Salt River herald., 1879-02-15
THE WEALTH OF ARIZONA.
An Interview with 4. .Hesing- Matters Of Interest to Investors

mineral treasures has been fully dem Onsiratcd by the operations in mining which have been carried on m certain portions of that territory during the past few years. The traditions of that region point to period whom the ancient and halfcivilizcd inhabitants dug up the precious metals and util- ! i2ed them in the manufacture of or naments to be worn about the person. It is only within the last halrdoZcn years that scientific mining has been carried oR to any extent in that re zion. Since the real character and magnificence of the mineral deposits have been definitely ascertaiaed, there has been no difficulty on the score of the capital needed to develop the nc tallic treasures of the country III most instances the money has return ed tenfold, and most amply rewarded those who have been yenturesomc and kN NilNh-h lO
 Attention has of late been, especial ly directed ;o the mineral resources of Arizona through the series of Jet ters written from there, for publica- tion, Gy A. C. Hesing, esq, who went to the territory for the purpose of viewing the land,' and who was fa- vorably impressed with the latent and almost unbounded wealth ofthe coun. try. Mir. HeSing says he will back his judgment and. prove his faith in the capabilities ot that section by ap- plying his energies and time io inc development of the properties in which he is interested. Ashis letters already referred to, have awakened, especially, among the thousands who know him, lively interest in that country, reporter for the Sunday Times called at MT. Hesing's office, yesterday, for the purpose of inter viewing him on Arizona. s;
 Upon a table in the center of the office was piled collection of silver and'gold ores. These specimens may be said to represent the average min eral deposits in the Globe mining dis. irict. This district is situated sixty miles northeast of Florence.
 The population of the village of Globe is three hundred. There arc several stercs, postotllce and a pub lie school, and water and timbe: are found in plentitude in the near vicin- fly. As NIT. Hcsing expresses it '.Na- ture has placed no obstacle in the way of tho development of thls rich dis tl ictn The splendid reputation of the district has arisen in great part out of the productiveness of the Stonewall Jackson and Silver King mines. In year and half, with only the sim plest mechanical facilities for opera ting it, the fc-mer mine yielded $780, 900 worth of bullion, while the Silver King, which was sold over year ago for $425 900, has paid for itself, and is now netting its owners SG,000 per days 'rs -.t
 Mir Hesing told the reporter that after satisfying himself byia thorough inspection, of the permancy and im- mensity of the mineral deposits in the Globe district, he had managed to se= cttre control of twenty mines, all of which were in the hands of the oIigi nal discovcrersi Messrs. Chas. Hayse and C. E. Buck. A company has been formed, and in consideration of half the stock being issued 10 them they give deed for the mines, buildings; assay office, tools and all orc now on the several dumps, estimated to be worth S15,000, with the further stiph- lation that the company shall erect i ten stamp mill and proceed to derel ope the mines. The company will be based on an issue of 10000 shares, of which total Mr: ilesing will dispose of 1000 at S25 each, but will not re- serve any of the proceeds from the sales, and will retain >cnly one-tcrtlI of the stock for his trouble. Every cent realized from the sale of stock will be applied to the erection of a mill and extracting the treasures from the several mines, As soon as q sufli cient amoiint of money. has been sub scribed to .wara 1t the company i'll commencing operations, Mir. HesiEg will give his personal supervision to tIc erection of mill and to the management of the properties gener; ally. t .,sl. Ll.s
 The ores exhilfited by MT. 1icsing, and which represent the average tle- posits in the group of twenty 1 arc, to large extent, free milling mineral; though some will have 10 be subjected to the roasting process, and those of two or three veins will require to be smcltctl. When asked tor the names of the mines embraced in his syndicate, NIT. Hesing enumer- ated them in their order, sinEling out