Arizona weekly citizen., 1881-11-06
A GRAND MINING ENTERPRISE.
By Which Phenix VIII be Greatly Benefited A One HundTed-Stamp Mill for the Phenix Mine
Ipbeuix Herald.1


 The Herald is happy to announce the opening of an enterprise which promises to enrich not only those directly inter- ested. but also our entire city. Cave Greek district, about thirty miles north of Pheniz, has long been regarded by those familiar with its mines, as second to none in Arizona-and needing only the magic touch of capital to open its treasure gates. Perhaps the most prom ising mine in all the district IS the we'll known Phenix mine, formerly owned by our worthy Mayor F. A. Shaw and others. After repeated and very careful examinations of the property by com petent and disinterested judges, this mine has been sold to eastern capitalists who have incorporated as the PhenlI Mining Company of New York. The company IS composed of wealthy men. and brokers of highest standing. These men have placed Tn the treasury SlOu,VOO with which to open up the mine e1tfn- sively, and they propose at once to erect quartz mill of one hundred stamps This will be by far the largest mil ln the Territory, but Profs. Blake, Tread well and others assure the owners that a mill of this capacity can easily be sup piled with ore from the mine. The dl- rectors of the company are G. l.. Ha lght, Charles Minzescheimer, w. l.. Stow, J. B. Baker, of New York, and Charles Barnes, of Chicago. The first three are prominent members of the New York Stock Exchange, and the last two are men of large means. These men are thoroughly in earnest, believe in the ex- traordinary value of the property and will bring to the enterprise the advantage of unlimited capital and energy. The Phenix mine is well known to many of our citizens as an enormous deposit of gold-bearing quartz, and it has all the characteristics of the celebrated DeadwOod mines, which have become so profitable to their owners. Careful estimates show that nearly one half million of dollars is now actually in sight in the mine. As IS well known in Phenix, the mine was very profitable to its former owners, even when worked only by the arastra; and in the strong and capable hands of its new owners 1t will prove an immense success, and make all business active Tn this part of the Territory Our own city, which will be the distributing center of this grand enterprise, may well be congratulated on the prospects and the hopes of many who. with full faith in Cave Creek Dist rict, have only been waiting for the hap py day when capital would be attracted by the splendid opportunities there, are now about to be realized, now that the District is to have a chance of proving what 1t can do as a bullion producer. Phenix will soon have the "bOss mill'' of the Territory and the chatter of one hun dred stamps will make golden music on our outskirts. or course the enterprise whose completion We now announce has been long under careful consideration, and until now We have not been at liber- ty to give to the public the important and promising proceedings of the com pary. We earnestly wish them full sue cess. The editor of the Herald knows, from personal observation, that the mine merits just such development and works as this new company are about to give 1t, and we hope and believe that within six months, we shall see the company taking ont at least S75,00O or Se0,0OO per month. Good for Phenix and for the Phenix mine.