Arizona weekly journal-miner., 1902-01-29
REMARKABLY GOOD SHOWING.
"A New Mining Company Which has Ex'
 perIenced an Era of Prosperity ~ Since its Organization.

The Copper Basin Gold and Cop per Mining company, which was or ganized three or four months ago has made a most remarkable showing for new company. Its incorpOrators are well known residents of Prescott and the company owns a group of seventeen claims about nine miles from Prescott, in the well known Cop per Basin mining district.
 The regular monthly meeting of the directorsNwas held yesterday after noon at which were present President and Superintendent w. w. Munds, Treasurer Geo. A. Beach, and Secre- tary c. E. Snider.
 A very interesting report was sub mitted at the meeting showing what has been accomplished by the com pany during its brief existence which must be very gratifying to the officers and cannot fail to meet the approval of the stockholders.
 When the company was incorpor- ated and small portion of the stock placed on the market to commence development work, there were no i'm provements. on the property. The company has since constructed a boarding house, two bunk houses and a blacksmith shop, and a barn and shaft house are now under construc- tion and will be completed within a week or ten days. A whim and whim horse and complete freighting out fit has also been purchased.
 On the mines over 300 feet of de- velopment work has been done, the new working shaft being down eighty five feet and other shafts varying thirty feet down to ten have been sunk. All the openings are in ore and during the past few days some very high grade ore has been encoun- tered on several of the claims.
 Starting in with two men the com pany has kept increasing its force as rapidly as they could be worked to advantage, until at the present time they have twelve men employed. Since putting up their whim they are sinking from twelve to twenty feet per week in the new shaft.
 A new and very promising claim which has an excellent surface show ing was located few days ago by the company, making a total of seven teen claims or $40 acres now owned by it, being one of the largest hold ings of any company operating in this county, and as far as develop ment work has progressed it will com pare favorably with the best in its showing of ore.
 Another feature of the report sub mitted at yesterdays meeting is one which the company has every reason to be proud of, and that is, that it has no debts on its hands and has money in the treasury to keep at work for several months yet.
 A short time since the company temporarily withdrew its stock from the market entirely, since when they have consistently refused to sell a share. This action was taken with out any explanation, but an explana- ton is easily found from the above condition of its finances. The show ing recently made and which it is reasonable toassume will continue, has been such that it is safe predict that when stock of the company is again offered it will be at a considerably ad- vanced price. The Journal for In vestors, in a recent article on this company and its property, closed by saying that it could only offer one criticism of it and that was that the company had been selling its stock at price ridiculuously low consider ing its holding and the showing made.
 A mining company owning such property and managed on such sound business basis as this has been means many thousands of dollars to the merchants of Prescott and every business man and citizen should feel proud of the fact that Prescott has such enterprising men as the officers and directors of this company have proven to be. The above is simply the result of having a good property to operate on, good men to operate with and liberal supply of printers ink to let the facts be known.
 Insurance Agency