Arizona silver belt., 1901-08-08

tive development on number of the best mines of the eighty claims pur- chased will probably be commenced early in September. Era.
 Within the course of a few months the VultuTe mine, located near Wick enburg, in Maricopa county, Arizona, will be once more in full operation. While the property is classed in a gen eral way as rather high low grade proposition, there are numerous pockets of very high grade ore. The ore runs variously from Si ton up In the upper levels it is free milling for the most part, and it is from the workings close to the surface that the one million tons that the books of former owners show to have yielded Sl6,000,0 ,000 was taken. This Sl6 to the ton average is a good indication of the values at the depths not greater than 300 feet. Below it is probable that the average will run considerably higher. To properly equip the Nul- ture and start it on a good working basis will probably require total ex penditure of S350,O00 or S4U0, ,000.- Wickenburg Herald.
 J. k. Murphy and D. D. King have purchased a one-half interest in the R. w. Baxter gold mine, which is situ- ated about five miles southeast of town, This property is said to be quite a bonanza, traces of it having been worked by the Spanlards being merous pits and drifts in the ledge. Jose UilOa located itseveral years ago. R, w. Baxter relocated the property about year ago, but his time has been taken up so much with other business that he has been unable to develop il, and We are glad to see it fall into the hands of Messrs Murphy and King, who are going to work immediately sinking 500-foot shaft. The ledge is very wide one, being over sixty feet in some places. It is quartz ledge with considerable copper croppings and while it Is regarded now as gold proposition, the presence of the croppings tend to show that it may turn to copper property, although Mir. King says if the gold values keep on as they are, they will not be looking for copper. = Wickenburg News.
 The Copper Matte Mining X Mill ing company has filed articles of in. corporation with the territorial secre- tary. The incorporators are w. NJ. Griffith, E. F. Jossey and E. E. Frye. Capital stock S500, ,0O0; shares s. The principal office will be at Tucson The mines were located in the Greenlee district few miles from Clifton by F. F.. Frye. an old time prospector of this section. The mines consist of the Yelled Prophet and Last Chance groups, upon which q considerable amount of money has been spent dur ing the past eight months. Since the incorporation of the company three contracts for development work have been let to r. F. Crowley, who has already commenced work. One tun- nel is now in on the Yelled Prophet 230 feet and has cut large body of sulphide ore. This tunnel will be con tinued as rapidly as possible. Mir. Griffith was formerly United States marshal of Arlzona and Mir Jossey was his principal assistant. They are men of means and also well connected, hence it is not likely that the com pany will have trouble over financial matters. Era.
 It is undeniable that most iniluen- tial business men of the world have turned their attention to mining, the source of nearly all wealth; for per sons who have been enslaved to the idea that the only safe proposition was a five per cent or six per cent security, now realize that many millions of in terest have been lost to them through needing the advice of those interested in cheap money, and that among the banking institutions of the west eighteen and twenty per cent per