Arizona silver belt., 1899-12-07

been made by which any stockholder
 desiring to dispose of his bonds can
 sell them at.par." A minority interest
 has been fighting the proposed reorg-
 anization, and the legal point is raised
 whether corporation be dissolved in
 New York state and reorganized in
 another state against their protest.
 United Verde stock recently sold at
 S333 DO per share, which makes it a
 value of Sl00, 100000 for the property,
 now represented by 300,O0O shares of stock.
 From the Dragoon mountains, in
 Cochise county, comes cheering news
 of rich finds. All along the range
 high-grade copper ore is being taken
 out and shipped as the result of mere
 development work, prospects in many
 instances being made to pay their
 way, while several mines which were
 worked number of years ago and abandoned, have recently been re- opened and are being developed into producers. About loo men are engaged in the hills near summit and Cochse stations prospecting and doing assess ment. In this district is the Mulkev i woltramite miues, consisting of twenty claims, upon which sixteen rockers are engaged ih handling the ore; the production is contracted for up to the first of Janury, and the probabilities are that the contract will be extended indefinitely
 Thomas Gray has returned to Phoe- nix from a prospecting trip in the ! Riverside district, along Pinto creek and other regions of Pinal and Gila counties, says the Herald Mir. Gray believes that it is the most immediately promising mining country in Arizona. A great shelter IS being erected at Riverside, and mining promoters are threatening to gridiron the country with railroads, and some of them will no doubt be built, for the mining oper- ations have every appearance of being of permanent character. Mir. Gray says that Joseph hulhatton's mining exchange at Florence is partly respon- sible for the activity in the Riverside country. A great deal of capital has been attracted by Mir. Mulhatton's nervous restlessness. and it is said he started the mining exchange in the first place just to be doing something t. relieve himself of ennui Thus from mere recreation it has been transformed into a thriving business
 The following editorial from Mines and Minerals clearly outlines the diff ference between true business meth ods and the haphazard style so much in vogue in mining investments: Why are the terms mining risks, mining ventures, etc, so generally used in speaking of the buying and selling of mining properties: Do mining spec ulations differ essentially from other speculati0ns. Are mining risks un- usually hazardous: The answer is em- phatically no, when the common sense principles winch are used in other business are applied to mining trans actions. Why then, do such phrases receive such almost universal accept ance in the daily and even in the tech nical press: To be sure there are min ing sharpers and mining tricksters just as in every other business. but it always takes two to make d mining bargain, and if the second party to the transaction will use the same care that he gives to his ordinary business, the amount of money lost each year through unprohtable mining invest ments will be greatly reduced and the bad name which mining transactions have received in some quarters will soon be shown to be undeServed. It Is very difficult oftentimes to teach an ordinary careful business man that all that glitters is not gold, and it is incOmprehensible to those who are yersed in mining matters that the many prospectuses filled with fool promises should so readily catch the suckers who seem literally to be swarming in certain localities, inviting some one to come and fool them. Men who would not think of going upon the ordinary stock exchange, rush headlong into mining ventures, and it is literally true in this connection that fools rush in where angels fear to tread; though we would not be under stood as assuming the mining frater nity to be altogether angelic. The man who is unacquainted with mining matters, or as he is called, the tender foot, is at the mercy of the man hay ing the property for sale, and in no other business probably is there greater need for an experienced and thoroughly reliable middle man who can report honestly upon the property for the prospective investor and who can at the same time do full justice to fha ,rnnarfu an1 t, tl,o ..1