The herald., 1897-04-12

and this will probably be the next move.
It is said that the Santa Fe has entered
into an agreement not to build to San
Francisco for long time yet, but l do
not believe that Claus Spreckels Is .
party to any such contract.
THE PLOT THICKENS.
There are complications, however, to
any view of the situation. The present
trip of President Frank Murphy and
other Santa Fe officials, accompanied by
representatives Of the banking house OF
H. Fisk & Sons OF New York, over the
proposed new line to Globe, is generally
thought to mean good deal, but 1t takes
q rare guesser to tell just what IL IS
thought by many that the Santa Fe in
tends to absorb the enterprise and de-
pend upon Fisk e Sons to float the
bonds. But why did superintendent Eps
Randolph join the party?
His presence seems to complicate mat
ters a trife for the local guessers. 1t
may be that Randolph went along to
show the Santa Fe people the eighteen
miles of Southern Pacific track between
here and Mesa-over which the new road
will probably run.
Globe will be reached by the Southern
L
it is expected. In that case, why should
the Santa Fe be interested in another
line, if it be true, as some think, that the
Santa Fe and the Southern Pacific have
agreed to cut the territory in half and
each remain in his own half?
1t is entirely possible, of course, that
some other motive induced the trip,
which is very pleasant one to take at
% ha "a
some irrigation plans on foot. Capital
lists have often looked askance at the
Tonto Creek reservoir proposition, and
! the fact that the entire party were the
guests of DR.. Chandler of the Console
dated Canal company at Mesa, few
days before they started, lends tinge of
color to this view.
SALE OF THE VULTURE.
The most important event in mining
circles for some time past was the trans
fer of the great Vulture properties from
BENJAMIN Hieronymous of Springfield,
Ill. to Henry N. Love of Chicago, w. c.
Davis of Tucson and associates.
The property is located seventy miles
northwest of Phoenix and fifteen miles
west of the Hassayampa river In times
past the Vulture has turned out over
SIG. 900 900 worth of gold, and 1t Is ex-
pected that there are many rich veins
left. 1t was in the hands of Hierony-
nous only in his capacity as one of the
financial agents of the creditors of ex-
Senator II. A. w. Tabor of Colorado, the
property having been bid in by him az
the recent trustees sale.
The mine is in bad condition at pres
ent. and the efghty-stamp mill through
which so much wealth was passed Is al
most beyond repair.
Mr.. Davis will take immediate charge
of the property for the new owners, VINO
will make important and far-reachirg
changes and improvements. new dou-
Bile compartment shaft will be sunk to
a depth of 1000 feet little north OF the
old incline, and upon the new shaft Will
be erected a new 100-stamp mill. Three
thousand tons of lowgrade tailings are
also to be treated by means of cyanide
plant with a capacity OF 5000 tons
day
Ex-senator Tabor, the man who once
owned and operated the mine, is now
delving into the Colorado hills with PICK
and shovel, hoping to retrieve his van
ished fortune. The great flood which
swept away the Walnut dam few years
ago destroyed the immense pumping
plant on the Hassayampa river whicn
supplied the Vulture with its water pow
er. If the new owners do not succeed
in developing water on the property
they will lay pipe line from the Hasa
yampa.
News comes that the w. G. T. U. Is 60
ing to send 200 good looking girls into
Arizona and New Mexico within the next
month. JAMES H. GRIFFES.