MINING COMPANY, 
 
 Incorporated under the Act of the State of New-York, entitled "An Act to authorize the formation 
 of Corporations for Manufacturing, Mining, Mechanical, or Chemical purposes," passed 
 
 February 17, 1848, and amended June 7, 1853. 
 
 CAPITAL $1,250,000. SHARES $5 EACH. 
 
 President. 
 JAMES D. SPARKMAN. 
 
 JAMES D. SPARKMAN, 
 P. WENDELL GROOT, 
 BENJAMIN DOUGLASS, 
 
 Trustees. 
 
 JOHN COMPTON. 
 
 Vice-President. 
 P. WENDELL GROOT. 
 
 JAMES W. OSBORNE, 
 SAMUEL T. ARMSTRONG, 
 EMMOR GRAHAM, 
 
 Office of the Company, No. 18 Trinity Buildings,} 
 BROADWAY, NEW-YORK. f 
 
 The object of this company is to work two of the most valuable Gold and Copper Mines in North Carolina. These 
 Mines are located in Mecklenburg County, North Carolina, known as the Rhea and Catha Mines, and consist of two tracts 
 of land ; the one containing five hundred and seventy-five acres, and the other of one hundred and twenty acres. ^ The 
 former of these tracts is situated within nine miles of the village of Charlotte, North Carolina, and the latter within five 
 miles. This village is the terminus of the Charlotte and South Carolina Railroad— running to Columbia, South Carolina, 
 and thence connecting with Charleston, South Carolina, and also of the North Carolina Railroad, extending eastwardly to 
 Beaufort, Wilmington and Norfolk. 
 
 To show the value of these mines, the following report by Professor Emmons, at present the State Geologist of North 
 Carolina is submitted. 
 
 • . Charlotte, May 26, 1853. 
 
 P. W. Groot, Esq. 
 
 Sir, 
 
 In pursuance of my duties as Geologist of North Carolina, I have made a survey of the Rhea 
 property, situate in the County of Mecklenburg. This property consists of five hundred and seventy-five acres of land, with 
 veins of minerals carrying both Copper and Gold, and the necessary buildings for the accommodation of a plantation. The 
 land is well located on a traveled route, and is pleasantly situated as to scenery, beauty and health. 
 
 The vein of the metals occur in three clusters. The first and most westerly cluster is made up of four veins parallel, 
 taken in pairs thus — 1 and 2 parallel to each other ; 3 and 4 also parallel, or nearly so. 
 
 The course of one and two is N. 10° E. No. 1 has been worked to the depth of seventy 
 feet. It has furnished several pockets stated to have been worth from $6 to $1 per bushel. Its 
 average yield, taking the whole vein, has exceeded one dollar per bushel. The width of the 
 vein, which is now from nine to twelve inches, has increased, &c. with its increase in width, it 
 has also increased 'very perceptibly in the amount of Copper pyrities. This accounts for an im- 
 portant fact, for the yield of Gold has apparently diminished with the depth. Not because the vein carries less Gold, but because 
 the ore has passed from the brown oxide above to the Copper pyrities below. This is now a well known change. It would be 
 an unfair representation of the value of the vein if we omitted to mention the fact, that the only method pursued at this 
 time for obtaining the Gold has been by the drag mill, a mode which, while it answers a very good and useful purpose for 
 amalgamation where the quartz is already pulverized, but is not at all adapted to the works of reducing it to a powder. 
 We have, therefore, sufficient ground for believing that considerable Gold still remains in the sand which has passed through 
 mill. 
 
 This vein is well formed and traverses a hard rock, with regular and distinct walls, and so far the facts go to prove that 
 it will continue in its present course. 
 
 As this vein has changed its condition materially from the depth of fifty feet to seventy, by an increase of Copper pyrities, 
 which is scarcely mixed at all with iron pyrities, it is highly probable it will still continue to change, and finally to become a 
 good Copper vein. 
 
 This may be expected at the depth of one hundred feet. 
 
 The third vein runs in an oblique course to the first, and for a distance of several hundred feet lies to the West of 
 No. 1, which it intersects as represented in the diagram. This vein upon the hill has been worked one hundred feet deep. 
 Portions of this vein were found to yield $6 to $1 per bushel ; vein-stone resembles the former. At the bottom of the hill 
 at the branch, it is worked only to the depth of six feet, and the vein is still all standing South of the branch. 
 
 Southward these veins may be traced about one mile, and North of the branch one-fourth of a mile. 
 
 These two veins constitute a mine in themselves, and will warrant the erection of a steam engine for working them, when, 
 if the mining works are properly conducted, will pay a handsome profit to the owners. 
 
The second cluster is about a one-third of a mile Eastward. There is, however, only one vein which has been worked. 
 It is three-fourths of a mile long. 
 
 Shafts have been sunk upon it at various places and much Gold obtained, but the value of this vein is not yet fully 
 tested, its length and regular course show that it is a strong vein. 
 
 It has been worked only to the depth of thirty-five feet at one shaft, portions of the vein yielded here three to four 
 pennyweights to the bushel. It has been worked in the same rude, imperfect way as those already noticed. , 
 
 The third cluster of veins is South-Westerly from the latter. The vein here is narrow, being only from four to six inches 
 wide. It is worked thirty feet deep and has yielded three dollars to the bushel. 
 
 The walls of this vein are hard and not so easily drilled as the former. It is like the others, however, sinking down 
 vertically. Without placing an undue value upon this last vein, there is scarcely a doubt respecting the permanence and 
 value of the two first, which I have briefly noticed. 
 
 The first is like the others, a decided indication that the vein will be permanent. 
 
 Persons therefore who feel disposed to engage in mining, may safely make an investment in the Rhea property. 
 The capabilities of the soil are not to be overlooked, for with a tillage adapted to the nature of the soil, the plantation 
 itself will furnish a source of gain. 
 
 Its agricultural and mining capacities, therefore, are recommendations not always connected together, or met with upon 
 one plantation. ( Copy.) E. EMMONS. 
 
 For further information as to the mineral value of these lands, the following communications from gentlemen of high 
 character, and great experience in mining, are submitted. 
 
 " On the Rhea estate two distinct veins have been discovered which run parallel to each other in a direction North-East 
 and South-West, and separated at a distance of- a quarter of a mile. Besides a third vein running nearly East and West. 
 These veins have been worked profitably for several years, and are at this time worked with the rude machinery of the 
 country, as much so as ever by the proprietor. It has not been my fortune to know a mine in which the results have been 
 more beneficial when the capital and skill have been so disproportioned. The dip of the veins is nearly vertical, enclosed in 
 a wall of slate, and has promise of great permanence. The premises afford an advantageous water power, and the whole 
 land is of high agricultural value, and lies beautifully — is well timbered, and has numerous buildings well constructed and 
 arranged for the accommodation of hands. The veins have hitherto been worked for Gold, and the yield per bushel, by the 
 coarse machinery of the country, has varied from one dollar to five dollars per bushel — while the assay value of the ores will 
 rise from four dollars to fifty per bushel. At the water level a depth of forty to sixty feet, there are exhibitions of Copper, 
 both in the form of carbonate and sulphuret, which, as operations have discovered, have uniformly increased in volume and 
 richness. The mine, in my opinion, without particularizing more at present, is one of the most valuable in the Southern 
 States — and I find this is its reputation in the immediate vicinity, among the people who are acquainted with it by practical 
 experience." 
 
 " This tract of land lying in Mecklenburg County, North Carolina, consists of five hundred acres or more — is located 
 in one of the finest agricultural regions in the South, and for the purpose of cultivation in consequence of the proximity of 
 the Railroad, (nine miles,) is very valuable. It is remarkable, however, for the number, uniformity and extent of its veins 
 of Gold and Copper. Most of the Gold veins in the South are found on hills of quartz and slate of greater or less magni- 
 tude — and generally give derived evidences of volcanic action. The mining surface of this plantation is, however, remarka- 
 ble for its evenness, and in fact is more nearly a perfect level than most farms in the region. Two of the veins which lie 
 parallel to each other at a distance of a quarter of a mile, are traceable for nearly half a mile, without the slightest inter- 
 ruption. Shafts have been sunk at the distance of one hundred yards along these veins for the space of a quarter of a mile 
 and the ore has been found abundant and accessible in veins of eight inches to a foot in thickness, and of the uniform 
 value of $1 85 per bushel — weighing one hundred pounds — or $35 to $40 per ton. The exhibition of Copper at two of 
 these localities is very striking, and the Copper, which consists of sulphuret and carbonate, increases as you extend below the 
 water level." 
 
 "The Catha farm consists of one hundred and twenty acres, situated within five miles of Charlotte, the terminus of a 
 railroad which connects the surrounding country with Charleston, S. C. as its market — and is well timbered and of good 
 agricultural value. It affords two veins, crossing each other, which at the deplh of 18-20 feet, the extent of the operations 
 at present, afford a valuable Copper sulphuret. The vein at this point is from two to three feet wide, and the ores, what I 
 have seen, are worth thirty per cent, and promise to be very extensive." 
 
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