DSPACE7
Phil Lind Klondike Gold Rush collection
Yukon Basin Gold Dredging Company
Promotional booklet from the Yukon Basin Gold Dredging Company to potential investors. Covers topics such as recent operation reports, dredging technology, and a brief history of gold mining in the Yukon.
36 pages : illustrations, maps
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toZzl C YUKON BASIN GOLD DREEDCGING CO..— yCF: AN INTERNATIONAL ASSOCIATION Incorporated Under the Laws of the United States of America Registered—Ottawa, Dominion of Canada. Properties Stewart River, Yukon Territory, Northwestern Canada. CAPITALIZATION, $20,000,000. TWENTY MILLION SHARES, PAR VALUE ONE DOLLAR EACH. — TREASURY STOCK, 10,000,000 SHARES. NON.—ASSESSABLE—NO STOCKHOLDERS: LIABILITY. NO BONDS—NO PREFERRED STOCK Address all Correspondence to the United States Agency, YUKON BASIN GOLD DREDGING CO. 102 Scarritt Building, — — KANSAS CITY, MO. H.« F. WORTH PTG, CO., K. C. MO OFFICERS AND DIRECTORS Attention is directed to the personnel of the management of the Yukon Basin Gold Dredging Company, and we invite the most searching investigation as to their records and standing in the community. These men have been selected entirely upon the basis of their ability, sterling integrity and past and present achievements, and it will be an easy matter for any investor to satisfy him— self in regard to the character and personal worth of each and every one of them. OFEICERS : PRESIDENT—William Ogilvie. VICB FRESIDPENN__las. E. Batchelo~. SEeEREIARY AND IREASUREK —C. Y. Clawsoun. DIRECTORS : WILLIAM OGILVIE, Ex—Governor Yukon Territory, Ottawa, Canada. JAS. P BATCEHIEEOR, Ires. Cofton. belt Lnmber Co.. Gansas CUity, Mo. BE RIC MARDSON. Secy. and Iteas: Ransas City Stoclk Yards Co. THOMAS B. ELINT, Clerk House of Commons, Ottawa, Canada. @EHXRELLE AH CLOUSTON, Gen 5. W. ~Agent W. t Poaoken Cocoa and @hocolate, St. Lonis, Mo. BENJAMIN B. RALPH, Pres. the Ralph Sanitarium, Kansas City, Mo. WILLIAM GAMBLE, General Barrister and Counselor, Ottawa, Can. COUNSEL : SHANNON C. DOUGLASS, Kansas City, Mo. WILELIAM GAMBLE, Ottawa, Canada. REFERENCES : BANEK OF OTTAWA, Ottawa, Canada. NATIONAL EANE OB UHE REPUECEIC. Gansas City, Mo. DANIBEIE MATEEYSCON, Civilt Engeineer, Dawson Ofty. v. f. ROEEKI! HENDERSON, Asst Cov. Mimng Engin—em Pawsou City, Y. I. To the Investor In offering to the public this opportunity to join with us in an enterprise of such pro— portions and extraordinary promise we have exercised the most serupulous care to give the exact facts in the case and to in— clude nothing which might either by in— ference or otherwise tend to mislead. It has been our aim to aid the investor in every possible way by making available to him the required information and by plac— ing in his hands the data which he on his part will easily be able to verify, thereby satisfying himself fully as to the truthful— ness of all our assertions. It is just this sort of investigation which renders an in— vestment safe, sound and conservative. We would ask the intending investor to sit down and read the facts contained in this booklet in exactly the same spirit as if sitting in our office and talking this pro— position over with us. We feel sure that any man or woman of discriminating business insight will then become convinced regard— ing our enthusiasm over this great plan and organization. We are simply seeking your co—operation on an even basis and re— lying on your good judgment and sound common sense to join in this big company, share and share alike, to perfect what we believe to be the greatest money—making possibility offered the public today. Without competent business sagacity, coupled with honesty of purpose, no enter— prise, however ambitious and promising, can achieve success. A full investigation of the character and executive ability of the men at the head of this undertaking will suggest itself to every investor. The men comprising our Board of Directors are men of affairs, who through their own efforts have achieved success in a marked degree. They include prominent and suc— cessful bankers, manufacturers and pro— fessional men, occupying high positions of trust in the financial and commercial world. They have been weighed in the balance, and they have not been found wanting by those who have trusted them; and the reputa— tions thus earned they will continue to maintain in the conduct of the present en— terprise. In the Yukon Basin Gold Dredging Com— pany we believe you are offered a golden opportunity. Our plan involves the united efforts of a large number of stockholders to accomplish such results, and even greater results, as have been demonstrated by the best of the great gold—dredging pro— positions. Within a year‘s time this enter— prise should stand second to none for its vast possibilities and enormous resources of wealth. This Company is first of all a great business corporation and not a min— ing scheme; and we believe that a careful reading of the following pages will con— vince you: First, that the Company is in safe hands; : Second, that its property and plans are such as to promise unusual and extraordin— ary profits on the investment. Yurox Basinx Gounp Drepvarna Co. By William Ogilvie, President. OGILVIE. GOVv. a Vast Magnitude of Our Enterprisé In the narrow compass of a prospectus all cannot be told of a projected enterprise. But this much can be told and must be told plainly and directly to enlist the attention and the confidence of investors. First: What are the essential features of the proposition that is being offered for public investment? Second: What are the characters of the men behind the enterprise and what are their reasons for soliciting public co—oper— ation in their work? Third: What are the prospects for early and satisfactory returns to the investors? These questions which would naturally occeur to any man or woman who has intelli— gence enough to understand a financial in— vestment and the nerve, courage and poise that are and have always been the elemen— tary principles in the foundation of great fortunes we propose herein to answer. The purpose of this pamphlet is to lay before the possessor of little money an op— portunity of safely increasing his wealth and to convince the prudent capitalist that the road to greater wealth lies in confidence and co—operation with men who know where that wealth lies and how to obtain it. If yOu have read a thousand prospect— _uses, we want you to suspend your opinion until you have read what the Yukon Basin Gold Dredging Company has to say before you form your judament. If you have made up your mind a thou— sand times not to invest in gold—seeking enterprises, we want you to unmake it, if only for the time that it will take you to investigate a proposition which we believe your own reason will eventually tell you is the greatest gold—dredging proposition in the world, formed ‘by an international company, projected upon the scientific knowledge of men who know their ground and whose experience and standing in two continents is a guarantee of the absolute correctness of their caleulations. The Yukon Basin Gold Dredging Com— pany is based upon the investigations and the actual surveys and scientific know!— edge of men who have footed and measured the gold—bearing ground link by link and chain by chain and know whereof they speak and whose concessions, now the property of this Company, were obtained from the most conservative government in the world—the British Empire. This is the age of Gold. Everybody is looking for it. Many are seeking it in the mountains of the Klondike or in the death— dealing valleys and sulphurous ranges of Death Valley. They are proceeding upon theories of prospecting and— _exploitation that are fast falling into desuetuide. In ten years an old—fashioned pack—mule pros— pector will be a museum curiosity. This is the day of the Gold Dredge, the machine that does the work of more than 1,000 men and makes money where a rice—eating coolie would starve to death. The investor in the stock of the Yukon Basin need brave no elemental dangers, but while the gold— dredge is doing the work he has but to en— joy the fruits thereof, sitting beneath the trees that cast their cooling shades upon his own front porch. ‘splOoVoSsEaI In0o JO JojUuad 9UJj JBaUu pojeao| oJE SI[B]I osolULL ‘soSpoup Jpo 1j99} e un 03 camod qugotouns 4o ‘jomodasiol (00‘¢TI @8Seqs qsomo1t ou}j 182 Sume1au98 Jo arqedteo ‘oAIl jJJEMO]G§ UO ‘S[[EA JoSeILq The Gold Dredging Industry The New York Sun, in an article on the subject of gold—dredging says: ‘"*Good gold—dredging land was at first bought at frem $50 to $100 an acre, but when owners saw the great profits secured by dredging, they advanced prices until now good dredg— i1g land commands $1,000 an acre. Many farmers have sold lands on shares, and some of them have realized $3,000 an acre as their share of the profits. Around Oro— ville there are now 29 dredges at work, all run by electricity, and the profit is 15 cents a cubic yard. The gold taken from this dis— trict last year was worth $3,500,000.00." The Mininag Magazine of New York, says: ‘"‘By means of the steam dredge a veritable revolution has been brought about in gold mining. Large areas that were known to be auriferous, but not yielding sufficient gold to render adequate returns by the old methods, are now paying well. Vast tracts are being secretly bought up in South Africa, China and other countries, it is said, for fields of future operations."‘ The Inventive Age of Washington, D. C., says: ‘‘The latest step in the, progress of mining is through the medium of ships. Whole fleets of vessels, in fact, that sail on oceans of their own creating, are plowing wide chanuels through the fertile valleys of California and other Pacific Coast States. And it is to be noted that never has mining met with such succeess. This method, indeed, means the beginning of a revolution in the industry."" The Chicago Tribune, says: ‘‘Modern science is effacing the romantic, adventur— ous and speculative features from the busi— —[— ness of gold mining. At present gold min— ing in many places returns more certain profits than a manufactory. Because of the large amount of labor required it has always been impracticable to work any but the richer portions of a placer by hand, but it has been found practicable to exploit, by means of the dredge, placers containing less than 10 cents‘ worth of gold to the cubic yard of gravel. Placers containing this much or more gold abound in many parts of the world." The "Our Day‘‘ Magazine of Chicago, says: "‘In some placer mining districts, the production of a single dredge runs from $400 to $1,000 a day. Operating expenses are comparatively light. Many abandoned placer fields and old mine dumps can be worked by the new dredge with gratifying results. The success of the two dredges now operating at Golden, Colorado, in sand and gravel that carry only from 50 cents to $1.00 in gold per cubic yard, has been so great that dozens of similar districts in Colorado, Wyoming and Nevada are being prospected and will no doubt be thoroughly exploited."" The Daily Mining Record of Denver, says: ‘‘Dredging is a sound business. The underlying reason for the general success of gold dredging is that by the exereise of sound, expert judgment, the value of a property can be ascertained to a practical certainty before any money is spent other than that for prospecting." The Literary Digest of New York, says: ‘*As the ground can be thoroughly tubed and sampled beforehand, this process lifts gold mining from the category of specula— tive enterprises to that of a manufacturing business. The gold dredge is a gold manu— factural, with an insatiable demand and an assured market for its own product, at the rate of $20.67 per troy ounce fine, paid down by the mints in gold coin. No risk, no idle stock on hand, no bad debts, no com— missions, brokerage or discounts, nor mon— oply of trade, now or ever possible. An instant sale of the entire product, at a fixed price, paid in cash. Such are the in— comparable conditions for the gold manu— facturing business. It goes without saying that, unless the cost of taking part in it is beyond the ordinary means of business men, such an industry will not fail to invite a vast number of participants. This con— tingency can be settled at once."‘ Report of the Director of the Mint on Gold Dredging The following facts are gathered from the 1904 Report of Geo. E. Roberts, Direc— tor of the United States Mint. Beginning on page 51 the report states : "*At present the tide is coming in. Within limits we can predict its arrival and its height. It is, indeed, a flood tide! "This high tide in the output of gold is coming through the gold dredge—the gold ship it has not inappropriately been called. It is the engine which is to render available the gold which has long been stored in plac— ers. They are boundless, not in Colorado, indeed, nor in the Black Hills, but in the Pacific Coast States, in Alaska, Central and South America, in Asia, and the South— ern Hemisphere. «‘Many of these placers were never worked by reason of lying below the water level, where the bed rock could not be bared or where sufficient fall could not be had for the tailings.. Others have not been worked because of adverse legislation, as in Cali— fornia, where the defilement of the streams is not permitted. Others, because the amount produced by hand labor was not sufficient to pay day wages. Even those which have been worked out by primitive means may be re—worked at a profit. ©The gold dredge makes money where a coolie would starve. It requires no pump— ing to free the bed rock for miners to work. 1t requires mo fall to carry away the tail— ings. It defiles mo streams. It requires little water, using that in which it floats over and over. "It requires no land for dumping, using that which it worked for this purpose. It requires but few men to operate it. It is not costly to build compared with mills and smelters. It mines, treats and turns out that which the Government stamps as money, without regard to quantity, without distinction, giving to every ounce a face value of $20.67, receivable for all debts, both public and private, without limitation or exception. Ore carrying not more than 5 cents per cubic yard, or, say 2 1—2 cents per ton, is treated at a profit of 33 1—3 per cent, while placers carrying 10, 20 and even 50 cents per yard are common; those of average value being limitless. If these dredges continue to work, Alex. Delmar says that the world will not only be satur— ated with gold, but it will be mauseated with at. "*This output, great as it is, will at the present rate of increase soon be doubled, mainly by means of the dredge. It will pro— duce gold at the following cost per troy ounce : ‘Placer ground yielding 5 cents per cubic yard produces gold at $16.53 per ounce. ‘Placer ground yielding 10 cents per cubic yard produces gold at $8.30 per ounce. ‘Placer ground yielding 20 cents per cubic yard produces gold at $4.13 per ounce. ‘Placer ground yielding 40 cents per cubic yard produces gold at $2.06 per ounce.‘" . In the Engineering Magazine for July, Alex. Delmar says: § *A brief statement of what the prineipal auriferons have produced from hand labor will perhaps prepare us better to appre— ciate what they are capable of yielding to this amphibious invention. ‘During the ninety years from 1710 to 1800 the placers of Brazil produced by slave labor $750,000,000 in gold. "During the thirty years from 1848 to 1878 the placers of California produced, mostly by hand labor, $880,000,000 in gold. "During the twenty—seven years, from 1851 to 1878, the placers of Australia pro— duced mostly by hand labor, $900,000,000 in gold. "During the seventy—five years from 1830 to 1904, inclusive, Russia produced, largely from the placers of Siberia, $1,300,— 000,000 in gold, the present production be— ing $25,000,000 per year. "During the past ten years, 1895 to 1904, the placers of Alaska produced, chiefly by hand labor, $140,000,000 in gold. "All these placers or auriferons can be profitably worked over by the gold dredge and more taken from them than they have already yielded. "Judging from present experience, the whole might be reworked within twenty years if the dredges could be had; but probably this wili not. be done while so much virgin ground remains untouched. Lode mining for gold only probably will not increase, for reasons already shown, but where it is produced in connection with copper and lead it will at least not fall off, so that after a careful survey of the field the estimate of a doubled output within the next ten years seems not out of the way, and an increase to our stock of gold within twenty years of $15,000,000,000 need not surprise us.‘"‘ JA j1EMojg oyuj uo sp[OYostor ino uo stoaeris Sumeaq—p[O8 ouj Sunmso)} u1 posn mw@?pc g1A[ISOQ 9.L . . ( : \ * o 3 yhee Gold Dredging as an Investment It has long been the custom to look upon all mining investments as purely specula— tive, depending upon chance or lucky strike for their suceess, and incapable of offering any such guarantees of safety and profit as those afforded by ordinary industrial en— terprises. There is a wide difference between spec— ulation and investment. The spéculator takes long chances and looks for corre— spondingly large profits. The investor de— mands better security for his capital and is content if he can see his profits figured out to a certainty, even though they may not be so lucrative. The business of gold—dredging is not a speculation, but a safe and sound invest— ment. In the case of quartz mining for gold, especially in the prospective stage, it is impossible to figure the profits with any degree of accuracy ; for there is always the risk thai the rich pockets may suddenly ‘play out or that the deep underground workings may become filled with water. But g‘old dredging is an entirely different mat— ter.‘ The acreage of the placer fields can be accurately measured; the depth of the mineralized gravels can be determined by exact measurement, and the values made known by washing; and the average value 1nul.ti13hed by the number of cubic yards of gravel will show to a close approximation the aggeregate value of the field. Moreover, the cost of the dredging operations is known to a certainty beforehand ; and the —market price of the product is fixed by law, and is never affected by competition, war or panic. Here, then, are all the conditions requisite for a safe and sound investment. The profits can be accurately determined months and years in advance, and all the speculative risks of ordinary mining invest— ments are, practically speaking, eliminated. This is no theory, but the record of ex— perience, and demonstrated by the history of successful dredging companies in all parts of the world.. Among the most pro— fitable placer lands ever worked have been those of California and Alaska, where vast fields of auriferous gravel, carrying vaiues of from five to thirty cents per eubic yard have been made to yield enormous profits by hydraulic and dredging operations. At Oroville, California, a single company owns about one—fifth of all the placer areas or 114,600,000 cubie yards of gravel with proven values averaging over 15 cents per yard. The profits of that company are a practical certainty, and will amount to mil— lions of dollars annually for years to come; but, like most other dredging companies, it is a close corporation, and its stock is not for sale by public subsceription. The Yukon Basin Gold Dredging Com— pany, for a short time only, is now offering to the public a limited share in the enor— mous profits to be realized from its dredg— ing operations after the necessary equip— ment and machinery shall have been in— stalled and put in operation. These profits are not a matter of guess—work or chance, but have been accurately figured upon the basis of known values and known costs. The opportunity now offered is quite the con— trary of a speculation, although promising all the profits any speculator could desire; but measured in terms of safety and secur— ity, it is an investment opportunity, the equal of which is not often found. ——11— ‘IO61 ‘s3g I11dy pauado 4trewum1op sem oSptuq oUj puUue ‘TQo6T ‘Arenago UuI 9j2[ Uue3aq UuoIjo9t9 oU.L ‘0061 jsnSny ut 21B oIAIISOQ ‘Aop Jo spueyu ayqp ut paoerd sem mmrww.z SI[] Jo UuoIjonI}jsuO09 oU.L 4 d'“l.[ — > m z 5s b v 7 C 3 2~ *4 © «& es —A® & is tfs N a» . ( es 1gze r2 wA Y ! 3 2 m \ M f * C f/ i/ \~_ [ C &,\/\ \ f f{ m¥es NiE C \ i \ & P *L & .. s..........ivmvarcmsaoncmmmmammem Early History of the Yukon Gold Region This region was first thought of as a min— ing field by Arthur Harper of the county of Antrim, Ireland, who with his associates entered it as miners in July, 1873.. Their— — prospecting was almost barren of results to themselves, yet they very nearly made discovery of all the mining fields that have since been found. The next entry to the region by miners appears to have been in 1878, but this ad— venture too was practically fruitless, and it was not until 1884 that mining in earnest was begun in the district. This for the first year or two was principally confined to the bars and banks of the Lewes, better known as the YuKkox. With each succeeding season advances were made down stream until the Stewart River was reached where the bars and banks were found so good that almost all operations were confined to this stream during 1885—6. Many of the bars paid $50 per day per man. and it is certain that over $250,000.00 was panned out of these bars, in those years, with the very erudest means, by wandering and unsettled grubstakers. All the gold found hitherto was fine; and as coarse gold was the great desideratum of the miners, some kept prospecting for it continuously, and found it at last on Forty— mile River about 23 miles above its mouth. This stream enters the Yukon River about 40 miles above the International boundary line. It would make this article too long to go into the details of all the mining discover— ies in the region. So far, less than a fiftieth part of our Yukon Territory has been more than looked at. The world—famed Klondike Region has proved the richest yet found, but who shall say that seven or eight thou— sand miles at least of river stream and gulch still untouched in the territory shall not yield another, or many Klondikes? Lo. *S9 [IW Tq sulepUunojy jUEJSIG ‘IIGT ‘Lepf ‘uosmea wo; doaIl uoyxynXkX Uumop Suyoor moaora ojoudato., —— 11— M || | Primitive Placer Methodsv in the Yukon Gold Dredging is the modern adaptation of the most approved type of machinery to placer mining. The gold—dredging ship bears about the same relation to the old— fashioned method of producing gold by the old rocker system that moaern electrical power machinery would bear to hand labor. The process of placer mining is about as follows: After clearing all the coarse gravel and stone off a patch of ground, the miner lifts a little of the finer gravel or sand in his pan, which is a broad, shallow dish, made of strong sheet steel; he then puts in water enough to fill the pan and gives it a few rapid whirls and shakes ; this tends to bring the gold to the bottom on ac— count of its greater specific gravity. ‘The dish is then shaken and held in such a way that the gravel and sand are gradually washed out, care being taken as the process nears completion to avoid letting out the finer and heavier parts that have settled to the bottom. Finally all that is left in the pan is whatever gold may have been in the dish and some black sand which almost invariably accompanies it. Should the gold thus found be fine, the contents of the pan are thrown into a bar— rel containing water and a pound or two of merecury. As soon as the gold comes into contact with the mercury it combines with it and forms an amalgam. This is called the ‘‘pan‘" or <—hand" method, and is never on account of its slow— ness and laboriousness continued for any length of time when it is possible to pro— cure a ‘"‘rocker,"‘ or to make and work sluices. A "rocker‘‘ is simply a box about three feet long and two wide, made in two parts, the top part being shallow, with a heavy sheet iron bottom, which is punched full of quarter—inch holes. The other part of the box is fitted with an inclined shelf about midway in its depth, which is six or eight inches lower at its lower end than at its up— per. Over this is placed a piece of heavy woolen blanket. The whole is then mounted on two rockers, much resembling those of an ordinary cradle, and when in use they are placed on two blocks of wood so that the whole may ‘be readily rocked. The finer matter with the Gold falls through the holes onto the blanket, which checks its progress, and holds the fine particles of Gold. Sluicing is always employed when possi— ble. It requires a good supply of water with sufficient head or fall. The process is as follows:— Planks are procured and formed into a box of suitable width and depth. Slats are fixed across it, or holes bored in such order that no particle could run along the bottom in a straight line and escape running over a hole. Several of these boxes are set up with a considerable slope and are fitted into one another at the ends like a stove—pipe. A stream of water is now directed into the upper end of the highest box. The gravel having been col— lected, as in the case of the rocker, it is shoveled into the upper box and is washed downward by the strong current of water. In this way about three times as much dirt per man can be washed as by the rocker, and consequently three times as much Gold is secured in a given time. A great many miners spend their time in sp the summer prospecting and in the winter resort to a method lately adopted, and which is called "burning."‘ They make fires on the surface, thus thawing the ground until the bed—rock is reached, then drift and tunnel ; the pay dirt is brought to the surface and heaped in a pile until Spring, when water can be obtained. The sluice boxes are then set up and the dirt is washed out, thus enabling the miner to work advantageously and profitably the year around. In this way the complaint is overcome which has been so commonly advanced by miners and others, that in the Yukon several months of the year are lost in idleness:. There is continuous daylight o O & (a) & o® 24 © 2@ from the middle of May until the early part of October. In the summer months it is possible for a miner to put in as many hours as he has power to endure the physical strain. Con— stant daylight admits of several shifts of men being employed, and in this way min— ing operations may go on continuously throughout every hour of the day. Nine—tenths of the world‘s Gold produc— . tion has come from placers. The highest authorities agree that this will continue to be the case, and that the future yield of the placers by dredging operations is destined to eclipse all the records of the past. — ~10=— Je cmmmaccar ie feas manti .. Ncst C \ ‘/./ 1000000000000 0000000000000E 00000000 0007000 Description of Dredge _One observer has described the Gold Dredge as a combination of a river steam— boat, a derrick and a man of war. The photograph tells more intelligently than any amount of description could do just —what it looks like. Each one of the endless chain of steel buckets, or rather seoops, has a sharp, cutting steel edge, and holds about seven and one—half cubic feet of earth. The chain itself is driven by powerful steam en— gines or electric motors. In this manner sediment put through an amalgamator. The sereen revolves twenty times every minute, winnowing the materials on the same principle as the pans, cradles and sluices of the placer miners of the past, but infiinitely more sifts through to perforated screens, and the finest to riffled tables. The riffles are made of sheet copper, coated with quicksilver, with which the fine par— ticles of Gold amalgamate, so that not one— tenth of one per cent of the Gold escapes. nearly 3,000 cubic yards of earth are lifted in a day, dumped into a hopper, and then discharged upon a revolving sereen that separates the finer from the coarser mate— rial. The large stones and boulders are rolled down into a chute that empties on the refuse heap in the wake of the ship. Every minute twelve of these buckets are emptied upon the revolving sereen, upon which is pumped during the same time more than a thousand gallons of water. Cocoanut mattings are used to catch the larger grains of Gold. The mattings are then washed in a tank, and the collected After all the Gold has been separated, the fine sand remaining is elevated to the top and thrown out on the dump along with the stones and boulders. An up—to—date Gold dredge is lighted by electricity and operated by two 45 or 50 horse—power electric motors. One of them costs at least $100,000. Opera‘ting expenses are comparatively light, running in the neighborhood of $30 a day. The cost of handling the earth is less than 5 cents a ton, so that if the soil averages three—quarters of a cent in gold to the cubic foot it can be washed with a tempting margin of profit. sn is a dbimeian is eicichenonans +; & se~=>~ 1 ze ® ’I ‘+ 0 a 1 #a ‘\ ” dIwNITE ANA TICOINRILE — BOUNIMERY The area marked A is the famous Klondike section which covers an area of only 70,000 square miles which has pro— duced upwards of $150,000,000 in gold—with many times that much more to come. On forty claims surveyed by Gov. Ogilvie in this district, each claim covering only 500 feet river front more than $43,000,000 were extracted. This same diitricttis Iéovx;lbeing again worked over by Modern Hydraulic and Dredging methods under direction of Guggenheim interest and others. Area B, Clear Creek. Area C, Scroggin Creek. Area D, Thistle Creek. Area BE, Duncan Greek. All proven Gold bearing Creeks and tributaries to the World Famous Stewart River, known to all old Klondike miners as "The Grub Stake River." 8 * Q’f‘ —”,“\ \\ 0 @r. ;GOLD X 2 w en e in y ; © M© QUESTEN TOWNSITE < N ie se l o | MAekKaAYy Between the stars, and covering a front on the Stewart River of about thirty miles on our leaseholds, 82 tests were made in which gold was found, paying from 40 cents to $11.00 per cubic yard, the whole thirty—two tests showing values on an average of better than $1.06 per cubic yard. The enormous wealth of our ground is apparent when compared with operations now being carried on in California and Oregon, where the returns from working gravels paying only from 10 to 17 cents per yard are astonishing. "Gold." All other places marked "Gold" have been tested and found rich in gold and conditions ideal for dredging. Enormous Area of Our Leaseholds _ The Yukon Basin Gold Dredging Com— pany has been duly organized under the laws of the United States and sanctioned by registration under the strict laws of the Dominion of Canada. Its leaseholds cover 105 miles, embracing an area of over 10,000 acres of the richest gold—bearing sands in the world, along the famous Stewart River, a confluent of the Great Yukon River. NO OTHER DREDGING COMPANY, WHETHER UNDER ENGLISH — OR AMERICAN CONTROL, POSSESSES PROPERTY OF EQUAL VALUE OR EXTENT. The leaseholds of the Yukon Basin Gold Dredging Company may be briefly describ— ed as follows : Beginning at a point 15 miles above the confluence of the Stewart River with the Yukon, these leaseholds extend up the Stewart River, following the middle line of the river bed 35 miles. Also beginning at the mouth of the river, commonly known as the MceQuesten or Beaver River, they ex— tend up the Stewart River, following the middle line 15 miles and_ downward 25 miles from the same point, making two stretches below the Fraser Falls (see map) of 35 and 40 miles each. Again beginning at the foot of the Fraser Falls on the Stew— art River (some 200 miles above its mouth) they extend up—stream, following the mid— dle line of the river as before for 30 miles, making a grand total of 105 miles of lease— holds of sand and gravel bars and river bottom, ripe for the dredge and proven by actual prospecting experience to be rich in Gold, yet hitherto but barely sceratched by the primitive panning of the early miners. The average width of the river is more than 200 yards, thus making the area men— tioned above within these leaseholds which the Company has the right to dredge for Gold and other minerals. These leaseholds were secured by the Yukon Basin Gold Dredging Company by transfer, and the transfer included all _ rights and privileges enjoyed under these leaseholds by the former owners. By the laws of the Dominion of Canada the assign— ment of these leaseholds is subject to the approval of the Canadian Minister of the Interior, which approval has been given. In addition to the privilege of dredging the river bed for Gold, this Company en— joys under its license the privilege of cut— ting such timber as may be necessary for any purpose whatever in connection with its mining operations. Upon the timber cut and used no tax whatever is imposed. The importance of this item in connection with the working of the ground can scearcely be over estimated. It eliminates onee for all the fuel problem, and gives us an unlimited supply of fuel for power development for the mere cost of the labor of cutting. This cost will be but slightly over $3.00 per cord, as has been demonstrated by two seasons‘ cuttings on the Stewart River. Another highly important feature in the matter of the development of power is the fact that Fraser Falls lie within the bounds and near the center of these leaseholds. The falls are about 32 feet in height, at the medium stage of water. The discharge of the river is such that not less than 15,000 ' horse—power may be looked for even in ex— cessively low water; while it may easily range as high as 45,000 horsepower in high water. All the dredges required for work— ing the leaseholds will later be operated entirely by power developed at the falls. Currents for power development of high carried 17 miles in Southern California, and power tension are now — profitably currents of much higher tension are carried 600 miles to work the Rand mines in Af— rica. There is power and to spare here, and all the leaseholds will eventually be worked from the falls when found econom— ical to do so. In view of all these conditions, the miner— alized values of these enormous leaseholds, the unlimited supply of timber, and the abundant water supply for power purposes, it will be readily understood that the possi— bilities for profit involved in this enterprise are of proportions never before equalled by any similar undertaking since the search for Gold first engaged the attention of the prospector and the metal miner. Yet great as these possibilities now appear, they are likely to increase enormously with the fuller development of the undertaking ; for all the past history of the Yukon country has tended to show that continued search and investigation invariably result in new and yet richer discoveries than all that have preceded them. A River of Gold The placer grounds along the Stewart River were the first in the district in which <~any extensive operations were carried on. — In 1885 and 1886 a large number of pros— pectors and miners were at work, and they all appear to have done well. It is certain that in those years at least $150,000 was taken from the river and it was generally contended that twice that was nearer the. truth. On one bar a party of five rigged up a set of rude pumps, made out of lumber sawed on the spot, and by attaching the en— gine of a small steamboat to them, cleaned up $6,000 in a few weeks. As much as $50 per day per man was quite usual on many of the bars of the river, and instances of as high as $100 per day having been earned are mentioned. The only mining done on the Stewart was along the bars in the river ; the beach and bank bars being timbered and beyond the capacity of the placer miner. In general, it may be stated that for two seasons, 1885—1886, the Stewart River sands were extensively panned by about forty men, many of whom are known to have realized sums as high as $5,000. It was stated at the time that no one had any dif— ficulty in taking out at least a ‘"grub— stake,""‘ and that the Stewart was a bank in which every miner‘in the Yukon terri— tory had a deposit to his eredit. All else failing them near the windup of their sea— son‘s wandering through the wilderness, if they had failed to strike Gold to their satis— faction, they would resort to the Stewart to take out a "‘grub—stake‘‘ of some $500 or $600, and this bank never dishonored their drafts. In view of the difficulties encountered by the early miners who operated on these _ bars, and the absolute impossibility of re— ‘L88TI UI £llQ UOSMEeG Jo 91IS | | — { U nﬂ [ E: EEEC ~ —._._. smm _ — \‘l& covering by the crude. methods at their command more than a very small fraction of the values actually present in the grav— els, it may be asserted that the figures pre— sented above are significant and even as— tounding. It should be remembered that seldom if ever were the pioneer miners —able to penetrate to bedrock, owing to the depth of the water. Moreover, these men simply could not afford to operate under such difficulties as they encountered unless they made at least $8 or $10 per day. It is right here that the dredge possesses an in— calceulable advantage over the primitive methods of rocker mining. Not only is the dredge able to recover the values clean down to bedrock—where the values, owing to the weight of the nuggets, are always richest—but in dredge operation one man can do the work of many hundred working by primitive methods; and it is no longer a question of making a few dollars daily or else abandoning the field. Even the low— grade gravels yield immense profits to the dredgers, and such gravels as have been proven to exist along the Stewart would return fortune upon fortune beyond the most extravagant dreams of avarice. Adaptability of Dredges for the Yukon In dredging, five things are to be consid— ered : First—Have we gold—producing gravel? Second—Can it be worked by modern dredging machinery ? Third—How many yards of dredgable gravel have we? Fourth—How much per cubic yard will it pay? And, j Fifth—How much per cubic yard will it cost to handle this particular kind of gravel? At a slight preliminary cost all these questions can be determined beforehand with almost mathematical accuracy, and when satisfactorily answered the solution of the problem is easy, and resolves itself down to a business proposition as legiti— mate as excavating a cellar or any other mechanical operation. Gold dredging as an industry is a legitimate business undertak— ing in every sense, and yet in point of re— sults far eclipses the enormous profits of any class of mining. Enough machine experimenting has been done in the territory to show that for a great deal of ground the dredge is the most efficient, in fact the only practical machine. All the operations are done aboard, under ihe control of a very few hands as com— pared with any other system. It carries with it its own flotage and water supply, which requires but little replenishing, and an increase in its capacity does not in— crease appreciably except in one item—fuel —the cost of handling. During Gov. Ogilvie‘s acquaintance with the Yukon territory and northern regions generally, both as surveyor, explorer and commissioner, he has acquired knowledge both personal and through deposition and reports of grounds that will make most de— sirable dredging propositions. As a sam— seogge ple, one may be particularized : It is two miles or more in length, along the valley of quite a large stream, and averages about 2,800 feet in width. The average depth from surface to bedrock is about 16 feet, a little more than halft of which is gravel, the minimum value of which is 50 cents per cubic yard. This tract is then 10,520 yards long, 933 wide and 3 deep, giving 29,445,480 cubic yards of gravel. Reduce it to 25,000,000 and we still have $12,500,000. _ The stream mentioned meanders through the ground a distance of about four and a half miles, and so furnishes a good base to begin opera— tions on. This ground should be worked by dredge at a cost of not more than 10 cents per cubic yard, which is much more than experience has taught that river gravels can be worked for, they not being frozen. A dredge of 2,500 cubic yards‘ capacity _ would likely average, in this place, not less than 1,500 yards per day for about 150 days per season. Put the average yearly lift at 265,000 yards, and we see that it would take one dredge about one hundred and thirty (130) years to work this ground out; and from this we infer that ten or more could be profitably employed for ten years. The possibilities for successful and pro— fitable dredging in this region are vast, and the company that gets first established in it has magnificent prospects, if care, econ— omy and watchfulness are exercised in its behalf. The Distinguished Career of Governor Ogilvie The President of the Company and the grantee of the concessions that are now the property of the Company is William Ogil— vie, former Governor of the British Yukon Territory, under the Dominion Govern— ment. His name is as familiar throughout the great gold—bearing fields of the Yukon Basin as was that of Fremont in the United States in the days when the "Pathfinder"‘ blazed the western way to the California Eldorado. William Ogilvie was the Do— minion Government‘s ‘‘Pathfinder."" For twenty years he has been a domin— ant spirit in the work of exploring, survey— ing and developing the Yukon Territory. Long before the Klondike yielded up its treasure, amazing the world with the vast— ness of its golden stores, William Ogilvie was there with his transit and chain and heliometer, under the authority of the Do— minion Government, staking out the bound— ary lines of the Canadian territorial pos— sessions. Afterwards at the time of the Klondike discoveries he made a personal survey of the most important claims lo— cated on Bonanza and Eldorado Creeks, forty of which produced one million dollars each within the small compass of five hun— dred feet. From 1887 to 1895, Mr. Ogilvie was al— most continually at work throughout the Yukon district. During that period he many times descended and reascended the Yukon River, which is 2,250 miles long, forming the great Yukon Basin, and ex— plored its confluent streams, the most soje= famous of which is the Stewart River, where the company‘s properties are locat— ed._ How big a factor Mr. Ogilvie was in the development of the Yukon may best be understood by a recital of the manner of his association with the Dominion Gov— _ ernment‘s work. Miners from the northern part of Brit— ish Columbia in the close of the eighth de— cade of the past century drifted over the watershed of the streams discharging into the Pacific, from those flowing into the Yukon, in search of Gold.. They found colors, as they term them, wherever they tried; and the further north they pro— gressed down the streams tributary to the Yukon the better colors they found, until they reached the Stewart River, about the year 1885. In the autumn of 1886 coarse (Gold was discovered on Forty Mile, with the result that every miner in the territory hastened to the coarse Gold district, coarse Gold being the desideratum of every miner. Knowledge of these discoveries reached Ottawa, the Canadian seat of government, through application from miners in the Yukon territory for mining property in that region. The Canadian Government knew nothing of the district; it had never been surveyed in any way, and no knowl— edge of it had been acquired except: through the vague reports of a few individ— uals who had gone up or down some of its main streams. In the fall of 1886 the Canadian Govern— ment determined that exploration, in part at least, of the Yukon territory should be carried out. For this purpose it was neces— sary to determine, first, the boundary on the Yukon River between the territory of the United States in Alaska and that of Canada in the same region. Mr. Wm. Ogil— vie was selected to attend to this —part of the work, and to make such surveys and explorations as he deemed expedient in the interest of the country generally, as far as the time at his disposal would permit him so to do. Dr. G. M. Dawson of the Geological Sur— vey of Canada was selected to carry out the geological part of the investigations. Dr. Dawson and one of his associates descend— ed the Pelly River to its confluence with the Yukon, at what is known as Ft. Selkirk. He and Mr. Ogilvie met there, one having arrived on the 9th of August, 1887, and the other on the 11th. After three days‘ pre— paration of maps, notes and reports of the work so far done by Mr. Ogilvie, which were handed over to Mr. Dawson for trans— port to Ottawa, the doctor ascended the Yukon to Dyea Pass and came home, leayv— ing Mr. Ogilvie in the territory to survey the river down to the International Bound— ary Line, which he was to determine by as— tronomical observation in order to mark the point where it crossed the Yukon River. The means and methods at Mr. Ogilvie‘s command in making this determination were under the conditions necessarily crude as compared with the refined meth— ods open to the astronomer at present. However, after a very exact determina— tion by the United States and Canadian Governments using the most refined and exact appliances, in conjunction with the electric telegraph, it is found that the de— termination made by Mr. Ogilvie twenty years ago is practically exact. After Mr. Ogilvie came out of the region in 1889 and made his report and compiled his maps and notes giving the information gained by him in the Territory. The Royal Geographical Society of England, the par— ent of all geographical societies, bestowed upon him a highly prized decoration, in recognition of the merit of the work he had done. This was the first time such an ‘JoAII oA0GE j99J 009T inoge urequnoj{t UI4S 9§s00JN v uo oPIIS MoOoH ‘jlJoI uo joa;t UuoynNnXk ‘juUoj; Uf JoALII ox[IBUOIYM Jo QoWUEIGQ UjIM punodSoiop u1 pueIsl ‘IQ6I ‘ounpr ‘uosM®eC 2oG— \lh\\m\ honor had ever been conferred upon any citizen of the American Continent. In 1895 the Government of Canada sent to the Yukon district a foree of Northwest _ mounted police, a force organized in a dual capacity as a military and police force. In order that this force might not be compro—_ mised in the execution of its duty it was deemed expedient that the boundary line as marked by Mr. Ogilvie in 1888 be pro— longed north and south of the Yukon, and Mr. Ogilvie was sent into the country in 1895 with instructions to produce the boundary line as far as he might deem it expedient for police purposes. In the summer of 1896 the Klondike dis— covery was made. Upon confusion arising over the marking and counter—marking of claims, Mr. Ogilvie was on the ground and undertoo]\ to settle the dlsputes in accord— ance with law and justice. He spent the winter of ‘96 and ‘97 there, came in contact personally with a great number of miners, learned from them the conditions with which they were confronted in the working of their claims, the practical value of their methods and the worth of their ground, and gathered other informa— tion of great importance. Although there were many disputes to settle, not one word of opposition was seriously expressed in regard to any decision made by him by either of the parties to any dlspute Whien he came out of the country in 1897 {in October) the Canadian Government in recognition of his services gave him a sub— stantial cash bonus over and above his sal— ary, which was voted by the Canadian Par— liament without a dissenting voice. In fur— ther consideration of the services rendered by him, although he was not a politician, he was selected as Commissioner of the Yukon Territory, a term synonymous with Governor, which position he filled for two years and a half. It involved a great amount of very arduous labor, and gave him a very intimate knowledge of all the Territory. This knowledge is fully and completely at the disposal of this Company and will be used for the advancement of its properties to the best of his knowledge and ability. A Notable Recognition The most generous commendation has been accorded by the Canadian Govern— ment to Gov. Ogilvie in recognition of his distinguished services in the exploration of the Yukon Territory. In the annual re— port of the Department of the Interior for the year 1889 (printed at Ottawa by order of Parliament) the following statement is made by the Deputy Minister of the TInter— ior which we take pleasure in reproducing in full: ‘‘Perbhaps the most interesting feature of this report is the account given by Mr. Wm. Ogilvie, D. LL. S., of the surveys, ob servations and explorations which he con— ducted in the Yukon and Mackinzie coun— try, and which will be found in one of the appendices hereto. Mr. Ogilvie was ab— sent from civilization for nearly two years, fegitfes during which time he made instrumental and track surveys covering a total distance of 2,700 miles in a wild and almost unex— plored country, some portions of which, it is certain, were never visited by a white man before. The energy, enterprise and intrepidity of Livingston, Stanley and others who have explored the wilds of Africa have received at the hands of the public of all civilized nations the acknowl— edgment which they merited. In simple and unpretentious language Mr. Ogilvie tells the tale of an expedition of great mag— nitude and importance, conducted so efficiently, so inexpensively and so rapidly, and yet involving such dangers and hard— ships as I think will fairly entitle him to rank as one of the first, if by far the most modest, of the explorers of the nineteenth centifey."" Order of the Board of Directors of the Yukon Basin Gold Dredging Co., Ltd., Authorizing Contract for Dredge and Steamboat. "It appearing to the Board that there are funds of the Company, in excess of $100,000, which are available for the uses herein expressed, thereupon, upon motion made by Mr. E. E. Richardson and second— ed by Mr. F. D. Whiting, it was ordered: That the Executive Committee be author— ized to purchase from responsible parties, a modern dredge suitable for the needs of the Company on its leaseholds in the Stew— art River in the Dominion of Canada and to the satisfaction of the Hon. Minister of the Interior of Canada, and, also to purchase, or order constructed a steamboat suitable for the needs of the Company in carrying into the Stewart River its machinery and supplies, and, it is further ordered that the same be assembled on the Company‘s prop— erty so as to enable the Company to pro— ceed at work in the field as soon as the sea— son will reasonably permit; and the Execu— tive Committee was further authorized to let immediate contracts for the cutting, upon the banks of the Stewart River, of sufficient wood to supply the needs of the Company for fuel in the operation of its steamboat and dredging machinery during the coming year, and, generally, to have done all such other things as shall be need— ful in furtherance of the active prosecution of the Company‘s operations on the Stew— art River and as shall be required by the Department of the Interior of Canada."‘ Office of the Company, Kansas City, Mo. I hereby certify that a meeting of the Board of Directors of the Yukon Basin Gold Dredging Company, Limited, held at its office in Kansas City, Missouri, on the ord day of December, 1907, that among other business transacted, the above and foregoing is a true copy of an order which was unanimously adopted by the Board on that date. (SEAL) _ G. W. CLA WSON, Secretary. San Francisco, Cal. January 10th, 1908. Yukon Basin Gold Dredging Company, Kansas City, Mo. Gentlemen : We have contracted to build for you one of our modern, up—to—date gold dredging machines. It will afford us pleas— ure to construct one suitable to your wants on the Stewart River. We shall also take great pleasure in getting this machine through to you within the time specified in the contract. We hear your holdings on the Stewart highly spoken of from a dredging stand— point. We are satisfied that the machine we are building for you will give you entire satisfaction, and we hope it will be the means of securing from you, during the next year, an order for ten or more dredges of similar construction and capacity. Yours very truly, RISDON IRON AND LOCOMOTIVE WORKS. 298 —— Concessions Worth Millions The foliowing expressions of prominent Mining men, Engineers and gentlemen of unquestionable standing and authority, is interesting information for our stockhold— ers : se Your concessions are worth millions. If you will place the proper kind of dredge four or five miles south of the mouth of Mc— Questen River you will find lots of coarse, heavy gold. A dredge on the Stewart River about the mouth of MceQuesten River will certainly pay for itself in one season. E. MONAHAN, Practical Miner. Dawson City. Personally, I would not take $1.00 per share for the stock I hold in your Com— pany. You see I have seen the holdings of the Company on the Stewart River and know you have the goods. ~~_ _ ALVAH H. CROSSMAN, South Hamilton, Mass. I have carefully read your Prospectus and would say that I consider your esti— mates on your gold bearing gravels are un— der estimated. The Company should start the operations with the ultimate view of harnessing Fraser Falls for the purpose of generating electricity to— operate your dredges. From 30,000 to 100,000 horse— power can be obtained at this point, vary— ing according— to the stage of the river. The first dredges installed should be electric or constructed in such a way that they can be changed to electricity without loss on the original cost. You should exereise great care to get the best and up—to—date ma— chinery as your enterprise will last for years to come and has unlimited possibili— ties. DAN‘L A. MATHESON, Civil Engineer. Dawson City, Y. T. . We have gold dredges at work in Butte Co. here on dirt that pays only 15 cents a yard and the dividends are enormous. I have been trying for two years to get stock in some of them, but none for sale at any price or any terms. Please inform me if yours is such a gigantic proposition why you sell stock at 10 cents. Is it not worth more and on easy terms? Please reserve at least 500 shares of Yukon Basin Gold Dredging Company for me. I would like 5,000 shares of it if it is like your Prospectus represents. I read carefully your Prospectus and if the GOLD is there it is a stupendous proposition. J. MASSIE. Tulare, Calif. Was in Alaska in 1898 and prospected from Valdez Glacier to headwaters on the Copper River. Found gold on every stream tried. No doubt a dredge placed on any stream in the Yukon will pay large returns in gold in a short time. Suggest that after you sell sufficient treasury stock to install one large dredge that there will be no need of raising funds from the sale of treasury stock as Stewart River will give up all the funds needed in the shape of gold for further developments. A. ZUENDT, Credit Man, Blanke Coffee Company, St. Louis, Mo. 99— | | redtoum1d o9fp SEM 9[IUAJJIOp[ ‘oMIpUOIM 04q J;o LoaAoostp 94j [I;un dueoa Sururu ‘MoIA JO0 Joju9d jJUSI[I UO o[[luAX]I1Ouy JO UMO} UJIM ‘JoAII O[IWAjIOyf pue UOYXYNnX Jo Uuo1jounf PREC L P caen omm esmm snn i enz h ie 2 l Our Mr. Fred Turner has been over and tested the grounds owned by the Yukon Basin Gold Dredging Co., Ltd., and states that in the many thousands of pans washed he never failed to discover gold. TURNER & TURNER, Stock Brokers, Dallas, Texas. You are lucky in getting the big Stewart River dredging concession. Other com— panies would now be falling over each other to get it if open to application. Eivery stream that flows into the Stewart River carries gold in more or less quantities, and as you are aware, the Yukon Pioneers went thither to obtain their "‘"grub—stakes.""‘ A river which with the ecrude appliances in vogue in those days would yield a "grub— stake‘‘ will, I feel sure, prove a veritable bonanza to a dredging company employing up—to—date methods. H. J. WOODSIDE, Ex—Census Com. of Yukon. Ottawa, Canada. A Report from a Government Mining Engineer. DMawsox, Y. I‘, Nov. 3, 1907.—In reply to your request for a report on the Stew— art River as a dredging proposition I beg to state: I have been in the Yukon Terri— tory since the year 1894, without being ab— sent from the Territory for more than six months during that time up to the pres— ent, and I have prospected on nearly all of the principal streams in the Territory, and of all the streams that I have prospected on I am more impressed with the Stewart River as a dredging proposition than any of the others. My reasons are that: there are a hundred tributaries feeding into it, all of which carry more or less gold. And also there is an ancient gold bearing channel which is very rich in places which traverses the Stewart River Valley from Crooked Creek to Black Hills Creek. I have been handed the prospectus of the Yukon Basin Gold_ Dredging Company, Limited, and have read it very carefully, and I do not think for one moment that the area of gold bearing gravels and their values are over estimated, but on the con— trary I verily believe that the values con— tained in the gravels will prove to be much greater than mentioned in the report of your president. I have known Mr. Ogilvie ever since I came to the country and can truthfully say for myself and all the old timers that Mr. Ogilvie is considered a most reliable and honest man, and would not knowingly make a false report. I have prospected along the Stewart River for a distance of 150 miles from its mouth, surface prospecting only, and have found gold in every place prospected, rang— ing from one—eighth of a cent (1—8e to two and a half cents to the pan (or upwards of $2.00 per yard.) I could only prospect to a depth of 4 feet as it was impossible to go deeper on account of water. I have been occupying the position of Assistant Mining Engineer for the Canad— ian Government for the past four years a :d I could give much more valuable infor— mation in connection with the above men— tioned property, but I consider that this is all you require from me. Yours very truly, ROBERT HENDERSON, Asst. Gov‘t, Mining Eingineer. 2. Signed, 49— The Wall Street Journal (New York), un— der date of November 5, speaks editorially in the following high terms of our proposi— tion : "The Guggenheims have purchased a con— siderable number of rich properties on Hunker and Bonanza Creeks in Alaska, but they have by no means a majority of the rich placer ground which exists in these districts. Further along the Stewart River most of the interests are in the hands of the Yukon Basin Gold Dredging Co., many. of which properties are said to be placer lands of practically inexhaustible richness. Ac— cording to recent reports to the Canadian Government these lands are being worked by the most approved modern methods." es GUGGENHEIMS DO NOT CONTROL ALL GROUND. From Daily Mining Record, Oct. 31. Dawson, Yukon Ter., Oct. 31.—Although the Guggenheims‘ agents have done some close bargaining to obtain control of the rich placer ground on Hunker and Bonanza Creeks, it is understood among local mining men that they do not begin to own all the rich sand bars in the Hunker valley. Among the well known creeks not obtained by these operators are the Hester, Gold Bottom and Last Chance. Along the Stewart River the controlling interest is in the hands of the Yukon Basin Gold Dredging Company, in— cluding 105 miles of river frontage, or about 10,000 acres of rich dredging ground where average values are said to run well over $1 a cubic yard. According to recent reports of Canadian government experts, the Yukon placer fields are of practically inexhaustible richness. By approved methods of operation by dredging these values are now capable of being recovered in commercial quantities. Gold Nuggets taken from the gravel of Yukon, a result of Placer Mining. s oo Dredge Tests on the Stewart River During parts of two seasons a small ex— perimental dredge was operated on the Stewart River for test purposes and at a number of points it was demonstrated that not only was the surface of the bars exceed— ingly rich, but also that down in the gravel even richer pay streaks would be found than on the surface. Bedrock is always richest in pl.acer. mines, the Gold, owing to its weight, always seeking the lowest possi— ble level in the gravels. Nine—tenths of all placer Gold is found at bedrock. As further evidence that rich streaks will be found deep in the gravel, it may be stated that quite frequently submerged timber was found buried deep in the gravel, besides grass sod and dead leaves. This fact supplies us with positive and conclu— sive evidence that the river bed, at parts of its course at least, has been raised by the gradual accumulation of gravel. Accord— ingly, if rich pickings are found on its sur— face, it is perfectly obvious that much richer gravel should yet be uncovered be— neath the debris deposited in days long gone. It is a comparatively simple problem in mathematics to figure out the cubical con— tents of 10,000 acres of gravel, averaging ten or fifteen yards in depth ; and in view of all the facts it may be confidently antici— pated that new and richer finds will yet be made of heavily mineralized gravels that should add enormously to the estimated value of our leaseholds. The tests elsewhere mentioned will furnish a basis for this esti— mate, but the figures given can be halved and quartered if conservatism is desired. In this way it is possible to arrive at a fairly close ipproximation of the value of our holdings, to say nothing of other ex: tensive properties which this company will take steps to acquire from time to time. Why Treasury Stock is Being Sold The incorporators of the Yukon Basin Gold _ Dredging Company, — well—known bankers, merchants and business men of unquestioned standing and integrity, have now set out upon the conduct of a great en— terprise, embodying all the elements of safety, with the promise of enormous pro— fits. These men have already established their reputations on the strong foundations of ability and success. They realize the enormous proportions of the work which they have undertalen, and that it would be impossible for them to carry it through to ultimate succeess without the assistance of outside co—operation. For this reason they are now offering to the public a limited share in the magnifi— cent profits to be realized through the carrying out of the proposed operations. They assure you, first of all, that the safe and conservative conduct of the enterprise is to be their first and foremost considera— go__ tion; and, second, that each and every stockholder in the Company is to be ac— corded a square deal and an impartial share of the profits on the same basis as every other stockholder. The Company‘s plans include the instal— _lation of the best approved type of mov— able gold dredges upon the properties at the earliest possible moment. _ These dredges will be of the largest capacity and will be operated by steam power. The fuel for generating this power is free for the cutting along the banks of the Stewart River, and at or near the site of our pro— posed —operations. _ We expect these dredges to be of about 3,500 cubie yards‘ nominal daily capacity, and to operate 24 hours per day and 150 days in the year. By the beginning of the second year we expect to have in continuous operation, with doubts shifts, a fleet of five or six dredges; and by the third year it is our ex— pectation to extend the number of dredges in operation to at least twenty, working upon the bars and locations determined to be the most lucrative. By that time we shall expect to have the water power har— nessed at Fraser Falls on the Stewart River, from which the electric power is to be generated to operate the entire fleet of dredges. The Fraser Falls are admirably located for this purpose, and are capable of gen— erating, even in the dryest season, fifteen thousand horsepower. The falls are lo— cated very nearly in the center of our con—. cessions, from which it will be possible to communicate the power at a very slight loss to the extreme limits of our operations. We know that whereas one man by primi— tive methods can handle at most but four cubic yards of gravel daily, a dredge handles on an average 3,000 to 4,000 cubic yards, and twenty dredges will do the work of over 15,000 men. We feel confident in figuring on gravel averaging 50 cents to the cubic yard in free Gold, as shown by numerous tests already made on our prop— erty. It is a matter of record that thirty— two of these tests, extending over thirty miles of our river front showed values ranging all the way from forty cents per cubic yard to eleven dollars per eubic yard. The thirty—two tests averaged better than one dollar and six cents per ecubic yard. Figuring thirty feet of gravel to bedrock, if only one acre in three yields an average of fifty cents per cubic yard, the value in cur ten thousand acres would run consid— erably over $80,000,000, or more than four times the par value of our stock. With twenty mammoth dredges in opera— ation we shall be able to handle at least 50,000 cubic yards of gravel per day, which at a minimum return averaging 50 cents per cubic yard would yield an income that would be more than sufficient to pay divi— dends of 15 per cent and upwards on the entire capitalization of the Company at par. (Associated Press Dispatch.) IDawson City, Jan. Ist, 1908. Black Hills Creek, recently discovered near Dawson City, a tributary of the Stew— art River, is thirty miles long and is now staked its full length. Many miners are prospecting and many are taking out dumps. Claims are held from $5,000.00 to $30,000.00 each. (N. B.—Black Hills Creek flows into the Stewart River, a few miles above Scroggy Creek. See mayp in this prospectus.) ~sag_ Transportation Facilities and Possibilities The matter of transportation facilities is a highly important one likely to develop into a source of profit as well as conven— ience to the Company‘s plans. Our conces— sions are so located as to be able to avail themselves of the advantages of direct water transportation all the way from Seattle. Accordingly we shall be in a posi— tion in the future to set in operation trans— portation companies on the Stewart River and its branches and to engage in general trading operations throughout these ex— tensive districts. This is but an instance of the vast possibilities for profit that will be open to the exploitation of this Com— pany, and which are included in its charter. The plans of the present enterprise have been laid out on broad lines. The author— ity and prestiga of the Canadian Govern— ment will be at the back of the Company. As illustrated in the case of the famous Hudson Bay Company, it is the policy of the Government to open up a new country with the aid and co—operation of private organized enterprise. We have the water rights and the timber rights. We shall establish trading posts, lay out townsites and establish machine shops for the equip— ment and repair of our dredges. We shall reach out and lay hold upon the various and wonderful incidental oppor— tunities for profit always presented to the pioneer settlers in a new country of unlim— ited natural resources. This is an enterprise with a future of boundless possibilities. As soon as the nec— essary funds shall have been secured by the sale of a limited allotment of treasury stock, the present opportunity will be with— drawn, and the sale of stock by public sub— seription will be discontinued by the Com— pany. Those who join —with us now will secure their interests and safeguard their future. It is those who have faith and foresight to come in at the inception of such an enterprise who read the large re— wards. The opportunity is NOW—not after the stock is sold and the price has advanced to many times its present figure. The facts as we have presented them are clear and simple, and any investor desirous of looking into them can satisfy himself that the wonderful possibilities now pre— sented by this Company have not been in the least exaggerated. Protection to Stockholders As an assurance that the stockholders in this enterprise will be fully protected, if any is needed beyond the integrity of its Directors and Management, we call atten— tion to the fact that the Gold production in Canada is under strict supervision of the Government. The Government exacts a duty or tax of two and a half per cent on the output of all mines. This is a source of revenue to the Government and puts the Gold production there on the same basis as the internal revenue laws of this country. seapu" It is impossible to evade this tax, all per— sons and baggage being searched on leav— ing the country. Therefore, the production of any mine operated in the Canadian pos— sessions is a matter of public record. Any stockholder can ascertain upon inquiry of * the proper officials, the exact Gold produc— tion of any corporation in which he may be interested, as aceurqte records are kept. It is also a recognized fact that the police surveillance is better on the Canadian side than on the Alaskan side, and life and property of all kinds are as absolutely pro— tected as in any of the older sections of Canada or the United States. Present Offering of Stock The policy of this company will aim at preventing the control of its securities from falling into the hands of any clique of capitalists to be manipulated for specu— lative profits. We propose to place this stock among a large number of small hold— ers, and we are going to make the "square deal"‘ the basis of all our transactions with the investing public. No officer of the Company except those actually employed in field work is to draw any salary until the enterprise is on an earning basis. There is no preferred stock and no bonds; all shares share alike; the smallest investor will be an integral part of the Company and receive returns in the same proportion as the largest. Stock in the YUKON BASIN GOLD DREDGING COMPANY is fully paid and non—assessable. The par value of each share is One Dollar. It is proposed at this time to offer to the public the privilege of subscribing for a limited amount of this stock at the low price of twenty cents per share. Only a very limited amount of stock will be offered on such favorable terms, as it is the intention of the Company to main— tain a rich treasury for future development of the property. The price of shares will be advanced from time to time as the de— velopment work progresses and the condi— tions justify. Reservations made now will be secured at the present price regardless of future advances. This stock will be listed on the various Mining Exchanges. Address all communications to the Com— pany. YUKON BASIN GOLD DREDGING COMPANY, (Ltd.), SCARRITT BLDG., KANSAS CITY, MO. FRANK STERNBERG, Pacific Goast Agent 353 BUSH ST., San _F_?:g'_ancisco, Cal. i f U 1 t \ i : \ P
Pamphlets ; Advertisements
Yukon
English
Gold mines and mining--Yukon--Klondike River Valley
Mines and mineral resources--Canada
Vancouver: University of British Columbia Library
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Original Format: University of British Columbia. Library. Rare Books and Special Collections. Phil Lind Klondike Gold Rush collection. RBSC-ARC-1820-22-17
[Yukon Basin Gold Dredging Company promotional material to investor]
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