4322. (Barton Landing, Vt. ) Please report in the "Investor" the present condition and prospects of the Bankers' Gold Mining Co., on Bull Hill, Cripple Creek, Colo.

Ans.: The company is capitalized at 1,250,000 shares, par value $1; principal office, 206 Ernest and Cranmer Block, Denver, Colo.; president, W. H. Chittenden; secretary, H. S. Morgan. The company owns the Shertloff, Grouse, Star of Bethlehem, New Discovery and Mollie W. claims, aggregating about 13 acres, on Blue HillBull Hill, Cripple Creek, part of which ground is patented and the remainder unpatented.

There are seven sets of lessees working different portions of the property, subject to royalties, and a shaft is being sunk, already about 400 feet deep. The company owes about $10,000, mostly to stockholders for money advanced, the remainder being unpaid salaries to officials. It owns 300,000 shares in the Garfield Consolidated Gold Mining Co., received from sale of property to that company, the stock of which company was quoted on the Colorado stock exchanges on Saturday, July 29, at between 13 and 14c.

The property of the Bankers' Gold Mining & Milling Co. is well located, adjoining the Union Stratton's American Eagles and Garfield Consolidated properties. Highest price of shares in the history of the company, 23c., viz., in 1896; highest price since sale of a portion of its property, 12c.; lowest price, 7c.; price on Saturday, July 29, between 9 and 10c.

The money in the treasury is being used in the development of the property, with reasonable probability that it will become an ore shipping, dividend paying mine. One of the officials states that the owners of a controlling interest in the company acquired the property in 1892. Not long ago they were offered 16c. per share for such controlling interest, but asked 60c.