Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1899-07-02
/ WEST VIRGINIA
COPPER MINING
CORPORATION.
INNING INQUIRIES.
Block Diamond Copper Co.

2250 (Brooklyn.)
VIII you please print me report IN your
columns of the Black Diamond Copper
Company. with New York Offices al 80
John street, N. o. Bagge, General Man.
ager and Treasurer? GIVE me the exact
location OF the properties, the standing OF
the directorate, ana any other information
you may deem advisable for me 10 have
with regard to the future prospects of the
properties. Ans
The Black Diamond Copper Company
is West Virginia corporation, capital
lied at S2,0O0,000, divided into 100000
shares of a par value of SIS each. OF
the capital stock 10000 shares is
treasury stock, $4,000 of which were Of
fered until recently at 81 per share. AT
the last meeting of the directorate the
board decided that latter developments
warranted advancing the shares TO $3.50
each. Senator Chas. j. Faulkner. Of
West Virginia, is president, and ex-
Governor and ex-senator VIM. Pitt KEEL
logg is director. Other directors are
Mr.. John Devine, proprietor of the
Shoreham,- a 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 & Gilmore. Mr..
n. 0. Bagge is the treasurer and gen.
eral manager. He is considered by those
who know him best TO be thoroughly
capable, intelligent and honest. AS to
the properties, they consist of II claims,
comprising 24O acres, located Is miles
south OF Cochise. Arizona, in the
Dragon Mountains, which is reached
by an excellent wagon road. The mill
sites are said to be all that could be
desired, with an abundance of water.
The copper vein extends practical
ly over the 240 acres and is in places
nearly 200 feet wide. highly mineral
lied. The principal work has been
done on the England, Procrastination
and Black Diamond No. l. The great
er outcropping occurs on the last
named The company's mining ex-
pert, Capt. James Hoatson, in a recent
report, says that the Black Diamond is
unquestionably the best of the many
mining properties opened up in Ari-
iona this year. While the ore does not
assay high grade, it is found in i'm
menSe deposits of medium grade. OF
a shipment of 10000 pounds it averaged
over Is per cent copper and 40 ounces
of silver. We learn that the company
has already made several shipments
of ore. They are displaying ores taken
from its properties that show up very
handsomely. There is one feature Of
the company's methods which meets
this journals approval, and that is the
fact that all of the money goes into
modern mining plant and the develop
ment of the mines, no salaries being
received by any of the officers. The
stock is held in escrow by the ven
doris, and the treasurer is required to
furnish twenty-five thousand dollars
bond for the faithful performance of
his duties. The management is so con-
fident of the enormous capacity of the
mines, based on the report of their
mining expert, Capt. Hoatson, that
they are already considering the adj
visibility of advancing the shares
from $3.50 to $500 per share. 1t is the
conservative Judgment of those who
have inspected the properties that the
immediate future appears bright. The
development, we are told, will be push
ed with all speed and economy posi-
BILE, with the hope and expectation that
dividends to stockholders will be forth
coming within the year.-The New
York Investors Review, June "a.