Arizona republican., 1900-10-26

or any other stock jobbing mining com
 pany that selects Arizona for it's field
 of operations. The territory aboun1s in mineral wealth, and no greater ad~ vantages exist anywhere for profit
 able mining: great fortunes are being
 easily and honestly made in this very
 honorable industry, the field is pract' i cally ineXhaustible. and no doubt, on
 that account schemers have been able ! to float bogus enterprises, aide1 by a booming mining stock market and the
 almost fabulous output of some of our permanently producing mines. The
 Val Verde Copper company attempts
 to boom itself by claiming its property
 to be on the same vein as the great United Verde copper mine, when, IS
 matter of fact, it is a hundred miles away. and in a totally different forma-
 ton; this, however. is but one of the
 many eXtravagant claims made by this
 company. I wish to protect honest
 miners and save investors from loss,
 and to that end I call attention to the
 following report of a competent min> irg expert upon the property of the Val Verde Copper company"
 Then followed the report by Lester Jackson. the well known mining eX- pert, describing the claims being ex-
 plotted by the Val Verde company, concluding with these words: Con sidering this proposition as a whole l do not think much of it; or in other words, it will not do."
 Regarding the Val Verde Copper company, it is enough to say that socn after the governors warning was is sued that company ceased all work on its group of copper claims" north of Williams. which group had be made the basis Of some very alluring state ments to eastern investors. Soon there after this company built a smelter on the line of the Prescott & ElItl-n rail- road but it has not been operated, all though nearly a year has elapsed since it was completed. There is no evidence at hand to warrant the assumption that the smelter will be operated in the near future.
 It is a matter of history that hun dreds of thousands of dollars of stock have been sold in the east by com panies claiming to have rich properties in Arizona, many Of which prop erties' have never been developed at all, and which in no way warrant the eXtraVa- gant claims made for them. So eXten- sive were the misrepresentations made in this direction that the name of Arizona became synonymous with fraud, and to this day letters are re- ceived here conlrmatory of the fraudu- lent methods referred to by the gover- nor. Realizing the damage that was being done to the territory the goVer- nor, very properly, issued h.s public warning. Copies of it are now being diz.-ibrted, and it is to be hoped that every miner in Arizona will read it for it shows on it faco that the governors S action was intended to protect and encourage the mining interests of Arizona. There was noth- ing in this warning to prevent legiti- mate mining investments; on the other hand it was a distinct aid to sound mining ventures, for it closed the ave nues to wildcat mining and induced people to investigate thoroughly the that were submitted to them. Arizona has benefited materi- ! ally from the governors acti-n, and ths majority of the people of this territory . it as being of great value to . the territory.