Newspaper Page Text
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DAILY ARIZONA SILVER BELT
Tuesday, January;?, :1907
" - . "" ;'
Prominent Mining Man Doos Not Be
liovo that Government Supervision
Would Bo a Good Thing Good and
Bad in All.
"Present-day methods enablo mining
and engineering men to determine tho
vnluo of their propcitics with so much
accuracy that there is no occasion wlmt
over for offering tltem to tho public un
til they have been so thoroughly inves
tigated that their prospective value may
bo known with reasonable correctness,"
said Major L. H. French in n Now York
paper, referring to the sentiment which
has arisen in liuancial circles in favor
of curbing by means of fedoral legisla
tion the many wildcat schemes which
have been the accomplishment of the
present boom in mining stocks. "The
great mining men of tho country," con
tinued -Mr. French, "conduct their en
terprises upon these principles, from
which they in no instance depart.
"Very frequently companies are
formed and stock sold simply on the
strength 01 ownership of mining claims
in some favorable locality, but where no
development work worth speaking of
lias been done. This can nevor bo jus
tified, even though sucn mines may ulti
mately produce largo dividends. That
which applies to all other enterprises
is equally true of mining investments.
Honesty in statements concerning a
company, as well as in its later conduct
and management, are tho only proper
guarantees of success. It has been sug
gested that some form f federal con
trol may be exercised, so that an inves
ligation into the genuineness of mining
companies' assets may bo made before
they are permitted to offer stocks to
the public. I can hardly see how it
would be possible for such control to bo
exercised, but any plan tending to that
result would bo more than welcomed by
thoso who put legitimate enterprises be
fore the public.
"Reputable concerns in every in
stance do everything in their jxiwer to
protect their clients from unprofitable,
- unsafe or wildcat schemes. '
Major French, who has long been
identified with mining and railroad in
terests on the Seward Peninsula of
Alaska, ami whose energy and push
have earned for him tho titlo of
"Alaska's Roosevelt," has just roturn
ed to Xew York from tho Greonwator
he has recently completed tho merger
of several rich claims and leases into
the Nevada-Greenwater Mining & Smel
ting company. It is in this section that
Charles M. Schwab, Senator W. A.
Clnrke, T. L. Oddie, 11. II. Rogers, J. 11.
Carstairs, F. A. Ileinze, the Guggen
heims and other milling experts have
invested several millions of dollars.
In response to an inquiry concern
ing the present boom in that section,
Major French said: "In tho present
merger tho claims constitute an asset
which is in no degree speculative,
which have cost a great sum of money
,ind which cannot fail to return tre
mendous dividends for many years. In
one instance fivo veins of copper oro
have been uncovered to an extent of
0,000 feet in length, 1,000 feet deep,
and nveraging from 8 to 32 per cent in
"Unfortunately, whenever a section
is heralded as' producing vast sums of
money as a result of mining, there in
stantly spring up a number oi so-cnlled
mining companies whose only claim to
merit is tho fact that they aro in the
favored locality. Such companies rare
ly state definitely facts which are sus
ceptible to investigation, nnd the lack
of responsibility on tho part of those
who father them is usually quite sufii
eient to stamp them :n worthless.
"It hns been customary for Nevada
companies to be formed with n million
dollars capitalization on the strength
or the ownership of n single lease. Most
such companies have been able to
make good and that has lent prestige to
the custom. Tho fact remains, how
ever, that such a practice is hardly le
gitimate; for a lease can scarcely bo
called property sufficient to form the
basis of a reliable company, no matter
how much money such companies may
have produced. 1 regard such leases as
wholly speculative and neither more nor
less than a good gamble.
"It If difficult to properly denounce
fake companies in the fact of tho fact
that most of the Nevada communes
which have been formed on such a
ilimsy basis as I have referred to have
managed to pay largo dividends to their
stockholders. The fact that southern
Nevada has produced so many paying
juines is, however, no defenso for sell
ing to tho public millions of shares in
companies which aro wholly specula
tive and the success of which has been
"due moro to luck and the richness of
that section than to careful examina
tion and a proper deslro to care for
the interests of tho purchasers of
Bisbco Constable Has a Warm Tim in
Trying to Pinch His First Victim
Man Slugged Him as He Was Being
Taken to Jail.
That the road which tho new office
holders have to travel is not strown
with roses until they got onto tho ropes
is evident from some of the experiences
through which sovoral of those who re
ceived tho majority of tho popular suf
frages at tho last election pnssod yes
terday, says tho Hisbco Review.
The first ouo to bo initiated into the
"stunts" of his now job was Constable
Dennio Twomoy. The now officer was
walking up Hrowery avenue when he
saw about a dozen men engaged in tho
ungcntlemnnly avocation of beating up
a fellow weighing about 130 pounds.
Tho constnble, being kind-hearted
felt sorry for tho under dog, and tak
ing him by the arm, advised him to go
his way and sin no more, but the offi
cer only received a heap of abuse for
his trouble, and as soon as ,he turned
his back tho embryo .lohn L. Sullivan
wont back to be beatnn up some more.-
The fellow was receiving a gonorous
amount of punishment when tho offi
cer again came up, and Twomey de
cided that the ambitious pugilist would
bo bettor off in jail. Tho constable
extended nn invitation to tho fellow to
accompany him, which was accopted,
and the two stnrted down tho street
together. Twomoy is n very rotiring
fellow, and not caring to hurt the pris
oner's feelings by letting ovoryoue see
that, he was under arrest, did not use
tho hnndctiffs, but simply walked along
beside tho man in a friondly way. Just
as the two turned tho corner at the
Bank of iiisbec to go up Main street to
the jail, the pugilist turned loose a right
swing which landed on the officer's jaw
anil pijt him down. Twomoy recovered
quickly nnd had his man on his knees
beggiug for mercy in a fow seconds, and
then took him to jail. In explaining
tho incident nftorwards the constable
stated that hereafter a man whom ho
arrested would have to show a certifi
cate of being a gentleman, otherwise he
would bo handcuffed.
THE BIG ELECTRIC COMPANIES
Must Advance Prices in Keeping with
Baw Material The Question of
NOGALES MAKES PROTEST
.Wants Railroad Direct from Cananea
and Offers $100,000 for It
Tho citizens of Nogalos, Sonora and
Arizona, are much disturbed over tho
prospect of railroad connections being
made botweon Cananea nnd Imuris di
rect. As a result the business men of
the towns have proffored to tho railroad
cash and ground amounting in value to
a bonus of $100,000 if they will build
the now line from Cananea to Nogales,
Sonora, direct, instead of to Imuris.
What the outcome will bo is vet im
possible to say. Tho Nogales peoplo
base their activity on the ground that a
line from Cananea to Imuris would ake
a largo amount of business from No
gales hat now goes to that point, turn
ing it over to Mngdalona and other
points. Cananea would of courso bon
efit more from the lino direct to Imuris
than .from a lino to Nogales and the
local feeling is. consequently highly fa
vorablo to tho construction of tho exten
sion by way of Cocospora to Imuris
aloug the lino of tho survey us now
being made. Cananea Herald.
Advertise in tho Silver Belt.
Tho News Bureau Says: The advance
in copper has had one unexpected effect.
Both the great electric companies, the
General Electric and the Westinghouso,
are now striving for better prices rather
than to get each other's business.. A
manufacturer recently declined the
price named by ono of tho big electric
companies, nnd was astonished to re
ceivo a letter of thanks from them for
declining tho price, and stating that if
he wished any other goods in that line,
tho present prico would bo so' much
higher. Ho filed his order instanly at
the higher (trice named.
The Westinghouso Electric company
has advanced the prices of most of its
heavy goods about 10 per cent, which
corresponds with tho advance made by
tho General Electric company Novem
ber 1. The Westinghouse Electric has
not followed the leud of the General
Electric, but has been steadily advanc
ing prices for the past three months
until the avcrago of the advances is
about 10 per cent in the lines of electric
apparatus affected. '
The advances are based wholly on
the higher cost of the raw materials
which enter into construction. The Elec
tric company uses about 4,000,000 lbs.
of copper monthly at its East Pittsburg
works, which it is obliged to buy large
ly in the open market. As the com
pany is not covered with copper for any
length of time ahead, it fills its require
ments from time to timo at the mar
ket price. Steel, pig bars, tin and all
metals are also from 20 to 30 per cent
higher than last year.
Both of tho electric interests are look
ing for copper mines. It is said that
tho General Electric company ,has in
vested somewhere near $l,0u0,000 in
copper properties and has expectations
of good returns some time in the future,
while George Westinghouse has been
wrestling with a half million dollar cop
per mining investment in Arizona.
Botli these companies would do well
to consolidate thoir copper mining in
terests, pick up some cheap copper mine
on tho Boston market nnd develop it
jointly, remembering that at the pres
ent time it takes moro than $2,000,000
to make a good copper mine, but as
these interests consume over 12o,000,000
pounds of copper per annum, they might
just as well understand that together
they have not enough money -to buy
half that amount of production in the
form of a profitable mine. Both of
them would have done better to have
bought Calumet & Ilecla or Anaconda
instead of investing money in copper
If Mr. Westinghouse, however, fails
to make a good eopper mine in the
southwest, it will be about the first
failure ho hns over encountered, for he
has a phenomenal record of successes in
The Westinghouse works are crowded
with orders which aro now booked for
months ahead. In spito of an increase
in floor area during tho past fourteen
months of over 1,000,000 square feet,
tho company is still cramped for space,
and in some of tho shops temporary
stagings have been erected in tho aisles
to give greater room.
A Westinghouso mnnnccr attributes
much of tho rush in fall business to
tho growth of central power station
business throughout tho country. Cen
tral station officials have found that tho
expansion of business this fall has
wiped out their rcsorvo margin of power
and that it was necessary to build up
a new margin of safety by Installing
Girls! girls! girls! Wantod nt Globo
Employment Oftico, room 4, ovor
WANTED-To hire or purchase a whim.
Apply J. H. Lucas, Keegan building.
WANTED Young lady wants to assist
at housowork or gonoral housework.
WANTED Second hand tont, cook
stove, bed spread and springs. Ap
ply Silver Belt.
WANTED A small furnished houso
closo iu and reasonable Address E.
L. P., this office.
WANTED A good copper prospect;
will lease and bond or do develop
ment for interest. Address G. II. P.,
WANTED Promoter and operator for
oloven compact equipped gold and
copper mines on puy basis. E. F.
Koljuor, Globe, Ariz.
WANTED A job by a flrst-daps min
ing blacksmith. Inquire Webster
FOR RENT Furniahcd room, Nob
Hill, 2 blocks from Broad street. Ap
ply to Mrs. ueall, opposite u. M. Al
TO RENT Furnished
Munzanitn, noxt to
rooms at tho
terms. Globo Real Estate Office.
-Will build a fow cottages
iu East Globo; cull for
FOR RENT A throe- room house close
in. Inquiro of Mrs. Alfred Kinnoy,
opposite Kinney house.
FOR RENT Throe-room houso with
water. Inquiro of Georgo Schmidt,
North Globe on Black Warrior road.
FOR SALE-Two lots, Pascoe Hill.
Mrs. C. E. Fruin, second door west
FOR SALE Large Columbia grapho
phone, two hundred needles, fifteen
disks, good order, $30. Inquire this
FOR SALE OR RENT Four-room
houso iu East Globo addition, well
furnished. Call tit Globo Livory Sta
FOR SALE Tho proporty owned by
Miss Borqucz betwe'eu Charles Tay
lor's residence and tho Methodist
church. Apply to Miss A. Borqucz,
817 West Thirty-second street, Los
An go! os, Cat.
FOR SALE We will sell our ontlre
Roosevelt business, including stock,
building, fixtures and waterworks. In
quire either at Sultan Brothers nt
Globe, Ariz., or Sultan, Newman &
Co., Roosevelt, Ariz. Sultan, New
man & Co.
Franz Lumber Co.
Lumber, doors, windows, paints,
oils, varnishes and cement. All
kinds of builders material
Sole Agents for Douglas Cement
Yards located on Railroad Street one block
west of the Court House.
A Chance for every Lady to get a new dress for
WE HAVE RECEIVED A LARGE
CONSIGNMENT OF THE WELL
KNOWN NOERA SUITINGS AND
WE ARE OVERSTOCKED, AND IN
ORDER TO CLOSE TIIERT OUT WE
WILL SELL THEM FOR
THESE SUITINGS ARE FIFTY-SIX
INCHES WIDE AND ARE ALL
WOOL AND ARE WORTH DOUBLE
THE PRICE WE ASK FOR THEM
IN ALL THE LEADING COLORS.
SOME OF THESE ARE JUST WHAT
YOU WANT FOR YOUR CHILDREN
FOR SCHOOL DRESSES.
REMEMBER WE ARE MAKING A
REDUCTION OF TWENTY PER
CENT IN OUR MILLINERY DE
BARCLAY, HIGDON & CO.
.Single and Double Teams
STOLEN Two horses, one bay .brand
ed II left shoulder, ono white hind
foot, blazed face, very gontlo; ono
Pinto horse, branded dim on left
side, four white foot nnd bald faco;
stolen from B. E. Williams, Copper
lull. J-or return of horses axd riders
I will pay $50 and for return of
horses alouo will pay $10.
LOST Bay mare with halter, branded
J). M. Pollard, wholesale grocer; re
ward. Box 1131.
LOST Pension papers, dcc"d of Cali
fornia real estate and two stock cer
tificates of Globe Standard made out
to .lack Sherwin. Leave at this office.
QUICKEST, EASIEST AND CHEAP
est way to secure work. Globe Em;
ployment Agency, room 4, over Brown
FOR RELIABLE HELP telephone 1701,
Globe Eiu ployment Agency, room 4,
over Brown store.
Notice is horeby given that the an
nual mooting of the stockholders of the
Arizona Enstcrn R. R. Co. will be held
in the office of the company in tho Hit
tinger Bldg., at Tucson, Arizona, on
Tuesday, January 8th, 1007, ut 2:30 p.
Dated at Tucson, Arizona, December
7th, 1900. CIIAS. E. WALKER,
We are carrying a splendid assort
ment of cut glass and imported Japan
ese and Chinese ware. Anything in this
line can be had at tho Old Dominion
store and the prices will not scaro you.
Hay, Grain & Coal
A Specialty made of Fine Livery Rigs
W. R. NORTON Architect
Upstairs, Oates-Wightman Bldg.
Knights of Columbus
Meet first and third Tuesday of every
month at Fernnnn's hall.
O. R. FEIST, P. S.
Hero's a Snap
Will exchange for property in Globo,
J00 ncres of as lino a piece of fnrmir,
land as is to bo found in Column i.
Hannwnlt Bros. & Pitts.
Van Wagonen at tho Postoffico stoio
has u largo and fino lino of toys. Drop
in and see them.
Stock companies incorporated. If you
hayo stocks or bonds for sale, let me
try to sell them for you. George M.
Kellogg, broker, 540 EUicott square.
Will sell or trade for Globe property
one-half interest in three mining claims
in the Pinto creek district. '1 his is a
chance to make a splendid investment.
COMMERCIAL MINES & REAL ESTATE.
Get your cheeso at Murphy's. It'
nico and wholesome. Swiss nnd lim
burger, imported cheese at Murphy's.
Decorate Your Home
Go to Ryan's for a varied assortment
of wall paper.
United Drug &
Just received a large consignment
of the very latest
Victor and Edison Phonographs
We keep Records without end. Large and varied
assortment of sheet music on hand
Just north of bridge
Pont get in a Rut!
Dont be a Clam!
Kl flEK&j JH9H
You may need
Before long. If
you do call on
0. R. Feist
The Broad street
chant and Expert
BY READING THE
You -will always know what is
going on in Globe and
the outside world.
Can be read in the DAILY
ARIZONA SILVER BELT, a
few hours after the news oc
curs and from 24 to 48 h urs
before any other paper con
taining the same news arrives
in Globe. It costs no more.
Tell the carrier you want it,
or call us on tt e 'Phone.
$.75 per month
ALL THE MINING NEWS OF THE GLOBE DISTRICT
ALL THE LOCAL NEWS OF GLOBE.
ALL OF GILA COUNTY NEWS.
ALL OF ARIZONA NEWS.
ALL OF EVERYWHERE.
Do you want to know how you can
got a stylish dress for $.'S.25. If so call
at The Old Dominion Commercial Co.
and ack to boo our lino of Nona suit
ings. Remember wo carry n full lino of
shoes and rubbors. Tho Old Dominion
Twenty per cent reduction on all hats
in our millinery department. Tho Old
Dominion Commercial Co.
Finest line of ART SQUARES ever ex
hibited here. Also a Splendid Assort
ment of RUGS, all grades and all prices.
COMING Will be here next week, four
carloads of mixed Furniture, the newest
styles and embracing everything.
J. P. McNeill's aXf"
The job department of the
ARIZONA SILVER BELT is
unsurpassed in the territory.
All kinds of printing and book
work; prospectuses and briefs; '
finest and Eeatest work ob
tainable. Prices will suit.