Arizona weekly journal-miner., 1899-09-27

the experience uf vears Claiming thst the impAfirnee af stoc kloiders often olssfrucis fhe sarsessful liie of miuiug compsules. through sx- peeting dividends before be- hsalihy development of properties justify theiF payment. in recent years many m'ne pTomoters grstitV the cupidii, ot tbe public by promising early dividends sod sheu it is nOt possible Co meet the promises the stockhold- CTS become impatient Mining. properly conducted, means the opening ol iarge ore bodies by shafts. drifts and levels. That many men may be employed in the rain~s. such operations resulting ia enormous profits from msnes that could hs en- havrassed were they called upon to pay dividends without this inpeTa- tive work. even whea remarkable ore bodies are exposed Reserves must be- established and drawn upon only when absolutely necessary. The Pride of Arizous Copper cont eny grnp-ass< te faliy explain ta ifs sup porters that that psFt of their opeF stIons referring to the Verde copper belt. will be of colossal character and it may be some time before disi- dends may come from these ci-rslop- ments. but when the ore bodies are uncovered the dividend should he adequate.
 The three shafts Co be sunk the depth Of iUD fe,-t each will however, be sunk upon the rich est ore cbutes that make their ap- Pearsnce along this great copper belt, and it Is within the strongest of possibilities that tremendous ore bodies will soon be struck. Yet the plan is to inkthroagh the leacbed ground that surely overcaps the sui phides. the same as is encountered in the United Verde, Copper Noun tam, CopperQueeu. Easy Boss. Lone Pine, Boggs' aud other noted mines of Arizona. and while the mines of thls company now show rich oxides at the surface, the miners will has ten Co pass through to sulphides
 With a remarkably display of mining wisdom the promoters of the Pride of Arizona Copper company have anticipated the impatience of certain stockholders and have prepared for continuous ore pro duct for the preseut.snd all through the lAbOrs of development on the mammoth copper vein.
 For months the mountains of Yavapsi county have been searched. and as a result the Pride of Arizona Copper company has acquired a large group of the best mines in this country. nearly all of which are shipping ore, so that even while the work of sinking these great eKplora- ton shafts are under way there will be a continuous stream of mineral goiag to smelters. Never before has such sn aggregation of shipping mines been controlled by one cor poration 10 tLis county. All of these properties are iR large bodies of shipping ore and gre destined to be cisssed as among the best mines iil ! thls county. The company also have ! other valuable claIms. The greatest property they have. and which near ' iy every miner In this country ! knows, Is of exceptional vslRe. is the { Lone Pine, and conservative eugi-
 peers state that in this oAe mine
 alone when properly opened up.
 stands a chance of paying dividends
 un the entire capitalization of the ] company, irrespective of its othe' properties, and al the present time
 it's ore shipments are of fsuch volume
 as to class the property among ibs
 best copper mines of the world
 Tie public who ars asked to to.
 vest ID mining securities must un
 dsrstand that there are twu features 10 be considered; first. the hpecula
 tive element that gives promise o
 enormous returns for small invest
 ments; the other, legitimate and
 safe mining which has passec
 thrO8gh the experimental stage
 aud the ore has been struck. h,
 public speculate in both classes, anc
 the supporters of each class ar, about equally divided; ID fact, th,
 great majority oi people who inves
 in mining securities do SO uDoI speculative principles What tke' object to IS being deceived as to th' character of the branch of mining ii
 which they participate 1T it is speculation, they want tO know It for iB that case tbey altIcIp at large returns successful: if on tn' other hand. it fs a working prOposl . ton with ore In sight, aod they ar' } promised dividends.t hey expect div idends on a conservative basis. h the case of the Pride of Arzon, Copper company both of these ei'-
 ments will be catered 10. First th'
 conservative investor who wishes
 reasonable chance of security is ap } pealed to On the grounds that thf r ] organization possesses. .fn addition t' 9 a large number of mining claim
 which give evidence of value. on' | great mine the Lone Pine-whlei B nas the distinction of being tn' r largest shipper of copper ore ID ! ay | Haa