Arizona weekly journal-miner., 1901-10-30
MODERN COPPER
 MINING COMPANY
Its Fourth Monthly Circular Let ter to It's Stockholders Gives a Most Encouraging Ac- count of Conditions
 Existing.
The Company Acquires BY Purchase Twelve More Claims and Develop ment Work Continues fo Show
 Up Coed Values.

Circular number four, issued by
 the Modern Copper Mining company
 of Bisbee to its stockholders is of
 very encouraging and satisfactory
 nature. This plan adopted by the
 Modern company, of issuing letter
 monthly to its stockholders to keep them informed as to the progress be-
 ing made in the development of the
 property, is one which could be fol-
 lowed by other companies, also to the
 satisfaction of the stockholders, as a
 man who places his money in the
 hands of another for investment nat
 urally feels pleased to hear occasion
 ally what the company is doing and
 as to the prospects of his investments
 becoming remunerative to him. From
 the circular named above the follow ing is quoted:
 'As time passes by, as the work on our property progresses, the outlook for our company increases, and par ticularly is this true of the interval which has elapsed since the last let ter was sent out in September. At no former time have the prospects been more fattering to our stockhold- CTS, or have inducements been greater to purchasers of stock. At meeting of the directors on October 2, prop osition was made the company by Mir. O. H. Briggs, which resulted in the purchase from him of twelve claims, lying to the northwest of the thirteen claims previously owned, and at an elevation of about 2,000 feet less. The twelve claims enhance the hold ings of the company fully one hun dred per cent, as they all lie in one group and contain five distinct lodges of rich gold, silver and copper and lead ore of immense proportions, and for which Mir. Briggs previously had dattering offers of purchase. Too much cannot be said of the advan- tages of this acquisition, as any quan- tity of water can be obtained thereon, they are better located as regards railroad facilities, and are as well de- veloped as our other properties.
 ''This property is situated between lime formation on one side and iron on the other, and several lodges are iron capped, which are very favorable to the mineral they contain. As MT. Briggs becomes one of our largest stockholders, he was elected direc- tor and will entirely devote his time to the company's interest, and as he is a practical miner of years experi- ence, his services are inestimable. The price of stock was advanced to 50 cents per share, and only a small block is offered at this figure, as every indication points to rapid move ment upward.
 Work is steadily going on, and at present drifts are being run on the first level in vein of rich ore that seems at this time to have no limit, as no walls have been encountered since striking this vein. The ore assays high in gold and copper, and is being piled on the dumps preparatory to shipping to Fl Paso, which will begin in a few days. As soon as enough money is obtained, which now seems near at hand, a plant will be put on our property and the freights and a large portion of treating expenses will be converted into dividends. There seems to be no barrier, no shadow of doubt as to the ultimate development of this property of one of the best producing mines in Arizona.