The Phoenix herald., 1879-09-20
TRIUMPHANT TOMBSTONE
What is bsing Bone in this
 new District.
The Great Wealth of the Tomb
 stone and corbin Mines.
a Truthfu, Description of
 t:1e:! WoFts7.

The mineral resources of the West ern portion of this continent have been wonderfully developed within very brief period, and for variety and richness are unexcelled by those of any other country on the globe. That great interest is taken in the subject of mining in general is not to he wondered at, when we take into consideration the immense deposits of rold and silver found in Arizona, Colorado. Nevada, California and other States on the Pacific slope, and the wealth that has already been ob. tained from quartz mining, and that nromises to be of limitless produe- ,;o, in that most wonderful land. The Tombstone and Corbin mines of Arizona are among the more recent bonanzas that give encouragement of immense profits to their lucky stockholders. They are respectively owned by the Tombstone Mill & Mining Company, both of which are incorporated under the laws of Ari- zena. with a capital of $5,OOO,0OO each. divided into 500,000 shares of s1O per share. The organization ot these companies was made in De- cember, 1878.
 On the Tombstone mine there is a ten-stamp mill, and there has been sent to market since it's erection ID June of the present year, the sum of $1OS. GOO in bullion. One dividend of ten cents per share has been made by the company, but future dividends will remain in abeyance until after needed working expenditures have been provided for. It is expected that after October, continuous divi- deHds will be paid on the aviliable product as fast as the ore is tarned into bullion Both the above mines are true Assure veins with an extra ordinary amount of ore in sight, and which is estimated at the value of s5,O0o, 900. The Tombstone mine was opened up in March of last year and is at the present depth of 115 feet. Both mines are very valuable and they will average $i5o to the ton.
 The Corbin mine has 2 fifteen stamp mill in the course of erection, and has been worked to the depth Of about 200 feet and shows q good vein at that depth. The average cost or production, including millinr, is S15 per ton, which includes every ex- pense counting the wood at S6.50 per c-rd, and there is plenty to be ob- tained at tktt price. One mill is run by tLe water power of the San Pedro river, the other is steam n;ll The above mines are perfectly accessible by good roads and are sit uated in one of the richest mining districts of Arizona
 No stock has been offered for sale 10 lQl5 HldIhcLs Oul- -tGC-Ncl1k k1AAJ !" l-i soon he prepared to sell limited amount 10 those persons who have capital to invest in a profitable enter prise which is already beyond the reach of disastrous casualties; the mines requiring nothing more than proper aud economical develo pment to insure their stockholders imm1ese returns.
 The directors of both mines are men of energy and honorable stand ing. Those who act for the Tomb sty1e Company are ex-Governor <. P. k. Stafford, Richard Gird, A. E. Schiefelin, E. L. SchieEelin and Hamilton Disston; and for the Cor lia Company, Ex-Governor 4. P. K- Stafford, Richard Gird, A. 5. Schief- lin, Frank Corbin and E. A. Corbin-
 Ex-Governor Stafford is President of both Companies and D. c. Field, Secretary. Their office is room 80 in the new Borel Building at 115 Broad wy, this ciy.-NesO YorE Trade Re porter.