The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-07-01
Inning INQUIRIES
BLAcK DIAMoNp coPPER 60.

10 l6fuolllu-l
VIM you please print ne z repoFt = your
/ Company, with New York oliceE ~ .
John Street. ". o. Balgo. General Manager
and and Ine1lufufi Give me Tie e1act 20
cation Of the properties. The Standing q
you may deem adVihablo for me 70 have
With regard 20 the future prospects o. the
properties. Ana
The Black Diamond Copper Company
Is a West Virginia corporation, capital
lied At 100000. divided into 10000
Ehares Of par value OF S each. OF the
capital stock 10000 shares Is treasury
stock, 5000 Of which were offered un-
I'll recently At 81 per share. At the last
meeting Of the directorate. the board
decided that latter Developments war
ranted advancing the shares 70 = 50
each. Senator Charles J. Faulkner. Of
West Virginia, Is PRECEDENT, and e1-Gov-
eTnor and ex-senator William Pitt
Kellogg Il a director. Other directors
are Mr.. John DeYine. proprietor Of the
ShOrehnm, . fashionable hotel Of wash
ington, D. c., Mr.. James A. McBain,
who was at one time engaged In the
lumber industry in Brooklyn under the
style name Of McBain q Gilmore. Mr..
n. o. BaEge Is the treasurer and gem
erul manager. he iB considered BY those
who know him best TO be thoroughly
capable, intelligent and honest. A. 70
the properties, they consist Of twelve
claims. comprising 40 acres, located Is
miles south of COehise, Arizona, In the
Dragon Mountains, which Is reached
by an excellent wagon road. The mill
sites are said to be all that could be de-
sired, with an abundance Of water.
The copper vein extends practically
over the go acres and r. in places
nearly 200 feet wide. highly minefallE-
ed. The principal work has been done
on the England. Procrastination, and
Black Diamond No. /; the greater out
cropping occurs on the last named. The
company's mining expert, Captain
James Hoatson. In q recent report says
that the Black Diamond Is unquestion-
ably the best Of the many mining prop
critics opened up in Arizona this year.
While the ore does not assay high
grade, Il Is found in immense deposits
Of medium grade. OF q shipment OF
10000 pounds It averaged over IS per
cent copper and 30 ounces OF silver. We
learn that the company has already
made several shipments Of ore. They
are displaying ores taken from Its pro-
perties that show up very Handsomely.
There is one feature OF the company's
methods which meets this journals ap-
proval. and that Is the fact that all Of
the money goes into modern mining
plant and the development OF the
mines. no salaries being received by
any OF the officers. The stock Is held
In escrow by the vendors, and the
treasurer is required to furnish twenty
tive thousand dollars bond for the
faithful performance Of his duties. The
management Is so confident Of the
enormous capacity Of the mines, based
on the report Of their mining expert.
Capt Hoatson. that they are already
considering the advlsabilIty Of advance
ing the shares from 81 30 to IS per
share. It is the conservative judgment
Of those who have inspected the prop
critics that the immediate future APP
pears bright. The development. we
are told, will be pushed with all speed
and economy possible. with the hope
and expectation that dividends TO
stockholders will be forthcoming with
in the yea=.-FTom the New York In
vestors' Review, June "a.
Josiah Sinclair, Of BenwOod, Is agent
for the sale Of the stock OF the Black
Diamond Copper Company. and IS pre-
pared to furnish information concern
ing the company. ONCE. corner Fifth
and Main streets, Benwood. Telephone,
1914