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The Paystreak.Is issued every 8*tunUy In 8andoo, In the heart of the greatest WMte Metal camp on earth.Subscription ... fS.OO* ycsrStrictly In advance.Addctas: Tnn Patw«sak, 8*ndon, B.C.SANDON. B. C., APRIL 9. 1898YANUI UfOMCIIT.Thc fertility of the American mind ia shown in a mining proposition recently propounded by F. B. Morgan of Cleveland, Ohio. This gentleman, who is, as might have been expected, a newspaper man, has, together with other prominent Cleveland men, formed a syndicate entitled The Ohio-Ontario Development Company of Rat Portage, Limited. The object of the company is to develop mines in the Lake of the Woods district, but their method of going about this work is certainly unique. In the prospectus issued by the company it is stated that it is the intention of the company to secure different mines in the Lake of the Woods district and to develop them to such a degree as the work as it progresses will warrant.The prospectus adds: It is our wish that every possible purchaser of stock fully investigate our mines, and in order to do this the directore have determined to take an excursion from Cleveland and vicinity to these gold fields, believing that it is unwarranted to expect the people to pay their money unless they Investigate.1'The company proposes, in view of this, to sell to each applicant for membership in the excursion to Rat Portage one hundred shares of its capital stock at $1 per share par value, or $100 in all, and when certificates for 100 shares are delivered and paid fora contract signed by the company will accompany it, binding th^coppany to take the purchaser to RstTOrtage and return, tree of expense. This trip is to include the following route and privileges: Cleveland to Detroit, Detroit to Owen 8ound and Georgian Bay, including sleeping and dining care; C. P. R. steamers via the ftanlt to Fort William and tbenee by the C. P. K. to Rat Portage. Arrived at Rat Portage the excursionists are to be taken about to visit the chief mines in the Lake of the Woods district, and after ten days return home the same way as they came. This prospectus concludes with the assertion that even should the mining stock tom out to be worthless the trip will be well worth the money invested.It nmy be that after ten da\ s sight seeing in the mines the excnrelon-ipvestors will return home the same way they came, but they will haven different, view of themselves. They perhaps will have gained some horse sense, and, taking this view of It, the $100 will have leen well spent.
Newspaper Details
Sandon Paystreak
Sandon, British Columbia, CA
Sat, Apr 09, 1898
Page 4
Full Page
Clipped by
Anonymous
CA 24 May 2024
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