Arizona republican., 1901-03-08

est on the investment and will leave the greater part of the power the com- pany proposes to generate as capital to be sold and made to pay dividends. All the other companies in th.s distnlct will undoubtedly contract for power as soon as the plant is put in operation. Clarks contract is said to be about $4000 per month. He would have contracted for the power for much longer time, hut the directors thought best to only make deal for that time. As a matter of fact. electric power, generated by water. Is far cheaper than steam gener- ated by any kind of fuel. The next thing the directors of the company will do will be to secure the necessary amount of money to construct and equip their system for generating and transmitting the power to Jerome and other districts where they will have d market for 1t. In order to do this bonds will be floated to the amount of $l00.o0C or more. As Clark has entered into an agreement to purchase sufficient amount of power to insure the success of the plant after completion. the fonting of the bonds will be easy. An other scheme of the company will be to complete their canal. which has been under way for mcnths, from their wa ter source to the large tracts of fine land a few miles down the creek. An other source of profit to the company will be the sale of water to the farmers for irrlgating purposes. When once the plant is in operation there will be no overproduction of power, for it will all be contracted for right at home.
 A. Nelson, the Tempe hctel man, is in Jerome on mining and insurance bus mess. He was cut to the Venture Hill property yesterday with President El- der and others and in the evening pur- chased large block of the stock.
 J. Wallace. formerly interested in the United Verde Jr. Mining Co. returned from Colorado yesterday. where he has been since last summer. Mir. Wallace thinks Jerome is the coming mining town of the world.
 The Verde King Mining Co received a car of 50 feet of rail from sam Hill. of Prescott, this week. The company Is rushing work cn three contracts and will apply for a patent for their group ot twenty claims this fall.
 The Reporter office got out a fine prospectus this week for the Venture Hill company. It is in pamphlet form and contains one Of the most accurate maps ever printed of this mediate dis trict. The printing Is excellently done and the cuts snow up very distinctly. 1 Charles J. George president of the Verde King Copper company. and also president of the Linocln Gold Mining and Milling company. will be in Pres colt tomorrow night, from Los Ange- les. He will be met there by c. H. { Prahm and your correspondent. On Monday the party will go out to the Lincoln mine to arrange for the start Ing up of the mill and mine forre ' of or 10 men will be put on. Mir. i Prahm will be superintendens If the works. Your correspondent. who Is In the mining business where 1t is as easy to work up big flim-flam as 1t Is for little tne. worked up the deal for tho property. F.. F. Lincoln. who was the former owner of the group. and who now controls nearly half the capital stock If the company. went to Prescott yesterday and will go out to the mines with the party. The mine is certainly enc of the very best in the county.
 Mesdamss O. J. Berner. c. Fl. Prahm. D. D. Mcdonald. Wm. Adamson, Alex Adamson. James Gellispie. c. F.. Butler. Wm. Webb. Miss Rose Talbot and MT. Fultcn went out to Walnut Springs to- day on a picnic party. They were gone all day and enjoyed themselves very much. They had lots of lunch. and ate all of 1t.
 D. D. MCDONALD.