Arizona weekly journal-miner., 1896-02-19

have men at work on the North ! Star, a very promising looking claim llso.
 At no time in the history of this section for several years, fl in fact ever, has there been as much good active work m progress developing mines as at the present tune. There is not district in this county in which men ara not at work develop ing thetr claims. in addition to the operations ID progress by the various And an encouraging sign is the fact that from nearly all l come good reports.
 Eastern capitalists who visit Ari- l zona express surprise that a mining . exchange has not been organized l here ere this. They argue that such ! an institution would very materially aid in bringing our resources into prominence and would attract great attention to the territory. As Pres colt is located in the very center of a rlch mining section 1t would be the proper place for such an instl- tuition.
 In speaking of Prescott's future outlook aud its mineral advantages, Col. C. (. Bean, the veteran Hasa yamper, says that in the past SIX
 months he has been on the go stead
 ilv in Arizona, but nowhere has he seen such a mineral sphere as IS pre-
 sented m this immediate vicinity.
 He says It is simply astounding to
 see the number of gold properties
 uncovered in a section that but
 few years ago claimed silver as its only pioduct. In the vernacular oi the old timer, Col. Bean relterates that "the country is not halt pros ! pected.'
 The organization of the Gold Mining Exchange in San Francisco,
 promises tO materially aid in bring ] ing Arizona mines into prominence. i The JoUKNAL-MINER is irdebted to
 Prof. Theo. B. Comstock for a little
 brochure giving a brief outline ot
 it's objects. intentions and eXpecta-
 tions, from which the following in-
 formation is obtained: The officers
 of the exchange are, Walter Turn
 bull, president; John Daggett, wee
 president; D. l.. Mills, treasurer; J
 f. Crossett, secretary. Representa-
 tives of the exchange m Arizona
 from whom all information pertain
 iug Co II can be obtained, are lheo B Comstock, Prescott, and Hugh ! McCrum. Pheni1. Quoting from the
 report of the California state miner
 alogist, whose remarks apply with
 equal force to Arizona, this bookle'
 saws: "A marked increase of interest
 is being manifested in gold mining
 and owing to numerous improve
 ments in the mining and milling O.
 gold bearing ores, many gold mlne'
 are now worked at profit, which
 ten years ago, could not be operated under the conditions then existing There are, however, some thousand of prospects or undeyeloPed claims
 which need capital for their proPe exploitation. Experience has proyel , that, in many instances, 1t need | money to place a quartz claim on . having basis, and the making O , mines out of these numerous pros poets, is almost entirely a questlo
 of the investment of capital. Tn principal difficulty under which tn . mining community labors IS l !, obtaining aid to develop these UT , opened claims The capitalists WI b not invest until developments wa a rant an examination, and the pro- @ pector is, himself, unable to ope x tho claim properly In view of thes I facts, and to consUmmate the do' Y ble purpose implied by the necess 1, ties pointed out by the state mine h alogist and experienced by eveI - practical mining man on the Pacit 5 coast, the Gold Mining Exchang o of San Francisco has been glve g birth. Although mining will alwa, | be regarded as a somewhat hazar' d ous industry, yet the unfayorab n element of chance may be large p eliminated by intelligent care, aI n to great N Nlt pitAe NA 0N .d ventures that, year by year, an | 't creasing portion of the accumula v ing wealth of the world is seekiI a- .uch investment. The EXchanl r will offer to the purchaser all tl ,d protection that technical knowledI IT. and an exact statement of facts a 'a give; and to the seller as fair COT
 peusation for his property as u ,t conditions may warrant. As ~ auxiliary of .he Exchange, a Dey' ' opment Company will be organize -v This will be composed ot men y wealth and ard well known fnanci standing, who are associated al .d interested in legitimate minlI rx operations. Under the advice al b direction of the Committee '-. Mines and Mining, money will n, expended by this company to expl'
 and develop mining properties