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Remember this, even a $100 investment in mining shares possesses great possibilities for profit; such a venture may make you rich. Such things are numerous in mining history. One hundred dollars invested a few years ago in gold coin stock at 20 cents increased to $7,500 and paid 4,800 per cent. in profits. Home Mining Company paid $10,000 in profits for every $100 investment, and every $100 invested in Copper Queen has earned over $3,000 in dividends, and the company pays millions in profits every year. The Bonanza Mine of East Oregon was sold in 1896 for $100. In 1902 a 60 per cent. interest in this same property was sold by the exploration company who had bought it for $2,000,000 cash. The Independence Mine of Cripple Creek, a mere prospect in 1891, has paid about $30,000 in profits for every $100 originally invested in the shares when they were selling at 20 cents. The original shareholders of the Camp Bird Mine realized $8,500 for every $100 they expended. And so the long list goes on and on.

Of course every one who reads of wealth quickly made by this or that man by fortunate investment in some mining or exploration company, wishes that some such opportunity would present itself to him. He perhaps sees offered to the public the shares of mining companies actively traded in on the New York Curb. He halts between his desire for quick gain and profits and his doubts about the prudence of speculating in mines, and finally resolving to take a flyer, he buys the stock that seems to be the most active, or the one backed by the most extravagant promises, either of which is likely to be the most worthless of all. He is probably perfectly unfamiliar with mining and the tricks of promoters and curb brokers, and simply goes it blind. And when his speculation proves disastrous he wrongly thinks he has lost money in mining.

Still real mining or the selling of partially developed mines is the most profitable industry in America to-day, and for capital invested it pays a far greater percentage of returns than any other industry. The time to invest in mining is when a company is in its infancy. Then the investor obtains all the benefit of the rise in the prices of the shares that generally occurs when a mine is managed by competent and responsible men.

Now again. Two hundred dollars obtains a $1,000 interest in the Tri-State Development Company. Suppose you hold your investment for two or three years? Suppose the Tri-State Company meets with ordinary success and has distributed profits to the shareholders aggregating $1,000 for every $200 invested? Would such earnings on your investment be satisfactory? I take it that they would. Still such percentage of profit is not only usual in well conducted mining com

panies, but it would be unusual if this amount should not be distributed within two or three years after the formation of a company officered and protected by such men as form the directorate of the TriState Development Company.

But, you say, even acknowledging that Mr. Green and his associates are earnest, responsible, pushing business men, how do I know that my investment will turn our satisfactorily? Frankly, you do not know. But given a fair field for operations, a proven property and an able management by men of large affairs in other pursuits, and who have amply endowed their enterprise with their own funds-an interest in such a company is more than likely to succeed and to pay in profits an amount far outclassing any expenditure made at the initial stage.

Tell Mr. Green to reserve for you as much of an interest in his company as you may afford to take, or you may ask him to send you Mr. Harrison's report and a prospectus of the Tri-State Development Company. Although a very busy man, Mr. Green will find time to answer your letter personally if you desire to ask him questions, or prefer to pay for shares by remittances covering a space of six or twelve months. If it is possible for you to visit Mr. Green by appointment at his office, you will find doubtless such a visit profitable and instructive, for Mr. Green, aside from being a business man and merchant, has large interests in the mining world, and converses with rare intelligence with his visitors upon mining topics.

CABLE "STEBENTURE NEW YORK" CODE USED: ABC (5TH EDITION) TEL. 2280 STUYVESANT

STERLING DEBENTURE CORPORATION

BANK AND TRUST COMPANY STOCKS-INVESTMENT SECURITIES

TO AVOID POSSIBLE DELAYS

ALL COMMUNICATIONS
SHOULD BE ADDRESSED TO
THE CORPORATION, NOT

TO INDIVIDUAL MEMBERS.

133 EAST 16th ST., NEW YORK

February 19, 1912.

MR. JOHN

New York, N. Y.

Dear Sir:

The enclosed Referendum is being mailed to every shareholder of the Bartica Company, and is practically sure to result in the withdrawal of the Company's present offer of shares with Convertibles. As all whose subscriptions are registered before the present offer is withdrawn will receive Convertibles with their shares, and will also be entitled to a vote in this referendum and the right of first call on a pro rata portion of each yearly bond issue, we are sending the enclosed documents to those of our clients who, in our judgment, will be glad to take this opportunity to claim the special benefits vouchsafed to the original shareholders in this remarkable plantation enterprise.

Attached to the Referendum Form is a special blank for your convenience in applying for shares. This application when registered entitles you to vote in the Referendum. We suggest, therefore, that you fill out the Referendum Form at the same time and forward [it] to us so that your vote may be recorded simultaneously with your application.

Whatever opinion one may hold regarding political Referendums there can be no doubt that in the relationship between a Company and its shareholders the idea is as commendable as it is unusual. It is a practical recognition of the intimate relations which should exist between shareholders and Directors in all corporate bodies. It is an example of what should be, and a forerunner of what soon will be the basis of all corporations whose officers recognize their true obligations to the investing public.

Whichever way the vote may go, every shareholder has cause for congratulation on the fact that the Bartica Company has passed through, with such credit to its management, the difficulties that always confront a new enterprise of this nature, and is now entering on a new era in full possession of the excellent results which have been wrought out by that management—a record that cannot be surpassed

in thorough scientific efficiency by any other rubber plantation on the Globe.

The proceeds of the proposed bond issue will provide for putting at least 1,000 additional acres under rubber cultivation during the next twelve months in addition to installing the fibre factory and providing ample funds for the continued care of the fields already planted and approaching maturity. As the successive rubber plantings come into bearing you will receive larger profits than could be hoped for from any other agricultural enterprise.

Your application for such shares as you may desire will have our prompt attention.

Yours very truly,

8.T.
Findle

Vice-President.

CABLE "STEBENTURE NEW YORK" CODE USED ABC (5TH EDITION) TEL. 5750 MAD. SQ.

STERLING DEBENTURE CORPORATION

BANK AND TRUST COMPANY STOCKS-INVESTMENT SECURITIES

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Because of its advance information this is the most important letter we have ever addressed to you.

When we recently mailed to you a pamphlet on the Bartica Company it was to tell you of a place admirably adapted to the culture of rubber and which it was proposed to plant with Para rubber trees. The plans for the development of the immense estate were then well under way. On the basis of tapping the trees now under cultivation or being set out, the rubber estate would return very large earnings to the stockholders. But extensive explorations on the property have

resulted in remarkable discoveries, and a cablegram from Manager Withers now confirms the news to an extent which raises the value of Bartica shares to several times their par value.

When Mr. Henry C. Pearson, the foremost rubber expert of America, went to British Guiana, in behalf of the Sterling Debenture Corporation, to investigate the conditions and prospects of the Bartica Estates, he made the unexpected discovery that wild rubber trees were already growing on the plantation and expressed the opinion that the find indicated the possibility of an extensive growth of rubber on the Estate and advised careful examination of the forests before further clearing was done.

The management at once proceeded to act on the advice, but as the Company's property comprises fifteen thousand acres, being considerably larger than the Island of Manhattan (New York City), and is covered with tropical forest, it was cf course slow work to inspect it carefully and get any clear idea of the number of rubber trees. Under instructions from the Governing Director, Manager Withers has been carrying his investigations into the forest all over the concession. Recent letters from him reported the finding of Hevea growing in great profusion as well as quantities of Sapium, a tree producing rubber almost equal in value to Para. Some of these trees have been tapped and the rubber has come on to New York for examination and analysis. Although hastily cured, without proper facilities, all the experts who have seen it pronounce it of excellent quality.

Mr. Withers' work has been pushed steadily on, and his latest cablegram, rounding out his earlier information, states that further exploration indicates an average of twenty rubber trees to the acre throughout the entire tract. These trees, he states, range from 20 to 90 inches in circumference.

You will see at once the importance to the Bartica Company of this discovery. On Mr. Withers' estimate there are approximately 280,000 trees now ready for tapping which on the most conservative basis will yield five pounds of rubber per tree in the first year. At the present price of rubber (or even at only half the present price) you can readily figure out that this means an enormous income each year. There will now be no waiting for the trees to grow. All that is necessary is to clear paths to the rubber trees, tap and collect the latex. As rapidly as this work is pushed will the income increase. It may take a year to fully cover and open up the whole tract, but every day's progress will add to the earnings.

This work of gathering and handling the rubber can all be done with only a fraction of the capital which would have been required to

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