[Illustration: S. G. & N. bond (_David Lavender_)] STATE OF COLORADO United States of America. FIRST MORTGAGE SIX PER CENT GOLD BOND The Silverton, Gladstone _and_ Northerly Railroad Company. [Illustration: Silver Lake mill at Waldheim (_Silverton Variety_)] [Illustration: Mogul mill at Gladstone (_John B. Marshall_)] [Illustration: Old Hundred mill on the S. N. (_John B. Marshall_)] [Illustration: Eureka and the Sunnyside mill (_Silverton Variety_)] [Illustration: Pushing cars up to Animas Forks. (_Morris W. Abbott_)] [Illustration: Gold Prince mill at Animas Forks (_Silverton Variety_)] [Illustration: The Gold King mill at Gladstone. (_Morris W. Abbott_)] [Illustration: A passenger train on the S. G. & N.] [Illustration: Silverton Smelter on Cement Creek. (_Morris W. Abbott_)] [Illustration: Green Mountain mill on the S. N. (_John B. Marshall)_] [Illustration: Silverton (_Colo. State Highway_)] [Illustration: Columbine day at Silverton. (_Mrs. Louis Puls_)] [Illustration: The Silver Lake mill and cables to the Shenandoah mill. (_John B. Marshall_)] [Illustration: S. G. & N. coach No. 2 (_John Keller_)] [Illustration: The zinc train. (_Mrs. Wm. Terry_)] [Illustration: Engine 34 at Silverton. (_Lad G. Arend_)] [Illustration: Engines 3 and 4 at Silverton. (_R. H. Kindig_)] [Illustration: Train entering a snow cut in the S. N. (_Joe Dresbach_)] [Illustration: Bucking snow with Engine 4 on S. N. (_Edward Meyer_)] [Illustration: Engine 4 turned over into the Animas River. (_Edward Meyer_)] [Illustration: Silver filigree, 2.7 by 1.5 inches (_C. W. Gibbs_)]