Arizona republican., 1899-05-01
LOOKING FOR MINERS
A CCIO: adn Man Speaks of inc Un-
 resSonabieness of ProspeCtorS.

F. R. Wallace who arrived at the
 Hotel Adams about three weeks ago,
 has been looking over the field for
 mining property He represents
 Denver capitalists who are ready to
 employ a large amount of money in developing copper properties; but
 they are also willing to negotiate for
 developed propositions. While Mr
 Wallace has exsnineI several mineral districts, he says that investors be-
 fore him have not only negotiated for the developed properties, but they
 have possessed themselves of many prcmiIng undeveloped claims. and
 new his chances for interesting his
 company in any section he has ex- amined are not good. He speaks well
 of the district about Stanton and l Castle Creek, and thinks there are
 several mineral belts north of here,
 tributary to Phoenix wfich will soon be heard from.
 Although he did not intend to be here longer than a week, his stay will probably extend over six weeks. When he returns to Denver he will endeavOr to bring the capitalists here,
 
 After that he will examine some dis tncts which have been described to him. He places a great deal of con- f1dence in the reports from the Santa Maria district
 MT. Wallace speaks somewhat dis paragi1gly 0f the manner in which Arizona prospectOrs hold aloof frcm a good offer for their properties.
 "I find the sane condition existing among DrOSpectors here that are to be found almost every place." he said "They expect more than reasonable offer for their claims. Their actions are what we call f5abying' in Colorado. Every pros pector has his pet claim or baby and he thinks it is the only mine in ex- istence If he sees some one sell a claim for S100,000, he thinks he must have the same amount for his claim, irrespective of the manifest difference between the two properties. mt enc of these fellows the other day. After I examined his property I made him liberal offer of S35 900. The claim, in my estimation was worth fully that nTlh but there had not been a great deal of work done on it. and am averse to taking too many chances on prospect hole. Why the man replied, that mine will te worth s1,000,000 when you get down few feet further While I did not seriously think anything of the kind I conceded it to be true. and made another proposition I told him we would deveicO the claim for 8 one-halt interest. This he refused point blank and I refused to argue the question | with him.
 Now I don't wish to speak with discredit of the pr0speators of this i territory any more than any Cther place, yet I do think that the prevail | ir3 condition should be remedied. I | know that it isn't so bad as it used 10 | be and that mining is conducted with | mere judgment than it has beeu. 1 | would suggest one tFing, however, | which would te of great value to the | mining interests of the territory. If a prospector really has as much con fdence in his claim as he prOfasses. ho | should be willing to part with 9 half | interest to have it developed The | nan I s19oke of evi idently did not place | much faith in his property, or he | would have accepted my second offer. | If it was worth what he said it was. | he himself would be worth $500 O00 l when it became developed On the | other hand, he refused the first offer. ana ne VIII probably wait many | before he receives another ! as good. Such maneouvers cause capitalists to beccne lisinter- ested i1 mining"
 MT. Wallace has a good word to say of the city "A splendid city you have here he said, and it IS being talked Of a great deal in Colorado. There is one thing which I believe keeps number of people away from here. That is the reputation you have for snakes, Gila monsters and the like. IL doesn't seem nere that that should lhave any bearing. but it 1oes. I wanted to bring my wife with me when I came here, but she vas afraid of the snakes and I receive let ters from her almost every day in which she warns me about sleeping with a snake
 From what I have seen I believe I should like your winter climate. I in tend coming here next winter to give it a trial''