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Newspaper Page Text
COFFER CM Issued Thursdays. CLIFTON, ARIZONA, JANUARY 18, 1900. Vol. 1; No. 4 ) Sale of the Superior Mine. There was a considerable stir among the officers and stock holders of the Superior Mining company of this city last Friday morning on the receipt of a tele graphic offer of $150,000 for the company's mine at Lordsburg, New Mexico. The offer was made by the Balbachs, of New York, who recently had the property experted, through Geo. Mason, their representative at Lordsburg. The Balbachs have made several bids for the Supe rior at less than $150,000, but they have been refused. On receipt of the telegrams a general meeting of the stock holders was called by President Reckhart at his residence for the purpose of determining what the company should do with the offer. The stockholders to the number of thirty-six were pres ent and chaos reigned for some time after the telegrams were read. One after another got up and named his price for the mine. Some thought that the property should be sold for the amount offered; others said there were' two hundred to four hundred) thousand dollars worth of profits j in sight now and it was only a matter of time until the profits ! would be distributed and new ore bodies opened up that might produce as much more. Prest, Reckhart took the floor to say that while the actual profits in sight were perhaps larger than the offer, and the probable, profits, with develop ment work, as great as those in sight, yet the offer was a fair one and in his opinion it should be accepted because the money would be paid in one lump and would be immediately distribut ed among the stockholders in stead of being spread over a pe riod of time necessary to extract, ship and treat the ore at the smelter, etc. He thought the offer was fair and was a big re turn for the investment and it should be accepted. Several of the stockholders followed in a similar strain, and after considerable wrangling it was decided to telegraph the Balbachs that'- the company would accept the amount named spot cash for the property. The telegrams were sent Friday ev ening. The Balbachs are smelters and refiners, their works being lo cated at New Ark, N. J. Their refinery is the largest in the United States. It looks as though a number of El Pasoans are about to be overburdened with an extra lot of spare cash. Times. The mint bureau esthnates the gold and silver product of Ari zona for last year as follows: Gold, 150,000 ounces, coining value, $3,100,775; silver, 50,0;)!) ounces, value $64,616. The first iron ore discovered in this country was found in Vir ginia in 1715. BLIND! What a horrible sensation you experienced when you looked upon that unfortunate man and realized his deplorable condition. Ever thought of yourself thought that by your persistent carelessness you might some day have the same affliction? Unless by . acci dent, blindness.always comes one way by neglect. Eyes become weak, you strain them; they become weaker, you continue your carelessness, at last it is too late, your case is hopeless, no help no cure. Dr. P. KORNBLUM will be in Clifton soon; this will give you an opportu nity of having your EYES EXAMINED FREE by one of the most renowned and successful as well as reliable opticians in the U. S. Dr. Kornblum has all the modern appliances for the scientific adjustment of glasses to the eye. Then, if you like, he will sup ply you. Will arrive in Clifton Jan. 20th and remain a short time only.