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DAILY ARIZONA SILVER BELT
-rti m mb aapnMM
PROTECT YOUR HOME
Acme Fire Extinguisher
Buy it now and
GLOBE HARDWARE CO.
Odd Fellows Building
Fuel Feed and Groceries
Telephone 751 Store Opp. Depot
Franz Lumber Co.
Lumber, doors, windows, paints,
oils, varnishes and cement. All
lands of builders material
Sole Agents for Douglas Cement
fards located on Railroad Street one block
west of the Court House.
IN UNITED STATES
Interesting Summary of Gold in this
Country ns Traced by Director of tho
Mint, Goorgo E. Roborts An Amaz
ing Mass, of Statistical Facts.
By Associated Press.
WASHINGTON, I). C, .Inly
Tho retiring diroctor of tho
Goorgo 10. Roberts, has been for n num-
lior of years conducting an inquiry for
tho purposo of vonfying tho trciisury
estimates of tho stock of gold in tho
United States, or of tracing errors
therein, and today gavo out fho follow
ing summary of his conclusions:
For n muubar of years tho treasury
estimates of tho stock of gold in tho
United States lmvo been questioned by
competent students, who have believed
them to bo high. Tlio amounts roportcd
to bo in tho treasury and in tho na
tional banks are not disputed, but the
largo residue assumed to bo in othor
banks and in circulation is considered
a doubtful quantity. For oxamplo, tho
estimato for Juno 30, 1900, was ns fol
lows: United States treasury $801,310,135
National banks 118,513,281
National banks by clearing
house certificates G9, 107,000
Othor banks nnd in circula
The Finest Resort in Globe
Popular with all classes winter and summer. Re
freshments of all kinds. Choice Cigars, Wines
lililz and Anheuser-Busch Beer always on Draught
JA n r y j X WiW f
How About Your
Don't wait until you
are entirely out S
We are better equipped now than
sver before to furnish your print
tog with neatness and dispatch
Don't wait for us to call
on you. Just ring up Main
231. We'll do the rest
Tho report of tho comptroller of tho
currency for 1900 shows that stato and
othor banks not in tho national sys
tem roportcd to him ns holding on that
(Into a total of $51,397,081 in unclassi
fied "cash," and $7,027,G29 in "spe
cie." Allowing tho usual porcontago
of this to bo gold and making soino fur
thor allownnco for private banks not
responding to tho comptroller 'a unoffi
cial inquiry, $100,000,000 is considered
a fnir estimate for tho gold coin in
banking institutions othor than na
tional. Tho laws of the stato of California
require tho monies of tho state, county
and municipal governments to bo kept
in tho immdiato custody of tho treasur
ers, and this is held to mean that the
cash must bo in tho vaults of their
ofllccs instead of on doposit in banks.
Tho aggregate amount of gold coin
so hold in tho state of California on
tho first Monday in July, 1900, was
$20,151,409. Theso aro tho only largo
holdings of gold of which thoro is defi
Tho totnl, thcrcforo, of gold which
may bo said to have been in sight in
this country on Juno 30, 190G, was
$1,112,201,825, leaving $3G0,793,384 to
bo considered "in other banks and in
circulation." For this last item it is
evident thcro can bo no exact figures.
Tho sum total is arrived at by tho
method dscribed below, and after tho
analysis abovo given is mado tho re
mainder is assigned to tho unknown
f Tho treasury cstimnto dntcs from
Juno 30, 1873, when Dr. Henry R. Lin
dcrninn, director of tho mint, estimated
the total stock of tho country at $135,
000,000. Tho conditions then wore fa
vorable to a closo estimate. Tho coun
try was on a paper basis, and tho stock
of gold comparatively small. Dr. Lin
dermnn in framing his estimate, said
that ho had taken the amounts in tho
treasury and national banks and added
an allownnco of $20,000,000 for tho
amount in circulation on the Pacific
coast and $10,000,000 for tho holdings
of tho public in other parts of tho
Since 1873 tho coinago of tho mints
and tho imports of of United States coin
have been regularly added and tho ox
ports of United States coin and an al
lownnco for tho ninount consumed in
dustrially have been regularly deducted.
By this method tho estimate had been
built up from year to year to tho table
Tho possiblo sources of error, as theso
estimates aro carried along, aro three, to
1st. Errors in custom house roturns
of coin imports and exports.
2d. Errors in estimating tho indus
3d. Tho unrecorded movement of
coin in and out of tho country in tho
inimcdiato possession of travelers!
It is evident that if errors under theso
heads should bo cumulative thoy would
becomo important in a long term of
years, evon though inconsiderable in
any singlo year. Whntovor errors oc
curred would affect tho amount assigned
to "other banks nnd in circulation,"
tho sums in tho treasury and national
banks boing definite and official.
Among tho most intelligent and woll
informed of tho critics has bconMau
rice L. Muhlcman, for many years an
official of tho treasury dopartmont. Ho
has several times roviowed tho esti
mates and given cogent reasons for
bolicving them too high. Tho director
of tho mint has been satisfied for sov
oral years that errors had crept into tho
estimates, but has proforrcd not to an
nouueo n revision until all sources of
information had been oxhaustcd. ITo
is now ready to mako tho changes sub
Error In Original Estimato
Tho first error to bo noted is ono
discovered by Mr. Muhlcman ih Dr.
Lindcrman's original estimato of tho
stock in tho country Juno 30, 1873.
Tho stock of gold actually in tho treas
ury on that date, after various "coin
items" nro eliminated, was only $71,
188,518; tho stock of "specie" in na
tional banks at tho noarcst statement
thoroto was $4,818,0S0. Tho latter in
cluded somo silver coin. Tho nearest
dato for which tho stock of silver coin
in banks wns obtainable is Juno 30,
187G, whon it was $1,472,507. It scorns
probablo that thcro was silver coin to
tho amount of $1,000,000 in tho banks
on Juno 30, 1873, which would mako
thoir gold holdings $3,818,0SG. Adding
tho $30,000,000 estimated by Dr. Lin
dermnn as tho amount in tho hands of
other banks and tho public, tho total in
tho country on that dato would bo
$105,000,034, instead of $135,000,000.
This diffcronco i3 undoubtedly duo to
Dr. Lindcrman's having included cer
tain "coin Horns," such as bonds, in
his figures for gold in tho treasury.
Errors in Imports and Exports
Thoro being no duty on gold bullion
or coin, it naturally follows that cus
toms officials aro not as particular to
vorify tho accuracy fo declarations as
thoy would othorwiso bo. If a shipment
of gold bullion or foroign gold coin
should bo accidentally entered at a
custom houso ns United States coin, it
would bo taken up in tho statistics ns
an addition to tho stock, but the sumo
shipment would probably go directly to
somo offico of tho mint service, and,
after coinage, bo added to tho stock
again, thus oiTocting a duplication.
Having occasion to suspect thaj; this
hud actually occurred, clerks woro sol
at work to trace tho entries at tho New
York custom houso and comparo them
with tho entries of foroign coin nnd
bullion at tho Unitod States assay of
fico in Now York city. Tho result was
tho discovory of such duplications to an
aggrogato of $23,401,710, and it is
thought thcro is warrant for raising this
by estimato to $30,000,000.
Tho Canadian Figures
Tho custom house figures fqr tho
movomont of Unitod States gold coin
botwoon this country and Canada evi
dently do not toll tho whole story. Thoy
show in tho period under roviow a bal
anco against this country of $15,115,
G89, while tho stock of United States
gold coin in tho Dominion treasury and
in tho chnrtcrod banks increased in tho
sarno period from about $5,000,000 to
$43,914,154. It is safo to estimato tho
los3 to Canada in excess of tho custom
houso nt $25,000,000. Canada, St should
bo understood, during theso years has
had no gold coinago of its own, and
United Stntes gold coin is a legal re
servo against its bank notes.
Coin Carried by Travelers
It lms been assumed that coin carried
out of the country by travelers was usu
ally brought back in tho sarno manner,
but tho probabilities are that somo of it
is melted down abroad and finally lost
to our circulation. Inquiries covering
this phnso of tho subject have been ad
dressed to all our consular officials in
foreign countries and replies received.
Tho reports indicnto that less coin is
carried away in recent years than for
merly, but that an nllowanco should bo
mado. Tho losses since 1871 aro esti
mated at $20,000,000.
A revised estimate of tho amount con
sumed in industrial consumption, based
upon tho moro definite information ob
tained in rccont years, raises previous
estimates by tho sum of $25,000,000.
Summing up tho deductions of $35,
000,000 prior to 1SS0, $30,000,000 in
customs entries, $25,000,000 for tho Ca
nadian movement, $25,000,000 for in
dustrial consumption, and $20,000,000
for the unrecorded oxports, a total of
$135,000,000 is reached. This sum taken
from amount in other banks and in cir
culation on Juno 30, 1900, would leavo
that estimate at $225,793,384. Bring
ing tho calculation down to Juno 1,
1907, nnd making tho deductions, gives
a total stock of gold coin and bullion
(in tho mints) of $1,484,8 15,280, of
which $1,109,158,330 is held by the
treasury and national banks.
It is bcliovcd that these aro all of
tho deductions that aro warranted by a
careful roviow of tho facts. In no other
country of tho world can so largo a
pcrccntngo of tho estimated stock of
standard money bo definitely located.
tho comor of Cedar strcot nnd thci alloy,
being tho N. E. corner of said lot.
Tho Board reserves tho right to retain
possession or! said Hospital building for
a poriod of twelve months after dato of
sale. Tho Board also reserves tho right
to reject any or nil bids.
J. W. WENTWOHTH,
Clerk of the Board of Supervisors.
NOTICE OF FORFEITURE
Reflections of a Bachelor
It '8 a good deal easier to bo good
than to get any fun out of it.
Tho exciting thing about kissing a
girl is the way sho gets mad with you
till after you do it.
When you sec a bunch of cobwebs in
a room they're supposed to bo clothes
for feminino wear.
A man's family saves him from losing
a lot of money in investments by not
leaving him any to invest.
It's hard for a woman to beliovo a
man really loves his children unless ho
is willing to carry all their pets in his
arms when they go traveling. Now
To T. E. James, his heirs, executors,
administrators and assigns, or anyone
claiming under him:
You nro hereby notified that tho un
dorsigned, Carl Edor, has cxponded dur
ing tho year 1900 ono hundred dollars in
labor nnd improvements upon each of
tho following named mining claims, sit
uated in Globo Mining District, Gila
County, Territory of Arizona, viz:
Mexico, Baltimore No. 1, and Baltimore
No. 2, mining clnims, which nro record
ed in tho offico of tho Recorder of Gila
County, Arizona, Book 0, at pages 'Sk'J,
399 and 400, respectively, and Bullrun
mining claim, recorded in Book 7 at
pago 135, Rocord of Mines.
Said cxpondituro of ono hundrod dol
lars for each of tho nbovo named claims
for tho year 1900, boing a total of four
hundred dollars ($100) expended by us
on tho four claims, was mado to hold
said milling claims under tho provisions
of Section 2321 of tho Rovised Statutes
of tho Unitod States and nmondmonts
thoroto concerning annual labor on min
ing claims; four hundred dollars being
tho amount required to hold said min
ing clnims for tho year named and un
til January 1, 1907.
And if within ninoty (90) days from
tho dato of porsonal service upon you
of this notico, or within ninety (90)
days after tho publication liorcof you
fail "or refuse to contributo your portion
of said oxpondituro of four hundred
dollars ($100) as co-ownor, togothor
with tho cost of this advortisoment,
your ono-fourth interest in said mining
claims will becomo tho property of the
undersigned, your co-owners, who have
mado tho required oxpondituro undor
tho terms of said Section 2321 of the
Roviscd Statutes of tho United States.
First publication April 7, 1007.
MINERAL APPLICATION No. 270.
United States Land Office, Phoenix,
Arnzonn, May 28, 1907. Notico is here
by given that Chas. T. Marlii., of Globo,
Arizona, on behalf of Barney Rico and
Old Dominion Copper Mining and Smelt
ing Company, has mado application for
patent to Tho Happy Jack lode mining
claim, survey No. 2377, situated in tho
Globo Mining District, Gila County, Ari
zona, in Sections 23, 21 and 25, in Tp.
1 N., R. 15 E., G. & S. R. B. & M., do
ftcribed ns follows: Beginning at Cor.
No. 1, whence tho S. E. Cor. of Sec.
23, Tp. 1 N., R. 15 E., G. & S. R. B. &
M., bears 8. 11 deg. 30 miu. E. 473.9
foot; thenco N. G9 dcg. 27 min. E. C43.7
feet to Cor. No. 2; thonco S. 29 deg. 41
min. E. G49.G feet to Cor. No. 3; thence
S. 27 deg. 55 min. E. 71G.7 foot to Cor.
No. 4; thenco S. G9 deg. 27 min. W.
521.5 feet to Cor. No. 0; thenco N. 29
dcg. 41 min. W. 830 feet to Cor. No.
G; thenco N. 29 dcg. 30 min. W. 533.G
feet to Cor. No. 1, tho placo of begin
ning. Conflict with Hypatia claim, sur
vey No. 2209-A, containing .885 acre, is
excluded. Location notices nro recorded
in Records of Mines, County Recorder's
offico, said Gila County, as follows:
Original, Book 4, pago 119; amended,
Book 12, pago 5GG. Adjoining and con
flicting claims aro Hypatia on the
north; Cnstlo Hill on tho cast; and Hy
patia on tho west. MILTON R. MOORE,
Fiist publication Juno 11, 1907. 2G7
t Has now and will continue to hai e on sale during tho months of
Juno, July, August and September round trip tickets from all New
Mexico and Arizona points to Ssn Francisco, Los Angeles and adjacent
beach cities and towns, at great! reduced rates.
Also boglnning May 27th, and continuing daily until September 30th,
this company will havo on sal greatly reduced round trip tickets to
NORFOLK, VIRGINIA, account of tho GREAT JAMESTOWN TER
Again on trains leaving all stations
JUNE 6, 7 AND 8.
JULY 3, 4 AND 5.
AUQU3T.8, 9 AND 10.
SEPTEMBER 11, 12 AND 13.
Nlnoty-day round trip tickets, permitting of diverse routes to principal
middle west, northern and Atlantic seaboard cities.
Theso reduced rates radiate to tho four points of tho compass and
cnablo everyone to enjoy the luxury of a summer vacation.
For full information regarding rates, routes and Pullman reservations
(and if a European trip Is contemplated in addition) call on your near
est local agent or address.
E. a HUMPHREY,
Dist Pass. Agent,
Santa Rita Hotel Bldg. Tucson, Arizona
WWWWttHtiMHfm II Hi
Feed, Hay and Grain Stable
New Livery Rigs for Hire. We make a specialty
of buying and selling horses and vehicles
of every kind
Luko Angius Steve Kristovlch Nick Zcnovich 5
TRY THE NEW FIRM
Dealers in Groceries and Provisions R
Wines, Liquors, Cigars, Tobaccos, Etc.
Everything Reliable and Endorsed by Pure Food Law
P. O. Box 591-Phono 1571 . McKevitt Bldg., Globe, Arizona
Tho Optimist Surely it is worth
something to a man to livo in a coun
try whero ho dares call his soul his
The Pessimist Woll, yes; I suppose
ho can got moro for it whon tho timo
comes to sell it. Fuck.
A pretty girl was introduced to Pad
crowski at tho closo of ono of his con
certs. Sho wished to bo nffablo but
was frightened half to death. After
a momont sho asked him eagerly:
"Of whom do you toko music les
sons f" Judge.
Miss Giltbonds Papa has tho gout
in both feet. Why, whero nro you go
Freddy Flittorcoin It looks to mo
as if this is a good timo to nsk him
for you. Illustrated Bits.
Doctor Woll, did you take tho box
of pills I gavo you?
raticnt Yes, sir, I did; but it ain't
dono no good. I'm afraid as p'r'aps
tho lid woro on too tight. Ally Slo
pcr's Half Holiday.
"What kind of punch was that at tho
"I know Avhnt it was nftor I drank
my first gluss, but now I enn't toll for
tho hfo of me." Clovclnnd Plain
A stitch in timo may
mouths of nino gossips.
MINERAL APPLICATION No. 2GS.
United States Land Office, Phoenix,
Arizona, May 28, 1907. Notice is here
by given that Chas. T. Martin, of Globe,
Arizona, as attornoy in fact for Bar
ney Rice, has mado application for pat
ent to tho Cnstlo Hill lodo mining claim,
survey No. 2330, situated in tho Globo
Mining District, Gila County, Arizona,
in Sections 24 and 25, Tp. 1 N., R. 15
E., G. & S. R. B. & M., described as fol
lows: Beginning at Cor. No. 1, whenco
tho S. W. Cor. of Sec. 21, Tp. 1 N., R.
15 E., G. & S. R. B. & M., bears S. 32
deg. 22 min. W. 775.4 feet; thenco N.
51 dog. 12 min. E. 92.5 feet to Cor. No.
2; thenco N. 81 dcg. 3 rain. E. 524.G
feet to Cor. No. 3; thenco S. 11 dcg. 40
min. E. 801.1 feot to Cor. No. 4; thonco
N. 89 dcg. 51 min. E. 140.1 foot to Cor.
No. 5; thenco S. 00 dog. 1 min. E. G11.3
feet to Cor. No. G; thonco S. 81 dog. 3
min. W. 139.8 feot to Cor. No. 7; thenco
N. 27 dog. 55 min. W. 824.5 feet to Cor.
No. 8; thonco N. 29 dcg. 41 min. W.
G49.G foot to Cor. No. 1, tho placo of
beginning. Location notices nro rec
orded in Records of Mines, County Rec
order's offico, said Gila County, as fol
lows: Original, Book 3, pago 330;
amended, Book 12, pago 201; amended,
Book 12, pago 507. Adjoining and con
flicting clnims nro Hypatia and Coppor
Road on tho north; Mulo Shoo, II. S.
Fraction, Clinton, Pay Rock nnd Lime
Lcdgo on tho cast; and Tho Ilnppy Jack
on tho west. MILTON R. MOORE,
Fiist publication Juno 11, 1907. 2G7
Most wonderful offer ever
made by any newspaper
in the Territory
f With every year's subscription to the Daily Arizona
i Silver Belt paid in advance we will present to the
subscriber a years subscription to the
The most elaborate and interesting magazine pub
lished on the Pacific coast This magazine has the
! ! largest circulation of any on the Coast and is pro-
fusely illustrated with half-tones of rarest beauty.
Men with long heads aro capablo of
using them on short notico.
CITY LOT FOR SALE
Scaled bids will bo received at tho
offico of tho Clork of tho Board of Su
pervisors, at tho Courthouse in tho City
of Globo, Arizona, until 10 o'clock A.
M. August 19th, 1907, for tho purchaso
of Lot 0, Block 81, as shown on tho
official map of tho Townsito of Globo
on fllo in tho office of tho Probate Judgo
of Gila County.
Said lot has a frontago on Cedar
strcot of 101.5 feet and 74.8 foot on
Pino street, and genorally known ns tho
Less thirty feot squaro of ground,
hold in trust by tho Hoso Company on
MINERAL APPLICATION No. 209.
United States Land Offico, Phoonix,
Arizona, May 2S, 1907. Notico is horo
by given that Tom Doyjo, of Globe,
Arizona, for himself nnd his co-ownor,
Barnoy Rico, has mndo application for
pntont to tho Mulo Shoo lodo mining
claim, survey No. 2334, situated in tho
Globo Mining District, Gila County,
Arizona ,in Sec. 24, Tp. 1 N., R. 15 E.,
G. & S. R. B. & M., doscribod as fol
lows: Beginning at Cor. No. 3, whoncc
tho S. Vi Cor. of Soc. 24, Tp. 1 N., It.
15 E., G. & S. R. B. & M., bears S. 7
dcg. 59 min. E. 870.3 feot; thonco S. 70
dog. 27 min. W. 1495 feet to Cor. No.
2; thonco N". 11 dcg. 40 min. W. 508.45
feot to Cor. No. 3; thenco N. G9 dcg. 6
min. E. 1500.5 feot to Cor. No. 4; thonco
S. 11 dcg. 40 min. E. GOG foot to Cor.
No. 1, tho placo of beginning. Location
notices aro rccordod in Records of
Mines, County Recorder's offico, said
Gila County, as follows: Original, Book
3, pago 351; amonded, Book 12, pago
200. Adjoining nnd conflicting claims
aro Copper Road and Evon Up ori tho
north; Fraction on tho east; Tigor on
tho southeast; H. S. Fraction on tho
south; and Cnstlo Hill and Coppor Read
on tho west. MILTON R. MOORE,
First publication. Juno 11, 1907. 207
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