Arizona republican., 1899-07-13
SUPPORT WORTH HAVING.

The Engineering and Mining Jour | nal of New York. the leader of it's class in journalism. publication that has exposed many mining frauds,
 speaks as follows of Governor Mu-- phys recent warning to investors in
 mining stock: l Governor N. O. Murphy of Arizona has issued a warning to investors against the many wildcat Arizona min
 ing schemes which for some time past
 have been flooding the markets 4Hith
 worthless stocks. and. for instance. particularly the Val Verde, the United Verde Junior, tie United Verde Elk
 tension and the SpenaZuma companies, concerning all of which the readers of
 the Engineering and Mining Journal
 have already been warned in these
 pages. No doubt the unusual official
 statement of the governor, who is jea!-
 ous of the good name and watchful for
 the real Interests of the territory, VIII
 suffice to stop business in these stocks,
 or at least will induce proposing fn-
 yestorS to investigate before parting
 with their money, and the result will
 be the same. We are receiving letters
 from many of the representative men
 of the legitimate mining industry Of Arizona commenting the course of the Engineering and Mining Journal. Thus, under date June 29th. the super intendeE.s of an ATizor;l mine writes:
 All men who have the legitimate
 mining interests of Arizona at heart are pleased With the way in which you are dealing with the wildcat schemes now infesting the territory
 MT. w. A. Clark writes under date Butte, Mont, June 18th. 1899:
 hand you 2 semi-proclamation from the governor of Ar.zona with re- gard to the matter which you very wisely referred to some time ago in your valuable journal I am glad to see the authorities taking steps to pro- tect the public from being feeced and at the s1me time to protect the good Eame of the territory of Arizona. Everything in the way of fraudulent enterprises will detract from legiti- mate operations, and divert capital from the territory. You have done more than any other journal to expose fraudulent schemes, and you have the respect of all honest people for it."
 This letter from the most prominent mine owner in Arizona is abundant evidence in support of the position which we have taken. We hope to continue the good work and trust that we may be able to prevent any further extension of the schemes referred to.
 The Engineering and Mining Jour nal rightly estimates the value of the opinion of MT w A. Clark, owner Of the United Verde MT. Clark stands squarely in support of the position assumed by the governor. He does not permit politics to enter into the subject, knowing full well that politics had nothing to do with it in the be- ginning. Contrast his dignified and course with that of the Prescott Courier and equally characterless jour nals that have sprung to the defense of the stock jobbers and poured the foul est abuse upon the governor. The Courier has tried to make the public believe that all Arizona miners con denn the governors action. Is the Courier prepared to say that MT. Clark, who owns the biggest mine in Ari- zona, does not know what he is talking about? If the gov srnor required evidence of the value of his services to the territory n this matter the attitude of the Min ing and Engineering Journal and MT. Clark supplies it in ample measure In | the face of it the assertions of the paid l of the fakirs dwindle in to tnsig gnifcance.