Arizona republican., 1899-12-11

and works no information can be OBJ
! tanned for two reasons. One owing to
positive orders to that effect, and the
other that few, if any. of the employees
on the ground know what the result of
a months run may be. No man who
works above the ground can go below
and miners who work in one part of the
property are never permitted to go into
the other parts upon any pretext what
ever. One side of the company's led
ger is kept at Jerome and the other at
j New York, and hence no matter how
trusted an employee may be, it is impos-
sible for any one to strike a balance.
From a manager of one of the rail-
roads handling the product of the Yer
! dc mines it has been ascertained that
during last year Mr.. Clark shipped
! 100000 pounds of copper every. moth,
and from Mr.. Clark himself il
ascerteined that he hoped to be d
raise this output to 100000 pound
month. This copper is nearly all u
profit, and 100000 pounds a mon
means 60OO0,GO pounds year, with al
approximate annual income of 81, 000,-
900. At the Eastern rate of money, 5
per cent, the United Verde copper
mine is worth at least 1910, GEO. 600. At
the present rate of progress, according
to experts, the amount of ore available
| from excavation Will continue from
twenty to fifty years. This vast ore
| body is a mountain of mineral wealth.
! Even if Senator Clark should receive
an offer for the Verde property, which
! he considered to be a fair proposition
it is doubtful whether he would sell it,
for there is considerable sentiment in
his mind in connection with the prop
erty. He looks upon it as his pet in
vestment and greatest resource and it
undoubtedly places him at the head Of
the rich men of this country. There are
other and perhaps more famous mil
| iionaires of the United States, whose
wealth consists in large holdings OF
lands and blocks of railroad stock
Lands may lie idle and railroad stock
may fiuctuate in value, but the United
! Verde copper mines produce enough
| every day in the year to make an ordi-
nary fortune, and this is but a part of
the income of the Montana Senator,
who was a multi-millionaire before he
+ deVelSP2d the Verde mine.
From the United Verde copper mine,
with its income of S11 100000 a year,
Senator Clark derives $4,000 a day.
which is $3.50 an hour, or $40 a minute.
If the expectations of Mr. Clark in re-
gard to the output of the United Verde
mine are realized, of 996, 600 900 pounds
I of copper year, his income alone from
this source will be ST. 29O, 900 a year, or
/ $4,000 a day. At this rate Mr.. Clarks
copper mine is worth $3.50, 200, co., There
have been other mines which have pro-
duCed enormously for a short time, but
! they have soon become exhausted. The
Verde mine, however, is the mar
vel of the age, and miners who
have had access in any way
/ to the ore body do not pre-
tend to predict What the future may
show. If it lasts twenty years at the
present rate of production, Mr.. Clark
has yet 1920, 000 900 to draw upon in an
nual installments. If the mine should
last fifty years, his heirs will find a
bank account unequaled by that of any
in the world.
At present Senator CLARK has proba-
bly, the largest annual cash income of
any man in America, if not in the
world. He is a multi-millionaire in
Montana, a millionaire in California,
New York, New Jersey, and Mexico,
and in Arizona, he has a mountain of
money. In recent years he has at
tracted attention by building magnifi-
cent houses in the leading cities of the
United States and decorating them at
a cost to which there has been no limit.
He has paid enormous prices for works
of art, and whenever anything struck
his fancy he has not hesitated to out
bid the richest man in the world. Not