Bellows Falls times. [volume] (Bellows Falls, Vt.) 1856-1965, 1899-06-07
/" KING COPPER"

Sill Continues to Reign Supreme
Interest in Copper Stock I'm
abated = Arrangements Being
Made for a Party Of Representa-
tive VcrmOnterS to Visit Arizona
Early in July.
That liking Copper" rules the whole
financial world to-day is conceded by all,
and many are the inanciers and investors
crying Long live the King" and we'll
may they, for under his reign thousands
upon thousands OF idle hands have found
steady employment, and immense fortunes
have been amassed. How long will his
reign continue is the question often asked,
and one which it is difficult to answer, but
with the increasing use to which electricity
is applied and new electrical apparatus
almost daily invented, it is reasonable to
expect that it will continue for many years
to come. Only recently gentleman con-
versant with the copper market of the
world, said: "From all present indica-
tons now, neither you nor l will live to
see copper again selling at ten cents"
And this opinion is fast gaining ground.
Statistics show that there is being con.
,umed in this country to-day 80 per cent
more copper than year ago; in Europe
over 40 more. This has caused rise in
the price of copper from IS to 10 cents,
causing the whole world to 60 crazy over
copper.
The copper mines which Vermonters are
becoming interested in are owned by the
United Verde JUNIOR Copper Mining COM
pany and are located near jerome, Ari-
IONA, on the same ore belt as the United
Verde and Equator mines, being about
midway between them, and consists of six
CLAIMS covering about 120 acres on which
over 1000 feet of development work has
already been done.
The officers of the company, with one
exception, are eastern men; the president
of the company being Gen. Benjamin F.
Peach, Jr., of Lynn, Mass, who is well
known through this state. The other
directors are prominent fnanciers of high
standing in their respective towns and are
highly esteemed, holding Offices of trust
and honor.
The manager OF the company, j. NJ
Deane, was originally from Claremont,
N. H., and is well known in mining circles
in Denver and throughout the west. The
authorized capital of the company is
50, 100000; of this amount $500, 900 wa.
: issued in full payment Of the property
: The balance of the stock was held in the
treasury for the benefit of the company
In April the directors sold 100000 share.
at SIS per share, which supplied the com
pany with ample money to carry on thei,
development work. They have recently
offered another block at $3.50 per share
to provide money to build smelling plant
Knott & Closson of Burlington have
secured an option on the entire block
which they are now offering to the publ,
on unique and yet entirely fair basis
!, Subscriptions are taken at $3.50 PEI
share,-$2 payable on application and tn
balance on or before August LIST; the con
ditions of the subscription being that be
tween now and August LIST, competen
mining engineer shall visit the propert.
and report on the same. If his repor
does not confirm the reports of the com
pany and their representation, then th
subscription will be cancelled. The selec
: ton of mining expert is left to Hon. F
c. Kennedy and j. j. Flynn of Burling
ton We understand that about the frs
: OF July, Mr.. Kennedy, in company wit
Prof. Merrill Of the University Of Yer
mont, and several other gentlemen ar
going to Arizona. P. j. Enright of tina
); city left Tuesday and expects to be at tn
= mine by June LIST.
i 1t is apparent that the officers of th
9 United Verde Junior Copper Mining con
pany believe they have property OF gres
value, which will stand investigation, an
. one which they will be able to develop int
one of the large producing mines of Ar
u zona.-St. Adams Sun.