Cripple Creek Gold Min. & Dev. Co.
4747. (South Manchester, Conn.) Will you give a report of prospects and business capacity of the managers of the Cripple Creek Gold Mining & Development Co.? The stock is being offered at 2½ cents per share by the Kendrick Promotion Co., of Denver? Is this a preferred or treasury stock? Please give a full report.

Ans.: This company owns four patented claims in the extreme northern portion of the Cripple Creek district, and eight claims on the southern edge of the district. The company is awaiting developments on adjoining properties. The stock is purely speculative.

Cripple Creek Gold Mining & Development Co.
4747. (South Manchester, Conn.) Will you give a report of prospects and business capacity of the managers of the Cripple Creek Gold Mining & Development Co.? The stock is being offered at 2½ cents per share by the Kendrick Promotion Co., of Denver. Is this a preferred or treasury stock? Please give a full report.

Ans.: It has been suggested that the answer to this query published in the "Investor" of Feb. 17 is not sufficiently detailed and may create an erroneous impression.

The company is capitalized with 2,000,000 shares, and the latest report is that there are 150,000 shares and $2,000 cash in the treasury. The officers are men of repute. The company owns:
1. The Vanderbilt, Mount Rab, Charlie Ross and Goodwill claims, representing about 40 acres, all patented; on Oil Creek in the northeast quarter of section 33, and northeast quarter of section 28, township 14, south, range 69, west, being, as stated in previous answer, in the extreme northern portion of the Cripple Creek district. The Charlie Ross and Vanderbilt are said to have good veins exposed, running from $6 to $27 per ton.
2. Also the Fortuna, Gertrude, Juvia, Kirkland, Elizabeth, Annie L., Hattie C., and Dorothy, about 75 acres, in process of patenting, on the north slope of Straub mountain, being on the southern edge of the district, as stated in previous answer.

The latter group is in the vicinity of some of the recent good strikes, and considerable development is being done in the neighborhood. The Woods Development Company is now sinking two development shafts, one to the north and the other to the south of the latter group.

The Kendrick Promotion Co., Denver, and Messrs. William P. Bonbright & Co., Colorado Springs and London, each underwrote a block of 400,000 ordinary shares, or an aggregate of $800,000 ordinary shares (not treasury), and placed the same on the market, as stated in the prospectus, "as a purely speculative investment," as the price of 2½ cents unmistakably indicates.