rattle- snake Den, within a radius of one hun- dred feet, seven of the rarest gems. A man named Smalley iwho owned the land) and three others took FORTY THOUSAND DOLLARS in gold from the edge of a swamp in 30 days' time. Precious Stones have repeatedly been found in the crops of chickens and tur- keys. The following gems and metals have already been found in this County : 8 "Diamonds, Rubies, Garnets, Sapphires, Beryl, Moonstone, Jasper, Zincorn, Sil- ver, Copper, Gold, Platinum, Lead, Iron, Mica, and Kaolin, besides 56 other va- rieties of rare minerals and gems. Most of these valuable deposits are upon the surface or near it, so that ex- pensive tools, machinery, etc., will not be needed except in special instances. Salisbury, N. C, Aug. 10, '91. To the North Carolina Gold-Mining and Bul- lion Co., New York City. Dear Sirs : In reply to yours of the 7th I would state: The Uwharrie district com- prises a belt from one to three miles in width, lying on each side of the Uwharrie Eiver and on the slopes of the Uwharrie Mountains, in Montgomery and Randolph Counties, and extending twenty miles north- ward from the mouth of that river. Mining was carried on here on a vigorous scale as early as 1825, and has been carried on without interruption, in a crude way, ever since. There is no way of estimating the amount of gold taken from the district, as most of it has been done by a mixed lot of tributers and no account ever been kept, but that an immense amount has been taken out is evi- dent from the work that has been done. The bed of every creek and branch in the lower half of this district, and most of the hollows, have been worked out thoroughly, and after standing for a few years they were, in some cases, worked again, and this con- tinued for a half dozen times, each time the parties finding that it paid them well. This is accounted for from the fact that it being a mountainous country the rains are con- stantly washing the surface dirt into the streams, and the gold being disseminated through it by the breaking down of veins, is deposited in the beds of the streams, mak- ing them in some cases extremely rich. _ Of late years a great many deposits on the sides of hills have been discovered and worked and the returns of some of them are most fabulous. For instance : The Sanders' find, where, with nothing but the shovel, pan and rocker, a half bushel of gold was taken out in a month's time by the native miners. Another instance, more recent, was of two parties taking out a peck of gold in a week's time, working only a few hours at night. The gold is so widely disseminated throughout this district that almost any of the land owners will tell you that if you can find a panful of dirt anywhere on their land that does not show gold they will give you fifty acres. Senator Hearst, one of the most successful mining men of the country, visited the district only a few months before his death, and was so well pleased that he bought a large territory, intending to go into hydraulicing on an extensive scale. The gold is mostly coarse, a great many pieces having been found weighing over a pound. In the upper part of this district the gold is found in place, generally in siliceous schists, and a number of English companies, quick to take hold of anything good, are now operating stamp mills, 130 stamps hav- ing been erected in the past few years with- in one mile of the river. Respectfully, G. G. VlELE. I send by this mail a copy ot "Ores of North Carolina," the latest geological work we have. I have marked paragraphs on pages 248, 325 and 327, and ask you to look at the large map in it. See map accompany- ing this book. You will see by the note on map that A means gold mines, and if you will look at the Uwharrie River (marked around with leadpencil) you will see what a number they have placed near it. Sources from Whicti to Drtiw Profits. First. — The working of valuable ore and gem deposits, pockets and placers on the Company's property. Second. — Apercentage of the gross value of all valuable discoveries made by workers of Free Claims. Third.— The turning of the Uwharrie River from its bed and exposing and gathering the millions in gold now there. Fourth.— The erection and operation of quartz crushers, electric drills, and separators, furnaces, forges, houses, stores, etc., etc., on its property. Fifth.— The percentage paid by claim-holders for assaying, smelting, separating, refin- ing, and marketing gold and jewels mined on claims. Sixth.— The sale or working of tenth claims reserved by the Company, and which will become more and more valuable with each discovery of ore, nuggets, or jewels, by adjoining claim-holders. Seventh.— Profits from co-operative store for sale of food, clothing, mining tools, aiad utensils, etc., etc. 9 PECULIAR ADVANTAGES. The stock of the Company should not only earn gratifying dividends, but ought to increase rapidly in market value with the working of FREE CLAIMS, new dis- coveries, and the development of the Com- pany's properties. Besides this, the occupant of any Min- ing Right or Claim (a Plat of valuable Mineral Land), which each Stockholder may acquire, stands the chance of dis- covering on his Right or Claim a fortune of from Five Hundred Dollars to One Hundred Thousand Dollars, a percent- age of ten per cent, going to the Com- pany. Free Mining Claims. — Any pur- chaser of stock acquires the privilege or right of occupancy of a Free Mining Claim, to be selected by such purchaser, or his or her legal representative. The claim may be acquired absolutely FREE, there being no charge for it or its lease in any way or shape. The holder of a mining claim may work it himself or employ others to work it for him, or simply hold it for speculation. Each shareholder whose claim yields over five hundred dollars in gold or gems must bind himself or herself to pay to the company ten per cent, of its value for the benefit of general share- holders. Thus, if John Jones or Richard Roe, for example, find a gold nugget or gem on their claim worth two thousand dollars, they must, as soon as sold, pay the company ten per cent, of its gross value, or two hundred dollars, which money will be credited to the earnings of the Company. The company owns nearly twenty miles of this valuable property, and it is estimat- ed by experts that five miles of it properly worked ought to yield a dividend of five- hundred per cent. The richness of the Uwharrie River is inexhaustible, because every rain storm and the decay of rock, etc., on the moun- tain sides bring down fresh deposits of gold, besides the rich tailings constant- ly washing down from the ravines above. With the present prospects of develop- ment and increase in value, and the pur- chase of additional valuable mineral land and mines in this section, stock that is now selling for $10, will be worth $500 or $1,000. Remember that the number of shares to be sold and the time for selling them is lim- ited, and if you want to come in at the bottom price you must not delay. GRANTS FROM THE STATE. This property is ours in perpetu- ity, being under grants from the State of North Carolina, and is daily growing richer by the constant decay of gold-bearing rocks and the washing down of gold from the hillsides. We shall profit by our riches in double measure. Our miners will steadily and regularly wash out the golden grains by cradle and hydraulic machinery, and some of our active stockholders will be working their claims and sections, bringing their families South and adding to the pop- ulation and prosperity of this district. THE TOWN OF MARION. Near both our properties are beautiful and progressive towns, in which lots and houses can be purchased at most reasonable figures. Marion, in McDowell County, is a beautiful town by reason of its location and natural advantages, almost a peer of the celebrated Asheville, the great- est health resort in the South, and near which is Vanderbilt's magnificent winter estate, 2,600 feet above the sea, Nestling almost in the clouds, with mountain streams of crystal clearness, tumbling waterfalls, beautiful rides and drives, air fragrant with the breath of the balsamic fir and pine, it is a most beautiful spot. It is indeed an ideal home, a perfect health resort, and with an abundance of rich farming land. Besides this there is magnificent hunting and fish- ing, and it is only thirty hours' ride from New York. This is very aptly named "THE LAND OF THE SKY," and every turn reminds you of Mrs. Craddock's stories of the Bald Knob and the Great Smoking Mountains. SALISBURY, N. C, Situated in Randolph County, and lying nearest to our Uhwarrie River property, is a handsome town, filled with hospitable and active citizens, bright and active busi- ness men, public officers of exceptional ability and integrity, and some of the hand- somest ladies in the South. Both of these growing towns are situated on the Richmond and Danville railroad, running through trains daily from New York, and with elegant Pullman cars. Sur- rounded by the richest and most fertile farming land, beautiful and valuable tim- ber, and within easy distance of some of the richest gold fields of the world, it has a prosperous and active future before it. 10 At Charlotte may be seen the old Government mint and assay house of stone, built expressly for the gold from Southern mines, and for many years run exclusively for that purpose. The North Carolina Gold-Mining and Bullion Company owns nearly every foot of the celebrated IJhwarrie River from its source to where it empties into the Yadkin River. Reference to the maps in this book will give an idea of the immense value of this property. Indeed, there is enough gold hidden in its sands and gravel to build the city of Philadelphia of gold bricks. And it is constantly increasing day by day and hour by hour. Best of all it is mostly upon the surface, making it easily and readily accessible, without expensive machinery or deep mining. It is in this grand property that each shareholder participates, and from which with us he will reap a golden harvest of wealth. Besides this are the valuable properties in McDowell County, in which county more precious metals and rare gems have been found than in any other county in the United States. THE CHANCE OF A LIFE-TIME. Indeed, we believe we are offering you the chance of a life-time, an opportunity to make a fortune not unlike in many partic- ulars the wealth of Mackay, O'Brien and Flood, in California, who now count it by the millions, where once they had nothing. Indeed, some of our richest mining million- aires were once common day laborers. The same rapid rise to fortune from small beginnings and fortunate investments may be cited of our oil princes, the Flaglers (Standard Oil Company), and our sugar kings, Havemeyer and Spreckles. SAVE YOUR MONEY. Save your money and invest it in new lands and new but reliable enterprises. A few dollars saved each week or month and properly invested now may make you a rich and prosperous man in the future. It is hard to save money, but it pays. We are wont nowadays to consider luxuries as necessaries, and to spend money foolishly that might be steadily making you a fortune. This is indeed the chance of a life-time. More marvelous than the Arabian Nights and Aladdin's Lamp, or the Philosopher's Stone. Owingto favorable weather claims can be worked the year round. WHY THESE GOLD-FIELDS HAVE BEEN NEGLECTED. Had it not been for the gold fever in Cali- fornia in '49, and then the war, free slaves and consequent inactivity in the South, these fields (Western North Carolina) would by this time have yielded many millions of gold and gems. Samples of all forms of gold taken from these fields, weights, assay qual- ity, purity, percentage, etc. , as also many rare gems and minerals, besides diamonds, are on exhibition at our offices. The public can benefit.— We prefer to have a thousand small stockholders and claim-owners rather than five or ten large ones. We thus get active friends and co- workers in every part of the country, hasten the development of the mineral resources of our property, and thus enrich ourselves and our shareholders as well. Most of the large mining lands and rich mines, even in this region, are owned by syndicates of a few wealthy men, whose profits are enormous. We want thousands of working men, strong, able-bodied and self-reliant, clerks, small capitalists, etc. There is scarcely a man who can not lay the foundation of a fortune by purchasing one share of stock, and many can purchase ten and twenty snares. Every share pur- chased means another mining claim given away, and on which one is liable to find diamonds, a gold vein, and even a nugget of pure gold, as witness the following recent cases quoted from the Financial and Mining Record of New York. NORTH CAROLINA. Caky. — On the farm of E. A. Yates, two miles south of this place, gold has been dis- covered. Upon an analysis being made it was found not to be pure gold but gold pyrites, and it is estimated to be worth $70,000 a hundred feet. The rock in which the mineral is imbedded extends across Mr. Yates' farm and is several hundred feet in width. It is estimated that the cost of min- ing it will be between $10,000 and $15,000 per hundred feet. Not having sufficient capital to develop the property it is stated that the owner will dispose of it. Asheville. — A specimen of corrundum weighing over 100 lbs., and which is far the finest specimen ever discovered in this State is on exhibition in this city. The firm of Jenks & Jenks is collecting from the various corrundum mines of North Carolina a full line of samples which will be properly marked and exhibited at the World's Fair at Chicago. 11 ELEVEN-POUND GOLD NUGGET. " Troy, North Carolina.— Nelson Russell, while prospecting on a gold-bearing vein on the Bunnell Mountain property, found a gold nugget weighing eleven pounds, two thirds of which was pure gold . It was found imbedded in a flint quartz vein about twenty feet from the surface. Mr. Russell and P. C. Sanders have control of this property, and are preparing to push developments. This is said to be the largest gold nugget of which there is any record, that was ever found in this region. The TJwharrie section of this county, which includes the spot where this nugget was found, is coming to the front as a gold producing region. In a strip of coun- try extending not more than ten miles in length and two miles in width, with the TJwharrie River running through the cen- tre. Not less than $500,000 have been taken out in the last fifteen months by the natives, with only the crudest kind of washing ma- chinery, such as the hand rocker and pan. "Burke County. —There are now five gold mines in operation in this county ; one of them, at Brindletown, has been in active operation for nearly a century. "Davidson County.— The superintendent of the Silver Valley mines reports the recent discovery of probably the richest deposit of silver ore ever found in the South. It is a large vein of carbonate of lead carrying 70 to 100 ounces of silver and 30 per cent, of lead to a ton of ore. "Jackson County.— There are valuable deposits of nickel ore found in this county that equal any in Sudbury, Canada, and are only excelled by the New Caledonian de- posits. This N. C. ore assays 11 to 32 per cent, in metallic nickel. The deposits are near Webster, four miles from the Western N. C. Railroad. The mine is said to have an inexhaustible deposit of chromic iron, analyzing about 55 per cent, of chromic ore. " Oxford. — It is reported that Pennsylva- nia capitalists have purchased land in Gran- ville county and contemplate the developing of copper mines in this vicinity. " Greensboro. — A gold mine has just been discovered within ten miles of this place, which is yielding the finest specimen of quartz gold. The shaft has been sunk eight- een feet, and a vein several feet thick has been struck. "Albemarle. — A lump of pure gold, weighing 11 ounces, without any gravel or dirt about it, was found a few feet below the surface at the Hearn and Hathcock mine near this place recently. "Pittsboro. — For many years gold has been obtained in the section of Chatham county in the vicinity of Moncure. A shaft has been recently sunk about twelve feet deep on the farm of B. G. Womble, and some rich ore has been taken out. A party of capitalists have leased this property, and will thoroughly test it." Shares cheap now, immensely valuable later. — This is indeed the chance of a life- time, and, unprecedented as the offer seems, it is not without its parallel in the actual facts of the history of gold mining. NEWSPAPER AND OTHER EXTRACTS. Names of Persons who Have Found Diamonds and other Cems in North Carolina. Names. Where Found. Dr. F. M. Stephenson, . . . Brindletown Creek, N. C. Prof. Geo. W. Fetherstonebaugh . . . Same district. Gen. Thos. L. Clingman,* . D. J. Twitty's Mine, N. C. C. Leventhorpe, Placer Mine, Rutherford County, N. C. Dr. C. L. Hunter Patterson, N. C. No name, one very handsome, pure white, and one black diamond of large size (size of chestnut), Todd's Branch, N. C. Prof. Genth, two fine stones, Portis Mine, Franklin County, N. C. Will Chrystie, 25 stones, four and one half carats, mentioned by Kunze, Tiffany's expert in Gems and Precious Stones, N. Y., 1890. Sent to Tiffany & Co. Dysortville, Muddy Creek, N. C. * Full description by Prof. Chas. M. Shepherd, in American Journal of Science, vol. 2. p. 253. Professor Shepherd and Pr<