Wonderful Progress on Two Queens Group of Mines. Gold in Rich Paying Quantities But Copper Likely to Exceed It in Value.
- Title:
- Wonderful Progress on Two Queens Group of Mines. Gold in Rich Paying Quantities But Copper Likely to Exceed It in Value.
- Alternate Title:
- Two Queens Mines
- Collection:
- Persuasive Maps: PJ Mode Collection
- Creator:
- May, Raymond T.
- Other Creators:
- Southwestern Investment Co.
- Date:
- 1907
- Posted Date:
- 2015-08-25
- ID Number:
- 1161.01
- File Name:
- PJM_1161_01.jpg
- Style/Period:
- 1900 - 1919
- Subject:
- Deception/Distortion
Money & Finance
Advertising & Promotion
Pictorial - Measurement:
- 29 x 41 (centimeters, height x width)
- Notes:
- A birds'eye view of the Two Queens Mines in Arizona is a centerpiece of this promotional brochure urging purchase of shares in the venture. (See also verso, ID #1161.02.) The map details the location of ore veins and "openings on veins." The shares are "TO BE A LISTED STOCK," and because another investor "is obliged to part with a portion of his large block of stock," this is "YOUR ONLY CHANCE" before "we firmly believe that this stock will quickly advance..."
The brochure includes the report of Raymond T. May, President of the Southwestern Investment Co. (the mine's promoter) on his "personal visit" to the site. Mr. May investigated with "the most scrupulous care... thoroughly... minutely... searchingly... into almost every conceivable detail." Specifics are provided about the five shafts drilled to reach the veins. Ore "selected at random by me personally... shows, by assay, to be of more than usual richness", and "show beyond doubt that besides Gold in rich quantities, the Two Queens is likely to develop into a fine paying silver and copper producer. Every indication shows this to be the case..." The brochure includes the report of the company's fiscal agent, Frank H. Horn, supporting these conclusions: "I do not see how conditions could be more in our favor for the rapid and economical opening up of this big property."
Alas, it was not to be; the scheme was a fraud from the outset. Among other things, the mine "did not have ore of the quality or of the quantity stated, and no shafts had been sunk thereon." Messrs. May and Horn and others were convicted by a jury and sentenced to Leavenworth prison, and their convictions were upheld on appeal (182 Federal Reporter 721, 1910).
For other maps in the collection related to fraudulent or suspicious financial transactions, Search > fraud.
For further information on the Collector’s Notes and a Feedback/Contact Link, see https://persuasivemaps.library.cornell.edu/content/about-collection-personal-statement and https://persuasivemaps.library.cornell.edu/content/feedback-and-contact - Repository:
- Private Collection of PJ Mode
- Format:
- Image
- Rights:
- For important information about copyright and use, see http://persuasivemaps.library.cornell.edu/copyright.