Arizona citizen., 1875-09-11
SaIero Mining COmp,s any.

an article from the BlnghamtoG N- Y.) Daily Times, giving the organiza- tion of "The Salero Mining and Manufacturing Comps4y;" now wei are in receipt Of pamphlet of iortyS seven pages on the same subject, compiled by James c. Truman, Esq. After giving the organization, by laws of the company and incidental matter, about twenty-five pages are filled with scientific descriptions of the mines by Prof. Raphel Pumpelly, J. Ross Browne and James Eldridge ;; also some fifteen pages of Arizona history including an article from THE CITIZEN of July 17, entitled "Advan- tages of Peace" :"
 As organizer and Managing Direct or. MT. Truman addressed the pres ident and directors of the company as follows:
 GENTLEMEN In compliance with your request, 1 present such facts regarding the Salero mines and the country ill which they are situated, as I am able in the time and speace allot- ed me.
 The property of the Company con- sists of forty-four mines, each fifteen hundred feet in length and six hun dred in width, more or less developed, located on twenty or more lodes in and about Salero hill, Santa Rita mountains. The title is perfect, all the mines having been located under the law of Congress of May 10, 1872.
 Situated in the heart of the Apache Indian country, the history of the Sa- lero mines is replete with interesting and tragic events. Every attempt to work them since they were discovered by the Jesuit Missionaries, uore than one hundred and fifty years ago, has been opposed by the Indians with singular persistence and desperation In addition to the great slaughter of the Jesuit Priests, who undertook to direct the work on these mines during the eighteenth century, these merci- less Apaches have taken the lives of many of our own countrymen; includ- ing those brave brothers, William and John Wrightson, the accomplished, Grosvenor, Hopkins, P Q oston and others.
 Under the treatment of General Crook, of whom reference is made in another article, these Indians. who successfully resisted the Spanish and Mexican government for nearly two hundred years, have become tame and o5edient, and to-day are surely placed upon distant reservations. 1 believe there is now no obstacle in the way to prevent these mines yielding up the treasure which has been stor- ed there for so 1uany centuries. l submit reports on these mines of sev- eral gentlemen we'll known in the scientific and literary world, regret ing that 1 have not space for other very interesting reports on this prop erty by mining engineers Kustel, Hawley and Hodge.
 What follows. is addressed to the public:
 The directors of this Company have disposed of one-half of the capital stock to pay for the mines. The bal ai1oe, five millions of stock, has been set aside to provide for a working ca pital.
 The directors have resolved to sell one million of stock for ten dollars per share, the par value being one hundred dollars.
 No subscription will be received for 8 less number than ten shares of stock. Cost to subscribers, $100 ;; par value, 5000.
 All stock issued is fully paid, and inaccessible.
 In case more money should be need led for working capital than is realized from the sale of one million of stock, which is not probable, more of the reserve stock will be sold, but not at so low price as ten dollars per share.
 When it is determined that the Company possesses 8 sufficient work ing capital, the remaining stock in their hands will be divided pro rata among all the stockholders.
 It is expected that the whole of the one million stock offered will be sub scribed for during the month of Au- gust, 1875, and as all of the money will not be needed at once, the follow ing plan is adopted:
 A person subscribing for one hun dred shares, par value ten thousand dollars, cost to subscribers one thou sand dollars, can pay for the same in four equal payments-September 1, $250; October 1, $250; November 1, $250; December 1, $250, or at the same rate for larger or smaller amount than one hundred shares. When the last payment is made, the stock will be issued to the subscribers.
 Subscriptions for stock, if any are received after August 30, must be paid in one payment.
 Persons desiring stock may make duplication to any officer of the Com pany, but all payments for the same must be made to the Treasurer, who will deliver the stock to subscribers.
 CHEYENNE, (W. T) August 23.-The Commission, composed of Governor Fletcher, Harris Faulkner, Prof. Ather-