Hide Article Text (OCR)
The Security Coal Mines Company, Limited, offers an investment combining every factor for Safety, Large Dividends, and Quick Advance over price paid. What Makes for Safety in an Investment? Manufacturing or dealing in “a staple’—that something all people must have and use daily—makes for the factor of safety, consequently the only absolutely safe investment are those based on lands which produces food, clothes, and fuel, and in a cold country where there is no fuel but coal it must follow that invest ments in coal and coal mining, judiciously selected, combines all the ideal and actual factors for safety. You buy a home and it lasts for generations, but you must have fuel, in Canada coal, every day. Another thing coal properties grow in value every day as population increases, and the quantity and quality of coal which can be cheaply mined and is accessable to cheap transpor tation, decreases. Property The Security Coal Mines Company, Ltd., has eight hundred and eighty (880) acres of coal lying in a compact body, the south line paralleling the Grand Trunk Pacific Railway at a distance of a little less than a mile at Wabamun_ station, on the main line, about 45 miles west of Edmonton. There are two developed mines on the property from which many cars of coal have been shipped, one being a shaft which has used horse power to raise the coal a distance of about 40 feet; the other is a tunnel or drill mine, the quality of the coal being the same in both. The tunnel mine is a little less than one mile from Wabamun, and from Wabamun it is a very gradual ascent to the portal of the tunnel, at which point the surface rises very abruptly to a height of from 75 to 100 feet above the railroad tracks, which is the average height of all the lands north, at an average of a mile from the railroad. There are at these two mines sufficient tools, cars, etc., to work them on a small scale. Veins of Coal, Character, Etc. There are THREE VEINS on all of the S80 acres. The first being thoroughly exposed and worked is encountered at a dis tance of from 30 to 35 feet from the surface and averages from FIFTEEN TO TWENTY FEET IN THICKNESS; the second is found at a distance of about 60 feet from the surface and has an average thickness of from FOUR TO SIX FEET; the third vein is found at a depth of about 90 feet from the surface and has an average thickness of from TEN TO SIXTEEN FEET. Only from six to seven feet has been mined, and taken from the lower part of the upper vein. Competent coal mining engineers estimate there are SIXTEEN MILLIONS OF TONS OF MARKETABLE COAL in the upper vein alone, and of the very highest grade of coal for all general purposes, found in Alberta. It is absolutely free from bone, slate, clay or other foreign matter and in a tow there is not one pound of clinkers; it burns with a light blue flame, a small ash, and large users of coal after giving this coal a thorough try-out say it goes from 17 per cent to 25 per cent fur ther than any other coal ever put on the Edmonton or Saskatoon markets, Cost of Mining, Etc. During the last winter the cost of mining, including the haul ing of the coal to Wabamun by teams, and loading on the cars, was less than one dollar and fifty cents per ton, but by installing a switch for a mile to the mine, building large bunkers, putting in the necessary machinery to mine on a large and economical scale, the coal can be mined and loaded onto the cars at a cost of not to exceed one dollar a ton. It is a dry mine, and there can never be any water troubles in mining from the upper vein. The coal is taken down with picks,no blasting, one miner being able to pick down from 20 to 25 tons per day, which makes it cheap mining; no heavy timbering is required and there is plenty of timber on the lands to last for many years to come. Markets, Etc. Every person who has lived in Edmonton, Saskatoon, or any of the neighboring towns and cities for the past six months or longer, is fully aware of the fact that the production of coal has never kept in sight of the demand. Much coal of a low grade has been sold on the streets of Edmonton the past winter which could not have been given away had coal from the SECURITY COAL MINES COMPANY, LTD., been obtainable. One large user of coal after having given this coal a try-out by using 2S car loads has made an offer for the entire output of the mine at a price which will net the SECURITY COAL MINES COMPANY, LTD., a profit of over ONE DOLLAR PER TON. The Company will probably put in its own retail yards at Ed monton, Saskatoon and other ton and make a profit of at least ONE DOLLAR and FIFTY CENTS a ton. Remarks One of the leading coal mining engineers of Canada, with an international reputation was employed to visit, thoroughly ex amine and, report on all the different mining coal districts of Al berta. In brief he reported to the effect that the coal now owned by the SECURITY COAL MINES COMPANY, LTD., is the best and highest grade coal for all general purposes found in Alberta, besides being the cheapest and most easily mine J, etc. He further reported that the quantity of the coal of even a fair quality to be found in Alberta, accessable to markets, cheapness of mining, no water or gas troubles, etc, is very largely over-estimated. It is within the memory of men of middle age that coal lands in the States were a drug on the market, “because there is so much coal it can never be worth anything,” and to-day that same coal is assessed at from $3,000 an acre and upwards. It will not be many years (prices move fast in this country) when such coal, quantity and quality, right on one of the big trunk lines of Canada, cannot be bought at less than from $2,000 to $3,000 per acre. It is only a few years since the iron lands near Du luth were considered almost valueless, “there is so much iron, all northern Wisconsin and Michigan is underlaid with iron,” and now even 40 acres of that same iron land spells a fortune. It sells now on a basis of from 25 cents to 50 cents per ton of iron underground. The great and far seeing “‘Jim Hill said in his sworn testimony in Washington, D. C., a few weeks ago, that he would not take one dollar a ton, cash, for the iron he owned in northern Minnesota, in the ground. He further stated the present generation has no idea of the future values of the iron, coal and copper mines of Canada and the States. After a ton of coal is used it is gone forever, while there is some salvage in iron and copper by re-using. Immediate Developments It is the intention of the SECURITY COAL MINES COM PANY, LTD., to develop their coal properties at Wabamun to the last degree of pfiracy and economy in coal mining, and it will be done under the personal direction of one of the best and most experienced coal mining engineers money can retain. There is to be no long-drawn-out intervening period between the present and the future period of fruition. Economy is the key note of this en terprise, and every cent derived from the sale of treasury stock will be put to the sole use of the mines, and getting out the coal, which spells D-I-V-I-D. At the very most only $800,000 of the capital stock will be issued now, thus leaving $200,000 in stock in the treasury for future use, with which to acquire more coal lands, develop more mines, or to whatever use the Direc tors may deem for the best interests of the stockholders. Dividends To pay an annual dividend of ten cents a share on 860,000 shares the company will have to mine and sell less than eighty thousand tons of coal a year. At a conservative estimate the company should pay from 15 per cent to 25 per cent. annual dividends, which with the increase in value of the coal should make the stock have an actual value of from Two Dollars up wards a share. A Conservative Estimate is that within two weeks after the railroad switch and other betterments are installed the tunnel mine can be shipping 100 tons a day, and gradually increase to a daily output of 1, 000 tons. In increasing the output there is no dead work like in copper or lead, silver, or gold mining, the work be ing gradual and all the time in shipping coal. The follow ing table will show in a measure what the net minimum profits will be based on only one dollar per ton profit, while the actual profits will be from a dollar and a half to two dollars a ton. No provision is made for the gradual increase but which is allowed for lost time, etc. For the first three months, 100 tons daily output......$ 9,000.00 For the second three months, 300 tons daily output. 27,000.00 For the third three months, daily output 500 tons... 45,000.00 For the fourth three months, daily output 750 tons... 67,000.00 Net profits for the first 12 months, as per above 147,000.00 At the end of the above 12 months it is proposed to have the mine shipping 1,000 tons daily. If the SECURITY COAL MINES COMPANY, LTD., should accept an offer made for its entire out put the net profits on a daily output of 300 tons will be over $400 a day, with profits per ton increasing with increased out put. The SECURITY COAL MINES COMPANY, LIMITED, has made its First Allotment of only 100,000 shares at 80 CENTS A SHARE (par value One Dollar; non-personal liability; non-assessable to the citizens and upbuilders of Edmonton and vicinity---exclusively. Next Allotment Will be at Par YOU should own some stock in the SECURITY COAL MINES COMPANY, LTTD., not only because the Directors of the Company knowing a good and safe investment have put their own money into it, but you should assist in making what will be the best coal mine in Alberta. REMEMBER that COAL is one of Alberta's greatest single assets. Application for shares may be made through any branches of the Royal Bank, or direct to the Company. WE ADVISE YOU TO CALL AND SEE US AT OUR HOME OFFICES TODAY, OR WRITE INCLOSING CHEQUE FOR THE NUMBER OF SHARES YOU DESIRE TO PURCHASE. ‘The money derived from sale of treas ury stock not being all needed at once, a limited num ber of shares will be sold on payments. The right is reserved not to fill any applications for shares by reason of prior sale, withdrawal from the market, or increased price. An assay, just made and received from the Alberta Provincial Government Laboratory, of the average samples of coal taken from the Wabamun mines of the SECURITY COAL MINES COMPANY, LTD., is as fu s0NOWS: Volatile Matter Fixed Carbon Moisture Ash 31.30 46.60 17.80 4.30 Total 100.00 The assay shows the very high quality of the coal, about 78 per cent. heat units, with a very small ash content.
Newspaper Details
Twice A Week Plain Dealer
Cresco, Iowa, US
Tue, Jun 18, 1912
Page 3
Full Page
Clipped by
Anonymous
CA 02 Aug 2026
Other Publications Near Cresco, Iowa
Twice A Week Plain Dealer
Cresco Iowa Plain Dealer
Cresco Plain Dealer
Cresco Times Plain Dealer
Atlas of Howard County Iowa
