Arizona weekly journal-miner., 1901-05-01
IS THE M'CABE MINE THE CENTER OF A MOUNTAIN
 OF MINERAL /?
Practical and Conservative Mining Men Believe That Section is the Pivotal Point for Unusual Activity Since the Recent Sale of the Mother
 Lode for Big Price.
EVIDENCES OF AN ACTIVE AND PROSPEROUS
 ERA SEEMS TO BE APPARENT ALREADY

all work and improvements besides
 providing for liberal dividends to its owners and no better recommenda- tion of its merits or value could be cited than this fact of itself. Besides the improvements placed on it in the way of machinery, and the dividends realized from it by its owners, there has been between 5000 and 10000 feet of development work done on it by them. During more recent years Hugo Richards and W. E. Hazeltine, each purchased an interest in the mine from Mir. Parsons and figure in the recnt deal, Messrs Wells and Me Crum retaining their interests intact until the recent sale.
 The group as original ly purchased by Messrs Wells, Packard, McCrum and Parsons embraced two claims, the McCabe and Sink to Rise, and later they purchased the Monopolist from D. c. Wood, which is on the same vein. Incidently it may be re- marked here that Mir. Wood is one of the present owners of the McCabe Ex- tension, very promising property located also on the McCabe vein and showing very much the same charac- teristics as the McCabe group as to the quality of its ore and tlue ore chutes, all though not yet so exten- sively developed.
 The new purchasers of the McCabe intend to push the work of develop ment just as rapidly as possible and to sink at once to depth of 150O feet or probably more. To do this it will be necessary to make some changes in the arrangements of the mine. The shaft on the mine which was sunk on the ledge carries the pitch of the vein which varies from eight to fifteen de grees from vertical. The hoisting heretofore has been done by means of a large bucket and this will be re- placed by means of either cage or skip, at least with some apparatus that will admit of more rapid motion. This question is already being consid- cred by them.
 Mir. Jaeger has already instructed his manager here to commence taking out ore for shipment as it his deter imitation to pay. dividend of five cents per share on all stock issued on the 10 of May and to follow it up with regular monthly dividends, but the money to pay these dividends must come from the mine.
 In addition to the mines of the Me Cabe group the Model Mining com pany, to which the transfer was made owns the North Model, Huron No. 2 and Reardon mines, which they are also working, but is estimated that the McCabe mine alone is capable of producing a car load of ore per day worth from S2,0O0 to S3.0O0 from which it will be seen that MT. Jaeger can easily redeem his pledge for divi- dends. and at the same time continue the development of the company's properties.
 The stock of the company which was at first placed on the market at thirty cents was afterwards advanced to Sl.00 and since the purchase of the McCabe group the lowest it can be had for is $500 per share, at which price it has found a ready sale and each of those composing the party who recently visited the mine with Mir. Jaegar, increased their holdings after seeing the property.
 The promotion of this deal was con summated by Governor R. c. Powers ond J. c. Rankin, who have devoted very large part of their time to it for the past three years, and singular thing in connection with it is that in all probability, had it not been con summated at the time it was, it would have passed into the control of other hands, as other parties had made an examination of it and were ready to complete negotiations.
 While the sale of this property will neither put any ore into or take any from any of the adjoining claims, it will give renewed activity to mining in that section from the confidence it will give to holders of other proper ties, which only await development to put them in the list of dividend pay CTS.
 As stated, the ledge of the McCabe is easily traceable by its croppings for a distance of four or five miles, and any of the other claims have an equal showing with it for the discovery of just as good and just as much ore be- tween the walls of their respective claims. In fact, where any consider able depth has been attained in other properties on the vein this has been demonstrated, and notably so on the Great Belcher and Rebel mines, which are on the same veins, and ill which large bodies of high grade ore have recently been opened up, and which give promise of equalling if not sur passing the McCabe.
 Other claims on the McCabe vein are the McCabe Extension, Gladstone, Little Kicker and others, which can not now be recalled.
 
 The steamship Nippon Maru from Hong Kong and Yokohama, with Min ister Conger on board. arrived in San