Last updated: 15 June, 2022 21:33
Waconda G.M. Co. Prospectus (1894)

The Waconda Gold Mining Company 1894 Prospectus

I added the colored image, source had a regular greytone, I've also corrected bad info, and added a Stock Certificate image + area location maps for claim groups.
The Waconda Gold Mining Company.
Of El Paso County, Colorado.
CAPITAL STOCK, $300,000
PAR VALUE $1.00
STOCK NON-ASSESSABLE.

OFFICERS:

  • Howard Logan, President.
  • Geo. H. Bodfish, Vice President and General Manager.
  • J. H. Seeberger, Secretary and Treasurer.

Office in Colorado Springs, Colorado. P.O. Box 1006.

Incorporated under the Laws of the State of Colorado.

Gold Mining.

Now that a single metal standard for a monetary system prevails by the greater nations of the world and realizing the possibilities of a greater extension of gold mining in the United States, the investor is turning his attention towards the Gold Fields of Colorado, and her wonderful gold resources.

The year 1892—93 has seen great discoveries of gold-bearing rock in Colorado. Her metalliferous veins out-number those of any other State or Territory. Several new and large districts have come into prominence since 1891, among them the gold producing region of El Paso County, which contains the great

Gold Fields of Cripple Creek.

About 1894 View of Town of Cripple Creek Looking East
About 1894 View of Cripple Creek Town Looking East

Which is situated almost at the western base of Pike's Peak. Prior to 1891, this region was only known to a few cow-boys and cattle-men, and wild deer and bears roamed the mountains, unmolested by man. To-day, in the heart of this region, there is a city of nearly 20,000 people, having a complete system of water works and electric lights; hotels, with all modern improvements; banks; churches; schools; two railways; a telephone company; three daily newspapers, and all manner of mercantile and professional business houses and firms.

The Mines of Cripple Creek.

There are in this region to-day over one hundred shipping mines, and new strikes of wonderful richness are a daily occurrence. It is estimated that the production of gold from Cripple Creek for 1894 will aggregate from $7,000,000 to $15,000,000.

The Waconda Gold Mining Company.

With the utmost confidence, we submit our company to our friends, believing that the properties we control are rich in mineral and will, upon further development, pay large dividends. We desire it distinctly understood that the WACONDA company is so organized that the stock is forever non-assessable and that the money derived from the sale of stock will be used for development purposes strictly.

The Mines of The Waconda Gold Mining Company.

The following five properties are controlled and owned by our Company:

Each claim is 1,500 feet in length by 300 feet in width, and are held under United States law; they are fully surveyed and recorded, and there are no debts of any nature whatsoever against the company's claims. These claims were located by an experienced prospector.

The Waconda is situated on Globe HillTenderfoot Hill, has a shaft thirty-eight in depth, showing a vein between granite walls of one and one-half feet in width, which averages at this time of $18 per ton. This claim has been pronounced by experts and conservative mining men to be a claim of great value. A contract for further development is about to be let and we believe in a short time will develop into a dividend payer.

On the Gift, which is near the Waconda, rich float has been found which will assay $500 per ton. A twelve-foot shaft has been sunk and a vein, which is the same that running through the Waconda, has been struck.

The Gold Cup, Silver Cup, and Tin Cup are well located claims {only known group with these names are on west slope of Cow Mountain]. Only the necessary assessment work has been done. We expect soon to sink upon them.

It is the company's intention to keep a force of men steadily at work. The Cripple Creek mines are all dry, and there is no danger of an influx of water.

Area Location of the Waconda & The Gift lodes group on the 1903 USGS Topo-Map
Area Location of the Gold, Silver & Tin Cup lodes group on the 1903 USGS Topo-Map

Capitalization.

The Waconda Gold Mining Company is capitalized for $300,000, divided into shares of $1.00 each, with 75,000 shares in the treasury. A block of 25,000 shares is now offered to the public at the low price of ten cents per share.

Correspondence is solicited. Samples of ore from the veins are on exhibition at the company's office in Colorado Springs; also at Denver; Union College, Schenectady, N. Y.; Troy, N. Y., and New Brunswick, New Jersey.

Address all orders for stock, and make all checks, drafts and money orders payable to

THE WACONDA GOLD MINING COMPANY,
Colorado Springs, Colorado.

Stock Certificate Excample:

Number 29 Stock Certificate, issued December 7, 1894
Number 29 Stock Certificate, issued December 7, 1894

 

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