Arizona weekly journal-miner., 1897-06-23
MINING INTELLIGENCE

and which are being operated under the superiutendency of Colonel A. o. Brodie, are showing up finely. As depth is reached the lead not only is widening, but the grade of ore encountered is likewise richer and gives every indicatinn of per manency. The original or old work ing shaft is down 60 feet, but work therein has been suspended and a new and better site selected 100 feet west where a depth of over l5O feet has been reached add where also the property shows up so admirably. The lead is of immense size, meas uring eight feet across, and lays De- tween walls of ''bull" granite. The dump has not 8 pound of waste and SO far is free milling, not trace oi sulphurets as yet being noticeable iu any of the workings. Several urospect holes are seen at other points on the vein and . crosscut tunnel is now under headway to tap the lead at greater depth. The immense eroppings of this mine can be seen for miles, and the beiiel IS generally expressed among miners that notwithstanding the prejudice there exists to the granite theory Tn Arizona gold mining, the Grown Point claims set aside the belief that nothing can live ln that com position. The property is to be thoroughly developed and when greater depth is reached mill will l be placed on it, probably inside of six. months. Twelve men are at work at present, and as soon as ground is broken, the number will be increased accordingly. Thomas Dowd, we'll known as a miner of ability all over the county, is in charge as foreman.
 There is a placer mining district lying in Yavapai and Maricopa counties known as San Domingo which is run on the principle of a principalily of its own. The men who make up its existence seem to be banded together in ties of seeresy and have isolated themselves in a sphere of their own and not gener- ally known. They dry wash and send their gold quietly to various points for sale. The complexion of the place makes it an undesirable center foe the wandering prospector to camp in for more than few days at a time, owing to lack of water and also lack of hospitality from those who hold the whip hand of its life. Several miners of late l, is said have gone there and staked of ground, only to be gently reminded that they were intruding, when they pulled out. The place is made up of floating population of Mexicans and half dozen white men, and when the weather is cool numbers at times l50 people. Not a claim is on record from that section, and it seems to be concealed ill its life be- hind the veil of a fraternal duty. The impression prevails that it IS rich in float gold, and is rated along with the Weaver diggings. Interest in this place IS manifested somewhat keenly by a report that 6 ruby, measuring seven-eights of an inch long and one-half an inch wide, was washed out recently and which was sold to Tiffany of New York for the sum of $l.000. There is but one store, one place to procure water, and one idea of the people of that section. and that is they have the ''cinch" and intend to keep it.
 Isaac T. Stoddard, who recently returned from trip east, says that while there seems to be a general stagnation in business there, money is abundant seeking investment. Capital is unable to secure avenues for safe investment, even at the low rate of three per cent per annum. As consequence, he says that moneyed men are commencing more than ever to make inquiry for good gold and copper properties and that Arizona is looked upon as a fayorabls fold for operations of this kind. In conversation with another gentleman, who has had considerable experience in negotia- ting the sale of mining properties. principally in Chicago. he says that the same condition of affairs exist there. He says that a great trouble about placing Arizona properties is that sufficient time as a rule cannot be, secured on them. A thirty, sixty or even ninety days bond is too short to carry a deal through, as no matter how eager a man may be to invest he will take time to thorough ly investigate before doing so, California, Utah and Colorado are all in the field with long time and easy termed bonds aud intending or prospective investors will take hold of properties of this kind instead of those requiring an immediate large cash payment. 1t is not an unusual thing for Colorado properties to be placed on two years bond and lease and some are known which run for five years. 4 we'll developed dividend paying property, of course, is different, but this applies to prop critics which are yet in the develop inent stage, A man may be willing to risk money in prospecting and developing property with a view of purchasing, but, not willing to put up tpot cash for what it's owner may think it is worth. The gentle man named has placed some good properties, in the territory, in this way, and says that in Chicago, Ari- zona mines stands high and all that is needed is favorable terms to secure purchasers.