The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1901-07-24
NEW HAVEN AND ANsoN1A PEopLl

| NEW HAVEN AND ANSONIA PEOPLE
And Others will be interested in the APP
pended Article.
| New Haven and Ansonla are keenly In
terested in the news which comes occn-
sonally from the wonderful United Verde
| copper mine OF Arizona, owned by Senator
one of the most prominent citizens of New
Haven hardly ten years ago and also to
| che leading manufacturer OF Ansonla. who
likewise happened to let the opportunity
pass to purchase the Verde for an insgnlti-
cant sum. At that time the mine was far
| from Il railroad and there was no prospect
| of better facilities for shipping ore.
| To-day the United Verde mine pays In
| net cash profits each year n sum far In ex.
| cess of the annual dividends paid at per
cent. per annum on $4,000, 600 of the capt
| tai stock Of the n. Y.sSN i'll. & II. Il. r. Co.
| In other words. the profits of the United
Verde per annum afa far In excess Of
| S5,000,006 cash and an this escaped coming
to New Hven and Ansonla only by the
merest chance. F3ft
The owner Of the United Verde freely adj
mits visitors to the mine, and one of them,
a Boston mining engineer, who recently in
spected the property, says: The United
Verde has discounted all my previous ideas
of mine, and when l went through that
property and heard MI. GirouX explain Its
conditions felt that the best mining men
In the world could learn something from
the United Verde.
II was told that fifteen years ago the
mine went begging for $4,000, and that
Senator Clark bought 1t because he
thought he could make mine of 1t. To
ters in the country that II is not only the
greatest mine IN the United States. but
that the next ten greatest mines In the
country would represent but fraction of
its probable value. The price of the prin-
cpal metal, --copper-may be reduced one
half but still 1t would be n great mine, as
about one-haf the value of the ore Is In
gold and silver. and as it carries S15 per
would still permit the mining OF ore at II
profit that most men would regard as mag
nfcent.
''The mine. as far as 1t has been devel-
mond drill below the present workings,
shows an immense ore chimney 400X600
feet across, that has been explored by
shafts, tunnels and drill holes to the
depth of 400 feet.
Glow far it will be possible to work the
mine before reaching the heat limit 1t
would be impossible to say, but a reason
able estimate is 5000 feet. but without
bodies contain values that almost stagger
belief The mine, to the depth of 1,400
feet contains 1886 900, 900 cubic feet of ore,
and estimating eleven cubic feet to the ton,
100000 tons practically IN sight, which, Mt
$40 ton. which am assured Is the aver
age value of the ore, represents So 600,
900, with more than half of the available
ore body yet untouched.
"These are not fancy figures. but repre-
sent the actual production Of the property
and can be verified in time. 1t has fire.
quently been asserted of late years that
Senator Clark has refused $50,000,000 for
the property or this | have no knowl-
edge, but | know how engineers are treated
who come to look at the property. They
are given carte blanche to take measure.
ments and samples and examine the books
and when they get through they are ready
to make a report to their principals which
effectually disposes of theip homes of ever
becoming owners of the United Verde -
Salt Lake Tribune July IS, 1901.