The Profit Gold Mining Co.
5089. (New York, N. Y.) The Profit Gold Mining Co., mines located at Cripple Creek, Colo. The stock is being offered for sale by Mr. H. G. Curran, at 309 Broadway, New York city. I would be pleased to have you give me all the information you can in regard to the above company, as to the amount of ore they have in sight, the ability of the management, whether the stock is a good investment and the chances of an early dividend.

Ans,: The Profit Gold Mining Company was incorporated in January last under the laws of West Virginia. The total capitalization is $1,000,000, divided into 50,000 shares of a par value of $20 per share. The Prophet mine is held by this company under bond and lease. The claim is located on the south slope of Calf mountain.
Besides the Prophet claim, the Profit Company also controls the Golden Fleece group, of San Juan county, Colo., having purchased it from Messrs. Hill and Hanson. This property consists of five claims, the Golden Fleece, Golden Fleece Extension, Mantenotte, Union and Double Eagle. The shafts on the Golden Fleece have been extended to a depth of about 135 feet.

There has been no Profit Company stock sold to the general public, we understand, and no price has been fixed upon the shares by the management. The mine is a prospect, as yet, and we should not look upon the stock as a secure investment. The dividend prospect is not to be considered as yet.

The officers are Dr. Lambert Weitz, president; Wm. Brice, vice-president; H. G. Curran, secretary and treasurer. With the exception of Mr. Curran, who has been connected with the Prentiss Investment Company and a number of small mining enterprises, the officers are unknown in this country, the president being of Dusseldorf, Germany, and the vice-president of Paris, France.