Arizona republican., 1899-06-25
FfR. fENNELL'S STATEMENT

you published what was designated a
 semi-proclamat:o Lon as to the operations
 of the Val Verde Copper company,
 Limited, chasing it in the category of
 mining stock fakes, based upon a so-
 called report Of gentleman who
 therein was declared an expert. This
 gentleman left this point at 10 g. m..
 arriving back the evening Of the fol-
 lowing day, in that time having tw.ce
 tTaversed the forty-two mi1es between
 here and the mines Could any man,
 in that time make any kind of a re-
 liable examination of property cover
 ing longitudinal distance of three
 miles?
 Had he been in less haste to Fulfill
 his mission, and taken time to take samples and make few assays, he would have discovered that the ore of which he found 1000 tons~upon the first dumps that he happened to stum- bio across was the same ore for which the sme1ters have paid at the rate of over 20 per cent copper, notwithstand- ing his statement that the ore carried but 1 CT 2 per csnt
 The so-called pockets or ncdules of copper glance or oxides, none contain 4Alo ONIA 1UO pOul1uS -OI SO Ol OIS, uoti this gentleman spent the requisite time to investigate he would have found to lay in lenticular bodies, com posed principally of carbonites, equiv alent in cubic contents to that of an average sized room, which, instead of averaging 1 per cent yields, es separated from the gangus mat ter at the time of mining, 15 per cent copper. Take even a petty detail; contrary to his state ment, many solid bodies of ore, Of which he could have seen several in the cOmpany's corral at Williams, and nany of which he could have had in disputable evidence had he tried to in vestigate, weighing from 200 to 300 pounds and running from 30 to 50 per cent copper, are frequently taken out. So much for the reliability to be placed upon q report by one who hur- riedly comes and goes, and which re- port, to all intents and purposes, might as well have been ccncocted in his office, and upon which report east ern capital Is apparently asked to withdraw from the territory
 With the peculiar and unusual for nation with which we have to con tend in the Grand canyon district those who know would not care to depend upon the reliability of 3 report i which sums up a final opinion, with ! out considering the character of the formation ard deep copper deposits immediately north cf US in the Grand | canyon itself. Again the u1fairness | of report is patent which utterly ig noTes any mention of the force of . some thirty men and the active de- . velopment they are pushing, and which calls attention to the scarcity of water, without mentioning that such scarcity is unprecedented in the annals of the Grand canyon district.
 The company's past, present and future actions have 'snd will demon strate within the next ninety days, f that it has not been engaged in selling it's stock merely to unload properties more or less valuable, but has enlist ed sufficient capital to furnish it with the ability to erect and operate perma- nently an entirely new 1G0-ton-at least-and probably ultimately 2O0- ton custom plant (the only ore in the territory, which is a home industry much needed in Arizona at the pres ent time, and which, within four months. will be saving to it tens of thousands of dollars mOnthly), with all it's necessary accessories and ; requisite capital for the purchasing and handling of oreS With th:S in
 
 the Arizona banks for the purpose of pushing this enterprise $50CsJ, and intends investing over $100,000 imms- diatsIy in tti5 particular. having puT chased the Agua Fria water falls and requisite land and site. and proposes to do a permanent business n your midst which will make available a , vast amount of low grade OTIS, which, on account of the long haul to the nearest present custom smelters (fr0m 600 to 800 ntles), will circulate ir this territory many hundreds of thousands of dollars annually, which, under the present conditions, are virtually un created
 The company has never c,aimed It has a second United Verde or Copper Queen, nor that it has. as yet. been able to develop into deep mining, but it does feel gnat its properties, the work it is doing, and smelter 1t is on the eve of erecting, merit the good will of the territory. We are here and shall be here to fight 1t out on it's mer- it's. My books show the company IS this mCEth alone cXpendirG over $i0,- 900 in the towns of the territory.
 As for 3 stock i9bhing scheme. mt Y . dollar has ib7er paid the vendors { who preferred to re.ain their interest in the cC1npsny
 h conclusion. lof mo give you taa ! substance Of two tel grams | have just received from twoI Of our princi- pal stOckb0lders-oae a multi-miL.ou- 2 aire of Boston. and the other prom- nen, WashingtOnian: If this is the manner in which Arizona is going U < welcome new capital and progressive k enterprise, we. for our part. prefer to go elsewhere There are plenty of fakes without legitimate enterprise and F
 
 SHAKE INTO YOUR SHOES. E Aliens Foot Ease n powder for inc feet T.