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Newspaper
Sedalia Evening Sentinel
Location
Sedalia, Missouri, United States of America
Date
Apr 29, 1902
Page
6
A short, promotional note hints at wealth and comfort as goals and urges readers to study the advice carefully. It mentions S. J. Hatch of Kansas City as a consul and suggests readers will gain meaningful knowledge without being told how to become rich quickly.
Tipton readers cheer as Merrell Lead Mining unveils a rich strike at Brady Diggings near Tipton. Early returns show 81.9 percent lead ore with plans for a 100 ton mill and substantial future output. The article compares the field to Cripple Creek and credits open books and stockholder trust for strong investor demand.
Article extols mining over banking with claims of higher dividends and wealth creation. Cites Mackeys Fields Baldwins and census data, then reports Joplin Missouri growth, payrolls, and development in Moniteau County. Notes Zincore zinc ore price rise to 37.50 and strong market, few surpluses, smelter costs.
Chicago Methodist minister Robert McIntyre defends his funding of a Klondike miner, saying his action was a matter of principle not taint. He cites no scruples, asserting Sermon on the Mount and commandments do not apply to the case.
Expert James H. James presents optimistic views on the Se dalia Capital lead district in mining and milling. He cites ore extractable at under 10 dollars per ton with about 40 dollars per ton net profit, abundant water, fuel, and labor, and notes the Quigley mine shaft and stope show an unusually mineralized ore body compared with Joplin and Flat River properties.
Merrill Mining Company reports two drill holes near Greenhorn shaft six miles southwest of California uncovering a fifty six foot face of zinc and lead ore. Ore grade 10 to 25 percent with 85 percent purity, enough to feed two 100 ton mills day and night for over twenty five years. Claims over one million dollars in ore in sight, rivaling Fortuna ore.
The Hudson mine and mill near Carthage, Missouri, with 40 acres, sold to St Louis investors led by John Morton. Reported price around 200000, though not confirmed. The mine, among the district’s most valuable zinc properties, yields about 3000 in weekly dividends and began operations within six months.
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